Mumbai, April 17 (IANS) The Indian currency strengthened by 25 paise to 92.95 against the US dollar in early trade on Friday, supported by easing pressure on the currency after the Reserve Bank of India (RBI) reportedly asked state-run oil refiners to use a special credit line instead of buying dollars.The domestic currency opened stronger after closing at 93.20 in the previous session, amid improved sentiment in local equities and hopes of easing geopolitical tensions.However, the currency rema…
Latest Gold Futures News & Updates
New Delhi, April 8 (IANS) The Indian rupee on Wednesday showed positivity for a fourth consecutive session against the dollar, tracking gains in global equities after the United States and Iran agreed to a two-week ceasefire, offering markets respite from turbulence driven by the West Asia conflict.The domestic currency rose 0.4 per cent to 92.61 against the dollar from its previous close of 93.This comes after US President Donald Trump announced a temporary ceasefire with Iran, easing geopoliti…
New Delhi, April 7 (IANS) Gold and silver prices showed volatility in Tuesday’s session amid geopolitical tensions following US President Donald Trump’s recent aggressive posts on Iran.On the Multi Commodity Exchange (MCX), gold futures (June 5) were trading at Rs 1,50,228, up Rs 247 or 0.16 per cent at 11:35 am.On the intraday front, the yellow metal rose as much as 0.32 per cent or Rs 493 to Rs 1,50,474. Earlier in the session, before 10 am, it was trading lower by 0.23 per cent or Rs 356 …
Mumbai, March 27 (IANS) Gold and silver prices surged on Friday, driven by safe-haven demand amid persistent uncertainty and fading hopes of de-escalation in the West Asia conflict.Gold futures for April 2 delivery jumped as much as 2.27 per cent, or Rs 3,167, to hit an intraday high of Rs 1,42,660 per 10 grams on the Multi Commodity Exchange (MCX) around 11:20 AM. The yellow metal was later trading at Rs 1,42,500, up Rs 3,007 or 2 per cent.During the session, gold touched an intraday low of Rs …
Mumbai, Feb 21 (IANS) Gold prices surged 0.23 per cent during the week, amid renewed buying interest due to global macro-economic factors, safe haven demand and lack of directional cues from the US Federal Reserve.On Friday, MCX gold February futures surged 0.07 per cent while MCX silver March futures added 4.41 per cent. Currently gold futures stand at Rs 1,56,993, while silver futures at Rs 2,52,042 per kg.The price of 10 grams of 24-carat gold was at Rs 1,54,080 on Friday down from Rs 1,54,48…
New Delhi, Jan 29 (IANS) Gold and silver prices surged to record highs on Thursday, amid a rise in geopolitical tensions following US President Donald Trump’s threat of military action against Iran.Strong buying demand, driven by central bank purchases and further weakening of the US dollar, also fuelled the rally.MCX gold February futures rose 5.99 per cent to Rs 1,75,885 per 10 grams around 10.45 am. Meanwhile, MCX silver March futures rose 4.24 per cent to Rs 4,01,699 per kg.International mar…