Gold prices climbed over 1 per cent on Thursday, rebounding from a more than two-week low reached in the previous session, as the dollar weakened and attention turned to key U.S. inflation data for insights into the Federal Reserve’s policy direction. As of 1804 GMT, spot gold had increased by […]
gold and silver price
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. […]
The outcome of the 2024 Lok Sabha elections triggered a significant downturn in the Indian stock market, with the Nifty plummeting by 8.5% and the Sensex experiencing a nearly 6% decline. However, experts suggest a different scenario for gold. “The outcome of central elections typically doesn’t have directly influence commodities […]
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 seemed set for a second consecutive weekly gain on Friday, boosted by China’s stimulus measures and renewed optimism about U.S. interest rate cuts. Silver also surged past the $30 mark, reaching an 11-year high. By 1745 GMT, spot gold had increased by 1.5% to $2,412.83 per ounce, approaching […]
Gold rate on Multi Commodity Exchange (MCX) rose and Silver price jumped above 91,100 level tracking gains in international bullion prices amid interest rate cut hopes. MCX gold rate rose 0.05%, or by ₹39, to ₹73,750 per 10 grams on Friday. The yellow metal made a high of ₹73,782 and […]
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 […]
Gold rate in India ended flat on Friday, while the international gold prices witnessed their best week in five led by weaker US jobs data this week that reinforced hopes for interest rate cut by the US Federal Reserve. On Friday, MCX gold price ended 0.01% lower at ₹72,722 per […]
Ahead of the auspicious Akshaya Tritiya, silver is shining bright among other precious metals in the commodity market and is likely to outperform gold in the longer period, according to domestic brokerage house Motilal Oswal Financial Services Limited. According to recent data, gold and silver have experienced notable year-to-date (YTD) […]
Despite weaker-than-anticipated U.S. jobs data, gold plummeted to its lowest point in a month on Friday, continuing a correction phase following last month’s impressive surge. Investors opted to cash in profits amidst easing geopolitical tensions. As of 1521 GMT, spot gold witnessed a 0.4% decline, settling at $2,294.30 per ounce, […]