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 […]
Gold has had a dream run in the past year, with prices almost doubling. The price rose almost 60% year-on-year in the December quarter. On MCX, gold was recently trading around Rs 1,58,500 per 10 grams. Is Jewelry Demand Slowing as Gold Climbs Higher? And if investors want to buy, should they look at gold […]
The S&P 500 and Nasdaq swung between gains and losses on Monday as markets absorbed a sharp sell-off in precious metals at the start of a week of corporate earnings and major economic data.Gold fell as much as 6% and silver tumbled 10% before recouping some losses after commodity exchange CME Group raised margin requirements […]
Gold fell more than 4% on Thursday as investors took profits after hitting a record high, but prices still remained on track for their best month since the 1980s amid heightened economic and geopolitical uncertainty.Gold was 4.6% lower at $5,149.99 an ounce at 10:48 a.m. ET (1548 GMT), having previously reached $5,594.82. U.S. gold futures […]
That of the US Federal Reserve January 23 decision Supporting the embattled Japanese yen is believed to be responsible for gold’s historic price rise above the US$5,000 per ounce level. The New York Federal Reserve reportedly carried out a “rate check” on currency traders regarding the exchange rate between the US dollar and the Japanese […]
Benchmark indices Nifty and Sensex ended the first session of the holiday-shortened week on a strong note on Tuesday after the trade deal between India and the European Union lifted sentiments.Sensex ended Tuesday’s session 319.78 points or 0.39% higher at 81,857.48, while the Nifty50 rose 126.75 points or 0.51% to 25,175.40. Prime Minister Narendra Modi […]
Businesswoman counting money, calculating the exchange rate of Indian rupee money as return on financial investment at the table in her office indoors. | Photo credit: iStockphoto With the price of gold reaching an all-time high, banks are seeing a huge increase in demand for gold loans. According to RBI data, outstanding loans against gold […]
London: The price of safe-haven gold crossed $5,000 on Sunday to hit a record, amid rising global uncertainty and unrest caused by US President Donald Trump’s policies.Gold reached $5,026 an ounce in trading after sister metal silver shot past $102 an ounce for the first time on Friday. While turbulence over Trump’s ambitions for Greenland […]
Silver prices rose above $100 an ounce for the first time on Friday, while gold hit another record on the way to $5,000/oz as investors flocked to safe-haven assets amid geopolitical turmoil and expectations for the US. interest rate cuts.Spot silver rose 4.05% to $100.1 an ounce by 1547 GMT. The metal has risen more […]
After gold prices hit an all-time high of $4,880 an ounce earlier this week and will rise nearly 70% through 2025, domestic brokerage SAMCO Securities has set a long-term target of around $7,040, indicating significant upside potential as the current cycle unfolds.The broker said the new peak confirmed the strength of gold’s underlying technical structure […]
