Gold dropped more than 1 per cent on Thursday, reaching its lowest point in two weeks, as investors adjusted their positions to concentrate on upcoming U.S. economic data that might provide further clues on when the Federal Reserve could cut interest rates. By 1302 GMT, spot gold had decreased by […]
silver
Gold rate today: Gold rate on MCX traded higher on Wednesday, recouping sharp losses in previous session, tracking gains in international bullion prices ahead of the release of key economic data in the US. MCX gold contracts for August delivery traded 0.42% higher at ₹68,801 per 10 grams, while MCX […]
Technical posture for gold remains bullish – analyst India slashes import tax on gold, silver Focus on US PCE data on Friday July 23 – Gold prices edged up on Tuesday and were set to break a four-day losing streak, as investors awaited U.S. economic data due later this week […]
Gold prices continued to climb to a new all-time high on Wednesday, driven by increasing optimism for an interest rate cut by the U.S. Federal Reserve in September and a weaker dollar boosting demand. As of 1402 GMT, spot gold rose 0.5 per cent to $2,480.75 per ounce, after reaching […]
Domestic brokerage house Motilal Oswal Financial Services (MOFSL) has revised its target price for silver, recommending a ‘buy on dips’ strategy. In a recent note, MOFSL set a new target price of ₹1,25,000 from a 12-15 month perspective, reflecting increased confidence in the precious metal’s performance. Silver, traditionally considered a […]
In a significant uptrend, the total number of Demat accounts surged to 16.2 crore in June 2024, according to a report by Motilal Oswal Financial Services. As per the report, new additions spiked by 42 lakh in June, marking the highest account opening rate since February 2024. This indicates a […]
Gold prices surged over 1 per cent, reaching their highest level in two weeks, on T. This increase was fueled by recent U.S. economic data indicating a slowdown in the world’s largest economy, which heightened expectations of interest rate cuts by the Federal Reserve later this year. At 10:04 a.m. […]
Gold prices rose marginally on Thursday as both the dollar and Treasury yields declined following optimistic U.S. economic data, fueling expectations that the Federal Reserve will likely implement interest rate cuts later this year. At 10:30 a.m. ET (1430 GMT), spot gold rose by 0.4 per cent to $2,348.36 per […]
Gold prices slumped on Wednesday due to a stronger dollar, rising bond yields, and hawkish remarks from a Federal Reserve official, which dampened market sentiment ahead of the U.S. inflation data release. By 10:00 a.m. ET (1400 GMT), spot gold had decreased by 0.7 per cent to $2,345.62 per ounce, […]
The brokerage firm Motilal Oswal (MOFSL) has revised upward potential target of gold to ₹81,000, while maintaining a positive bias on the precious metal. MOFSL, in its latest report, recommended ‘buy on dips’ approach on the yellow metal with advice to accumulate near ₹69,000. Meanwhile, the brokerage firm further advised […]