Gold surged past the $2,400 per ounce mark, hitting an unprecedented peak on Friday, marking its fourth consecutive week of gains. Escalating tensions in the Middle East spurred investors to flock to safe-haven assets. At 10:56 a.m. ET (1456 GMT), spot gold soared by 2.2 per cent to $2,424.32 perRead More →
Gold prices traded higher on Thursday, April 11, after softer-than-expected US producer prices data boosted hopes for US interest rate cuts this year, while persistent geopolitical concerns added to the yellow metal’s shine. Spot gold rose 0.3 per cent to $2,340.69 per ounce. Bullion prices had hit an all-time highRead More →
Gold and silver rates today: Despite the rise in the US dollar rates, gold and silver prices continue flirting with record highs throughout the week on US Fed rate cut buzz. Gold futures contract on the Multi Commodity Exchange (MCX) for June 2024 expiry climbed to a new peak ofRead More →
Gold prices surged to achieve a fresh all-time high on Friday, propelled by various factors such as expectations of a U.S. interest rate cut, speculative purchasing, and central bank acquisitions, sustaining the ongoing upward momentum of bullion despite robust job growth in the United States during March. As of 10:57Read More →
At 10:04 am EDT, spot gold was down 0.3 per cent at $2,291.88 per ounce, after hitting a record high of $2,304.09 earlier in the day. US gold futures declined 0.3 per cent to $2,308.30. Spot silver fell 1.2 per cent to $26.88 per ounce after hitting its highest sinceRead More →
Amid correction in the bullion metal prices, after hotter-than-expected US inflation and PPI print, the stock market and decentralized digital currency market have also fallen under the bears’ grip. Anuj Gupta, Head — Commodity & Currency at HDFC Securities talks to Asit Manohar of Mint and unveils triggers that mayRead More →
Gold prices declined on Tuesday, January 16, hurt by a strengthening US dollar and Treasury yields, as markets wait to hear remarks from several Federal Reserve officials this week to further gauge the central bank’s monetary policy path. Spot gold was down 0.8 per cent at $2,037.40 per ounce. USRead More →
Gold rate today: On account of US dollar hitting five-months low and US Fed rate cut buzz in 2024, gold price in spot market touched three-week high during morning deals in Asian stock markets. Spot gold price today opened at $2,077 per ounce levels and went on to touch intradayRead More →
Gold rate today: Ahead of US Fed meeting outcome expected late night today, gold price on Multi Commodity Exchange (MCX) opened flat during morning deals. MCX gold rate today opened at ₹61,196 per 10 gm levels and nosdived to intraday low of ₹61,085 levels within few minutes of commodity market’sRead More →
Gold rate today: On account of US dollar index nosediving to 10-week low after the release of soft US inflation data, gold prices witnessed some fresh buying in early morning deals on Wednesday. Gold future contract on Multi Commodity Exchange (MCX) for December 2023 expiry opened higher and went onRead More →
