The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹94,710
Gold prices climbed by Rs 800 to hit a fresh all-time high of Rs 1,03,420 per 10 grams in the national capital on Friday due to persistent buying by stockists, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity added Rs 3,600 in the preceding session to hit a new closing peak of Rs 1,02,620 per 10 grams. In the national capital, gold of 99.5 per cent purity also jumped by Rs 800 to hit a fresh peak of Rs 1,03,000 per 10 grams (inclusive of all taxes) on Friday, surpassing its earlier lifetime high of Rs 1,02,200 per 10 grams recorded after Thursday's session. In the last five sessions, the yellow metal prices have risen by Rs 5,800 per 10 grams. "Gold prices rise after US imposed a 39 per cent tariff on 1 kg and 100-ounce of gold bars imported from Switzerland, disrupting a key supply route and injecting fresh volatility into the bullion market. "The reclassification of these bars under a taxable category ended their long-standing exemption,
Gold futures in New York which are backed by those forms of bullion surged to a record high, as traders, analysts and executives across the industry were left reeling
Gold faces a strong resistance at $3420 (₹102,300 at INR/USD rate of ₹87.43) as posed by the 4-month-old trendline.
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹94,000
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹93,710
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹92,960
The price of 22-carat gold also decreased by ₹10, with ten grams of the yellow metal selling at ₹92,890
The price of 22-carat gold also decreased by ₹10, with ten grams of the yellow metal selling at ₹91,490
The price of 22-carat gold also decreased by ₹10, with ten grams of the yellow metal selling at ₹91,500
Considering the US GDP data, weekly job report, hot PCE report and calm in the wider markets despite tariffs, gold is susceptible to further decline in the near-term, says Praveen Singh of Mirae Asset
Global gold demand increased 3 per cent year-on-year to 1,249 tonnes during the April-June quarter of the current year, amid a high price environment, World Gold Council (WGC) said in a report on Thursday. Strong gold investment flows largely fuelled quarterly growth, as an increasingly unpredictable geopolitical environment and price momentum sustained demand, according to WGC's Q2 2025 Gold Demand Trends report. "Gold ETF investment remained a key driver of total demand, with inflows of 170 tonnes over the quarter, compared with small outflows in Q2 2024. "Asian-listed funds were major contributors at 70 tonnes, keeping pace with US flows. Combined with record inflows in the first quarter, global gold ETF demand reached 397 tonnes, the highest first-half total since 2020," the report added. Meanwhile, the total bar and coin investment also increased 11 per cent year-on-year, adding 307 tonnes. Chinese investors led the way with a 44 per cent year-on-year increase to 115 tonnes,
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹92,110
The price of 22-carat gold also decreased by ₹10, with ten grams of the yellow metal selling at ₹91,590
Sovereign Gold Bond 2017-18 Series II matures on July 28; investors to receive Rs 9,924 per gram along with interest. Here's how the returns stack up and what to check before redemption.
Gold prices are expected to witness further consolidation in the coming week as investors brace for a slew of events, ranging from central bank meetings, including the US Federal Open Market Committee (FOMC) meeting's outcome, to global trade negotiations, analysts said. Traders will also closely watch macroeconomic data, including Personal Consumption Expenditures (PCE) inflation numbers, employment data from the US, manufacturing PMI numbers from across regions and developments related to the August 1 trade deal deadline. August 1 marks the end of the suspension period of Trump tariffs imposed on dozens of countries, including India. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services, said, "Gold prices may see some consolidation in the week ahead as the focus will be on the outcome of trade negotiations between the US-Euro zone and the US-China along the policy meeting of the US Federal Reserve and Bank of Japan, both of them expected to keep
The price of 22-carat gold also decreased by ₹10, with ten grams of the yellow metal selling at ₹92,090
The price of 22-carat gold also decreased by ₹10, with ten grams of the yellow metal selling at ₹92,540
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹93,810
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹92,860