Gold Trade

Gold slips below ₹1.5 lakh per 10g in Delhi for the first time in 2 months

Gold falls ₹1,400 to ₹1.486 lakh per 10g in Delhi as weak local demand and a stronger US dollar weigh on prices

Gold outlook: Analyst sees upside capped at $4,330 amid US-Iran uncertainty

Praveen Singh of Mirae Asset Sharekhan said that Hormuz optimism can keep gold supported in the very short term. Upside is likely to be limited to $4330 unless more clarity emerges on US-Iran talks.

Mirae Asset sees gold testing $4,535 as yields and oil prices ease

Gold may rise to test the resistance zone of $4520-$4535. However, oil prices rising further will pose a downside risk to this possibility.

Gold, US Treasuries surge as crude oil slide eases inflation concerns

Gold rebounds after three days of losses as lower oil prices ease inflation concerns and Treasury yields retreat

Gold outlook hinges on Fed signals; metal could test $4,200: Kotak Sec

In August, Treasury more than doubled its bond repurchase operations from $2 billion to at least $4 billion per operation

Investors pump $18bn into gold ETFs in Aug.; Europe-listed funds lead: WGC

North American demand, according to the report, was relatively modest early in the month before accelerating sharply during the week of 17 August when funds added roughly $4 billion.

Can gold & crypto sustain recent momentum amid looming US Fed rate hikes?

The CME FedWatch tool signals that market participants are pricing in a 58 per cent chance of a hike, as against 45 per cent a month ago.

Gold's next test: Can the August rally survive Jackson Hole?

Global gold ETFs recorded 23.5 tonnes of inflows in July, reversing two straight months of outflows.

Gold may consolidate after sharp rally; resistance at $4,500: Mirae Asset

Mirae Asset expects gold to find good support in the dips. After a brief consolidation, it is expected to test resistance at $4,500. Support is at $4,300/$4,200-$4,220.

Higher oil prices may outweigh safe-haven demand for gold: Mirae Asset

Praveen Singh, Head of Commodities at Mirae Asset Sharekhan, said elevated expectations of a Fed rate hike are bearish for the metal, but the downside is expected to remain limited

Gold can fall up to 16% to $3400/oz, say analysts; should you buy the dip?

Already in the bear territory after receding 27% from its record high level, analysts foresee further decline in gold prices of up to 16% to $3400-3500 levels.

Strong dollar, rate fears may weigh on gold prices: Mirae Asset Sharekhan

A firmer dollar, rate hikes by central banks, ETF outflows, and elevated yields are likely to keep the yellow metal under pressure. China's demand is not too strong either

Silver ETFs slip up to 4%, gold ETFs 3% amid fall in precious metals

In the international market, Gold fell on Wednesday, as oil prices ‌rose on renewed hostilities between the US and Iran, fuelling concerns about inflation and interest rate hikes.

Gold outlook remains bearish; yellow metal may fall towards $4,099: Analyst

Gold ETF flows remain uninspiring, as investors continue to be deterred by elevated volatility and the prospect of higher interest rates

Gold trajectory remains oil-sensitive amid geopolitical tensions: Analyst

Gold's trajectory continues to depend on oil prices as traders remain fixated on rate moves. High oil prices are supporting the US Dollar and increasing the probability of rate hikes

Near-term gold outlook cloudy amid yield spike, dollar headwinds: Analyst

Rising real yields alongside a firmer dollar have together stripped two of gold's most consistent supports simultaneously

Hastmilap Jewels Rolls Out Scalable Everyday Jewellery Franchise Model

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India caps gold imports under Advance Authorisation scheme at 100 kg

A day after significantly increasing the import duty on precious metals, the government on Thursday imposed a limit of 100 kg on gold imports under the Advance Authorisation scheme, which allows jewellery exporters to import raw or input materials at zero duty. The government has tighetend conditons for the issuance and monitoring of advance authorisation for import of gold. Earlier, there was no limit on gold imports under the scheme. The Advance Authorisation scheme allows the duty-free import of inputs that are incorporated into an export product. In addition to any inputs, packaging material, fuel, oil, and catalyst that are consumed or utilised in the process of production of export product, are also allowed. "AA for import of gold shall be issued, subject to a maximum remissible quantity of 100 kilograms," the DGFT said in a public notice. It added that in case of application for Advance Authorisation by a first-time applicant, a mandatory physical inspection of the applicant

Gold, silver may face selling pressure as Fed meeting, US-Iran talks loom

Gold and silver may face some selling pressure this holiday-shortened week as traders track peace talks between the US and Iran, crude oil rates and the Federal Reserve's policy decision, analysts said. Domestic commodity markets would remain closed on Friday on account of Maharashtra Day. "Focus in the coming week will remain on the progress in peace talks between the US and Iran, and their potential impact on oil, gold, and broader financial markets," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. On the macroeconomic front, traders will monitor monetary policy decisions from the US Federal Reserve, Bank of Japan, Bank of England and European Central Bank. Besides this, key US data on housing, Personal Consumption Expenditures (PCE) inflation and consumer confidence, along with factory activity numbers from major economies later in the week, will also guide sentiment, he added. Analysts said the April 29 Federal Open Market ...

WGC proposes physically-backed common infrastructure to scale digital gold

The World Gold Council (WGC) has proposed an initiative to build a physically-backed shared infrastructure to advance the growth of digital gold. WGC through a white paper has proposed the concept of 'Gold as a Service', a platform owned and operated by the World Gold Council and built as shared infrastructure that any market participant can access to build digital gold products without needing to develop their own end-to-end systems. While digital gold products exist, they operate across fragmented infrastructure with inconsistent custody standards, redemption terms and governance frameworks, WGC Chief Strategy Officer Terry Heymann told PTI. "The idea behind this initiative is to provide a shared infrastructure which could help gold to play a greater role in the digital economy. This will be backed by physical gold this will be accredited, inspected regularly, with processes in place to make sure that gold has been responsibly sourced and is accounted for," Heymann said. Gold as