The price of 22-carat gold declined by ₹10, with ten grams of the yellow metal selling at ₹1,09,440
Gold prices are likely to remain volatile in the coming week, as investors track developments around the US government funding bill, labour market data and Federal Reserve commentary, analysts said. The release of the Federal Open Market Committee meeting minutes on Thursday is also likely to influence bullion market sentiment, they added. "The week ahead is relatively light on data, but volatility is expected to remain high with frequency to profit-booking likely to increase, followed by renewed buying as well. In the week ahead the focus will remain on voting for the US government funding bill, while on the data front it will be the labour market data, if released. "Federal Reserve official commentary will be closely watched with Fed Chair Jerome Powell's speech on Thursday," said Pranav Mer, Vice President, EBG - Commodity & Currency Research at JM Financial Services Ltd. Mer said gold prices added another 3.5-4 per cent to its recent gains last week, buoyed by a weaker US ...
The price of 22-carat gold also decreased by ₹10, with ten grams of the yellow metal selling at ₹1,08,640
In CY25, spot gold prices in dollar terms rallied 47.3 per cent, while spot silver has surged 62 per cent, outperforming major asset classes
RBI Governor Sanjay Malhotra on Friday said perhaps gold price is acting as a new barometer reflecting global uncertainties as the crude oil used to be in the recent past. While mentioning that fiscally almost every country today is "quite stressed", Malhotra also said current trade policy environment could damage growth in some of the economies and cautioned that globally, stock markets might see a correction. The Reserve Bank of India (RBI), while leaving the key interest rate unchanged at 5.5 per cent with a neutral monetary policy stance on Wednesday, said the global economy has been more resilient than anticipated but outlook remains clouded. "Despite geopolitical tensions that would have sent oil prices soaring in an earlier decade, they (oil prices) have been very range bound. This could be due to a decline in oil intensity in GDP, not just in India, but across the world. "Perhaps gold prices now are showing the kind of movement that oil used to that is acting as a barometer
Central banks, WGC said, added a net 15 tonnes to global gold reserves in August, based on reported data from both the IMF and respective central banks.
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹1,08,790
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹1,09,310
The world is heading into a period of serious problems, and gold and silver are among the few ways to protect oneself. That's been true for hundreds of years and will remain true now, Jim Rogers said
Analysts believe buying Gold ETFs on dips and physical gold in small quantities will be ideal for investors this festive season, as gold is expected to stay firm in the short-term
The price of 22-carat gold declined by ₹10, with ten grams of the yellow metal selling at ₹1,05,840
The price of 22-carat gold declined by ₹10, with ten grams of the yellow metal selling at ₹1,05,310
Rising gold prices and steady equities push ratio to highest since 2014
Tanishq is promoting jewellery exchange as the best way to buy gold amid soaring prices, with Sachin Tendulkar as brand partner, and expects strong festive and wedding demand
Gold may correct lower on a firmer Dollar as Fed largely remains cautious on rate cuts going forward. However, downside is expected to be limited
The price of 22-carat gold declined by ₹10, with ten grams of the yellow metal selling at ₹1,04,890
Looking ahead to 2025, with demand forecast at 1,148.3Moz against supply of 1,030.6Moz, the silver market, Nomura said, faces its fifth consecutive year of deficit at 117.6Moz
Sensex today | Stock market close highlights: In the broader markets, the Nifty MidCap index slipped 0.64 per cent, and the Nifty SmallCap 0.57 per cent
Sensex Today | Stock Market close highlights, Sept 24: The Nifty Realty index ended as the top sectoral laggard, dropping 2.5%, followed by the Nifty Auto (1.15%), and the Nifty Private Bank (0.8%)
Gold hits fresh global and domestic records on Asia-led demand, weak rupee, and China's bullion push; markets eye Fed rate cuts as prices rally over 15% this month