Latest news with #RahulKalantri
News18
3 hours ago
- Business
- News18
Silver Hits All-Time High Of Rs 1,05,000, May Touch Rs 1,20,000 By Diwali: Why Is It Rising?
Last Updated: Silver prices in India touches a record high on the MCX to hit Rs 1,05,000 per kg, while global prices reached a 12-year high at $34.90 an ounce. Silver prices on Thursday touched a record high on the MCX, surging by nearly 3.5 per cent to Rs 1,05,000 per kg, while the global prices reached a 12-year high at $34.90 an ounce. The rally is fuelled by strong investor demand, soft US economic data, a weakening dollar, heightened geopolitical tensions, and firm industrial demand from the EV and solar sectors. 'Early June saw a sharp shift in market sentiment as gold — and especially silver — broke through major technical resistance levels. A weakening US dollar, now nearing a two-year low, served as the immediate trigger. However, underlying geopolitical tensions and revived trade war concerns are also fuelling the rally in precious metals," said Rahul Kalantri, vice-president (commodities) at Mehta Equities. The gold-silver ratio has dropped sharply from 107 to 95, indicating a growing investor preference for silver over gold as a relatively undervalued asset with stronger growth potential, he added. 'Silver prices in India touched a record high on the MCX, hitting Rs 1,05,000/kg, while global prices reached a 12-year high at $34.90/oz. The rally is fueled by strong investor demand, soft US economic data, a weakening dollar, heightened geopolitical tensions, and firm industrial demand from the EV and solar sectors," Mehta said. 'Silver May Hit Rs 1,20,000 By This Diwali' 'Silver might reach Rs 1,14,000 to Rs 1,20,000 by this Diwali, but investors should brace for a bumpy ride ahead as market volatility remains high amid global uncertainties," Mehta said. Gold prices With 3% GST, gold prices has reclaimed the Rs 1 lakh mark and stand at Rs 1,02,588 per 10 grams in Mumbai. According to a report by brokerage house Quant Mutual Fund, after an impressive upside move in the past few months, gold prices might fall by 12-15% in the next two months. 'Gold has peaked out and has the potential to correct by 12-15% in dollar terms over the next two months. However, our medium-term and long-term views are equally constructive, and we reiterate that a meaningful percentage of your portfolio should be dedicated towards precious metals," Quant Mutual Fund stated in its latest 'Factsheet for June 2025'. First Published: June 05, 2025, 18:45 IST
News18
12 hours ago
- Business
- News18
Gold Reclaims Rs 1 Lakh Mark: Check 24 Carat Rates In Delhi, Mumbai, Other Cities On June 5
The price of silver on Thursday jumped by Rs 2,000 to Rs 1,04,000 per kg in Mumbai, according to . In the international market, spot gold was steady at $3,372.82 an ounce, as of 0210 GMT. U.S. gold futures edged down 0.1% to $3,395.50. Rahul Kalantri, vice-president (commodities) of Mehta Equities Ltd, said, 'Gold and silver prices rose on Wednesday as rising economic uncertainty and weak US data, including a contraction in the services sector and the slowest private job growth since March 2023, fuelled expectations of at least two Fed rate cuts this year. This boosted demand for non-yielding assets like gold." Nevertheless, Fed officials remain cautious about easing too quickly, particularly amid ongoing trade tensions marked by new tariffs and faltering US-China talks. Investors now turn their attention to Friday's nonfarm payroll report for further policy cues, he added. 'Gold May Fall 12-15% In Two Months' According to a report by brokerage house Quant Mutual Fund, after an impressive upside move in the past few months, gold prices might fall by 12-15% in the next two months. 'Gold has peaked out and has the potential to correct by 12-15% in dollar terms over the next two months. However, our medium-term and long-term views are equally constructive, and we reiterate that a meaningful percentage of your portfolio should be dedicated towards precious metals," Quant Mutual Fund stated in its latest 'Factsheet for June 2025'. What Factors Affect Gold Prices In India? International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country. In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals. With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
News18
3 days ago
- Business
- News18
Gold Price Hits 3-Week High: Check 24 Carat Rates In Delhi, Mumbai, Other Cities On June 3
Silver Price In India Today (June 3, 2025) The price of silver on Tuesday rose by Rs 100 to Rs 1,00,100 per kg in Mumbai, according to Rahul Kalantri, vice-president (commodities) of Mehta Equities, said, 'Gold prices hit 3-week highs and silver prices also hit 2-month highs in the international markets. The rally was driven by increased investor demand for safe-haven assets amid escalating geopolitical and economic uncertainties. A 0.7% decline in the US dollar further supported foreign inflows." Investor sentiment turned defensive as President Trump's announcement to double tariffs on steel and aluminium, rekindling trade war concerns with China. Escalating tensions in the Russia-Ukraine conflict further strengthened the safe-haven demand, he added. In the international market, spot gold fell 0.3% to $3,369.98 an ounce, as of 0249 GMT, after hitting its highest level since May 8 earlier in the session. US gold futures were steady at $3,390. What Factors Affect Gold Prices In India? International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country. In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals. With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
News18
27-05-2025
- Business
- News18
Gold Price Today In India: Yellow Metal Falls, Check Latest Rates On May 27
Silver Price In India Today (May 27, 2025) The price of silver on Monday rose by Rs 100 to trade at Rs 1,00,100 per kg in Mumbai, according to Rahul Kalantri, vice-president (commodities) of Mehta Equities Ltd, said, 'on Monday in international Gold prices slipped as safe-haven demand weakened after President Donald Trump postponed the imposition of a 50% tariff on EU goods, shifting the deadline to July 9." Last week, gold and silver gained last week amid safe-haven buying and global uncertainty. Gold prices hit 2-week highs and silver prices also hit 4-week highs after the US president's tweet for levying 25 per cent on Apple phones if not manufactured in the U.S. and also said that the US-EU trade deal is no where will impost trade tariff of 50 per cent on EU from June 1, he added. What Factors Affect Gold Prices In India? International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country. In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals. With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
Time of India
26-05-2025
- Business
- Time of India
Gold rate today: Gold rises by Rs 550 to Rs 99,300; silver rallies by Rs 1,170
Gold rate today: Gold prices surged by Rs 550 to Rs 99,300 per 10 grams in the national capital on Monday, driven by persistent buying from jewellers and retailers, according to the All India Sarafa Association. The precious metal, with 99.9 per cent purity, had closed at Rs 98,750 per 10 grams on Friday. Since Wednesday of the previous week, gold prices have risen by Rs 2,760 per 10 grams. Gold with 99.5 per cent purity also saw a rise of Rs 500, settling at Rs 98,800 per 10 grams (inclusive of all taxes) on Monday, PTI reported. Additionally, silver prices surged by Rs 1,170 to Rs 1,00,370 per kg (inclusive of all taxes), compared to Rs 99,200 per kg in the previous market session. In global markets, spot gold prices dipped by USD 24.83 per ounce, or 0.74 per cent, to USD 3,332.59 per ounce. "In the international markets, gold prices slipped as safe-haven demand weakened after President Donald Trump postponed the imposition of a 50 per cent tariff on EU goods, shifting the deadline to July 9," said Rahul Kalantri, Vice-President of Commodities at Mehta Equities Ltd. Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, added that investors are now awaiting the US Federal Reserve's FOMC (Federal Open Market Committee) meeting minutes, due on Wednesday, to gauge the potential trajectory for interest rate cuts. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
