Bandhan Silver ETF plummeted 19 per cent during Sunday's special trading session on account of the Union Budget presentation
Gold and silver ETFs extended their decline amid a sharp global sell-off in precious metals, prompting BSE to revise price band calculations to T-1 NAV to better reflect heightened market volatility
Calling this record crash in gold and silver prices a "rare" event, Zerodha founder and CEO Nithin Kamath said these are the days when risk management doesn't work
Silver futures, which touched a peak of ₹4.2 lakh a kg on Thursday, fell 30% to ₹2.92 lakh in a day. Gold also weakened by 17.53%, but silver lost more. Are we seeing a 1980s redux?
The precious metal refining sector expects the government to address duty disparities that put domestic refiners at a disadvantage compared to imports through free trade agreements, MMTC-PAMP Managing Director and CEO Sami Guha said on Friday. "One of the expectations we've had as not just MMTC-PAMP, but as the whole precious metal refining sector has seen this disparity, which is there in duty, especially through the SEPA route between what we get as Dore versus what refined bullion is imported at," Guha said. The duty gap puts refiners at a significant disadvantage, though the government appears to be aware of the issue, he said. FTAs signed after the Single Euro Payments Area (SEPA) have excluded bullion, and the industry hopes future trade agreements follow the same approach by not including gold and silver in lower duty structures. To boost India's global standing in refining and increase the number of London Bullion Market Association-accredited refiners, the government needs
Gold and silver prices are poised to maintain their record-setting rally in the coming week as investors focus on global inflation data and key macroeconomic indicators that shape central bank policy paths, analysts said. The spotlight will be on macroeconomic numbers, including inflation readings from India, the US, Europe, and the UK, as well as provisional manufacturing and services PMI data across major economies. In the US, traders will also track non-farm payroll/ weekly jobless claims, housing data and consumer sentiments, which will also shape the direction of bullion prices, they added. "Gold and silver's momentum will remain positive as (traders) focus on key data from China, followed by inflation numbers from India, the US, and the UK, along with provisional manufacturing/ services PMI data from across regions," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services, said. On the Multi Commodity Exchange (MCX), gold futures appreciated Rs
In an email interview, Yogesh Kalwani says he prefers a mix of largecaps and select mid- and smallcap names, with sector tilts towards BFSI and healthcare
The desk will mainly target Indian jewellers and extend services to scrap and recycling businesses, Greg Kallinikos, chief executive for Asia Pacific, said in an interview
Apurva Sheth, head of market perspectives and research at SAMCO Securities believes that the recent buying frenzy in both gold and silver has been led by FOMO - buying out of fear of missing out
Looking ahead to 2025, with demand forecast at 1,148.3Moz against supply of 1,030.6Moz, the silver market, Nomura said, faces its fifth consecutive year of deficit at 117.6Moz
At the peak of the last secular bull market in gold in January 1980, Wood said, gold price was then equivalent to 9.9 per cent of US disposable income per capita which stood at $8,551
The government has imposed import curbs on certain colloidal precious metals, with an aim to check the illegal inflow of gold into India in liquid form. Colloidal precious metals are suspensions of gold or silver nanoparticles dispersed in a liquid. According to industry experts, some importers were using this route for imports from countries like Thailand. "The import policy of items covered under CTH 2843 is revised from free to restricted with immediate effect," the directorate general of foreign trade said in a notification. Goods under this number include colloidal precious metals; inorganic or organic compounds of precious metals. In a separate notification, the Directorate said that the import of Palladium, Rhodium and Iridium alloy consisting of gold more than one per cent by weight is restricted. Gold imports in April-May this fiscal year dipped by 3.82 per cent to USD 5.64 billion.
Usage-wise, silver has a 52 per cent demand from industrial applications, and one of the biggest demand growth driver is its use in clean energy applications such as solar energy and electric vehicles
Gold, a safe-haven asset during times of political and economic uncertainty, tends to thrive in a low-interest-rate environment
Gold prices declined Rs 1,500 to Rs 99,250 per 10 grams in the national capital on Thursday, following a weak trend in the global markets, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 1,00,750 per 10 grams on Wednesday. Snapping a four-day winning streak, gold of 99.5 per cent purity declined by Rs 1,550 to Rs 98,800 per 10 grams on Thursday. It had settled at Rs 1,00,350 per 10 grams in the previous session. "Gold prices remained highly volatile as multiple global and domestic triggers played out simultaneously," Jateen Trivedi, VP Research Analyst of Commodity and Currency at LKP Securities, said. In international markets, gold slipped sharply following US President Donald Trump's announcement of a trade agreement with the UK on Thursday, marking the first of his promised deals, triggering profit-taking across safe-haven assets, Trivedi added. As per the Sarafa Association, silver prices fell Rs 740 to Rs 98,200 per k
The bank also noted a surge in gold ETF inflows, driven by fears of a recession, with its economists assigning a 45 per cent probability to a US recession in the next 12 months
The key risks to the upside in gold, BofA Securities said includes US fiscal consolidation, reduced geopolitical tensions, and a return to collaborative inter-governmental relations
The Fed cut rates by 25 basis points on Dec. 18, although the central bank's predictions of fewer rate cuts in 2025 resulted in a decline in gold prices to their lowest level since Nov. 18 last week
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Bangalore, Chennai, and Hyderabad at Rs 79,650.
Silver is expected to trade with a positive bias in near-term on the US presidential election uncertainties, healthy ETF inflows, and strong demand in India amid geopolitical tensions