Page 2 - Precious Metals

Silver prices surge: Top reasons and what to expect in the months ahead

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 holds as traders await US payrolls data, silver hits 13-year high

Gold, a safe-haven asset during times of political and economic uncertainty, tends to thrive in a low-interest-rate environment

Gold declines Rs 1,500 to Rs 99,250 per 10 g amid weak global cues

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

Goldman Sachs raises year-end gold forecast to $3,700 on strong demand

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

Gold prices can rise 13% in 18 months to hit $3500 an ounce: BofA Securities

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

Gold steadies in thin trade as investors assess Fed policy outlook

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

Gold climbs Rs 10, silver up Rs 100; yellow metal trading at Rs 79,650

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 may get dragged down with industrial metals; Dip buying preferred

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

Gold prices rise Rs 250 to hit fresh all-time high of Rs 78,700 per 10g

The precious metal had settled at Rs 78,450 per 10 grams in the previous close on Friday

How to trade Gold ahead of US Fed's policy move? Check trading strategy

Spot gold was trading with a loss of around 0.45 per cent at $2,570 at the time of the MCX closing. The MCX October gold contract closed at Rs 73,150 (LTP), down 0.49 per cent.

Silver Trading Strategy: 50bps cut could help Silver clear Rs 90,400 hurdle

Silver price outlook by Sharekhan: Silver has got many supporting factors to push it higher as the Fed begins slashing rates.

Credit Agricole CIB chooses carbon trading over precious metals: Report

Flight restrictions and precious metal refinery closures in early 2020 created worries that traders would not be able to move gold to the United States in time to deliver against futures contracts

US Fed rate cut: MCX Gold eyes new high; Silver can zoom to Rs 1,00,000

Technical charts suggest that the bias for Gold is likely to remain positive as long as Rs 73,100 holds; while in case of Silver the bullish pivot stands at Rs 89,000.

Paris Olympics 2024: Gold, Sensex dazzle since Tokyo 2021 games, CLSA says

Gold prices, CLSA said, have risen from $1,806 per ounce (oz) since Tokyo Olympics 2020 began on July 23, 2021 to $2,387/oz at the start of Paris Olympics 2024 on July 26

India-UAE trade pact: GTRI expresses concerns over precious metal imports

Think tank GTRI on Tuesday expressed serious concerns over spurt in import of precious metals from the UAE under a free trade agreement and demanded an investigation as it is impacting domestic jewellery industry and leading to potential annual revenue loss. The Global Trade Research Initiative (GTRI) said that by addressing these issues, authorities can ensure the integrity of import practices, safeguard domestic industries, and prevent significant revenue losses. Seeking an urgent review of the agreement, it said the India-UAE comprehensive economic partnership agreement (CEPA) allows unlimited imports of gold, silver, platinum, and diamonds from the UAE into India with zero tariffs in the coming years. This will lead to significant "annual revenue losses, move import business from banks to a few private traders, and replace top suppliers with Dubai-based firms," it said in its report. "The zero-tariff policy under CEPA is projected to cause an annual revenue loss of Rs 63,375 cr

Gold has major resistance at 74,500, buy the dips in near-term: Sharekhan

The metal was changing hands at $2381 at the time of the MCX closing, which is down 0.20 per cent from Wednesday's closing level

Gold price slips Rs 10 to Rs 73,680, silver falls Rs 100 to Rs 85,400

The price of 22-carat gold also dipped Rs 10, with the yellow metal selling at Rs 67,540

Gold price dips Rs 10 to Rs 74,230, silver falls Rs 100 to Rs 86,400

The price of 22-carat gold also dipped Rs 10, with the yellow metal selling at Rs 68,040

Gold price slips Rs 10 to Rs 74,120, silver falls Rs 100 to Rs 86,400

The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 74,120

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

The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 73,160