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Time Business News
5 hours ago
- Business
- Time Business News
Live Gold Rate in Kuwait Today
Gold is one of the most precious and valued commodities in the world. Across centuries and cultures, gold has stood the test of time as a symbol of wealth, luxury, and financial security. In Kuwait, gold holds a special place not only in traditional ceremonies and daily adornment but also in the investment strategies of residents and expatriates alike. With global economic changes occurring more rapidly than ever, staying informed about the Today Gold Rate in Kuwait is crucial for making smart financial decisions. In this comprehensive article, we will delve into why the gold rate matters, how the daily gold prices are determined, what factors affect them, and how buyers and investors in Kuwait can benefit from timely updates. Kuwaitis have a deep cultural and financial connection with gold. It is commonly purchased for weddings, festivals, family heirlooms, and as a long-term investment. Gold is considered a reliable asset that retains its value over time and can be quickly liquidated if needed. Many Kuwaiti families pass down gold jewelry from generation to generation, and the local gold market thrives on both retail jewelry sales and bullion trading. As a result, monitoring the Today Gold Rate in Kuwait has become a daily habit for countless individuals and businesses. Gold prices fluctuate constantly due to several economic, political, and environmental factors. Monitoring the Today Gold Rate in Kuwait gives buyers and sellers the chance to take advantage of favorable pricing, whether they're purchasing for personal use or investment. Here are some key reasons to stay updated: Smart purchasing: Knowing the daily rate helps consumers buy gold when prices are low. Knowing the daily rate helps consumers buy gold when prices are low. Investment timing: Investors watch for price dips or upward trends to make profitable trades. Investors watch for price dips or upward trends to make profitable trades. Budgeting: Consumers can plan gold purchases (especially for events) more efficiently. Consumers can plan gold purchases (especially for events) more efficiently. Profit margins: Businesses that buy and sell gold can better calculate their profit potential. Gold prices in Kuwait are not fixed. They are influenced by a variety of local and global factors, including: Since gold is a global commodity, its base price is influenced by international markets, particularly the London Bullion Market and COMEX (Commodity Exchange) in the U.S. Any fluctuations in those markets directly affect the Today Gold Rate in Kuwait. The Kuwaiti Dinar (KWD) is a strong and stable currency, but changes in the exchange rate between the KWD and USD (U.S. Dollar) impact gold pricing. Gold is traded globally in USD, so any shift in exchange rates can cause a ripple effect on local rates. Kuwait imports most of its gold, so the duties and taxes imposed on gold imports influence the final retail price. Even though Kuwait has relatively low taxation, these fees still contribute to slight variations in the Today Gold Rate in Kuwait. Demand rises during festive seasons, weddings, and economic uncertainty. The supply of gold, both globally and locally, also plays a role in setting prices. A higher demand with a lower supply naturally increases gold prices. This guide is brought to you by GoldPriceMe, your trusted source for real-time gold data and trends. During inflationary periods or global financial instability, people tend to invest in gold as a safe haven. This increased demand can cause a spike in prices. Conversely, in stable economic times, the price may stabilize or decline slightly. In Kuwait, gold is sold in various purities, each with a different price per gram. The most common types are: 24K (Pure Gold): This is the purest form of gold with a 99.9% purity level. It's ideal for investment purposes. This is the purest form of gold with a 99.9% purity level. It's ideal for investment purposes. 22K: Slightly less pure, but preferred for making jewelry due to its durability. Slightly less pure, but preferred for making jewelry due to its durability. 21K and 18K: Popular among consumers for day-to-day wear. More affordable but less pure. The Today Gold Rate in Kuwait is usually quoted per gram for all these categories. Buyers should always check which karat value the rate refers to when making a decision. While many rely on jeweler shops for daily pricing, others turn to trusted data sources for up-to-the-minute gold price updates. That's where GoldPriceMe comes in. Known for its accurate and real-time gold market updates, the platform helps buyers and sellers stay informed with daily gold rate trends in Kuwait. Whether you're a casual buyer or a professional trader, having instant access to reliable pricing data is key to making informed decisions. Making the right gold purchase goes beyond just knowing the daily rate. Here are a few additional tips: Visit multiple gold stores to compare pricing. There may be minor variations based on the vendor's markup, design fees, and location. Jewelry often includes 'making charges' – fees added for the craftsmanship involved in turning gold into intricate