Gold prices have pulled back from their record highs in recent trading sessions, marking a reversal after a strong rally. Over the course of the last three sessions, the price of the yellow metal dropped from ₹74,367 per ten grams to reach a new one-week low of ₹72,111 on the MCX, marking a decline of … Read more
Silver prices have outshone gold this year so far. In domestic spot markets, they have gained about 18 per cent year-to-date (YTD), trading at ₹86,000 a kg mark. On the other hand, spot gold prices have risen about 16 per cent this year so far, trading near ₹73,000 per 10 gram mark. Indian stock market … Read more
At 1304 GMT, spot gold surged by 0.9% to $2,396.81 per ounce. Bullion prices have climbed by 1.5% this week, following a one-month high on Thursday. In the meantime, gold futures for June delivery in the U.S. concluded 0.4% lower, settling at 2385.50 per ounce. “Gold prices inched higher, hovering near $2400 while silver marked … Read more
Gold prices surged on Friday, marking their most substantial weekly gain since early April, driven by pessimism surrounding the weak U.S. employment data, which bolstered expectations of interest rate cuts by the Federal Reserve in the coming months. Spot gold saw an impressive 1.1% increase, reaching $2,372.46 per ounce by 1203 GMT, achieving its highest … Read more
Gold prices on Wednesday saw a slight decline thanks to a strong dollar exerting pressure on prices. Investors remained cautious, awaiting US data to glean insights into potential rate cuts by the Federal Reserve. At 1335 GMT, spot gold experienced a slight decline of 0.19 per cent, reaching $2,309.29 per ounce. Simultaneously, US gold futures … Read more
Gold prices declined on Tuesday as the U.S. dollar strengthened, with investors anticipating additional remarks from Federal Reserve officials to gain insight into the potential timing of interest rate adjustments. Spot gold decreased by 0.5% to $2,312.29 per ounce by 1218 GMT, while U.S. gold futures also fell by 0.5% to $2,320.60 per ounce. The … Read more