Mumbai, July 8 (IANS) Gold and silver prices traded lower on Wednesday amid rising geopolitical tensions in the Middle East after the US military launched fresh strikes on Iran.On the Multi Commodity Exchange (MCX), gold futures for the August 5 contract opened at Rs 1,45,200 per 10 grams, down Rs 192 from the previous close of Rs 1,45,392.At around 10:35 am, the yellow metal was trading at Rs 1,45,000 per 10 grams, down Rs 392 or 0.27 per cent.During the session so far, MCX gold touched an intr…
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Mumbai, July 7 (IANS) Gold and silver prices extended their losses for a second consecutive session on Tuesday, with both precious metals declining by up to 2 per cent amid weakness in global markets.On the Multi Commodity Exchange (MCX), gold futures (August 5) opened marginally lower at Rs 1,46,566 per 10 grams, down 0.23 per cent, or Rs 351, from the previous close of Rs 1,46,917.Selling pressure intensified later, with the yellow metal falling Rs 1,255, or 0.85 per cent, to Rs 1,45,662 at ar…
New Delhi, July 6 (IANS) Gold traded flat while silver slipped in early trade on Monday as softer crude oil prices reduced expectations of further interest rate hikes by the US Federal Reserve.On the Multi Commodity Exchange (MCX), gold futures (August 5) opened at Rs 1,47,135 per 10 grams, down Rs 243 or 0.16 per cent from the previous close of Rs 1,47,378.At around 11 am, the yellow metal was trading at Rs 1,47,177 per 10 grams, down Rs 200 or 0.14 per cent. It touched an intraday low of Rs 1,…
Mumbai, July 4 (IANS) Gold recorded its first weekly gain since May as trader expectations for further US Federal Reserve rate hikes moderated, pushing bullion prices around 3.1 per cent for the week.Soft US job numbers and lower energy prices led to investors reducing the expectations of monetary policy tightening.However, on Friday, MCX gold August futures eased 0.01 per cent while MCX silver July futures inched up 0.04 per cent. Currently, gold futures stand at Rs 1,47,365, while silver futur…
Mumbai, June 25 (IANS) Gold and silver showed volatility on Thursday, swinging between gains and losses amid expectations of further US Federal Reserve rate hikes and easing geopolitical tensions.On the Multi Commodity Exchange (MCX), gold futures (August) opened at Rs 1,40,672 per 10 grams, down Rs 598 or 0.42 per cent from the previous close of Rs 1,41,270.However, buying interest emerged later in the session, with the yellow metal rising Rs 719 or 0.50 per cent to touch an intraday high of Rs…
New Delhi, June 24 (IANS) Gold and silver prices traded almost 2 per cent lower on Wednesday amid concerns that higher global interest rates could weigh on demand for precious metals.On the Multi Commodity Exchange (MCX), gold futures (August) opened at Rs 1,45,000 per 10 grams, down Rs 1,528 or 1.04 per cent from the previous close of Rs 1,46,529.At around 12:10 pm, the yellow metal was trading at Rs 1,45,216, lower by Rs 1,313 or 0.9 per cent. During the session so far, it touched an intraday …
Mumbai, June 23 (IANS) Gold and silver prices witnessed weakness and declined up to 3 per cent on Tuesday as rising expectations of further US Federal Reserve rate hikes weighed on investor sentiment globally.On the Multi Commodity Exchange (MCX), gold futures (August) opened at Rs 1,46,776 per 10 grams, down Rs 1,412 or 0.95 per cent from the previous close of Rs 1,48,188.At around 12 pm, the yellow metal was trading at Rs 1,46,379, lower by Rs 1,739 or 1.17 per cent. During the session so far,…
Mumbai, June 12 (IANS) Gold and silver prices traded higher on Friday, with precious metals surging by up to 2 per cent amid hopes of a peace deal in the ongoing West Asia conflict.On the Multi Commodity Exchange (MCX), gold futures (August) increased as much as 1.11 per cent or Rs 1,668 to hit an intraday high of Rs 1,50,600 as of around 11:30 am.The yellow metal was trading at Rs 1,49,916, up 0.66 per cent or Rs 948. It touched an intraday low of Rs 1,49,569, a gain of 0.42 per cent or Rs 637 …
Mumbai, June 11 (IANS) Gold and silver prices traded lower on Thursday, with precious metals falling by up to 2 per cent amid escalating tensions in the West Asia conflict.On the Multi Commodity Exchange (MCX), gold futures (August) declined as much as 1 per cent or Rs 1,573 to hit an intraday low of Rs 1,46,444 as of around 12 pm.The yellow metal was trading at Rs 1,47,860, down 0.11 per cent or Rs 157. It touched an intraday high of Rs 1,48,089, up 0.04 per cent or Rs 72 from the previous clos…
New Delhi, June 10 (IANS) Gold and silver prices opened sharply lower on Wednesday over concerns of US Federal Reserve rate-hike fears.On the Multi Commodity Exchange (MCX), gold futures (August) dipped 1.51 per cent to Rs 1,50,140 per 10 grams at 12.15 pm on an intraday basis.On the other hand, silver futures (July) lost almost 1 per cent to Rs 2,36,239 per kg.The price of 10 grams of 24-carat gold was at Rs 1,48,429 on Wednesday, down from Rs 1,52,519 of the previous day’s market opening, acco…