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Gold and silver purchases began on a positive note on Saturday as the two-day Dhanteras festival kicked off, with jewellers anticipating a strong turnout both online and in stores despite record-high prices possibly cutting sales volumes by up to 15% compared with last year.Dhanteras, considered the most auspicious day in the Hindu calendar for buying…
Gold remains a key portfolio asset despite recent surges, and investors may still find opportunities to buy on dips, according to Michael Widmer, head of metals research at Bank of America.“Gold is overbought at the moment, but it is still underinvested,” Widmer told Bloomberg Television. “ETF inflows last month were up 880% year-over-year, and that…
Gold and silver prices in India softened on Dhanteras, providing some relief to buyers ahead of the festive season. Traditionally seen as an auspicious day to buy precious metals, this year’s Dhanteras comes with gold easing from its recent peaks.Today, 24-karat gold is priced at Rs 13,086 per gram, or Rs 1,30,860 for 10 grams,…
As gold and silver prices hover near record highs this festive season, investors face a familiar dilemma — whether to join the rally or wait for a correction. With geopolitical tensions, interest rate expectations, and dollar movements shaping global sentiment, the glitter of the yellow metal could turn volatile in the weeks ahead, feel experts.The…
Gold prices have rallied throughout 2025, rising almost 39% over the past year, weakening the prospects for festive selling. On Friday, just a day before Dhanteras, gold prices soared Rs 3,000 to record a new high at Rs 1,34,800 per 10 grams.Meanwhile, silver, after reaching a peak of Rs 1.76 lakh per kg on Wednesday,…
As the festive season begins, homes and markets across India are filling with excitement– lights are being hung, sweets are being made, and shopping lists are getting longer. At the heart of this pre-Diwali buzz is Dhanteras, a festival that holds deep emotional and cultural importance for families everywhere.Whether it’s a small silver coin or…
Facing record prices, most middle-class households are expected to stick to the custom of shagun (auspicious) buying. (AI image) Gold buying on Dhanteras 2025: It’s Dhanteras today and many people opt to buy gold for auspicious reasons. What should your gold buying strategy be and what are the top factors to keep in mind? Jateen…
Mumbai: The sharp rise in prices of gold in the last couple of years has barely dented enthusiasm among buyers of the yellow metal during the ongoing festive season. Across India, in the run up to Dhanteras, while the average size of each transaction of the yellow metal has come down, the rise in prices…
Mumbai: Gold reserves crossed the $100 billion mark for the first time in the week ended Oct 10, driven by a sharp rise in global prices even as the pace of purchases slowed this year. The value of gold holdings rose by $3.6 billion to $102.4 billion, while overall foreign exchange reserves fell by $2.2…
Gold prices slipped on Friday after hitting record highs above $4,300 an ounce, pressured by a stronger dollar and US President Donald Trump’s comments that his threatened high tariffs on China would not be “sustainable.”“It’s not sustainable. But that’s what the number is, it’s probably not, you know, it could stand, but they forced me…
