Page 9 - Gold Prices

Gold price climbs ₹10 to ₹1,24,870; silver rises ₹100, trading at ₹1,68,100

The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹1,14,460

Gold prices slip ₹10, silver down ₹100; yellow metal trading at ₹1,23,650

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,13,340

Gold price climbs ₹10 to ₹1,25,410; silver falls ₹100, trading at ₹1,66,900

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,14,960

India's Gold imports triple to record $14.7 bn in October on high demand

The country's gold imports surged about threefold to hit a record high of USD 14.72 billion in October, mainly due to higher festival and wedding demand, according to commerce ministry data. Gold imports stood at USD 4.92 billion in October 2024. Cumulatively, imports during April-October this fiscal year rose 21.44 per cent to USD 41.23 billion from USD 34 billion a year ago. High gold imports have pushed the country's trade deficit (difference between imports and exports) to a record high of USD 41.68 billion in October. Prices of the yellow metal are hovering around Rs 1.29 lakh per 10 grams in the national capital. Commenting on the data, Commerce Secretary Rajesh Agrawal said the increase in imports could be attributed to festival demand. Switzerland is the largest source of gold imports, with about 40 per cent share, followed by the UAE (over 16 per cent) and South Africa (about 10 per cent). The precious metal accounts for over 5 per cent of the country's total imports.

India's exports fall 11.8% to $34.38 in Oct as imports rise on gold, silver

India's exports contracted 11.8 per cent to USD 34.38 billion in October, showed government data released on Monday. Imports jumped 16.63 per cent to USD 76.06 billion. The country's trade deficit stood at USD 41.68 billion during the reporting month. Imports surged due to increased shipments of gold and silver. Gold imports jumped to USD 14.72 bn in the last month against USD 4.92 bn recorded in the same month last year. The country's exports to the United States declined to USD 6.3 bn in October as against USD 6.9 bn registered in the year-ago month, Commerce Secretary Rajesh Agrawal told reporters here. During April-October this fiscal, exports increased marginally by 0.63 per cent to USD 254.25 billion. At the same time, imports rose 6.37 per cent to USD 451.08 billion, the commerce ministry data showed.

Gold prices slip ₹10, silver down ₹100; yellow metal trading at ₹1,25,070

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,14,640

Gold may stay choppy ahead of US jobs data, Fed meeting minutes: Analysts

Gold prices are likely to remain volatile in the coming week but may find support as focus shifts to key US economic data releases, including jobs report and the Federal Reserve's meeting minutes for fresh signals on the interest rate decision, analysts said. Investors will also closely watch Federal Reserve Chair Jerome Powell's speech on Wednesday. Along with comments from other Fed officials throughout the week which will drive the gold prices, they added. "The volatility is expected to remain high, but prices may find some support... Focus will be on the US economic data releases, which may give some clues on the health of the American economy & possible some direction on the Fed's rate outlook," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. On a weekly basis, gold futures for December delivery climbed by Rs 2,494, or 2.06 per cent in the past week, on the Multi Commodity Exchange (MCX). "The precious metal rallied ...

Gold price slips ₹10 to ₹1,27,030; silver rises ₹100, trading at ₹1,73,200

The price of 22-carat gold also fell by ₹10, with ten grams of the yellow metal selling at ₹1,16,440

Gold-price volatility likely to cap gains for Muthoot Finance's stock

Muthoot Finance posted robust Q2FY26 earnings driven by higher gold prices and strong AUM growth, but analysts flag risks from yield pressure, NIM compression and regulatory uncertainty

Gold prices may consolidate amid Fed rate cut uncertainity, high bond yield

Downside is expected to be limited on concerns about the US job market and expectations of Fed rate cut in December

Gold price climbs ₹10 to ₹1,28,660; silver rises ₹100, trading at ₹1,73,100

The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹1,17,910

Is the gold price rally trying to warn against a rise in inflation?

Christopher Wood, global head of equity strategy at Jefferies expects gold prices to hit $6,600/oz going ahead, up 57 per cent from the current levels.

Gold price slip ₹10 to ₹1,25,500; silver rises ₹100, trading at ₹1,62,100

The price of 22-carat gold also fell by ₹10, with ten grams of the yellow metal selling at ₹1,15,040

Sebi warning triggers surge in withdrawals from digital gold fintechs

Following Sebi's warning that digital gold lies outside its regulatory scope, fintechs are facing scrutiny over vault practices, investor safety, and KYC compliance

Gold price climbs ₹10 to ₹1,25,850; silver rises ₹100, trades at ₹1,60,100

The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹1,15,360

Gold price climbs ₹10 to ₹1,23,830; silver rises ₹100, trading at ₹1,57,100

The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹1,13,510

Gold rallies ₹1,300 to ₹1,25,900 per 10 grams; silver bounce ₹2,460

Gold prices rallied by Rs 1,300 to Rs 1,25,900 per 10 grams in the national capital on Monday amid strong global cues and a weak dollar, according to the All India Sarafa Association. The precious metal of 99.5 per cent purity climbed by Rs 1,300 to Rs 1,25,300 per 10 grams (inclusive of all taxes) against Rs 1,24,000 per 10 grams on Friday. In the local bullion market, gold of 99.9 per cent purity had settled at Rs 1,24,600 per 10 grams in the previous market session. "Gold resumed trading on a positive note, supported by ongoing safe-haven demand and weaker US macroeconomic data that heightened expectations for a rate cut by the Federal Reserve in next month's meeting," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said. He noted that a softer dollar has provided further support for bullion. In addition, silver prices bounced by Rs 2,460 to Rs 1,55,760 per kilogram (inclusive of all taxes) on Monday. The white metal had finished at Rs 1,53,300 per kg on Friday,

Time to start buying gold for the long term, suggest analysts

From a technical perspective, the first key technical support for gold, according to WGC, is seen around its medium-term 55-day average and initial Fibonacci retracement of the rise from the 2022 low

Gold prices slip ₹10, silver down ₹100; yellow metal trading at ₹1,22,010

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,11,840

Gold to remain in corrective phase ahead of crucial US, China macro data

Gold prices are expected to remain in a corrective phase in the coming week ahead of the crucial US inflation data, continuing uncertainties over trade tariffs and key economic numbers from China, analysts said. Traders will also closely watch comments from US Federal Reserve officials for clarity on the monetary policy outlook, which is likely to steer the near-term direction for bullion prices, they added. "Gold prices are expected to see some consolidation or more correction as focus will be on the inflation numbers, US Supreme Court hearing on tariffs, speeches from Fed officials, and Chinese data," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. He said that although gold prices ended the week slightly lower, the metal is largely stuck in a range, capped on the upside by a stronger dollar and sluggish physical demand as retail buyers stayed away on the sidelines in anticipation of further price correction. However, Mer noted ..