designs. This can significantly affect the total cost. Always ask for a certificate of authenticity, especially for higher karat gold. It confirms the purity and helps during resale. For investment gold like bars or coins, ensure proper storage to protect your assets from theft or damage. Don't base your decision on a single day's price. Track the Today Gold Rate in Kuwait over weeks or months to understand trends and predict better entry or exit points for buying and selling. If you're planning to sell gold, timing and awareness are everything. Make sure to: Check the Today Gold Rate in Kuwait before visiting a buyer. before visiting a buyer. Compare offers from multiple dealers. Bring any original receipts or certificates. Weigh your gold accurately. Negotiate wisely—some dealers may try to lower the price based on minor purity issues. Knowing the current market price puts you in a stronger position to negotiate and ensures you're getting a fair deal. Gold has historically been a safe and rewarding investment. In times of political unrest, economic uncertainty, or inflation, gold tends to perform well. Many investors in Kuwait choose to diversify their portfolio by adding gold assets such as: Physical gold (bars and coins) Gold jewelry (although making charges affect returns) Digital gold or gold ETFs (if accessible) Like any investment, gold should be approached strategically. Always study market movements, keep an eye on the Today Gold Rate in Kuwait, and make purchases with long-term goals in mind. Gold demand in Kuwait typically spikes during: Ramadan and Eid Wedding seasons Back-to-school periods (for gifting) Year-end holidays Prices may increase during these times due to higher demand. If you're not in a rush to buy, waiting for off-peak seasons could help you get better rates. Ignoring the Making Charges: A low gold rate doesn't always mean a better deal if making charges are too high. Not Confirming Purity: Always ensure you're getting the karat value you paid for. Impulse Buying: Buying gold without monitoring trends or comparing rates can result in overpaying. Buying Without Documentation: No certificate or receipt could hurt resale value or make selling difficult. Also Read Not Watching the Daily Price: Gold prices change frequently. Timing your purchase is essential. Gold is more than a precious metal in Kuwait—it's a symbol of heritage, wealth, and security. With fluctuating market conditions and increasing economic uncertainties, knowing the Today Gold Rate in Kuwait can help you make smarter decisions whether you're buying for personal use or investment purposes. Thanks to trusted platforms like GoldPriceMe, getting real-time updates and understanding the market has never been easier. Stay informed, shop smart, and let the timeless value of gold work for you. TIME BUSINESS NEWS
Globe and Mail
a day ago
- Business
- Globe and Mail
Will Silver Ever Break to the Upside?
I asked if silver was back on a bullish path in an April 17, 2025, Barchart article. I concluded that: It may only be a matter of time before a herd of buyers descends on the silver market as the technical trend remains bullish, the fundamental deficit supports higher prices, and silver has become historically inexpensive compared to gold. A move over $37.58 per ounce will confirm the bullish trend and could lead to a parabolic move. Nearby COMEX silver futures were at $32.985 per ounce on April 16 and was higher in late May 2025. However, the trend remains bullish, and silver can potentially surprise on the upside over the coming months. Silver's technical trend is bullish Silver's long-term path of least resistance remains bullish in late May 2025. The seven-year continuous monthly COMEX silver futures chart highlights that the precious metal has made higher lows and higher highs since finding a bottom at the March 2020 low of $11.64 per ounce. Silver's most recent high of $35.495 in March 2025 was the highest price since March 2012. Silver's deficit means fundamentals agree with technicals In its April annual silver survey, The Silver Institute forecast 2025 silver supplies at 1.0306 billion ounces, with total demand at 1.148.3 billion ounces. The 117.70 million ounce fundamental deficit was the fifth consecutive year where demand outstripped supplies. Each year, investment and speculative demand are crucial for the path of least resistance of silver prices. Given the bullish technical trend, the fundamental data supports a continuation of higher highs for the silver price. Moreover, the next upside technical target is the early 2012 $37.58 peak, which could be a gateway to a challenge of the 2011 $49.82 high and the 1980 record peak of $50.32 per ounce. A move over the $37.58 level could unleash a herd of buyers in the silver market. The silver-gold ratio has been a relative value indicator for centuries, first proclaimed by the Egyptian Pharoah Menes, who died in 3125 BC. Menes declared that two and a half parts of silver equal one part of gold. The thirty-year chart of the price of the continuous COMEX gold futures contract divided by the continuous COMEX silver futures contract ({GCM25}/{SIN25}) shows that the silver-gold ratio has been as low as 31.662:1 in 2011 when silver traded to nearly $50 per ounce, and as high