GOLD DEMAND
Gold gains on softer dollar ahead of US Fed minutes
Gold prices strengthened on Wednesday as the dollar eased after dovish comments from Federal Reserve Chair Jerome Powell, with investors now turning to minutes from the U.S. central bank's latest policy meeting to gauge future interest rate cuts.
Gold Price Today: Gold opens flat at Rs 71,689 per 10 gram, silver trades at Rs 89,867/kg
Gold and silver prices remain stable but cautious as markets await speeches from Fed Chair and ECB President. Manoj Kumar Jain predicts price volatility this week.
Gold prices may face headwinds from strong dollar, rising yields
Gold ended last week on a lower note, dropping to a two-week low due to a stronger dollar and higher bond yields, said Prathamesh Mallya, DVP- Research, Non-Agri Commodities and Currencies, Angel One. The dollar surged to a near two-month peak, making gold more expensive for non-dollar holders, while U.S. 10-year yields reached a near two-week high.
Gold holds ground on US rate-cut expectations
Amidst shifting economic indicators, precious metal prices reflect market uncertainties and investor sentiments influenced by global economic trends and policy decisions. The intricate balance between supply, demand, and macroeconomic factors drives strategic investment choices in the ever-changing financial landscape.
India gold buyers postpone their purchasing plans, keenly waiting to see if Modi government cuts import duty in Union Budget
BUDGET NEWS: Indian gold demand remains subdued due to high prices, with expectations of an import duty cut in the upcoming budget. Meanwhile, Chinese demand also declined. Domestic gold prices hovered near Rs 71,600 per 10 grams, down from a peak of Rs 74,442 last month. Dealers offered discounts up to $9 per ounce on official prices, including taxes. The market anticipates increased activity closer to the festival season in Q3
Gold prices hover near two-week low on firm dollar, yields
Gold prices reflect global economic uncertainties amidst discussions on interest rates by central banks, impacting market sentiments. The interplay between various economic indicators and policy decisions continues to shape the trajectory of gold as an investment choice.
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Gold gains on dollar retreat, focus on US inflation data
Gold prices rose on Monday, helped by a pullback in the dollar, while investors looked forward to U.S. inflation data due later this week that could offer more clarity on the Federal Reserve's monetary policy.
Gold Price Today: Yellow metal trades flat; silver down by Rs 2,400
MCX gold August futures fell by Rs 151 in June while silver MCX July futures dropped by Rs 6,390. Prices showed high volatility due to U.S. housing data and dollar index strength.
Gold prices edge higher as US Treasury yields soften
Gold prices rose on Monday as Treasury yields fell, with investors awaiting economic data and comments from Federal Reserve officials for clarity on interest rate cuts.
Fundamentals suggest silver prices have room for further upside
Gold prices surged above ₹90,000 per kg in India and $30 per ounce internationally due to bets on potential interest rate cuts amid signs of a weakening US economy. However, further confirmation of cooling inflation is awaited before any rate cut decision.
Gold Price Today: Yellow metal prices rise by Rs 700 this week, silver at Rs 91,420/kg
MCX August futures for gold started the week at Rs 72,693 per 10 grams, marking a gain of Rs 720 (1%). Meanwhile, MCX July futures for silver opened at Rs 91,420/kg, increasing by Rs 2,300 (2.6%) over the week.
Gold gains as soft US data lifts Fed rate cut bets
Gold prices rose on Tuesday following softer-than-expected U.S. retail sales data, boosting hopes of Federal Reserve rate cuts. Spot gold and U.S. gold futures also increased, influenced by lower Treasury yields and the declining dollar.
Gold slips as investors await clues on US rate cuts
Gold prices fell on Monday as the U.S. dollar held firm, while investors looked forward to economic data and comments from Federal Reserve officials for clarity on the rate cut timeline.
Gold inches lower as firmer bond yields dent appeal
Gold prices fell due to higher U.S. Treasury yields as investors awaited economic data to predict Federal Reserve's interest rate cuts.
Gold Price Today: Yellow metal dips by Rs 3,500 from all-time high, silver down by Rs 3,300 in June
Gold and silver prices on MCX reacted to market trends influenced by the USD index, Fed comments on inflation, jobless claims, and specific support and resistance levels, with buying recommendations for investors.
