Page 45 - Gold

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

Gold price dips Rs 10 to Rs 69,970, silver falls Rs 100 to Rs 81,600

The price of 22-carat gold also fell Rs 10, with the yellow metal selling at Rs 64,140

India building up gold reserves as part of forex deployment: RBI Guv Das

Reserve Bank Governor Shaktikanta Das on Friday said India has been building up gold reserves as part of its forex deployment. "We are building up gold reserves that is a part of our reserve deployment," Das told reporters at the customary post-policy review press conference here. He did not give any specifics on the quantum of gold buys, but pointed to the official data which shows an increase in the value of gold reserves. As per official data, the value of gold in the forex reserves stood at USD 51.487 billion as on March 22, which is USD 6.287 billion higher than the value as at end-March 2023. As per a recent news report, RBI bought 8.7 tonne of gold in January alone which is the highest in two years. The central bank's gold holdings had touched 812.3 tonne at the end of January from 803.58 tonne in the preceding month, as per the World Gold Council. The price of gold has also seen a rally over the last few months. Earlier in the day, Das announced that the overall forex ..

Gold touches new peak of Rs 69,200 per 10 grams amid global market rally

Gold prices jumped by Rs 830 to reach a new peak of Rs 69,200 per 10 grams on Wednesday amid a rally in precious metal rates in the global markets, according to HDFC Securities. This is the second time that yellow metal prices have hit an all-time high in this week. In the previous trade, the precious metal had closed at Rs 68,370 per 10 grams. Silver prices also surged by Rs 1,700 to Rs 80,700 per kg. It had finished at Rs 79,000 per kg in the previous close. "Spot gold prices (24 carats) in the Delhi markets are trading at Rs 69,200 per 10 grams, up by Rs 830, taking a bullish trend in the overseas markets," Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, said. In the international markets, spot gold at COMEX was trading at USD 2,275 per ounce, up by USD 20 from the previous close. "Gold up at yet another all-time high with prices breaching past USD 2,300 per ounce in early trade, while futures on MCX rose close to all-time around Rs 69,500, as demand for safe-h

Gold price declines Rs 10 to Rs 69,100, silver rises Rs 100 to Rs 79,100

In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 63,490, Rs 63,340, and Rs 64,290, respectively

Customers shy away from market as gold price nears Rs 70,000 milestone

The gold price was Rs 28,430 per 10 gram a decade ago, up 141 per cent, giving a 9.2 per cent compounding annual return

Gold price climbs Rs 10 to Rs 69,390, silver rises Rs 100 to Rs 78,700

The price of 22-carat gold declined Rs 10 with the yellow metal selling at Rs 63,610

Retaining sheen: Gold, silver may continue to sparkle next financial year

What is worth observing for the Indian market is that since the last nine years, gold investors have made money each year, while in silver, gains have been consistent only in the last five years

Metals soften in FY24, crude oil hardens in the international market

Most base metals, except tin, have ended lower in the last two years