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Gold prices extended losses for the fifth consecutive session on Tuesday, even as retail rates in major cities moved higher. Gold contracts for April delivery on the Multi Commodity Exchange (MCX) fell by Rs 2,260, or 1.62 per cent, to Rs 1,37,000 per 10 grams, amid continued uncertainty over geopolitical developments in the Middle East.Analysts…
Gold has corrected significantly by 19% globally and 17% in rupee terms. (AI image) Gold prices crash and how! The unprecedented rise in gold prices over the last few quarters has come to a halt – for now. In fact, gold prices have been on a crashing spree for the last two months, and the…
As tensions in the Middle East stretch into their fourth week, shockwaves are now being felt across global markets and gold is no exception. The precious metal has taken a sharp hit, tumbling to its steepest weekly fall in nearly four decades, with prices reaching $4,354 per ounce.The fall marks a swift retreat from levels…
Gold prices witnessed a sharp fall in futures trade on Thursday, tracking weak global cues and a stronger US dollar. According to PTI, gold contracts for April delivery on the Multi Commodity Exchange dropped by Rs 3,616, or 2.36 per cent, to Rs 1,49,409 per 10 grams in a turnover of 7,387 lots.Analysts said the…
NEW DELHI: : WPI inflation inched up in Feb, led by rise in food and mineral product prices. Experts said elevated energy prices triggered by West Asia conflict could exert upward pressure. Inflation, as measured by wholesale price index rose annual 2.1% in Feb, higher than previous month’s 1.8%. Source link
Gold and silver metals inched higher on Monday, on the back of strong safe-haven demand from investors amid ongoing geopolitical tensions intensifying in the Middle East. The yellow metal rose by Rs 7,000 per 10 grams to Rs 1.66 lakh while silver inched to Rs 2.86 lakh, recording a gain of Rs 20,000 per kg….
Gold prices on Thursday declined in the futures market, amid a fall in spot demand. Gold contracts for April delivery on the Multi-Commodity Exchange fell by Rs 539, or 0.33 per cent, to Rs 1,60,606 per 10 grams, with a business turnover of 647 lots. According to news agency PTI, analysts attributed the fall to…
Gold prices declined more than 1 per cent in the futures trade on Tuesday amid easing safe-haven demand, improving geopolitical sentiment and a firm US dollar.On the Multi Commodity Exchange (MCX), gold for April delivery fell by Rs 2,228, or 1.44 per cent, to Rs 1,52,532 per 10 grams in a business turnover of 7,553…
MUMBAI: Last month’s unprecedented rally in gold and silver helped net inflows into exchange traded funds (ETFs) for these two precious metals to outpace net inflows into equity funds for the first time ever. In Jan, compared to net inflows of about Rs 33,000 crore in gold and silver ETFs together, net inflows in equity…
Silver prices fell sharply by Rs 7,500, or nearly 3 per cent, to Rs 2.64 lakh per kilogram in the national capital on Tuesday, while gold moved in the opposite direction, rising Rs 2,200 per 10 grams amid a firm US dollar.According to the All India Sarafa Association, silver dropped to Rs 2,64,500 per kg…