Gold Price Today: Yellow metal opens at Rs 71,489/10 gms, silver drops Rs 2,000/kg
Gold prices fell after three days of gains as investors reacted to the Federal Reserve's latest signals indicating only one interest-rate cut this year, instead of the three previously forecast.
Gold price movement: Fed action impact & what history suggests in a falling rate regime?
Gold investors await the outcome of the Federal Open Market Committee (FOMC) meeting for insights on the US Federal Reserve's interest rate cut impact. The European Central Bank and Bank of Canada have already reduced policy rates.
Gold Price Today: Yellow metal opens flat at Rs 71,547/10 grams; silver falls by Rs 6,800 in June so far
As investors awaited the US CPI data scheduled for later in the day, gold prices for August futures contracts on MCX began the day unchanged at Rs 71,547 per 10 grams. In contrast, MCX July silver contracts have experienced a decline of Rs 6,800 since the beginning of June, opening today at Rs 89,317 per kg.
Gold rush grips Asia despite near-record prices
Gold demand in Asia is increasing despite near-record high prices, driven by geopolitical and economic uncertainty. Spot gold trades over $2,300 per ounce, up 12% year-to-date, and 6% below the record high. Lower confidence in real estate and equities also fuels the demand.
Gold Price Today: China pulls plug on buying, yellow metal plunges Rs 1,200/10 gram, silver by Rs 3,300/kg
Gold prices fell on Friday due to Chinese central bank halting purchases after hitting record highs. According to analysts, the record rally in gold has been a trigger behind the move.
Silver continues to glitter, hits lifetime high of Rs 97,100 per kg
Silver prices hit a lifetime high levels of Rs 97,100 in the local market on Wednesday, while gold prices rose Rs 250 in line with strong trends in the overseas markets, according to HDFC Securities.
Gold loses momentum on ebbing rate cut speculation
Gold prices rose on Friday as the dollar slipped, but were heading for their worst week in five and a half months due to hopes of U.S. central bank interest rate cuts affecting Western investors' interest. Spot gold rose 0.2% to $2,332.77 per ounce as of 1:54 p.m. ET (1754 GMT) as the U.S. dollar index slipped 0.4%.
Gold demand expected to primarily revolve around festive period: Kavita Chacko, WGC
After a generally weak March and April, gold demand was resurgent ahead of and around the Akshaya Tritiya festival on 10 May. Considered one of the two most important days for buying gold traditionally, anecdotal evidence suggests that demand exceeded expectations, with strong activity observed in both urban and rural areas; some industry participants even hinting at record buying in value terms.
Gold Price Today: Yellow metal drops over Rs 600 per 10 grams; silver dips Rs 1800/kg
Gold Price Today: Gold and silver prices fluctuated with MCX June futures down 0.85% and July silver contracts down 1.9%. Gold rose 18% this year due to central-bank purchases and strong demand from Asia despite higher Treasury yields and hawkish comments from Federal Reserve officials. The US Dollar Index was near 104.67.
Gold heads for second weekly gain, silver hits 11-year high
Gold prices were on track for a second consecutive weekly gain on Friday due to improved interest rate cut expectations, providing support to silver which broke through the $30 milestone and hit an 11-year high.
Silver looks set to take over glitter from gold
Silver's relative underperformance to gold in the recent rally of both the precious metals and prospects of further gains in industrial metals globally could help silver gain as much as 15-20% from current levels, helping it cross the ₹100,000 per kilogram mark over a one-year horizon, said experts. The precious metal, also a key industrial input, is currently at ₹84,984 per kg on the MCX.
Soaring prices no bar, demand for gold rises 8% in March quarter
Demand for gold bars, coins, and jewellery increased in March quarter. Total gold demand rose due to rising investment interest, positive inflows in gold ETFs, and strong macroeconomic support in India.
Gold on track for weekly rise as Middle East risks loom
Gold prices held firm on Friday, on track for a fifth consecutive weekly rise, as fears of further tit-for-tat retaliation between Iran and Israel triggered safe-haven demand.
Gold eases as rate cut concerns counter geopolitical risks
Gold prices eased on Tuesday, as rising expectations of fewer U.S. rate cuts this year overshadowed safe-haven demand amid ongoing tensions in the Middle East.
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