Page 8 - Gold Trade
Gold: Yellow metal falls on hawkish Fed; bearish ahead of US payroll data
Spot gold slid on Tuesday following a rebound on Monday as the US Federal Reserve officials continue to maintain a hawkish outlook on rates
 "Gold: Yellow metal falls on hawkish Fed; bearish ahead of US payroll data")
Gold price slips Rs 10, silver down Rs 100; yellow metal at Rs 72,370
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 66,490, Rs 66,340, and Rs 66,940, respectively
 "Gold price slips Rs 10, silver down Rs 100; yellow metal at Rs 72,370")
Gold zooms to two-week high on rate cut speculation; trading strategy here
Spot gold surged on Thursday to two week-high level of $2,366 on the Fed rate cut bets. The rate cut speculation gained currency as the Swiss National Bank cut interest rates for the second time
 "Gold zooms to two-week high on rate cut speculation; trading strategy here")
Gold slips Rs 10, silver gains Rs 100; yellow metal trading at Rs 72,210
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 66,340, Rs 66,190, and Rs 66,960, respectively
Gold slips Rs 10, silver declines Rs 100; yellow metal trading at Rs 72,320
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 66,440, Rs 66,290, and Rs 66,890, respectively
Gold Strategy: Yellow metal uncertain before Fed outcome; support at $2,277
Spot gold traded with a bearish bias on Tuesday as most of the commodities were under pressure due to the rise of far-right parties in the recently concluded European elections
Gold prices fall despite softer US yields, buy the dips; target prices here
Spot gold at the time of the MCX closing was trading at $2329, down 0.89per cent on the day, whereas the MCX August contract was changing hands at Rs 72,005, down 0.27per cent
Gold prices decline Rs 10 to Rs 72,750, silver dips Rs 100 to Rs 95,400
The price of 22-carat gold fell Rs 10, with the yellow metal selling at Rs 66,690
 "Gold prices decline Rs 10 to Rs 72,750, silver dips Rs 100 to Rs 95,400")
Gold Strategy: Buy the dips towards Rs 71,400; Support near Rs 71,500
The MCX Gold August contract was down by 0.11 per cent at its LTP of Rs 72,193. Risk appetite remains weak as wider markets swoon
Biggest global gold ETFs by AUM see $3.9 bn outflow in 5 months. Check why
On the other hand, gold prices have seen a rise in the last few months amid steady demand, especially from the global central banks
 "Biggest global gold ETFs by AUM see $3.9 bn outflow in 5 months. Check why")
Gold price climbs Rs 10 to Rs 73,210, silver rises Rs 100 to Rs 97,800
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 67,260, Rs 67,110, and Rs 67,760, respectively
Gold trading strategy: Yellow metal may hit Rs 71200 if US yields hold 4.5%
Gold outlook: Gold continues to see a buying support into the dips around $2,300. Support is at $2,352/$2,325/$2,317
 "Gold trading strategy: Yellow metal may hit Rs 71200 if US yields hold 4.5%")
Jewellery chain Senco Gold aims 15-20% growth in revenue, profit in FY25
Leading jewellery chain Senco Gold Ltd is looking at 15-20 per cent growth in revenue and profit in the current fiscal, despite rising prices of the yellow metal and global uncertainties. The jeweller is also planning to add 15-20 stores in the current 2024-25 financial year (FY'25), of which around 50 per cent will be franchisee-owned. "We are looking at a growth of 15 per cent as a conservative estimate, which may go up to 20 per cent in normal circumstances, in both revenue and profit in FY'25," Senco Gold MD & CEO Suvankar Sen told PTI. The jewellery chain reported a 39 per cent year-on-year revenue growth in the fourth quarter of FY'24 (2023-24) to Rs 1,137 crore, while its profit jumped 23 per cent to Rs 32.17 crore. For the entire fiscal year, the revenue growth was 29 per cent with turnover reaching Rs 5,241 crore, backed by rising gold prices and increased demand from existing and new stores. The net profit expanded by 14 per cent to Rs 181 crore. In 2023-24, the retail .
 "Jewellery chain Senco Gold aims 15-20% growth in revenue, profit in FY25")
Gold price slips Rs 10 to Rs 72,430, silver falls Rs 100 to Rs 91,400
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 66,540, Rs 66,390, and Rs 66,540, respectively
Gold price slips Rs 10 to Rs 73,410, silver falls Rs 100 to Rs 92,400
The price of 22-carat gold dipped Rs 10, with the yellow metal selling at Rs 67,290
Should you buy gold now? Check key levels here before investing your money
The downside pressure on gold further intensified on Thursday on better-than-expected S&P US Global manufacturing and services PMI data
Limits of the global gold rush
Gold remains important in central bank reserves, but won't significantly replace financial assets on balance sheets
Gold rallies on cautious US Fed; check target prices, support levels here
The cautious stance of the US Federal Reserve on its monetary policy is somewhat positive for the metal; thus, inflation hedge buying theme dominates
Gold price climbs Rs 10 to Rs 75,170, silver up Rs 100 at Rs 96,600
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 69,060, Rs 68,910, and Rs 69,010, respectively
Gold has major resistance at 74,500, buy the dips in near-term: Sharekhan
The metal was changing hands at $2381 at the time of the MCX closing, which is down 0.20 per cent from Wednesday's closing level