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The Print
2 hours ago
- Business
- The Print
Gold slips Rs 110 to Rs 97,670/10 g; silver plunges Rs 1,000 to Rs 1.07 lakh/kg
Snapping a seven-day winning streak, silver prices plunged by Rs 1,000 to Rs 1,07,100 per kilogram (inclusive of all taxes) on Tuesday. The precious metal of 99.5 per cent purity fell Rs 100 to Rs 97,250 per 10 grams (inclusive of all taxes). New Delhi, Jun 10 (PTI) Gold prices slipped Rs 110 to Rs 97,670 per 10 grams in the national capital on Tuesday due to persistent selling by jewellers and stockists, according to the All India Sarafa Association. The white metal had soared Rs 1,000 to hit a fresh peak of Rs 1,08,100 per kilogram in the local markets on Monday. In the overseas markets, spot gold rose marginally to USD 3,329.12 per ounce. 'Gold prices eased on Tuesday morning trading as optimism over easing US-China trade tensions dampened safe-haven demand,' Reliance Securities' Senior Research Analyst Sriram Iyer said. Chinese and US officials on Tuesday extended the new round of trade talks in London to a second day, fuelling hopes for a deal between the world's two largest economies. Meanwhile, spot silver fell 0.3 per cent to USD 36.64 per ounce in the global markets. 'Traders expect increased volatility in gold prices this week, driven by significant macroeconomic events, including the US inflation print and consumer sentiment data. 'Any unexpected deviations in these data figures could influence the Federal Reserve's stance on interest rate cuts, potentially impacting bullion prices in the near term,' Deveya Gaglani, Senior Research Analyst, Commodities at Axis Securities, said. PTI HG HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Economic Times
7 hours ago
- Business
- Economic Times
Gold slips Rs 110 to Rs 97,670/10 g; silver plunges Rs 1,000 to Rs 1.07 lakh/kg
Gold prices slipped Rs 110 to Rs 97,670 per 10 grams in the national capital on Tuesday due to persistent selling by jewellers and stockists, according to the All India Sarafa Association. ADVERTISEMENT The precious metal of 99.5 per cent purity fell Rs 100 to Rs 97,250 per 10 grams (inclusive of all taxes). Snapping a seven-day winning streak, silver prices plunged by Rs 1,000 to Rs 1,07,100 per kilogram (inclusive of all taxes) on Tuesday. The white metal had soared Rs 1,000 to hit a fresh peak of Rs 1,08,100 per kilogram in the local markets on Monday. In the overseas markets, spot gold rose marginally to USD 3,329.12 per ounce. "Gold prices eased on Tuesday morning trading as optimism over easing US-China trade tensions dampened safe-haven demand," Reliance Securities' Senior Research Analyst Sriram Iyer said. ADVERTISEMENT Chinese and US officials on Tuesday extended the new round of trade talks in London to a second day, fuelling hopes for a deal between the world's two largest economies. Meanwhile, spot silver fell 0.3 per cent to USD 36.64 per ounce in the global markets. ADVERTISEMENT "Traders expect increased volatility in gold prices this week, driven by significant macroeconomic events, including the US inflation print and consumer sentiment data. "Any unexpected deviations in these data figures could influence the Federal Reserve's stance on interest rate cuts, potentially impacting bullion prices in the near term," Deveya Gaglani, Senior Research Analyst, Commodities at Axis Securities, said. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
7 hours ago
- Business
- Time of India
Gold slips Rs 110 to Rs 97,670/10 g; silver plunges Rs 1,000 to Rs 1.07 lakh/kg
Gold prices slipped Rs 110 to Rs 97,670 per 10 grams in the national capital on Tuesday due to persistent selling by jewellers and stockists, according to the All India Sarafa Association. The precious metal of 99.5 per cent purity fell Rs 100 to Rs 97,250 per 10 grams (inclusive of all taxes). Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bank Owned Properties For Sale In Kebon Besar (Prices May Surprise You) Foreclosed Homes | Search ads Search Now Undo Snapping a seven-day winning streak, silver prices plunged by Rs 1,000 to Rs 1,07,100 per kilogram (inclusive of all taxes) on Tuesday. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. The white metal had soared Rs 1,000 to hit a fresh peak of Rs 1,08,100 per kilogram in the local markets on Monday. In the overseas markets, spot gold rose marginally to USD 3,329.12 per ounce. Live Events "Gold prices eased on Tuesday morning trading as optimism over easing US-China trade tensions dampened safe-haven demand," Reliance Securities' Senior Research Analyst Sriram Iyer said. Chinese and US officials on Tuesday extended the new round of trade talks in London to a second day, fuelling hopes for a deal between the world's two largest economies. Meanwhile, spot silver fell 0.3 per cent to USD 36.64 per ounce in the global markets. "Traders expect increased volatility in gold prices this week, driven by significant macroeconomic events, including the US inflation print and consumer sentiment data. "Any unexpected deviations in these data figures could influence the Federal Reserve's stance on interest rate cuts, potentially impacting bullion prices in the near term," Deveya Gaglani, Senior Research Analyst, Commodities at Axis Securities, said.
