Mumbai, July 24 (IANS) Gold and silver prices traded lower on Friday, with both precious metals falling by up to nearly 1 per cent as stronger US dollar and escalating geopolitical tensions in the Middle East weighed on investor sentiment.On the Multi Commodity Exchange (MCX), gold futures for August delivery opened at Rs 1,42,392 per 10 grams, down 0.30 per cent from the previous close of Rs 1,42,821 per 10 grams.At around 12 pm, the yellow metal fell as much as Rs 1,079 or 0.75 per cent to an …
Latest COMEX Gold News & Updates
Mumbai, July 18 (IANS) MCX Gold and Silver are expected to remain volatile in the near term as investors assess geopolitical developments in the Middle East, movements in crude oil prices, and the US Federal Reserve’s policy outlook, according to market analysts.Analysts said MCX Gold ended the week on a negative note but managed to stabilise around the key psychological support level of Rs 1,40,000.They believe a decisive break below this level could accelerate selling pressure and drag prices …
Mumbai, July 11 (IANS) Gold prices dipped 1.47 per cent on a weekly basis as minutes from the Federal Reserve’s latest policy meeting reinforced expectations of higher‑for‑longer interest rates.However, on Friday, MCX gold August futures were flat while MCX silver July futures inched up 0.01 per cent.At the last close, gold futures stand at Rs 1,43,480, while silver futures at Rs 2,22,680 per kg.The price of 10 grams of 24-carat gold was at Rs 1,43,368 on Friday down from Rs 1,45,512 seen …
New Delhi, June 27 (IANS) Gold prices dipped 4.63 per cent during the week, marking the fourth consecutive weekly decline amid a stronger dollar and persistent expectations of higher US interest rates.On the Multi Commodity Exchange (MCX), gold futures (August) gained 0.75 per cent on Friday, while silver futures (July) surged more than 1 per cent after US inflation data tempered immediate concerns about a Federal Reserve rate hike.Currently, gold futures stand at Rs 1,44,199 and silver futures …
New Delhi, May 30 (IANS) Gold prices dipped 1.36 per cent during the week as a stable dollar and stronger‑than‑expected US inflation data reinforced expectations that the US Federal Reserve may raise interest rates later this year.On Friday, MCX gold June futures dipped 0.59 per cent while MCX silver May futures lost 0.94 per cent. Currently, gold futures stand at Rs 1,56,000, while silver futures at Rs 2,67,000 per kg.The price of 10 grams of 24-carat gold was at Rs 1,56,463 on Friday down …
Mumbai, May 25 (IANS) Gold and silver prices traded higher on Monday, rising up to nearly 2 per cent, supported by a weaker US dollar and softer crude oil prices as investors assessed prospects of progress in US-Iran peace negotiations.On the Multi Commodity Exchange (MCX), gold futures (June 5) were trading 0.36 per cent or Rs 566 higher at Rs 1,59,245 at 10:48 am.The yellow metal touched an intraday high of Rs 1,59,500, up 0.51 per cent or Rs 821 from the previous close of Rs 1,58,679. It reco…
New Delhi, May 9 (IANS) Gold prices rose 1.83 per cent during the week over persistent geopolitical uncertainty and volatile crude prices.On Friday, MCX gold June futures gained 0.04 per cent while MCX silver May futures surged 1.34 per cent. Currently gold futures stand at Rs 1,52,589, while silver futures at Rs 2,61,999 per kg.The price of 10 grams of 24-carat gold was at Rs 1,51,078 on Friday up from Rs 1,48,357 seen on Monday market opening, according to data published by the India Bullion a…
New Delhi, April 25 (IANS) Gold prices dipped 0.34 per cent during the week after precious metals came under corrective pressure due to profit booking.On Friday, MCX gold June futures gained 0.61 per cent while MCX silver May futures inched up 1.39 per cent. Currently gold futures stand at Rs 1,52,683, while silver futures at Rs 2,44,877 per kg.The price of 10 grams of 24-carat gold was at Rs 1,51,479 on Friday up from Rs 1,52,002 seen on Monday market opening, according to data published by the…
New Delhi, April 3 (IANS) Global crude oil prices rose on Friday after US President Donald Trump warned of possible military strikes on Iran within two to three weeks, stoking fresh concerns over supply disruptions from the West Asia region.Brent crude futures traded at $109.24 per barrel, up 8 per cent, while US West Texas Intermediate (WTI) futures were at $111.54 per barrel by 3:39 am (local time).Till Friday, US WTI futures jumped 11.94 per cent from the previous Friday’s close during the we…
New Delhi, March 28 (IANS) Gold prices gained 5.77 per cent during the week, amid sustained geopolitical tensions and pull back in crude oil prices.On Friday, MCX gold April futures added 0.15 per cent while MCX silver May futures declined 0.09 per cent. Currently, gold futures stand at Rs 1,44,500, while silver futures at Rs 2,27,750 per kg.The price of 10 grams of 24-carat gold was at Rs 1,42,942 on Friday, up from Rs 1,35,141 seen on Monday market opening, according to data published by the I…