$5 trillion in gold? At record high prices, Indian gold could now exceed GDP

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 reaches $60 per ounce for the first time, gold rises in anticipation of the Fed’s interest rate decision

Gold rose on Tuesday as traders remained optimistic ahead of the US Federal Reserve’s interest rate decision, while silver rose to hit an unprecedented milestone of $60 an ounce as the white metal faced supply constraints. Spot gold rose 0.6% to $4,215.19 an ounce at 11:11 a.m. ET (1610 GMT). U.S. gold futures for February […]

Gold price stable at Rs 1.30 lakh. Will it break above the resistance at Rs 1.31 lakh given cautious global cues?

Gold prices in Delhi remained unchanged at Rs 1,30,770 per 10 gram for 24-carat purity on Wednesday, remaining steady even as global markets turned cautious ahead of key US economic data. 22-carat gold prices also remained stable at Rs 1,19,890 per 10 grams. In the retail market, 24-carat gold was worth Rs 13,099.06 per gram, […]

Gold prices rise by over Rs 1,000 on hopes of interest rate cuts, silver prices rise by Rs 1,900. What comes next?

Gold and silver prices opened in the green on Tuesday, rising as much as 1.2% on hopes of a Fed rate cut in December. December gold futures prices at MCX were trading Rs 1,070 or 0.86% higher at Rs 1,24,924/10 gram.Meanwhile, December silver futures contracts opened at Rs 1,56,380/kg, higher by Rs 1,898 or 1.23%. […]

Gold and silver prices are each falling more than 1% as hopes for Fed rate cuts weaken. Should you buy the dip?

Gold and silver prices fell in early trading on Tuesday, November 18, amid waning expectations for a US interest rate cut as investors await the release of delayed US economic reports this week. The lack of US data over the past six weeks, coupled with hawkish comments from several Fed officials, has dampened hopes for […]