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Gold prices edged lower on Thursday, with the February contract slipping Rs 580, or 0.43%, to Rs 1,34,314 per 10 grams, as weak global cues weighed on precious metals, analysts said. In overseas markets, Comex gold futures for February delivery declined by $12.6, or 0.29%, to $4,361.3 per ounce, while silver futures for March 2026…
Gold and silver prices moved in opposite directions on the Multi Commodity Exchange (MCX) on Wednesday, with silver scaling fresh record highs while gold edged lower after an early uptick.Gold futures traded lower after opening on a positive note. The February delivery contract fell by Rs 359, or 0.27%, to Rs 1,34,050 per 10 grams,…
Gold prices declined in futures trade on Tuesday as traders booked profits and turned cautious ahead of the outcome of the US non-farm payrolls report, which is expected to offer fresh cues on the US Federal Reserve’s interest rate path. On the Multi Commodity Exchange (MCX), gold futures for February delivery slipped by Rs 341,…
Gold prices surged to a fresh all-time high in futures trade on Monday, rising Rs 1,874 to Rs 1,35,496 per 10 grams, supported by strong cues from global markets. On the Multi Commodity Exchange (MCX), February gold contracts climbed 1.4%, extending their weekly gains to Rs 3,160, or 2.42%. The rally mirrored firm trends overseas,…
Tom Moody, Desert Vipers Director of Cricket, believes the ILT20’s biggest success lies in accelerating UAE’s domestic talent. He stressed that smart auctions are about needs, not wants, highlighted the evolution of coaching with changing players, and urged cricket’s governing bodies to protect Test cricket amid franchise growth — even if that means exploring four-day…
After the Reserve Bank of India (RBI) reduced the repo rate by 25 basis points last week, several major banks have moved to pass on the benefit to borrowers. Latest addition to the wave is the State Bank of India (SBI), which announced cuts across its lending rate benchmarks, in a move aimed at easing…
MUMBAI: State Bank of India has cut rates on select deposits and reduced lending benchmarks. The move follows the 25 bps reduction in policy rate. The revised rates come into effect from Dec 15. The bank has cut the rate on its 444-day deposit from 6.6% to 6.5%.SBI has cut rates on select deposits and…
Gold extended its rally on Friday, with February futures on the MCX trading at Rs 1,33,918 per 10 grams, a rise of more than 1% or Rs 1,449. The metal continued to gain after hitting a seven-and-a-half-week high, supported by the US Federal Reserve’s 25-basis-point rate cut. A day earlier, the February gold contract had…
NEW YORK: After three consecutive interest rate cuts, investors now confront an uncertain US monetary policy outlook for the year ahead, clouded by persistent inflation, data gaps, and an impending leadership change at Federal Reserve.The US Federal Reserve cut interest rates by a quarter-percentage point on Wednesday in an uncommonly divided vote, but signaled it…
The US Federal Reserve is expected to cut interest rates on Wednesday as policymakers grapple with gaps in economic data caused by the recent govt shutdown and work through competing views about the risks facing the economy. The anticipated quarter percentage point cut may come with a non-committal approach to next year’s rate path given…
