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Rising production costs are putting pressure on consumer goods makers, but many are choosing to delay price hikes amid fears that any upward revision could trigger government action following the latest GST reductions.Executives from major firms in categories such as soaps, biscuits, detergents, automobiles and consumer electronics said they plan to approach the government and…
Representative image credits: IANS Bitcoin fell sharply on Friday, closing at $80,553, while ether also hit a four-month low, as cryptocurrencies led a sell-off in riskier assets. Analysts warned that dropping below $80,000 could bring even bigger losses for the world’s largest digital currency.The decline comes amid investor concerns about expensive tech stocks and uncertainty…
Gold and silver prices retreated in Friday’s futures trade after robust US employment data reduced expectations of a December interest rate cut by the Federal Reserve. A stronger dollar also weighed on bullion, pulling both metals lower in domestic and global markets.On the Multi Commodity Exchange (MCX), gold futures for December delivery slipped Rs 355,…
A sustained move below ₹1,22,200 may trigger extended selling pressure in the upcoming session. (AI image) Gold price prediction today: Gold prices are showing an intraday weakening bias, and traders should look to sell on rise, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. Here is his strategy for gold investors:Gold…
Gold and silver prices declined in Thursday’s futures trade as investors pared positions after the US Federal Reserve’s latest meeting minutes signalled continued caution over interest rate cuts.On the Multi Commodity Exchange (MCX), gold futures for December delivery slipped by Rs 511, or 0.42%, to Rs 1,22,540 per 10 grams in a turnover of 10,456…
The broader outlook remains constructive, traders should stay vigilant and responsive to global macro developments. (AI image) Gold and silver price prediction today: Gold prices may move towards Rs 1,27,000 levels in the near term, though investors should watch out for a stop loss level of Rs 1,22,000, says says Abhilash Koikkara, Head – Forex…
Gold prices recovered in Wednesday’s futures trade after three straight sessions of losses, as traders engaged in value buying ahead of the release of the US Federal Reserve’s meeting minutes.On the Multi Commodity Exchange (MCX), December gold futures rose by Rs 674, or 0.55%, to Rs 1,23,314 per 10 grams in 10,726 lots. The February…
Gold prices recovered in Wednesday’s futures trade after three straight sessions of losses, as traders engaged in value buying ahead of the release of the US Federal Reserve’s meeting minutes.On the Multi Commodity Exchange (MCX), December gold futures rose by Rs 674, or 0.55%, to Rs 1,23,314 per 10 grams in 10,726 lots. The February…
Expectations remain for Gold to trade in a broad range of $3,880 – 4,150 per oz on a weekly basis. (AI image) Gold price prediction today: Gold prices could trade sideways in the coming days, though the broader upward trend is still in place, says Maneesh Sharma, AVP – Commodities & Currencies, Anand Rathi Shares…
Gold and silver prices declined sharply on Tuesday, marking the third straight session of losses as diminishing expectations of a US Federal Reserve rate cut in December weighed on investor sentiment. On the Multi Commodity Exchange (MCX), December gold futures slipped Rs 1,807, or 1.47 per cent, to Rs 1,21,120 per 10 grams, while the…
