Exports in Oct saw sharpest decline in 14 months
Global tensions, weakening dollar, and surging central bank demand are fuelling gold’s rise. Emkay analysts now predict prices could soar to $4,600 per ounce.
Emkay Wealth Management recommends that those who are already invested may hold on to the positions and add on dips.
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹1,15,360
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹1,13,510
Gold prices are expected to remain in a corrective phase in the coming week ahead of the crucial US inflation data, continuing uncertainties over trade tariffs and key economic numbers from China, analysts said. Traders will also closely watch comments from US Federal Reserve officials for clarity on the monetary policy outlook, which is likely to steer the near-term direction for bullion prices, they added. "Gold prices are expected to see some consolidation or more correction as focus will be on the inflation numbers, US Supreme Court hearing on tariffs, speeches from Fed officials, and Chinese data," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. He said that although gold prices ended the week slightly lower, the metal is largely stuck in a range, capped on the upside by a stronger dollar and sluggish physical demand as retail buyers stayed away on the sidelines in anticipation of further price correction. However, Mer noted ..
SBI says India urgently needs a national gold policy, because the country remains deeply tied to the yellow metal - culturally, financially, and now geopolitically too.
Spot gold was up 1.2% at $3,977.94 per ounce by 10:57 am ET (1557 GMT). US gold futures for December delivery rose 0.7% to $3,989.80 per ounce
As gold prices soar to new heights, a study on Wednesday made a case for a comprehensive policy for the yellow metal as India is one of the world's largest bullion markets, influenced by a cultural affinity for the shiny metal and investment demand. Gold price has been reaching new heights driven by geo-political tensions, economic uncertainty, and a weakening US dollar, said the report titled 'Coming Of (A Turbulent) Age: The Great Global Gold Rush' by the State Bank of India's Economic Research Department. The year-to-date price has increased by over 50 per cent in 2025. The price came down to below USD 4,000 per ounce for a few days in October, but again moved above USD 4,000/oz in November. The report noted that the domestic supply of gold is only a fraction of the total gold supply in India, with imports contributing around 86 per cent of the total supply in 2024 as per the World Gold Council estimate. India is one of the largest gold markets, influenced by cultural affinity f
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,12,910
Gold prices extended their decline for the second consecutive week as improved global risk appetite, a strong dollar, and the US Federal Reserve's cautious tone of further rate cuts have dampened the demand for safe-haven asset. On the Multi Commodity Exchange (MCX), gold futures for December delivery plunged Rs 2,219, or 1.8 per cent, over the past week. During the past week, the yellow metal hit an intra-day low of Rs 1,17,628 per 10 grams on October 28. GOLD's CORRECTION DEEPENS AS DOLLAR STRENGTHENS, TENSIONS EASE Both global and domestic markets saw a sharp correction early in the week, breaking a nine-week rally amid easing geopolitical tensions, stronger US dollar, and profit-booking by investors have pushed gold prices lower. "Heavy profit-booking pushed global gold down from recent highs to test the USD 4,000 an ounce level. Domestic gold mirrored this, falling below Rs 1,19,000 per 10 grams before stabilising and recovering modestly in the latter half of the week," Sneha
Investigators said Kumar had been associated with Sabarimala since the 1990s and knew the idols were covered in gold
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,13,010
Central banks continuing to buy gold at a brisk pace despite elevated gold prices underscores the importance of holding metal in the present, uncertain political, economic, and geopolitical times
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,11,340
From private equity to investment in digital infra, India's HNIs and ultra-rich are driving the next wave of wealth creation, said wealth managers at the Business Standard BFSI Insight Summit 2025
After months of record-breaking gains, gold and silver prices have suddenly tumbled, sparking fears that the historic bullion rally may be cooling.
Overall gold consumption, however, fell 16 per cent to 209.4 tonnes as jewellery demand slumped 31 per cent to 117.7 tonnes due to record-high prices
Central banks, another major source of gold demand, increased purchases by 10 per cent to 219.9 tonnes in the third quarter, the WGC estimated
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,12,210