Page 26 - Gold

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 72,060

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

Gold falls Rs 10, silver down by Rs 100; yellow metal trading at Rs 77,610

The price of 22-carat gold also stumbled Rs 10, with ten grams of the yellow metal selling at Rs 71,140

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

RBI adds 27 tonnnes gold to country's reserve in October, says WGC

Gold buying by central banks surged to 60 tonnes in October, mainly led by the Reserve Bank of India (RBI) which added 27 tonnes of the precious metal to its reserves, the World Gold Council (WGC) said on Thursday. India added 27 tonnes of gold in October, bringing its total gold purchases to 77 tonnes from January to October, according WGC data based on reported monthly data from the International Monetary Fund (IMF). This buying by RBI represents a five-fold increase as compared to the same period of 2023, said WGC. According to the data, with this purchase the total gold reserve of India is now at 882 tonnes, of which 510 tonnes are held in India. WGC further stated that emerging market central banks continued to dominate the market with Turkey and Poland adding 72 tonnes and 69 tonnes from January-October 2024, to their gold reserves, respectively. These three central banks alone accounted for 60 per cent of total global net purchases reported this year, it added. Meanwhile,

Gold falls Rs 10, silver down by Rs 100; yellow metal trading at Rs 77,770

Price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Bengaluru, Chennai, and Hyderabad at Rs 77,770

Markets Today: GIFT Nifty, IPOs, RBI Policy, MPC meeting, FIIs; HUL, Swiggy

Pre-market update: The strength in the Sensex, Nifty 3-day rally is likely to be tested on Wednesday amid tepid cues and as focus shifts towards the RBI policy.

Gold outlook: Buy on dips, temper return expectations after strong runup

Improvement in US GDP figures, easing of tensions in the Middle East, and stable or rising interest rates in the US are other factors that could hurt gold prices

Gold falls Rs 10 to Rs 77,340; silver down Rs 100, trading at Rs 90,900

Price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Bengaluru, Chennai, and Hyderabad at Rs 77,340

Gold price climbs Rs 10 to Rs 78,120, silver jumps Rs 100 to Rs 91,600

The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 71,610

Gold prices up by Rs 700 to Rs 79, 400 per 10 gm; silver mounts Rs 1,300

Gold prices rose by Rs 700 to Rs 79,400 per 10 grams in the national capital on Friday due to fresh buying by local jewellers and a firm overseas trend, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity closed at Rs 78,700 per 10 grams on Thursday. Silver also climbed Rs 1,300 to Rs 92,200 per kg. On Thursday, the white metal prices crashed by Rs 4,900 to Rs 90,900 per kg. Price of gold of 99.5 per cent purity advanced Rs 700 to hit Rs 79,000-mark against the previous close of Rs 78,300 per 10 grams on Thursday. Traders said sentiment turned bullish due to positive trend overseas and rise in domestic demand, which mainly pushed gold prices higher. Meanwhile, in futures trade on the Multi Commodity Exchange (MCX), gold contracts for December delivery climbed Rs 602 or 0.79 per cent to trade at Rs 76,326 per 10 grams. "Gold traded positively in MCX, supported by safe-haven demand amid ongoing geopolitical concerns," Jateen Trivedi, VP Researc

Gold price dips Rs 10 to Rs 77,340, silver falls Rs 100 to Rs 89,400

The price of 22-carat gold declined Rs 10, with ten grams of the yellow metal selling at Rs 70,920

Goldman Sachs sees gold at $3,150 per ounce, oil at $100 a barrel in 2025

Thus far in calendar year 2024 (CY24), Brent crude oil prices hit a low of around $69 a barrel before breaching the $91 a barrel mark in April 2024 as geopolitical concerns rose

Gold prices rebound as dollar weakens ahead of key US inflation data

Gold registered its deepest one-day decline in more than five months on Monday, and hit its lowest since Nov. 18 in the previous session, as safe-haven demand for the metal softened

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 falls Rs 10, silver declines Rs 100; yellow metal trading at 77,230

The price of 22-carat gold dipped Rs 10, with ten grams of the yellow metal selling at Rs 70,790

Gold prices rebound to Rs 80k-level despite Trump's aggressive trade policy

Gold prices have breached Rs 80,000 per 10 grams levels in major Indian cities, recovering from the impact of Donald Trump's expected high tariff trade policy and a firm US dollar, analysts said. A flare-up in geopolitical tensions due to the Russia-Ukraine war is bolstering the precious metal, which crossed the USD 2,700 an ounce level in global markets, they added. The uncertainty surrounding the US economy and volatile stock markets are also driving inflows into the safe-haven, however, the US Federal Reserve's (Fed) cautious attitude towards policy interest rate and strong US dollar are acting as headwinds for the bullion, analysts stated. On the Multi Commodity Exchange (MCX), gold prices tanked Rs 6,775, or 8.5 per cent, to hit Rs 73,000 per 10 grams after Donald Trump's victory raised expectations of a restricted trade policy by the US. "Gold prices had fallen 8 per cent after the US election results. "The strengthening US dollar index which rose from USD 101 to 107.5 press

Gold price climbs Rs 10 to Rs 78,830, silver falls Rs 100 to Rs 91,900

The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 72,260

Gold prices surge Rs 1,100 to Rs 80,400 per 10 g; silver climbs Rs 300

Gold prices surged Rs 1,100 to hit a two-week high of Rs 80,400 per 10 grams in the national capital on Friday due to persistent buying by jewellers and retailers during the ongoing wedding season, according to the All India Sarafa Association. On Thursday, the precious metal of 99.9 per cent purity finished at Rs 79,300 per 10 grams. Silver also climbed Rs 300 to Rs 93,300 per kg. It had closed at Rs 93,000 per kg in the previous session. Price of gold of 99.5 per cent purity soared Rs 1,100, extending the gains for the second consecutive day to Rs 80,000 per 10 grams. The yellow metal had finished at Rs 78,900 per 10 grams on Thursday. Meanwhile, in futures trade on the Multi Commodity Exchange (MCX), gold contracts for December delivery climbed Rs 906, or 1.18 per cent, to trade at Rs 77,599 per 10 grams. "Rising global unease pushed gold higher on Comex, and by Rs 900 on MCX, reaching Rs 77,600. This sharp recovery highlights gold's resilience and its role in balancing portfol

Gold price: Yellow metal rallies as Russia-Ukraine war takes ominous turn

Spot gold, at the time of writing this report, was trading nearly 0.77 per cent higher at $2,670, as it extended its rally to the fourth straight day