The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 74,120
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 68,110, Rs 67,960, and Rs 68,710, respectively
Extending gains for the second day in a row, gold and silver prices hit fresh all-time high levels on Tuesday, tracking strong trends in the international markets amid fears of escalating tensions in the Middle East. According to HDFC Securities, gold prices zoomed Rs 700 to hit its lifetime high of Rs 73,750 per 10 grams in the national capital on Tuesday. It had closed at Rs 73,050 per 10 grams on Monday. Similarly, silver price jumped Rs 800 to hit a record high of Rs 86,500 per kg. "Spot gold prices (24 carats) in the Delhi markets are trading at a new record high of Rs 73,750 per 10 grams, up by Rs 700, taking positive cues from overseas markets," Saumil Gandhi, Senior Analyst, Commodities at HDFC Securities, said. In the global markets, spot gold at Comex was trading at USD 2,370 per ounce, up by USD 15 from the previous close. Gold rose as demand for the haven asset grew amid fears of escalating tensions in the Middle East following Iran's unprecedented attack on Israel la
Citi projected gold prices to trade at $3,000 per ounce over the next 6-18 months
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 73,160
War has never been good for the stock markets. The exception is the oil and gold markets where the prices go up, said Jim Rogers, chairman of Rogers Holdings in this exclusive interview.
Despite rising gold prices, on a YoY basis the company said it achieved 13 per cent volume growth in Gold and 19 per cent volume growth in diamond in FY24.
Oil prices, however, hardly reacted to the news, as traders had largely priced in a retaliatory attack from Iran that would likely further disrupt supply chains
In Mumbai, the price of ten grams of 22-carat gold is at par with that in Kolkata and Hyderabad, at Rs 66,490
The price of 22-carat gold also rose Rs 10 with the yellow metal selling at Rs 67,210
China's official gold reserves, Wood said, have increased by 314 tonnes, or 16.1 per cent, from 1,948 tonnes at the end of October 2022 to 2,262 tonnes at the end of March 2024
The price of one kilogram of silver in Delhi, Mumbai, and Kolkata stood at Rs 84,900
Indians are obsessed with gold, and one of the main reasons for this obsession is its liquidity. You can easily convert gold into cash or use it as collateral for instant loans during emergencies.
The price of one kilogram of silver in Chennai stood at Rs 89,100
Geopolitical conflicts are contributing to market instability, prompting investors to flock to assets perceived as safe, such as gold.
The MCX Gold futures have scaled new highs in the last 9 trading sessions, and surged 8.5 per cent. Charts suggest some consolidation likely ahead, as technical indicators are in overbought zone.
The price of 22-carat gold rose Rs 10 with the yellow metal selling at Rs 65,760
It is not an interest-bearing asset and has precious little industrial use
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 71,630
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 71,280