Page 6 - Gold Trade

Gold and silver ETFs: The new-age alchemists spinning wealth in 2024

Where investors find philosopher's stone, with Rs 19K crore inflow in first 11 months of CY 2024

Here's how to trade Gold on December 27; Check support, target and more

On December 26, spot gold rose on flattish US Dollar and mixed US weekly job data

Gold steadies in thin trade as investors assess Fed policy outlook

The Fed cut rates by 25 basis points on Dec. 18, although the central bank's predictions of fewer rate cuts in 2025 resulted in a decline in gold prices to their lowest level since Nov. 18 last week

Gold prices to remain under pressure in near-term; check key levels

Gold price today: Bears eye $2537 (Rs 74,000), the cycle-low made on November 14, for Gold. Resistance is at $2630 (Rs 76,700)

Commerce ministry may face possible repeat of 2011 trade data error

The commerce ministry this time around may witness a repeat of 2011 when a discrepancy of about USD 9 billion was detected in the trade data for the April-November period. This time, the issue involves suspected errors in calculating gold import figures for November 2024. In 2011, there was over-reporting of export data on account of miss-classifications and double counting due to problems in the computer software, which was getting upgraded. Noticing an unusual surge in the gold imports in November this year, pushing the country's trade deficit to a record, a commerce ministry official on Wednesday said that DGCIS (Directorate General of Commercial Intelligence and Statistics) has taken up detailed examination of the gold import data and reconciliation would be done with the data received by CBIC (Central Board of Indirect Taxes and Customs). The country's gold imports in November reached a record high of USD 14.86 billion, registering a four-fold increase, mainly on account of ..

Gold price rally to slow in 2025? Sharekhan analyst says sell metal on rise

Gold price today: The World Gold Council, in a report released on December 12, stated that after a record-breaking year of 2024, the metal is expected to rise at a slower pace in 2025

Gold jumps Rs 10 to Rs 78,610, silver climbs Rs 100 to Rs 96,600 per kg

The price of 22-carat gold also jumped Rs 10, with ten grams of the yellow metal selling at Rs 72,860

Gold rises on Fed rate cut bets, China's central bank resumes purchases

Traders are pricing an 87per cent chance of a 25-basis-point interest rate cut at next week's Fed meeting, up from 61.6per cent last week, according to the CME Group's FedWatch Tool, which would mark

Sharekhan decodes strategy to trade gold ahead of US nonfarm payroll data

Spot gold at the time of writing this report is trading at $2,631, down nearly 0.76 per cent on the day

Gold to trade choppy amid war tensions; Sharekhan suggests 'Buy on dips'

Spot gold is expected to be choppy on crosscurrents of haven demand on geopolitical worries and healthy risk appetite

Gold to range trade in near-term; Sharekhan suggests 'Buying on dips'

The metal, closing 3.22 per cent lower at $2625 on November 25, traded between $2,605 and $2,642 on Tuesday and was down by nearly 0.20 per cent to trade at $2,620 at the time of writing this report

Gold prices ease from one-week high as US dollar rebounds after 1-week low

Spot gold was down 0.2 per cent at $2,627.60 per ounce as of 1238 GMT, after hitting its highest level since Nov. 11 earlier in the session. US gold futures were steady at $2,631.30

Equity returns outclass gold, FD, property in the long term: Morgan Stanley

Indian households, Desai wrote, are still under-invested in equities. At cost, only 3 per cent of the household balance sheet is in equities, excluding equity holdings of founders.

Gold rate today: Analyst advises 'Sell on rally' for Gold post Fed rate cut

Gold price: The yellow metal faces risk from fickle bond yields as deficit concerns loom large. Near-term upside is limited, says Praveen Singh of Sharekhan

Gold slips as dollar surges on Trump win, investors keep eyes on Fed

"Gold will be torn between the risk of rising inflation, potentially slowing the pace of US rate cuts, as tariffs are rolled out and continued demand for safe haven assets," said Ole Hansen, head

Gold prices may rise if Trump wins US election; check trading strategy here

Gold rate today: Donald Trump coming to power is likely to heighten the Sino-US trade tensions, which would be positive for gold

Fitch affirms IIFL Finance's rating after RBI lifts ban on gold-loan biz

Fitch Ratings on Monday affirmed IIFL Finance's ratings with a stable outlook, saying that after the lifting of the ban on new gold-backed lending imposed by the Reserve Bank of India (RBI), the firm's franchise will gradually stabilise. The RBI in September, had lifted regulatory restrictions it had imposed in March on IIFL Finance's gold-backed lending business. Fitch Ratings has affirmed India-based IIFL Finance Ltd's long-term issuer default rating (IDR) and medium-term note programme rating at 'B+', and removed the ratings from 'Rating Watch Negative'. The outlook on the IDR is stable. The affirmation and stable outlook reflect expectation that IIFL Finance's franchise will gradually stabilise after the lifting of the ban. "Funding towards the gold-backed lending entity remains tentative, which could continue to restrain growth in the product. Nonetheless, funding volume for the housing finance and microfinance subsidiaries has been more resilient, which should support the cre

More glitter in Gold after 32% gain in Samvat 2080, highest after 2011

Consequent to high gold prices, the domestic jewellery industry also faced many challenges during the recently concluded Samvat

Gold rate today: Yellow metal in 'overbought' zone, eyes $2800 in near-term

Gold prices today: Spot gold hit a fresh record high of $2,773.53 on October 29, 2024. Buying the dips is the preferred strategy

Gold rate today: US election, Brics, Mid East war may take gold to Rs 80200

Gold rate today: As gold prices are expected to be highly volatile, especially due to Brics headlines, buying the dips is the preferred strategy