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Time of India
3 days ago
- Business
- Time of India
Gold rises Rs 100 to Rs 98,600/10 g; silver stays flat
New Delhi: Gold prices rose Rs 100 to Rs 98,600 per 10 grams in the national capital on Friday due to a pick-up demand by the jewellers and retailers, according to the All India Sarafa Association. The precious metal of 99.5 per cent purity climbed Rs 100 to Rs 98,100 per 10 grams (inclusive of all taxes). In addition, silver prices remained flat for the second straight session at Rs 1,00,000 per kg (inclusive of all taxes) on Friday. On the global front, spot gold dipped by USD 21.91 per ounce or 0.66 per cent to USD 3,295.82 per ounce. "Gold is trading steady near USD 3,320 per ounce, with investors' focus shifting to upcoming US Core Personal Consumption Expenditures (PCE) data, University of Michigan inflation expectations, and consumer sentiment," Kaynat Chainwala, AVP Commodity Research at Kotak Securities, said.
Hindustan Times
6 days ago
- 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
23-05-2025
- Business
- The Print
Gold rises Rs 100 to Rs 98,750/10 g amid firm global trends
Firm trends in the international markets and persistent concerns about US fiscal policy continued to support longer-term demand for bullion prices, the association said. The precious metal of 99.5 per cent purity appreciated by Rs 100 to Rs 98,300 per 10 grams (inclusive of all taxes). New Delhi, May 23 (PTI) Gold prices rose Rs 100 to Rs 98,750 per 10 grams in the national capital on Friday amid firm global cues, according to the All India Sarafa Association. However, silver prices plunged by Rs 2,000 to Rs 99,200 per kg (inclusive of all taxes) on Friday. The white metal had closed at Rs 1,01,200 per kg on Thursday. On the global front, spot gold increased by USD 35.46 or 1.08 per cent to USD 3,330.23 per ounce. 'Gold edged higher set for its biggest weekly gain since mid-April, as fiscal concerns in the US continue to provide a supportive backdrop,' Kaynat Chainwala, AVP-Commodity Research at Kotak Securities, said. According to HDFC Securities' Senior Analyst of Commodities Saumil Gandhi, market participants will be awaiting key US macroeconomic data, including building permits, new home sales, and a speech by Federal Reserve Governor Lisa D Cook, which are expected to impact gold prices. PTI HG HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
23-05-2025
- Business
- Time of India
Gold rises Rs 100 to Rs 98,750/10 g amid firm global trends
Gold prices rose Rs 100 to Rs 98,750 per 10 grams in the national capital on Friday amid firm global cues, according to the All India Sarafa Association. The precious metal of 99.5 per cent purity appreciated by Rs 100 to Rs 98,300 per 10 grams (inclusive of all taxes). Firm trends in the international markets and persistent concerns about US fiscal policy continued to support longer-term demand for bullion prices, the association said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Lentes fotossensíveis que escurecem automaticamente de acordo com a luz Óculos Max Saiba Mais Undo However, silver prices plunged by Rs 2,000 to Rs 99,200 per kg (inclusive of all taxes) on Friday. The white metal had closed at Rs 1,01,200 per kg on Thursday. On the global front, spot gold increased by USD 35.46 or 1.08 per cent to USD 3,330.23 per ounce. "Gold edged higher set for its biggest weekly gain since mid-April, as fiscal concerns in the US continue to provide a supportive backdrop," Kaynat Chainwala, AVP-Commodity Research at Kotak Securities, said. Live Events According to HDFC Securities' Senior Analyst of Commodities Saumil Gandhi, market participants will be awaiting key US macroeconomic data, including building permits, new home sales, and a speech by Federal Reserve Governor Lisa D Cook, which are expected to impact gold prices.
The Hindu
13-05-2025
- Business
- The Hindu
Gold prices rebound a day after fall
Gold prices rebounded in the spot market on Tuesday, a day after a massive fall of about 3% in the global market due to easing of the tariff war and trade tensions between the U.S. and China, the world's two largest economies. Analysts said ever since the announcement was made, safe-haven assets such as gold faced sell-off by investors. However in India, as per Indian Bullion & Jewellers Association (IBJA) rates, gold on the spot market was priced at ₹94,344 per 10 grams on Tuesday compared with ₹93,076 on Monday, a gain of ₹1,268 per 10 grams. In the past weeks, gold prices have reduced to a large extent from the record-high level of more than ₹1 lakh recorded on April 24, 2025, as investors increasingly preferred the safe-haven asset due to global uncertainties triggered by the tariff action of U.S. President Donald Trump. Comex gold futures declined about 3% on Monday to settle at $3,329 per ounce (28.3495 grams), the lowest closing in nearly two weeks. 'The sharp decline was driven by a stronger U.S. dollar and reduced safe-haven demand following the announcement of a temporary easing of trade tensions between the United States and China,' Kaynat Chainwala, AVP Commodity Research, Kotak Securities said in a note. 'Additionally, the easing of geopolitical risks further dampened demand for bullion as Ukrainian President Volodymyr Zelensky announced plans for direct talks with Russian President Vladimir Putin in Istanbul. However, the metal rebounded slightly on Tuesday, edging above $3,240 per ounce, as renewed safe-haven demand emerged,' he added. In a note titled 'Gold bleeds as the U.S.-China lower import tariffs' Augment Enterprise Pvt. Ltd. said gold price may drop to ₹92,000 if it remained below ₹94,000 this week. 'And we are expected to see a $200 decline to $3,000 per ounce (₹86,000 per 10 grams) if prices break and hold below $3200,' it said in the note. The volatility has led to a wait-and-watch approach by gold buyers and investors, while footfalls at jewellery stores have reduced substantially.
