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Hindustan Times
27-05-2025
- Business
- Hindustan Times
Gold snaps 4-day winning streak; declines ₹800 to ₹98,500
Gold prices declined ₹800 to ₹98,500 per 10 grams, bringing an end to its four-day rally, in the national capital on Tuesday amid a fall in precious metal rates globally, according to the All India Sarafa Association. The yellow metal of 99.5 per cent purity depreciated ₹800 to ₹98,000 per 10 grams (inclusive of all taxes). It had closed at ₹98,800 per 10 grams in the previous market session. Additionally, silver prices plunged ₹1,370 to ₹99,000 per kg (inclusive of all taxes) on Tuesday. The white metal had settled at ₹1,00,370 per kg on Monday. On the global front, spot gold slipped by USD 45.03 per ounce or 1.35 per cent to USD 3,296.92 per ounce. "Gold is trading below USD 3,350 per ounce, weighed down by Brussels' push to accelerate trade negotiations with the US, reducing demand for safe-haven assets," Kaynat Chainwala, AVP-Commodity Research at Kotak Securities, said. Investors are now focused on upcoming US Durable Goods Orders and Consumer Confidence data later in the day for further insights into the economic outlook amid persistent tariff and inflation concerns, Chainwala added.
The Print
30-04-2025
- Business
- The Print
Gold prices decline by Rs 900 to Rs 98,550/10 g in Delhi on Akshaya Tritiya
Gold of 99.5 per cent purity declined Rs 900 to Rs 98,100 per 10 grams from the previous close of Rs 99,000 per 10 grams. The precious metal of 99.9 per cent purity had closed at Rs 99,450 per 10 grams on Tuesday. New Delhi, Apr 30 (PTI) Gold prices declined by Rs 900 to Rs 98,550 per 10 grams in the national capital on Wednesday amid a weak trend in international markets, according to the All India Sarafa Association. However, increased buying by consumers on Akshaya Tritiya, which is considered an auspicious day for buying gold, jewellery and other valuables, capped the decline in gold prices. Jewellers expect around 35 per cent increase in sales in value terms this year, mainly due to high prices, on the Akshaya Tritiya festival compared to last year. Gold prices ruled at Rs 72,300 per 10 grams on Akshaya Tritiya in 2024 which fell on May 10. In volume terms gold sales are expected to remain flat at 20 tonnes, say jewellers. Silver prices slumped Rs 4,000 to Rs 98,000 per kg against the previous close of Rs 1,02,000 per kg on Tuesday. In the overseas market, spot gold dipped USD 43.35 or 1.31 per cent to USD 3,273.90 per ounce. Spot silver was quoted 1.83 per cent lower at USD 32.33 per ounce. 'Gold extended its decline after US President Donald Trump signed an executive order aimed at softening the impact of his auto tariffs and cited progress in trade negotiations with several countries,' Kaynat Chainwala, AVP-Commodity Research, Kotak Securities, said. Additionally, US Commerce Secretary Howard Lutnick suggested that the Trump administration had reached its first trade agreement, though he declined to reveal details, saying the deal was awaiting approval from the other country involved. Meanwhile, the most-traded June contract for gold futures plunged Rs 1,639 or 1.71 per cent to trade at Rs 93,953 per 10 grams on the Multi Commodity Exchange. 'Traders will closely watch key US macroeconomic releases later this week, including the first estimate of Q1 GDP, Personal Consumption Expenditures (PCE) inflation data, and April jobs figures,' Abans Financial Services' Chief Executive Officer Chintan Mehta said. These indicators could offer fresh insights into the Federal Reserve's next moves and the broader economic outlook, Mehta added. PTI HG MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Economic Times
30-04-2025
- Business
- Economic Times
Gold prices decline by Rs 900 to Rs 98,550/10 g in Delhi on Akshaya Tritiya
Gold prices declined by Rs 900 to Rs 98,550 per 10 grams in the national capital on Wednesday amid a weak trend in international markets, according to the All India Sarafa Association. The precious metal of 99.9% purity had closed at Rs 99,450 per 10 grams on Tuesday. ADVERTISEMENT Gold of 99.5% purity declined Rs 900 to Rs 98,100 per 10 grams from the previous close of Rs 99,000 per 10 grams. However, increased buying by consumers on Akshaya Tritiya, which is considered an auspicious day for buying gold, jewellery and other valuables, capped the decline in gold prices. Jewellers expect around 35 per cent increase in sales in value terms this year, mainly due to high prices, on the Akshaya Tritiya festival compared to last year. Gold prices ruled at Rs 