Page 58 - Gold

Gold set for third monthly rise on softer dollar, US Fed slowdown bets

Markets are pricing in a 25-basis-points hike (bps) by the Fed, after slowing its pace to 50 bps in December, following four straight 75-bp hikes

More glitter: Multi-asset allocation funds burnish gold's safe-haven appeal

Worth its weight in Gold: Saw portfolio increase of 1-6 percentage points in November-December 2022

Gold prices subdued as US economic data backs Fed's interest rate stance

Investors are keeping a close eye on the central bank's two-day policy meeting next week, with a 25-basis-point rate increase widely expected

Gold prices march higher on slower US Fed interest rate hike bets

Spot gold rose 0.3% to $1,936.62 per ounce by 1137 GMT. U.S. gold futures gained 0.5% to $1,938.00

Gold prices tick lower; growth concerns start weighing on white metals

Zero-yield bullion tends to do well in a lower interest rate environment

Inflow in gold ETFs drops 90% in 2022; asset base, investors account grow

Inflow in gold exchange traded funds (ETFs) plunged by 90 per cent to Rs 459 crore in 2022 due to rising prices of yellow metal, increasing interest rate structure coupled with inflationary pressures. This was way lower than an inflow of Rs 4,814 crore seen in the segment during 2021 and Rs 6,657 crore in 2020, data with Association of Mutual Funds in India (Amfi) showed. However, the asset base of gold ETFs and investors' account or folio numbers increased in 2022 from the preceding year. "A rising price (of gold) probably puts some pressure on investors, with a lot of people holding back their investments while they wait for a correction. A rising interest rate structure coupled with inflationary pressures that the economy has been witnessing for most part of this year has also posed challenges," Kavitha Krishnan, Senior Analyst Manager Research, Morningstar India, said. On the domestic front, investors are preferring to invest in equities over other asset classes with the segmen

Guruvayur temple has over 260 kg of gold, nearly 20,000 gold lockets: RTI

The famed Guruvaur Sree Krishna Temple in this central Kerala district, which recently revealed details of bank deposits to the tune of over Rs 1,700 crore, has declared that it also has over 260 kg of gold in stock. In an RTI reply, the authorities of the temple said it has 263.637 kg of gold comprising precious stones and coins, and nearly 20,000 gold lockets. The management of the shrine had earlier refused to give details due to security reasons. The RTI document, which was provided after an appeal, showed that the temple owns 6,605 kg of silver, 19,981 gold lockets and 5,359 silver ones. The RTI, however, has not revealed the total value of gold and silver since the antiquity of some of them has not yet been established. In December last, the RTI revealed the bank deposits to be to the tune of Rs 1,737.04 crore and land of 271.05 acres the value of which was yet to be assessed. The centuries-old shrine, where Lord Vishnu is worshipped as Krishna, attracts thousands of people

Gold, silver prices rise in early trade; yellow metal selling at Rs 52,350

In Mumbai, Kolkata, and Hyderabad, 10 gram of 24-carat and 22-carat gold is selling at Rs 57,110 and Rs 52,350, respectively

Gold prices ease as dollar ticks up, but set for fifth weekly rise

The dollar rose 0.3% against its rivals, making gold more expensive for holders of other currencies

Gold worth Rs 2.01 crore seized at Mangaluru International Airport

Customs sleuths at the Mangaluru International Airport (MIA) have seized a total of 3,677 grams of smuggled gold worth Rs 2,01,69,800 between Jan 1 and 18 this year

Gems and jewellery exporters feel the heat of govt curbs on gold imports

Amid rising risks to external demand, the government is concerned about widening trade deficit, bringing the focus back on curbing non-essential imports

Gold prices reverse course to trade higher as US dollar loses ground

Despite the gains on Wednesday, prices have pulled back from their highest level since April 2022, reached on Monday

US interest rate-cut expectations have yellow metal shining bright

Mild recession, low inflationary pressures in the US and a stronger rupee would act as headwinds

Gold, silver prices rise; yellow metal selling at Rs 51,600 per 10 grams

In Mumbai, Kolkata, and Hyderabad, 10 gram of 24-carat and 22-carat gold was selling at Rs 51,600 and Rs 56,290, respectively

Gold at over eight-month high on slower US Fed rate-hike prospects

Data on Thursday showed that US consumer prices fell for the first time in more than 2-1/2 years in December

Gold scales 9-month high above key $1,900 level; highest since late April

Lower interest rates tend to be beneficial for bullion as they decrease the opportunity cost of holding the non-yielding asset

Indian gold prices hit record high, dampening demand, say dealers

Local gold futures rose to 56,245 rupees ($691.45) per 10 grams, surpassing the previous record of 56,191 rupees hit in August 2020

Gold prices steady as investors focus on Powell speech for rate guidance

Powell is scheduled to speak at a central bank conference in Stockholm at 1400 GMT, ahead of key US inflation data on Thursday

Gold hits eight-month peak as dollar slips on US Fed slowdown bets

Higher interest rates dim bullion's appeal as an inflation hedge and raise the opportunity cost of holding the non-yielding asset

Gold and silver prices fall; yellow metal selling at Rs 55,530 per 10 g

The price of 22-carat gold fell Rs 400 from yesterday's close to Rs 50,900, according to the GoodReturns website