Page 40 - Gold

Gold price falls Rs 10 to Rs 72,590, silver falls Rs 100 to Rs 83,400

The price of 22-carat gold also declined by Rs 10, with the yellow metal selling at Rs 66,540

RBI bought 19 tonnes of gold in March qtr. What fuelled the buying spree?

The RBI net demand totaled 290 tonnes in the March 2024 quarter, up 1 per cent as compared to 286.2 tonnes in the March 2023, strongest start to any year on record, World Gold Council (WGC) said.

India's gold demand rises 8% in Jan-Mar to 136.6 tonne despite high rate

India's gold demand rose 8 per cent annually to 136.6 tonne in the March quarter helped by a strong economic environment despite prices touching historic highs, according to the World Gold Council. The aggressive gold buying by the Reserve Bank of India (RBI) also contributed to the rise in demand. India's gold demand in value terms rose 20 per cent on an annual basis to Rs 75,470 crore during the January-March period of this year on volume growth as well as a rise in quarterly average prices by 11 per cent. On Tuesday, the World Gold Council (WGC) released its global report 'Gold Demand Trends Q1 2024', showing that India's total gold demand, including both jewellery and investment, increased to 136.6 tonne in January-March this year from 126.3 tonne in the year-ago period. Out of the total gold demand, the jewellery demand in India increased 4 per cent to 95.5 tonne from 91.9 tonne. The total investment demand (in the form of bar, coin among others) grew 19 per cent to 41.1 tonne

Gold slips Rs 10, silver down Rs 100; yellow metal trading at Rs 72,590

The price of 22-carat gold also declined by Rs 10, with the yellow metal selling at Rs 66,540

Gold holds steady as investors await US data for more Federal Reserve clues

Spot gold was unchanged at $2,338.08 per ounce by 0932 GMT, holding slightly above its 21-day moving average of $2,336

Gold price climbs Rs 10 to Rs 72,720, silver rises Rs 100 to Rs 84,600

The price of 22-carat gold also edged up Rs 10, with the yellow metal selling at Rs 66,660

Gold price dips Rs 10 to Rs 72,260, silver falls Rs 100 to Rs 82,400

The price of 22-carat gold also dipped Rs 10, with the yellow metal selling at Rs 66,240

Nifty can hit 100,000; mid, smallcaps are a real pot of gold: Vikas Khemani

By 2035, India's market-cap can touch $18-20 trillion as compared to around $4 trillion right now, Vikas Khemani said in this interview.

Nifty can hit 100,000; mid, smallcaps are a real pot of gold: Vikas Khemani

By 2035, India's market-cap can touch $18-20 trillion as compared to around $4 trillion right now, Vikas Khemani said in this interview.

China is front and center of gold's record-breaking rally this year

China and India have typically vied over the title of world's biggest buyer. But that shifted last year as Chinese consumption of jewelry, bars and coins swelled to record levels

Gold price climbs Rs 10 to Rs 74,350, silver dips Rs 100 to Rs 86,400

The price of 22-carat gold also rose Rs 10, with the yellow metal selling at Rs 68,160

Gold consolidates after hitting record high on West Asia tensions

Iran launched explosive drones and missiles at Israel late on Saturday in retaliation for a suspected Israeli attack on its consulate in Syria on April 1

Gold price climbs Rs 10 to Rs 73,320, silver rises Rs 100 to Rs 86,600

The price of 22-carat gold also rose Rs 10 with the yellow metal selling at Rs 67,210

Gold gains Rs 1,050 to breach Rs 73k-mark; silver too hits fresh peak

Gold and silver prices rallied for the fourth straight session and hit fresh peaks on Friday, with the yellow metal gaining sharply by Rs 1,050 to breach Rs 73,000 per 10 grams level amid bullish global trend. According to HDFC Securities, gold price surged Rs 1,050 to hit its lifetime high of Rs 73,350 per 10 grams in Delhi. It had closed at Rs 72,300 per 10 grams in the previous session. Similarly, silver prices zoomed Rs 1,400 to hit a new record of Rs 86,300 per kg. "Spot gold (24 carats) prices in the Delhi markets are trading at a record high of Rs 73,350 per 10 grams, up by Rs 1,050, taking positive cues from overseas markets," Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, said. Commodity markets were partially closed on Thursday on account of Eid-Ul-Fitr. In the global markets, spot gold at Comex traded at USD 2,388 per ounce, up USD 48 from the previous closing level. Gold reached a new all-time high in the early hours of the European trading day on Fr

Why are gold prices rising? Chris Wood of Jefferies explains

China's official gold reserves, Wood said, have increased by 314 tonnes, or 16.1 per cent, from 1,948 tonnes at the end of October 2022 to 2,262 tonnes at the end of March 2024

Gold price rises to Rs 72,230, silver price slips Rs 100 to Rs 84,900

The price of one kilogram of silver in Delhi, Mumbai, and Kolkata stood at Rs 84,900

Gold at record high: What's driving gold prices, how should you to invest

Indians are obsessed with gold, and one of the main reasons for this obsession is its liquidity. You can easily convert gold into cash or use it as collateral for instant loans during emergencies.

Gold hits all-time high, soars past Rs 71,000: Should you still invest?

Geopolitical conflicts are contributing to market instability, prompting investors to flock to assets perceived as safe, such as gold.

Gold price climbs Rs 10 to reach Rs 71,740, silver slips to Rs 84,400

The price of 22-carat gold rose Rs 10 with the yellow metal selling at Rs 65,760

Demand from central bank propels safe-haven gold to new record peak

Spot gold eased 0.1% to $2,326.19 per ounce, as of 11:54 a.m. ET (1554 GMT), after hitting a record high of $2,353.79 earlier in the session. U.S. gold futures were steady at $2,344.80