The dollar clung onto its gains as investors weighed what a US Federal Reserve under Warsh might look like, with his preference for a smaller balance sheet
Shares of gold-loan financers' wilted under selling pressure in Sunday's Budget day special trading session as Gold, Silver prices retreated sharply from record high levels.
Silver futures, which touched a peak of ₹4.2 lakh a kg on Thursday, fell 30% to ₹2.92 lakh in a day. Gold also weakened by 17.53%, but silver lost more. Are we seeing a 1980s redux?
Gold and silver ETFs in India logged their steepest single-day fall as global precious metal prices retreated sharply after a strong rally
Despite the sharp run, analysts expect silver prices to continue their upward march amid intermittent corrections, which they feel will be bought into by investors.
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The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,53,160
Prices jumped past the $5,000 mark for the first time on Monday and have gained more than 10 per cent so far this week
Only AMC to cross the ₹1 lakh crore milestone in precious metals ETFs
Silver prices extended their record-breaking run on Wednesday, soaring more than 7 per cent, to hit a lifetime high of Rs 3.83 lakh per kg in the futures trade, while gold jumped to a new peak of Rs 1.62 lakh per 10 grams, buoyed by a sharp fall in US dollar and strong safe-haven demand. Rallying for the fourth consecutive day, silver futures for March delivery climbed Rs 26,821, or 7.53 per cent, to hit another record of Rs 3,83,100 per kilogram on the Multi Commodity Exchange (MCX). In the last three sessions, the white metal has surged Rs 55,811, or 17.05 per cent, from Rs 3,27,289 per kilogram (closing price) recorded on January 22. Gold futures for February contract also witnessed robust buying by the investors, rising Rs 4,730, or 3 per cent, to touch a fresh peak of Rs 1,62,429 per 10 grams on the MCX. Analysts said bullion prices extended their upward march amid a weakening US dollar, renewed geopolitical tensions and firm investor appetite for the safe-haven assets. In th
The price of 22-carat gold fell by ₹10, with ten grams of the yellow metal selling at ₹1,48,440
In quantity terms, imports of both metals saw a decline
The metal has surged more than 200% in the past year, also driven by ongoing challenges in scaling up refining of the metal and a persistent supply shortage in the market
Despite the dip seen on Thursday, analysts suggest gold continues to be a reliable long-term portfolio anchor, rather than a short-term trade.
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,43,560
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,37,310
Silver moving through the $90/oz mark, believes Nigel Green, chief executive officer of deVere Group, a global consulting firm that has $14 billion in AUM, marks a decisive shift in market psycology
The tariff threat, tied to a dispute over control of Greenland and broader trade tensions, has rattled markets and reinforced precious metals' appeal as a hedge against economic instability.
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,31,790