72,300 per 10 grams on Akshaya Tritiya in 2024 which fell on May 10. In volume terms gold sales are expected to remain flat at 20 tonnes, say jewellers. Silver prices slumped Rs 4,000 to Rs 98,000 per kg against the previous close of Rs 1,02,000 per kg on Tuesday. In the overseas market, spot gold dipped USD 43.35 or 1.31 per cent to USD 3,273.90 per ounce. Spot silver was quoted 1.83 per cent lower at USD 32.33 per ounce. ADVERTISEMENT "Gold extended its decline after US President Donald Trump signed an executive order aimed at softening the impact of his auto tariffs and cited progress in trade negotiations with several countries," Kaynat Chainwala, AVP-Commodity Research, Kotak Securities, said. Additionally, US Commerce Secretary Howard Lutnick suggested that the Trump administration had reached its first trade agreement, though he declined to reveal details, saying the deal was awaiting approval from the other country involved. ADVERTISEMENT Meanwhile, the most-traded June contract for gold futures plunged Rs 1,639 or 1.71 per cent to trade at Rs 93,953 per 10 grams on the Multi Commodity Exchange. "Traders will closely watch key US macroeconomic releases later this week, including the first estimate of Q1 GDP, Personal Consumption Expenditures (PCE) inflation data, and April jobs figures," Abans Financial Services' Chief Executive Officer Chintan Mehta said. These indicators could offer fresh insights into the Federal Reserve's next moves and the broader economic outlook, Mehta added.
News18
30-04-2025
- Business
- News18
Akshaya Tritiya 2025: Gold Prices Decline By Rs 900 To Rs 98,550 Per 10 Grams In Delhi
Agency: Increased buying by consumers on Akshaya Tritiya, which is considered an auspicious day for buying gold, jewellery and other valuables, caps the decline in gold prices. Gold prices declined by Rs 900 to Rs 98,550 per 10 grams in the national capital on Wednesday amid a weak trend in international markets, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 99,450 per 10 grams on Tuesday. Gold of 99.5 per cent purity declined Rs 900 to Rs 98,100 per 10 grams from the previous close of Rs 99,000 per 10 grams. However, increased buying by consumers on Akshaya Tritiya, which is considered an auspicious day for buying gold, jewellery and other valuables, capped the decline in gold prices. Jewellers expect around 35 per cent increase in sales in value terms this year, mainly due to high prices, on the Akshaya Tritiya festival compared to last year. Gold prices ruled at Rs 72,300 per 10 grams on Akshaya Tritiya in 2024 which fell on May 10. In volume terms gold sales are expected to remain flat at 20 tonnes, say jewellers. Silver prices slumped Rs 4,000 to Rs 98,000 per kg against the previous close of Rs 1,02,000 per kg on Tuesday. In the overseas market, spot gold dipped $43.35 or 1.31 per cent to $3,273.90 per ounce. Spot silver was quoted 1.83 per cent lower at $32.33 per ounce. 'Gold extended its decline after US President Donald Trump signed an executive order aimed at softening the impact of his auto tariffs and cited progress in trade negotiations with several countries," Kaynat Chainwala, AVP-Commodity Research, Kotak Securities, said. Additionally, US Commerce Secretary Howard Lutnick suggested that the Trump administration had reached its first trade agreement, though he declined to reveal details, saying the deal was awaiting approval from the other country involved. Meanwhile, the most-traded June contract for gold futures plunged Rs 1,639 or 1.71 per cent to trade at Rs 93,953 per 10 grams on the Multi Commodity Exchange. 'Traders will closely watch key US macroeconomic releases later this week, including the first estimate of Q1 GDP, Personal Consumption Expenditures (PCE) inflation data, and April jobs figures," Abans Financial Services' Chief Executive Officer Chintan Mehta said. These indicators could offer fresh insights into the Federal Reserve's next moves and the broader economic outlook, Mehta added. (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! First Published: Latest News Splitsvilla 15 Fame Dewangini Vyas Opens Up About Epileptic Fit Misdiagnosis: 'I Developed Large Blisters' Television Viral Man Denied Entry At Passport Office For Wearing Shorts, Internet Asks, 'What Logic Is That' Politics 'Better Late Than Never': Political Leaders React To Centre's Big Move To Include Caste Census Savings And Investments Akshaya Tritiya 2025: Gold Prices Decline By Rs 900 To Rs 98,550 Per 10 Grams In Delhi Opinion Opinion | No More Band-Aids: India's Police System Needs Radical Restructuring latest news
