Latest Updates Around The World
A group of smaller private and PSU banks with sizeable gold loans are turning the gold boom into a balance sheet bonanza, while rising prices and a surge in secured credit demand are boosting growth, margins and asset quality.In the December quarter, CSB Bank led the pack with gold loans constituting a whopping 51% of […]
Shares of retailer Kalyan Jewelers India hit the 10% upper limit on BSE, rising to Rs 417.75 after the jeweler’s blockbuster third-quarter profit triggered a flurry of bullish brokerage calls with price targets as high as Rs 750, a potential upside of 80% from current levels.The shares remained stuck after the company reported a staggering […]
Gold prices breached the $5,000 mark for the first time even as Indian commodity markets remained closed on Monday (January 26) for Republic Day, hitting an intraday high of $5,091.5 per ounce in international markets.The yellow metal rose 2.2%, or $111 an ounce, in early trading as renewed safe-haven demand pushed gold past a key […]
India’s legendary love affair with gold has reached an extraordinary milestone. With spot gold hitting new all-time highs above $4,500 per ounce in the international market, household gold reserves in the country may have crossed the $5 trillion mark, making the glittering stock worth more than India’s entire gross domestic product (GDP).A Morgan Stanley report […]
Silver stole the spotlight on Monday as prices on the futures market soared to new record highs. The March silver contract rose sharply by Rs 14,000, or 5.7%, to hit a new peak of Rs 2,54,174 per kilogram. Notably, this was the first time silver breached the Rs 2.50 lakh level in the Indian futures […]
Gold has staged a spectacular rally in recent weeks, breaking records in both global and domestic markets. Internationally, spot prices rose above US$4,370 per ounce, marking an all-time high as investors flocked to the yellow metal amid dovish central bank signals, geopolitical tensions and continued demand for safe havens. In India, the impact was even […]
Gold and silver prices fell in early trading on Monday, November 17, as investors booked profits following a sharp global rally this year and hawkish comments from the US Federal Reserve, which dampened expectations of a rate cut in December. On the Multi Commodity Exchange (MCX), gold futures for December delivery fell by Rs 420 […]
Gold is rising like it’s 1979, and stocks are rising like it’s 1999, and investors are wondering how two historically opposite assets can rise together. Ruchir Sharma, in a column for the Times of India, pointed to a single culprit: a global flood of liquidity that is raising both ships simultaneously, fueling record flows into […]
Precious metals hit record highs again, posting gains for the ninth straight week. Gold ($4,254/ounce) rose 5.9 percent and silver ($51.90/ounce) rose 3.2 percent. In the domestic market, gold futures (₹1,27,008/10 gram) and silver futures (₹1,56,604/kg) rose 4.7 percent and 6.9 percent respectively. MCX-Gold (₹1,27,008) Gold futures hit an all-time high of ₹1,32,294 on Friday […]
Global Investment Bank Goldman Sachs has raised its gold price forecast for December 2026 to $ 4,900 per ounce, compared to the earlier estimate of $ 4,300, in the midst of strong intake in listed funds (ETFs) and expectations of ongoing central bank purchase. According to a report from Reuters, Goldman noted that risks for […]
