The price of 22-carat gold also declined by ₹10, with ten grams of the yellow metal selling at ₹99,340
Spot gold rose 0.9% to $3,617.79 per ounce at 1209 GMT after hitting a record high of $3,622.07 earlier in the session
Your favourite metals, silver and gold have dazzled markets yet again, with both hitting new milestones.
The price of 22-carat gold also declined by ₹10, with ten grams of the yellow metal selling at ₹99,440
China's gold reserves stood at 74.02 million fine troy ounces at the end of August, up from 73.96 million at the end of July
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹98,660
The price of 22-carat gold also declined by ₹10, with ten grams of the yellow metal selling at ₹97,940
The price of 22-carat gold increased ₹10, with ten grams of the yellow metal selling at ₹98,060
The 30-year Japanese government bond (JGB) yield hit an unprecedented 3.255% on Wednesday morning, following a run-up in similarly dated UK gilts and U.S. Treasuries on Tuesday
The price of 22-carat gold increased ₹10, with ten grams of the yellow metal selling at ₹97,260
The price of 22-carat gold also declined by ₹10, with ten grams of the yellow metal selling at ₹97,060
The price of 22-carat gold also declined by ₹10, with ten grams of the yellow metal selling at ₹96,190
The price of 22-carat gold climbed by ₹10, with ten grams of the yellow metal selling at ₹96,200
The price of 22-carat gold climbed by ₹10, with ten grams of the yellow metal selling at ₹94,060
The price of 22-carat gold climbed by ₹10, with ten grams of the yellow metal selling at ₹93,910
Silver prices surged by Rs 2,000 to hit a fresh peak of Rs 1,20,000 per kilogram in the national capital on Wednesday, as traders flocked to safe-haven assets after the steep US tariff on Indian products came into effect. According to the All India Sarafa Association, the white metal had rallied Rs 3,000 to Rs 1,18,000 per kg on Tuesday. In the national capital, gold of 99.9 per cent purity climbed by Rs 500 to Rs 1,01,270 per 10 grams (inclusive of all taxes) on Wednesday. The precious metal had settled at Rs 1,00,770 per 10 grams in the previous market close. Additionally, the yellow metal of 99.5 per cent purity appreciated by Rs 400 to Rs 1,00,800 per 10 grams (inclusive of all taxes) on Wednesday. It had finished at Rs 1,00,400 per 10 grams on Tuesday. "Gold and silver are continuing their upward trajectory amid increased political unpredictability following President Donald Trump's dismissal of Federal Reserve Governor Lisa Cook," Renisha Chainani, Head - Research at Augmont
The price of 22-carat gold climbed by ₹10, with ten grams of the yellow metal selling at ₹93,560
The price of 22-carat gold also declined by ₹10, with ten grams of the yellow metal selling at ₹93,040
The price of 22-carat gold also declined by ₹10, with ten grams of the yellow metal selling at ₹93,140
Gold prices are likely to remain in a consolidation phase in the near term, but the overall bias will continue to stay positive amid heightened expectations of a US Federal Reserve rate cut in its September policy meeting, analysts said. Traders will closely track US macroeconomic data, such as Q2 GDP, PCE inflation, and speeches from Fed officials, which will provide more insights into the monetary policy stance of the Federal Reserve and the trajectory of the bullion sentiment, they added. "Gold prices may continue to see some consolidation, but the bias is expected to remain positive. The US Federal Chair Jerome Powell's comments have raised expectations of an interest rate cut at the September meeting," said Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services. Investors will keep track of geopolitical and trade developments, he added. "Markets will watch closely the Russia-Ukraine peace progress and the implementation of additional tariffs on