Latest Updates Around The World
After a four-hour delay in the start of trading on the MCX, gold and silver futures opened lower on Tuesday, extending their losses for the second straight session, tracking weakness in global markets and reducing demand for safe havens. On the Multi-Commodity Exchange (MCX), gold futures traded at Rs 1,18,864 per 10 gram in December, […]
The brilliance of silver ETFs is quickly fading. After a thrilling rally that sent domestic silver prices to record highs, the white metal’s shine has dulled. Silver ETFs have fallen nearly 19% since their October 15 peak as premiums relative to international prices evaporated. When markets reopen on Thursday evening after the Diwali break, investors […]
London: Silver fell more than 6% in the biggest drop in six months as the broad precious metals group retreated from a furious rally this week. The pullback came as concerns about US credit quality eased and trade frictions between China and the US hit demand for gold and silver at ports. President Donald Trump’s […]
Gold prices took a breather on Saturday and Sunday after hitting record highs ahead of Diwali, while jewelery stores across India witnessed a festive rush on Dhantera purchases. In the national capital, 24-carat gold fell by Rs 2,400 to Rs 1,32,400 per 10 gram on Saturday, according to the All India Sarafa Association, after hitting […]
On the festive occasion of Dhanteras, gold and silver prices in India witnessed a modest decline, providing some relief to buyers across the country. The price of 24-carat gold in India today stands at Rs 13,086 per gram, which translates to Rs 1,30,860 for 10 grams, according to Goodreturns data. Silver prices followed a similar […]
What’s happening in the raw materials world? Will the gold price rise next? To find out, ET Markets spoke to Anand Rathi’s Naveen Mathur, who explains what’s driving the currency and bullion markets amid global uncertainty and rate tensions. He also analyzes the recent movements in the dollar and rupee and highlights the key support […]
Precious metals are likely to continue to see support in the coming months, driven by strong central bank demand, shifts in US monetary policy and supply constraints, said Nilesh Shah, managing director of Kotak AMC. “…for precious metals, there is central bank demand for gold and industrial equipment, plus potential central bank demand for silver. […]
Gold and silver prices opened slightly lower on Thursday, with futures of gold on the MCX trading at Rs 1,22,700 per 10 grams and silver at Rs 1,48,423 per kilogram. The small pullback comes amid global volatility and profit booking, following the bullion’s strong rally to record highs earlier this week. Despite the dip, both […]
Amid a surge in gold prices, which continued its upward trajectory on Wednesday, hitting an all-time high of Rs 1,22,780 per 10 gram on the Multi Commodity Exchange (MCX) and surpassing $4,000 per ounce internationally, Rich dad, poor dad author Robert Kiyosaki reiterated his bullish stance on precious metals and digital assets. “Add to my […]
