Gold prices may see heightened volatility in the coming week as investors track a crucial July 9 tariff deadline, policy signals from major central banks, including the US Federal Reserve, and key global macroeconomic data, analysts said. "These factors could influence the near-term trajectory of gold prices," analysts said, adding that traders are expected to remain cautious ahead of any major policy cues or geopolitical developments. The 90-day suspension of Trump tariffs on imports from several countries, including India, ends on July 9, reviving the risk of a 26 per cent additional duty on Indian goods entering the US. "Going ahead, the focus will be on the interest rate cuts by key central banks, especially US Fed Reserve, the outcome of trade negotiation between US and its trading partners, incoming global economic data, which could impact the near-term gold prices," Pranav Mer, Vice President, EBG, Commodity & Currency Research at JM Financial Services Ltd, said. Investors .
India's electronics manufacturing sector, which has been struggling with China's restrictions on rare earth magnet exports, faces a double whammy with import curbs on gold compound -- a key raw material. Rare earth magnets have diverse utility ranging from computer chips and electronic components to electric vehicles, wind turbines, and medical equipment. Gold compounds are also widely used in critical electronic components to improve flow of electric current in motherboards, semiconductors etc. The Directorate General of Foreign Trade (DGFT) in an order dated June 17 reclassified imports of colloidal precious metals and compounds from "free" to "restricted" category. The development followed restrictions from China on export of rare earth magnets and specialized capital goods. India Cellular and Electronics Association (ICEA) in a letter to the Ministry of Electronics and IT said that the import restriction has brought in uncertainty in the efforts of industry to scale up domesti
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹90,490
Gold prices are caught between the impact of strong US data and the possibility of trade friction as trade negotiations continue
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹91,060
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹90,660
Gold is expected to fall sharply in case the Trump Administration decides to extend the July deadline
Gold price: The yellow metal has witnessed a stunning double-digit rally of roughly 30 per cent so far this year, aided by geopolitical tensions
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹90,200
The price of 22-carat gold also stumbled ₹10, with ten grams of the yellow metal selling at ₹89,290
The price of 22-carat gold also stumbled ₹10, with ten grams of the yellow metal selling at ₹89,840
Gold price outlook: Strong ETF inflows, weaker US Dollar, weak US data and shaky Iran-Israel ceasefire are positive for the yellow metal in the near-term
The price of 22-carat gold also stumbled ₹10, with ten grams of the yellow metal selling at ₹90,690
The price of 22-carat gold also stumbled ₹10, with ten grams of the yellow metal selling at ₹90,690
The price of ten grams of 24-carat gold in Mumbai, Kolkata, and Chennai stood at ₹1,00,680
Spot gold gained 0.5per cent at $3,384.59 an ounce, as of 1245 a.m. EDT (1645 GMT). US gold futures was up 0.4per cent at $3,400.70
The Directorate of Revenue Intelligence (DRI) has busted a gold melting facility in south Mumbai, seized the yellow metal worth Rs 8.93 crore and arrested seven members of a crime syndicate, officials said on Monday. The central agency had specific intelligence about the facility involved in melting of smuggled gold brought to India from Dubai with the help of carrier passengers recruited by an organized syndicate, an official said. Accordingly, the DRI's Mumbai Zonal Unit initiated action under the codename "Operation Alchemist" on Sunday night and uncovered the gold melting unit in the Masjid Bunder area. Initially, a DRI team nabbed two persons, who were coming out of the facility and 8.74 kg of gold in bar form was recovered from their possession, he said. A search was conducted at the facility, where DRI officials found that two operators were melting smuggled gold and converting the precious metal into bars, he said. During investigation it surfaced that 18 egg-shaped ...
The price of 22-carat gold also stumbled ₹10, with ten grams of the yellow metal selling at ₹92,340
Gold has overtaken the euro to become the world's second-biggest reserve asset as central banks continue to buy amid global uncertainty
The price of 22-carat gold also climbed ₹10, with ten grams of the yellow metal selling at ₹92,350