The price of 22-carat gold also dipped Rs 10, with ten grams of the yellow metal selling at Rs 77,040
The price of 22-carat gold also dipped Rs 10, with ten grams of the yellow metal selling at Rs 77,440
Gold remained flat at its all-time high price of Rs 84,900 per 10 grams in the national capital on Saturday, according to the All India Sarafa Association. On Friday, the precious metal price of 99.9 per cent purity rose for the third straight session, jumping by Rs 1,100 to hit a new peak of Rs 84,900 per 10 grams driven by robust domestic demand. Gold has rallied by Rs 5,510 or 7 per cent since January 1 when the metal traded at Rs 79,390 per 10 grams in the local market. The yellow metal of 99.5 per purity also traded flat at Rs 84,500 per 10 grams -- also its record high on Saturday. However, silver rallied for the fourth straight session, climbing Rs 700 to Rs 95,700 per kg on persistent offtake by industrial units and coin makers. The white metal had closed at Rs 95,000 per kg on Friday. In the last four sessions, silver has advanced Rs 2,700 or 2.9 per cent to Rs 95,700 per kg from Rs 93,000 per kg on January 29. In futures trade, gold contracts for February delivery fell
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Chennai, and Hyderabad at Rs 84,340
Gold prices are expected to decline in 2025 while silver prices may increase, according to Economic Survey 2024-25 tabled in Parliament on Friday. Citing the World Bank's Commodity Markets Outlook for October 2024, the economic survey highlighted that commodity prices are projected to decrease 5.1 per cent in 2025 and 1.7 per cent in 2026. The projected declines are led by oil prices but tempered by price increases for natural gas and a stable outlook for metals and agricultural raw materials. Among precious metals, gold prices are expected to decrease while silver prices may increase. Prices for metals and minerals are expected to decline, primarily due to a decrease in iron ore and zinc prices, the economic survey said. "In general, the downward trend movement in prices of commodities imported by India is a positive for the domestic inflation outlook," it added. Meanwhile, the survey said "a global rise in uncertainty has led to fluctuations in the composition of foreign exchang
Silver rate today: Given the fact that industrial commodities are struggling, and tariff threats loom large, silver may struggle to extend its rally much further on a sustained basis
The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 76,110
Investors now await the December US personal consumption expenditures (PCE) price index report on Friday
The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 75,960
Total known global silver ETF holdings stood at 710.01 MOz, the lowest since September 23, as on January 27
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 75,090
The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 75,390
The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 75,540
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 75,560
According to the All India Sarafa Association, the precious metal of 99.9 per cent purity rose Rs 200 to hit a fresh lifetime high of Rs 83,100 per 10 grams
Silver looks vulnerable as industrial commodities are under pressure on Trump's tariff threats
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Chennai, and Hyderabad at Rs 82,080
The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 75,260
The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 74,490
The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 74,510