as 124.648:1 in 2020 when silver fell to the $11.64 per ounce bottom. While the ratio has been trending higher since the 2011 low, it remains historically high. The relative value metric tells us that silver is inexpensive compared to gold at current prices. The gold market has received lots of press as the price has risen to record highs in 2024 and 2025, while silver prices remain substantially below the record peak. However, market participants seeking value in the precious metals could turn to silver over the coming weeks, months, and years, as gold prices have experienced a parabolic rally. Buying on weakness has been optimal since 2020 The seven-year monthly silver chart highlights that every significant downside correction in silver, including the 2020 low that led to the $11.64 bottom, has been a golden buying opportunity. At the most recent $35.495 2025 high, silver had over tripled from the 2020 low. The most recent example was the April 7 risk-off lows created by the Trump administration's April 2 ' Liberation Day ' announcement that rolled out unprecedented tariffs on trading partners to level the playing field. The daily chart of July COMEX silver futures shows the spike to a $27.845 per ounce April 7 low, a golden opportunity for silver accumulation. The price moved over $6 higher sixteen days later on April 23, 2025. Buying silver on price weakness has been optimal over the past years. SLV is the most liquid silver ETF product The most direct route for a long risk or investment position in silver is the physical market for bars and coins. However, silver is a bulky commodity, inhibiting self-storage, and third-party storage involves insurance and vaulting expenses. Moreover, independent dealer's bid-offer spreads on physical silver tend to be far wider than in the COMEX futures or London wholesale silver market. While the futures provide a physical delivery mechanism, they involve margin, creating leverage. The most liquid silver ETF product is the iShares Silver Trust (SLV), which invests its considerable assets in allocated and unallocated silver bullion. At $30.45 per share, SLV had over $14.75 billion in assets under management. SLV trades an average of over 14.75 million shares daily and charges a 0.50% management fee. The most recent rally in silver futures for July delivery took the price 22.16% higher from $27.845 on April 7 to a high of $34.015 on April 25. Over around the same period, SLV rose 15.24% from $26.57 to $30.62 per share. The reason for SLV's underperformance is that the silver ETF can miss highs or lows when the stock market is closed, as the volatile silver futures trade around the clock. With silver over the $32 per ounce level, the critical upside target is the $37.58 technical resistance level. Silver's relative value versus gold, the fundamental deficit, and the path of least resistance of silver prices since the 2020 low all point to a break above the resistance and a challenge of the 2011 and 1980 highs. However, buying on price weakness will likely remain optimal in the volatile silver market.
Yahoo
2 days ago
- Business
- Yahoo
CME Group Announces Record Volume, Open Interest Across Battery Metals Complex
CHICAGO, June 2, 2025 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced record volume and open interest across its battery metals complex. A total of 2,587 contracts were traded across battery metals futures and options on May 29, surpassing the previous record of 2,301 contracts set on February 11, 2025. Combined open interest also reached an all-time high of 64,387 contracts. "CME Group is the venue of choice for managing global battery metals risk," said Jin Hennig, Managing Director and Global Head of Metals at CME Group. "These new records were driven by our benchmark Lithium Hydroxide and Cobalt Metal futures, which each reached over 1,000 contracts traded on a single day for the first time. We are also seeing strong growth in commercial users, helping to attract a broader range of participants and further enhancing price discovery in these critical markets." CME Group offers market participants the widest range of battery metals products. Across the complex, all 10 of the top 10 volume days have occurred this year, with average daily volume year-to-date at 837 contracts, up 100% from last year. CME Group's battery metals suite includes Lithium Hydroxide futures and options, Lithium Carbonate futures, Cobalt Metal futures and options, Cobalt Hydroxide futures and Spodumene futures, which are listed by and subject to the rules of COMEX. For more information, please visit here. As the world's leading derivatives marketplace, CME Group ( enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing. CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners. CME-G View original content: SOURCE CME Group Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
2 days ago
- Business
- Time of India
Commodity Radar: What's driving copper's drop and how to trade it