Mint
02-06-2025
- Business
- Mint
Gold price today: Yellow metal jumps nearly 2% as geopolitical, trade war worries spark safe-haven demand
Gold Price Today: Gold prices on India's Multi Commodity Exchange (MCX) jumped nearly 2 per cent on Monday, 2 June 2025, as investors moved back to safe-haven assets due to heightened geopolitical tensions and trade war worries. Gold futures of the 5 June 2025 contract jumped 1.7 per cent or ₹ 1,630 per 10 grams to hit an intraday high of ₹ 97,505 per 10 grams on Monday's commodity market session, compared to ₹ 95,875 per 10 grams in the previous market close last week. Investors tend to pull out their money from high-risk investments like the equity markets in case of geopolitical uncertainties in the global market. Safe-haven assets like gold and government treasuries are the focus of global market investors. Deveya Gaglani, a senior research analyst of commodities at Axis Securities, attributed the rise of the precious yellow metal gold to the intensifying geopolitical tensions between Russia and Ukraine after the drone attack on Sunday, 1 June 2025. 'The better-than-expected consumer data print from the USA and a mild recovery in the dollar index led to selling in the counter. During the weekend, geopolitical tension intensified between Russia and Ukraine after Russian warplanes were damaged due to a Ukrainian drone attack. This led to a gap-up opening in the MCX,' said the commodity market expert. (This is a developing story. Please check back for updates.) Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
08-05-2025
- Business
- Time of India
Gold rate today: Gold prices slip in India to Rs 96,980 per 10 grams
: Gold prices in India declined on Thursday despite global prices rising after the U.S. Federal Reserve highlighted concerns about increasing inflation and employment market challenges. Tired of too many ads? go ad free now Indian market participants remained wary before the upcoming U.S.-China trade discussions this weekend. International markets witnessed substantial gold appreciation. Spot gold increased by 1.4% to $3,409.76 an ounce, whilst U.S. gold futures advanced 0.7% to $3,416.70 at 0223 GMT. These increases followed the Federal Reserve's decision to maintain current interest rates, whilst cautioning about heightened risks of inflation and unemployment affecting the U.S. economic prospects. At 10:01 am, were valued at Rs 96,981 per 10 grams, showing a decrease of Rs 109 from the previous session. However, July silver futures demonstrated significant growth, increasing by Rs 479 to Rs 96,212 per kg. Federal Reserve Chairman Jerome Powell expressed uncertainty regarding whether the U.S. economy would sustain its current progress or decelerate due to increasing inflation and international political tensions. Market participants now anticipate 77 basis points of rate reductions this year, commencing in September. Gold, which serves as a protection against economic and political uncertainty, typically shows positive performance when interest rates are low. Gold strengthened its position as a safe-haven asset due to renewed uncertainty in US-China trade talks. MCX Gold initiated trading with an increase exceeding 100 points. Tired of too many ads? go ad free now The price trajectory appears positive, maintaining levels above the 9 EMA on daily charts. According to Deveya Gaglani, Senior Research Analyst- Commodities at Axis Securities, market participants are awaiting the evening's jobless claims data. US and Chinese representatives are scheduled to convene in Switzerland over the weekend for trade discussions. Donald Trump stated on Wednesday that China requested the meeting, whilst maintaining his position against reducing import tariffs as a negotiation incentive. In the precious metals sector, spot silver increased by 1.1% to $32.82 per ounce, platinum rose 0.8% to $982.05, whilst palladium remained stable at $971.95. Rahul Kalantri, VP Commodities at Mehta Equities, told ET: "Technically, gold has support at $3370-3345 while resistance is at $3422-3440. Silver has support at $32.50-32.20 while resistance is at $33.05-33.25. In INR terms, gold has support at Rs 96,650-95,980 while resistance is at Rs 97,950-98,390. Silver has support at Rs 94,880-94,150 while resistance is at Rs 96,950-97,880."
