Mumbai, Feb 2 (IANS) Gold and silver extended their decline on Monday, as hike in margin requirements are set to take effect on Chicago Merchantile Exchange (CME) in the US.MCX gold February futures fell 1.77 per cent to Rs 1,45,132 per 10 grams on an intra-day basis. Meanwhile MCX silver March futures dipped 6.88 per cent to Rs 2,47,386 per kg.Analysts said the free fall of gold and silver from their record highs started after the US President Donald Trump selected Kevin Warsh as the next US Fe…
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Mumbai, Jan 28 (IANS) Gold and silver prices continue to scale record highs on Wednesday, amid strong buying demand, weakening dollar, and rising geopolitical tensions, raising safe haven demand.MCX gold February futures rose 2.97 per cent to Rs 1,62,387 per 10 grams around 11.30 am. Meanwhile, MCX silver March futures rose 6.21 per cent to Rs 3,78,401 per kg.International markets also saw gold and silver touching records as caution grew due to ongoing policy uncertainty, fresh tariff threats, a…
Mumbai, Jan 27 (IANS) Gold and silver prices surged to record highs on Tuesday, amid persistent weakness in the US dollar and expectations of rate cuts by the US Federal Reserve.MCX gold February futures rose 1.48 per cent to Rs 1,58,343 per 10 grams. Meanwhile, MCX silver March futures rose 6.56 per cent to Rs 3,56,670 per kg.Earlier in the day, gold had peaked to Rs 1,59,820 per 10 grams, up 2.4 per cent, before profit-booking eased the price level.International markets also saw gold and silve…
New Delhi, Jan 23 (IANS) Gold and silver prices surged to record highs on Friday, as the US dollar weakened and geopolitical tensions surged over threats of US intervention in Iran.MCX gold February futures rose 1.23 per cent to Rs 1,58,261 per 10 grams around 11.25 am. Meanwhile MCX silver March futures rose 2.63 per cent to Rs 3,35,900 per kg.International markets also saw gold trading near historic highs, holding firm around the $4,951 zone after marking a fresh record at $4,967.The prior res…
Mumbai, Jan 19 (IANS) Gold and silver prices climbed to fresh record highs on Monday as investors sought safe‑haven assets after US President Donald Trump threatened new tariffs on several European countries over a dispute tied to Greenland.MCX gold February futures rose 1.68 per cent to Rs 1,44,905 per 10 grams, while MCX silver March futures rose 4.39 per cent to Rs 3,00,400 per kg.Spot gold rose over 1.6 per cent to $4,700 an ounce, before consolidating near $4,670, testing lifetime highs a…
Mumbai, Jan 13 (IANS) Gold and silver prices eased on Tuesday amid profit booking, after they surged to record high levels over worries of the US Justice Department’s action against the Federal Reserve Chair.MCX gold February futures eased 0.44 per cent to Rs 1,41,400 per 10 grams around 1.15 pm, while MCX silver March futures traded flat with a negative bias down 0.01 per cent at Rs 2,68,926 per kg.The price of 10 grams of 24-carat gold was at Rs 1,40,482 down from Rs 1,40,499 of previous day’s…
Mumbai, Jan 12 (IANS) Gold and silver prices touched record highs on Monday as markets reacted to the US Justice Department’s escalation of tensions with the Federal Reserve and intensifying protests in Iran that heightened geopolitical risks.MCX gold February futures surged 1.46 per cent to Rs 1,40,838 per 10 grams, while MCX silver March futures rose 3.66 per cent to Rs 2,61,977 per kg.Spot gold price surged 1.45 per cent at $4,575.82 an ounce, after hitting a fresh record high of $4,601.17 le…
New Delhi, Jan 6 (IANS) The price of gold and silver continued to surge on Tuesday amid elevated geopolitical uncertainty, and expectations of global monetary easing.Threats from the US President Donald Trump to Colombia, Cuba, and Mexico alleging drug shipments boosted the safe haven demand of precious metals.MCX gold February futures surged 0.35 per cent to Rs 1,38,600 per 10 grams around 1:30 pm, while MCX silver March futures rose 1.49 per cent to Rs 2,49,820 per kg, nearing the record high …
Mumbai, Dec 30 (IANS) Precious metals showed signs of reversal in domestic market on Tuesday after it retreated sharply, with gold and silver falling from record highs in the earlier session.MCX gold February futures rose 0.59 per cent to Rs 1,35,744 per 10 grams, while MCX silver March futures jumped 4.08 per cent to Rs 2,33,700 per kg.In global markets, spot gold fell 4.5 per cent on Monday to $4,330.79 an ounce, while US gold futures for February delivery settled 4.6 per cent lower at $4,343….
Mumbai, Dec 29 (IANS) Silver prices in global markets retreated sharply after touching fresh intraday records of $84 per ounce in the spot market on Monday.The white metal slipped as much as 8 per cent from its peak due to strong profit booking, snapping what could have been a seventh consecutive day of gains.March silver futures on MCX was trading up 4.22 per cent intraday (as of 10.10 am), at Rs 2,49,282 per kilogram. Globally, the futures had surged to an intraday high of $82.67 an ounce in e…