Gold's bid-ask spreads remained narrow - or normalized quickly - during periods of market stress, rivalling those seen in 10- and 30-year US Treasuries.
The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹89,210
Jewelry demand slumped 25% in volume, but ETFs took center stage.
This week, Indian dealers were offering a discount of up to $31 an ounce over official domestic prices, inclusive of 6 per cent import and 3 per cent sales levies
The price of 22-carat gold declined ₹10, with ten grams of the yellow metal selling at ₹88,940
The price of 22-carat gold declined ₹10, with ten grams of the yellow metal selling at ₹89,340
Spot gold may test the support zone of $3,250-$3,257 (₹93,700-₹93,950). Downside from current level may be limited though.
The price of 22-carat gold declined ₹10, with ten grams of the yellow metal selling at ₹89,490
Fund of funds cross ₹1 trillion AUM in April 2025 for the first time, driven by tax reforms, gold's stellar returns, and launch of several new mutual fund offerings
The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹89,310
Faber finds countries like Indonesia, Thailand, and Malaysia more attractive than India right now.
Gold is well supported in a risk-off scenario due to geopolitical and economic issues
The price of 22-carat gold fell ₹10, with ten grams of the yellow metal selling at ₹87,090
The 'Beating Retreat' ceremonies have resumed at Attari, Hussainiwala, and Sadiqi borders, 10 days after the conclusion of Operation Sindoor.
The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹87,560
The price of 22-carat gold fell ₹10, with ten grams of the yellow metal selling at ₹87,190
The price of 22-carat gold fell ₹10, with ten grams of the yellow metal selling at ₹87,210
India's forex reserves jumped by USD 4.553 billion to USD 690.617 billion for the week ended May 9 on the back of a steep increase in gold assets, the RBI said on Friday. In the previous reporting week, the overall reserves had dropped by USD 2.065 billion to USD 686.064 billion. The forex reserves had touched an all-time high of USD 704.885 billion in end-September 2024. For the week ended May 9, foreign currency assets, a major component of the reserves, increased by USD 196 million to USD 581.373 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves jumped by USD 4.518 billion to USD 86.337 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down by USD 26 million to USD 18.532 billion, the apex bank said. India's reserve position with the IMF was also down by
As traders remain hopeful about further improvement in the global trade scenario, upside in the metal may be limited in the near term, says Praveen Singh
The price of 22-carat gold fell ₹10, with ten grams of the yellow metal selling at ₹86,090