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The weakening of the dollar made bullion, which is priced in the greenback, more affordable for investors using other currencies. “For weeks, gold has been treated as a liquidity asset sold to cover volatility and margin calls elsewhere, but at current levels, it is now looking more like a value proposition for investors, which is…
Gold appears poised to extend its rally toward the 155,000 level in the upcoming sessions. (AI image) Gold and silver price prediction today: Gold and silver prices may sustain their up move in the coming sessions, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. MCX Gold Price Outlook On the weekly…
MUMBAI: The US move to send a 15-point proposal to Iran aiming at ending the war in West Asia, combined with a slowdown in hostilities between the warring nations on Wednesday sent oil prices sliding and precious metals rallying.In late trades on Wednesday, Brent was trading at $97.2/barrel, down 3% on the day. In the…
Spot gold, which had declined for nine consecutive sessions, is now stabilising at around USD 4,420 per ounce in international markets, supported by cautious optimism surrounding the Iran conflict, said Praveen Singh, Head of Commodities at Mirae Asset ShareKhan. He noted that US President Donald Trump had announced a five-day pause on strikes targeting energy…
Gold prices declined by over 2% on Monday, deepening their fall to nearly a four-month low, as intensifying tensions in the Middle East heightened concerns over inflation and reinforced expectations of tighter global interest rates. Spot gold dropped 2.5% to $4,372.86 per ounce as of 0238 GMT, marking its ninth straight session of losses. Earlier…
Precious metal prices may stabilise and witness a mild recovery next week after a steep correction, although the upside could remain capped due to elevated interest rates and a firm US dollar, analysts said.Market participants are expected to track key macroeconomic indicators, including provisional manufacturing and services PMI readings from the US, UK and Japan,…
MUMBAI: Precious metal prices crashed on Thursday after oil rallied to a near three-year high, raising inflation concerns and the US Federal Reserve maintained a status quo on rates. As a result, the price of gold on New York Commodity Exchange (Comex) crashed nearly 6% and was trading just above the $4,600/ounce (Oz) in late…
Gold, Silver Price Today Live: Gold, silver prices under pressure Gold and silver extended their decline on Thursday, pressured by mounting concerns over global inflation, according to Gaurav Garg, Research Analyst at Lemonn Markets Desk. He noted that escalating geopolitical tensions linked to the ongoing US-Iran conflict have heightened fears of disruptions to oil supplies,…
Gold price prediction: Rs 150,000 level is expected to act as a crucial support zone. (AI image) Gold and silver price prediction today: Gold prices may see some upside swing, while silver prices may move up to Rs 285,000, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. MCX Gold Price Outlook…
Prices of precious metals witnessed a recovery of up to 2% on Tuesday, with silver climbing by Rs 6,000 to reach Rs 2.62 lakh per kilogram, while gold advanced to Rs 1.61 lakh per 10 grams in the national capital, as per data from the All India Sarafa Association. Silver, the white metal, rose by…
