Gold prices expected to rise towards record highs above $2,000 an ounce
Gold prices are expected to rise towards record highs above $2,000 an ounce this year, albeit with a little turbulence, as the United States slows the pace of rate hikes and eventually stops increasing them, according to industry analysts. Spot prices of the precious metal have shot above […]
Gold at over eight-month high on slower US Fed rate-hike prospects
By Seher Dareen(Reuters) – Gold prices scaled over an eight-month peak on Friday, holding above the key pivot of $1,900 per ounce, as cooling U.S. inflation raised hopes for slower interest rate hikes from the Federal Reserve.Spot gold rose 0.3 % to $1,902.64 per ounce by 9:33 a.m. ET (1433 […]
Gold scales 9-month high above key $1,900 level; highest since late April
By Kavya Guduru(Reuters) – Gold prices firmed above the key $1,900 level on Friday, hitting their highest since late April after a surprise decline in U.S. consumer prices boosted bets for slower Federal Reserve interest rate hikes.Spot gold was up 0.4% at $1,905.19 per ounce, as of 1008 GMT. The […]
Indian gold prices hit record high, dampening demand, say dealers
MUMBAI (Reuters) – Indian gold futures hit a record high on Friday, tracking gains in overseas market, but the price rise dampened demand in the world’s second biggest consumer of the precious metal, dealers said. Local gold futures rose to 56,245 rupees ($691.45) per 10 grams, surpassing the previous […]
Gold prices rise by Rs 330, selling at Rs 56,290; silver unchanged
Gold became dearer in Tuesday’s early trade while the price of silver remained unchanged. Ten grams of 24-carat gold was trading at Rs 56,290, after an increase of Rs 330. Silver was selling at Rs 71,800. 22-carat gold was selling at Rs 51,600 per 10 grams, according to […]
Gold declines Rs 153 amid fall in precious metal prices globally
Gold price in the national capital declined Rs 153 to Rs 55,650 per 10 grams on Friday amid a fall in precious metal prices globally, according to HDFC Securities. The yellow metal had ended at Rs 55,803 per 10 grams in the previous trade. Silver also fell […]
Gold prices rise, silver unchanged; yellow metal trading at Rs 55,960
The price of gold rose by Rs 210 on Friday, with 10 grams of the yellow metal (24-carat) trading at Rs 55,960. Silver prices, on the other hand, remained unchanged from yesterday’s close. The precious metal was selling at Rs 72,000 per kg. The price of 22-carat gold […]
Gold prices rise to mid-June highs as markets look to US Fed minutes
By Seher Dareen (Reuters) – Gold prices extended gains on Wednesday to touch their highest levels since mid-June, helped by a pull-back in the dollar and yields as markets awaited the release of Federal Reserve minutes for guidance on upcoming interest rate hikes. Spot gold was up […]
Gold trading at Rs 55,590 as rates rise in early trade, silver unchanged
Gold became dearer in Wednesday’s early trade while the price of silver remained unchanged. Ten grams of 24-carat gold is trading at Rs 55,590, after an increase of Rs 10, according to the GoodReturns website. Silver is selling at Rs 72,000. Ten grams of 22-carat gold is selling […]
The shine is back: Gold prices in India jump to highest in two years
Gold prices in India jumped to Rs 55,359 per 10 gram on Tuesday amid a rally in prices of the precious metal internationally, according to the Indian Bullion and Jewellers Association. Gold had hit record highs of Rs 55,901 in August 2020. The yellow metal had closed at Rs 54,942 […]