Gold dropped over 3% on Friday, after US President Donald Trump's bigger-than-expected tariff measures rippled across global markets, wiping out nearly $6 trillion in value from US stocks last week
Gold prices plunged by Rs 1,350 to Rs 93,000 per 10 grams, bringing an end to its five-day record rally, in the national capital on Friday amid weak trend in the international markets, according to the All India Sarafa Association. On Thursday, the precious metal of 99.9 per cent purity had climbed Rs 200 to hit a fresh peak of Rs 94,350 per 10 grams. Snapping a five-day winning streak, gold of 99.5 per cent purity also declined by Rs 1,350 to Rs 92,550 per 10 grams from Thursday's closing level of Rs 93,900 per 10 grams. "Gold prices declined as safe-haven demand eased following the implementation of new tariffs by US President Donald Trump. "Investors have shifted their focus to global trade dynamics and the potential economic repercussions, which could weigh on growth and dampen business sentiment," Chintan Mehta, Chief Executive Officer at Abans Financial Services, said. Silver prices also tanked by Rs 5,000, logging the steepest fall in four months, to Rs 95,500 per kg. The w
On April 3, spot gold, buoyed by renewed safe haven demand due to unexpectedly high reciprocal tariff rates that pose a risk to the global trade and economy, soared to a fresh record high of $3,167.84
Experts suggest that reaching Rs 1 lakh per 10 grams is not just possible-it's highly likely. Currently, gold is only Rs 9,000 away from this milestone
All eyes are on the US non-farm payrolls report, due Friday, for further clues on the Federal Reserve's monetary policy path
The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹85,110
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 84,260
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 83,590
The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹83,410
Currently, Indian household gold reserves stand at 25,000 tonnes
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 82,360
The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹81,960
Positioning in gold should be approached with an awareness of its cyclical nature, ensuring that excitement over a rally does not overshadow the inherent volatility of the asset.
The price of 22-carat gold fell ₹10, with ten grams of the yellow metal selling at ₹81,840
Spot gold was trading at $3,039, down around 0.25 per cent on the day, at the time of writing. The MCX Gold April contract at Rs 88,700 was up around 0.1 per cent
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 83,110
Indians' love for gold is rooted in culture and security, often being the only asset for rural families. Despite the government's efforts to curb hoarding, gold remains a strong investment
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 82,910
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 82,510
One of the key drivers behind the surge in gold and silver prices was the ongoing trade tension between the U.S. and Europe