Latest News, Updates & Breaking Headlines
MUMBAI: Silver appears to be the new gold – not just because its price has skyrocketed, but consumers are looking at it as an investment avenue, sparking demand for silver bars and coins at jewellery stores. Such is the rush that Jaipur’s Amrapali Jewels has now started selling silver bars to consumers on request. “Silver…
Gold prices are expected to extend their upward trend in the coming week, supported by safe-haven buying and expectations of policy easing by the US Federal Reserve, while silver may see a phase of consolidation after its recent sharp rally, analysts said.According to news agency PTI, market participants will closely track a series of global…
China has pushed its holdings of US government debt down to their lowest level in nearly two decades, underscoring a steady recalibration of its foreign exchange reserves away from dollar assets and towards gold and overseas investments amid strained ties with Washington, PTI reported.Data released by the US Department of the Treasury shows that China’s…
Gold is gold! The precious metal is reaching new heights everyday. Considering its worth, the jewellery made of gold is timeless, expensive, and often holds emotional values. However, with regular use, even pure gold items can lose their luster because of body oils, sweat, cosmetics, and pollution too. While professional cleaning is suggested, it is…
India’s foreign exchange reserves rose by $392 million to $687.19 billion in the week ended January 9, data released by the Reserve Bank of India (RBI) showed on Friday, PTI reported.The increase comes after a sharp decline in the previous reporting week, when the overall reserves had fallen by $9.809 billion to $686.80 billion.According to…
Gold prices edged lower in the domestic market on Friday, with profit-taking setting in after bullion retreated from record levels in overseas trade amid a firmer US dollar. On the Multi Commodity Exchange (MCX), gold futures for the February contract fell Rs 520, or 0.36 per cent, to Rs 1,42,601 per 10 grams, with volumes…
Stage is set for a corrective move, making higher levels vulnerable to selling pressure during the session. (AI image) Gold price prediction today: Gold may see some profit booking having rallied strongly, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities.Gold futures on MCX are trading near ₹1,42,530 after an extended rally,…
Gold prices climbed to a fresh lifetime high in the domestic market on Thursday amid sustained buying by jewellers and stockists, according to the All India Sarafa Association.Gold advanced by Rs 800 to hit a new peak of Rs 1,47,300 per 10 grams (inclusive of all taxes), extending gains for the fifth consecutive session. The…
Gold price prediction: From a weekly perspective, the 139,000 level remains a key support area, marking the lower boundary of the consolidation range. (AI image) Gold and silver price prediction: Gold and silver prices are expected to continue hitting new highs, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. He shares…
Mumbai: Metal prices are on a tear globally as geopolitical tensions, rising chances of a rate cut in the US, higher demand from some of the fast-growing industries like EV, solar and semiconductors for these metals, and expectations of higher demand from China have added to the tailwinds.On Wednesday, silver crossed the $90-per-ounce (Oz) mark…