copper price today: As of 2 PM, June copper contracts on the MCX were trading at ₹863.70, marking a decline of ₹4.15 or 0.48%. Meanwhile, copper futures on the COMEX stood at $4.74 per pound, down $0.11 or 2.26%. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Technical view What should traders do? Copper prices slipped on Tuesday, with a steeper decline observed on the COMEX . The weakness followed U.S. President Donald Trump's threat to double tariffs on aluminium and steel imports. However, falling inventories helped limit the the MCX, June copper contracts were trading at Rs 863.70 around 2 pm, down Rs 4.15 or 0.48%. On the COMEX, copper futures were at $4.74 per pound, down $0.11 or 2.26%.On the LME, the three-month copper price was hovering around $9550.50 per metric tonne, declining by 0.72%.The prices fell despite the dollar index (DXY) gaining by 0.24 points or 0.25% and trading at 98.95 against a basket of six major currencies. A softer dollar makes greenback-denominated assets more affordable to holders of other currencies."U.S. trade officials are currently reviewing the impact of U.S. copper imports on the local industry, with a report due in the next few weeks," Reuters reported, quoting ANZ base metal is also finding support from improving fundamentals as copper stocks in the LME-registered warehouses on Monday dropped 45% since mid-February to 148,450 tons, the lowest in almost a on the action, Ajit Mishra, Senior Vice President - Research at Religare Broking, said that copper prices were holding firm amid tightening supply and robust U.S. demand. 'A sharp drop in LME inventories and a growing premium between cash and futures contracts highlight physical market strain. However, a stronger U.S. dollar and uncertainty over Chinese demand capped further gains,' he has given a bullish breakout on the daily chart, moving decisively above a tight consolidation range that persisted over the past several sessions, Mishra said, adding that a breakout candle on the charts exhibits strength and has closed well above the short-term moving average, indicating robust upward momentum.'The price is also trading comfortably above the 200-day moving average, reinforcing a positive long-term trend. If this breakout sustains, copper could potentially head towards the next resistance zone near Rs 885– Rs 900 levels,' Religare Broking's senior VP a trading perspective, one can consider initiating long positions in the range of Rs 860-863, with a stop loss placed at Rs 853, Mishra said. On the upside, the price could move towards target levels of Rs 885 and Rs 895, offering a favorable risk-to-reward setup for positional traders, he Read: Commodity Radar: Gold jumps Rs 1,700 on MCX amid Trump's fresh tariff threats. 5 technical signals to watch (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Economic Times
2 days ago
- Business
- Economic Times
Commodity Radar: What's driving copper's drop and how to trade it
Live Events Technical view What should traders do? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Copper prices slipped on Tuesday, with a steeper decline observed on the COMEX . The weakness followed U.S. President Donald Trump's threat to double tariffs on aluminium and steel imports. However, falling inventories helped limit the the MCX, June copper contracts were trading at Rs 863.70 around 2 pm, down Rs 4.15 or 0.48%. On the COMEX, copper futures were at $4.74 per pound, down $0.11 or 2.26%.On the LME, the three-month copper price was hovering around $9550.50 per metric tonne, declining by 0.72%.The prices fell despite the dollar index (DXY) gaining by 0.24 points or 0.25% and trading at 98.95 against a basket of six major currencies. A softer dollar makes greenback-denominated assets more affordable to holders of other currencies."U.S. trade officials are currently reviewing the impact of U.S. copper imports on the local industry, with a report due in the next few weeks," Reuters reported, quoting ANZ base metal is also finding support from improving fundamentals as copper stocks in the LME-registered warehouses on Monday dropped 45% since mid-February to 148,450 tons, the lowest in almost a on the action, Ajit Mishra, Senior Vice President - Research at Religare Broking, said that copper prices were holding firm amid tightening supply and robust U.S. demand. 'A sharp drop in LME inventories and a growing premium between cash and futures contracts highlight physical market strain. However, a stronger U.S. dollar and uncertainty over Chinese demand capped further gains,' he has given a bullish breakout on the daily chart, moving decisively above a tight consolidation range that persisted over the past several sessions, Mishra said, adding that a breakout candle on the charts exhibits strength and has closed well above the short-term moving average, indicating robust upward momentum.'The price is also trading comfortably above the 200-day moving average, reinforcing a positive long-term trend. If this breakout sustains, copper could potentially head towards the next resistance zone near Rs 885– Rs 900 levels,' Religare Broking's senior VP a trading perspective, one can consider initiating long positions in the range of Rs 860-863, with a stop loss placed at Rs 853, Mishra said. On the upside, the price could move towards target levels of Rs 885 and Rs 895, offering a favorable risk-to-reward setup for positional traders, he Read: Commodity Radar: Gold jumps Rs 1,700 on MCX amid Trump's fresh tariff threats. 5 technical signals to watch (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
