New Delhi, April 11 (IANS) Gold prices rose 1.65 per cent during the week extending gains for their consecutive week, amid safe haven buying and weakened US dollar over easing inflation fears and the start of the US-Iran ceasefire negotiations.On Friday, MCX gold June futures added 0.02 per cent while MCX silver May futures inched up 0.01 per cent. Currently gold futures stand at Rs 1,52,690, while silver futures at Rs 2,43,300 per kg.The price of 10 grams of 24-carat gold was at Rs 1,50,327 on …
Latest Precious Metals News & Updates
New Delhi, April 10 (IANS) Gold and silver prices witnessed a decline of around 1 per cent on Friday on the Multi Commodity Exchange (MCX), as investors booked profits amid easing safe-haven demand.MCX gold declined 0.56 per cent to hit an intra-day low of Rs 1,52,561 per 10 grams, while silver futures (May 5) plummeted 0.7 per cent by logging an intraday low of Rs 2,42,067 per kg against the previous close.The yellow metal touched an intraday high of Rs 1,52,990, a decrease of 0.28 per cent or …
New Delhi, March 30 (IANS) Gold and silver prices witnessed sharp losses on Monday, tracking declines in global bullion markets amid fading hopes of a US Federal Reserve rate cut and rising inflation concerns.On the Multi Commodity Exchange (MCX), gold contracts for June 5 delivery opened 0.27 per cent lower at Rs 1,46,850 per 10 grams, as against the previous close of Rs 1,47,255. The yellow metal declined sharply during the session, falling as much as Rs 3,043, or 2.06 per cent, to hit an intr…
Mumbai, March 24 (IANS) Gold and silver prices witnessed a sharp decline on Tuesday, even as hopes of de-escalation in the West Asia conflict weighed on safe-haven demand after the US President announced a temporary pause on potential strikes targeting Iran’s energy infrastructure.On the Multi Commodity Exchange (MCX), gold futures (April 2) fell as much as Rs 2,576 or around 2 per cent to hit an intra-day low of Rs 1,36,684 per 10 grams by 10:40 am. The yellow metal was last trading at Rs 1,3…
Mumbai, March 22 (IANS) The Indian stock market ended the week on a cautious note, and experts believe global tensions, rising crude oil prices, currency pressure and movement in precious metals will be key factors shaping investor sentiment in the coming days.The benchmark indices, Nifty and Sensex, closed the week largely flat with a slight negative bias.While the first three trading sessions remained positive, a sharp sell-off on Thursday erased most of the gains, followed by a volatile sessi…
New Delhi, Feb 24 (IANS) The negotiations for the proposed free trade agreement between India and the Gulf Cooperation Council (GCC) were formally launched here on Tuesday with the signing of a joint statement by Commerce and Industry Minister Piyush Goyal and GCC Secretary General Jasem Mohamed Al-Budaiwi.”Amidst global uncertainties, it is most opportune that discussions are starting on negotiating a robust trading arrangement which would harness mutual synergies and complementarities,” Goyal …
Mumbai, Feb 11 (IANS) The combined assets under management (AUM) of gold and silver exchange‑traded funds (ETFs) touched record highs, crossing Rs 3 lakh crore in January, according to the data from the Association of Mutual Funds in India (AMFI).The surge marked a near‑threefold rise in five months from Rs 1 lakh crore in August 2025 driven by record investor inflows despite sharp price volatility.The expansion was accompanied by a sharp rise in folios as gold ETF folios surged to 1.14 cror…
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…
New Delhi, Jan 26 (IANS) In a dramatic rally, the gold prices have surpassed $5,000 an ounce, hitting another record high amid heightened global uncertainties.The safe-haven metal reached $5,026 an ounce in trading, as silver reached $102 an ounce for the first time. In January 2024, Gold stood at just above $2,000 an ounce.Precious metals continue to trade in a structurally strong bull market as we move deeper into 2026, with momentum firmly intact despite intermittent corrections and elevated …
Mumbai, Jan 23 (IANS) Indian equities are currently trading near multi-cycle relative lows compared with gold and silver and historically, such valuation divergences between financial and real assets have coincided with phases where diversification beyond pure equity exposure has helped investors preserve capital and manage volatility more efficiently, a report showed on Friday.Importantly, this does not signal a structural shift away from equities, but rather highlights the importance of balanc…