Page 33 - Gold

Kalyan Jewellers Q4FY25 update: Rvenue grows 37% to ₹4,563.72 crore

Kalyan Jewellers on Friday reported a 37 per cent year-on-year increase in consolidated revenue for the fourth quarter of FY2024-25, despite extreme volatility in the gold prices. The company reported a consolidated net revenue of Rs 4,563.72 crore in the fourth quarter (January-March) of the 2023-24 fiscal. India operations saw 39 per cent revenue growth during the March quarter of the fiscal 2024-25, with 21 per cent same-store sales growth, the company said in a regulatory filing. The revenue from the Middle East operation rose 24 per cent, contributing 12 per cent to consolidated revenue. The company said 25 Kalyan showrooms and 14 Candere showrooms were opened during Q4 in India. The Candere segment recorded a revenue growth of 22 per cent during the reported quarter of 2024-25. The company plans to launch 170 new showrooms across Kalyan and Candere formats. "We have completed signing Letter of Intents for the Franchisee Owned Company Operated (FOCO) showrooms planned for t

Gold trims losses as safe-haven, central bank demand lend support

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 snaps five-day winning streak, plunges Rs 1,350 to Rs 93,000 per 10g

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

Safe-haven demand for gold may rise further; check support, resistance here

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

Will gold hit Rs 1 lakh in 2025? How to invest in different gold assets

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

Safe-haven gold hits record high as Trump announces sweeping tariffs

All eyes are on the US non-farm payrolls report, due Friday, for further clues on the Federal Reserve's monetary policy path

Gold rises ₹10 to ₹92,850; silver up ₹100, trading at ₹1,05,100 today

The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹85,110

Gold price climbs Rs 10 to Rs 91,920, silver falls Rs 100 to Ts 1,03,900

The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 84,260

Gold dips Rs 10, silver down Rs 100; yellow metal trading at Rs 91,190

The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 83,590

Gold price rises ₹10 to ₹90,990; silver up ₹100, trading at ₹1,05,100

The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹83,410

Indian households' gold stash outweighs reserves with top 10 central banks

Currently, Indian household gold reserves stand at 25,000 tonnes

Gold price rises Rs 10 to Rs 89,850, silver falls Rs 100 to Rs 1,01,900

The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 82,360

Gold price climbs ₹10 to ₹89,410, silver price rises ₹100 to ₹1,02,100

The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹81,960

Gold rally too good to last? What history teaches about gains, volatility

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.

Gold falls ₹10 to ₹89,280; silver tumbles ₹100, trading at ₹1,00,900

The price of 22-carat gold fell ₹10, with ten grams of the yellow metal selling at ₹81,840

How to trade Gold today? Praveen Singh of Mirae Asset Sharekhan suggests

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

Gold price climbs Rs 10 to Rs 90,670, silver rises Rs 100 to Rs 1,05,200

The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 83,110

Sovereign gold bond programme: An albatross around the govt's neck?

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

Gold price climbs Rs 10 to Rs 90,450, silver rises Rs 100 to Rs 1,05,100

The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 82,910

Gold price climbs Rs 10 to Rs 90,010, silver rises Rs 100 to Rs 1,04,100

The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 82,510