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The Print
3 days 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
3 days 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
3 days 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.
Business Recorder
08-05-2025
- Business
- Business Recorder
Gold rises as Fed flags economic uncertainty; Sino-US trade talks in focus
Gold climbed on Thursday after the Federal Reserve warned of rising inflation and labor market risks fuelling economic uncertainty, while investors awaited the outcome of the US-China trade talks this weekend. Spot gold rose 0.9% to $3,392.90 an ounce, as of 0416 GMT. US gold futures firmed 0.2% to $3,399.80. 'The focus in the yellow market was on the statements from the Fed, as they left rates unchanged but flagged risk of higher inflation and unemployment,' said Reliance Securities' senior commodity analyst Jigar Trivedi. The Fed held interest rates steady on Wednesday but said risks of higher inflation and unemployment had risen, as its policymakers grapple with the impact of President Donald Trump's tariffs. Trump suggested China initiated the upcoming senior-level trade talks between the two countries and said he was not willing to cut import tariffs on Chinese goods to get Beijing to the negotiating table. 'The hotter rhetoric from Trump about trade negotiations with China', is also helping the market sentiment, financial market analyst Kyle Rodda said. 'It taps into two key themes which are slower US growth and de-dollarisation.' Trump is expected to announce a trade deal between the US and Britain on Thursday, the New York Times reported. The non-yielding bullion, a safeguard against political and financial turmoils, thrives in a low-interest-rate environment. Gold slips more than 1pc; Fed verdict on tap Elsewhere, India struck Pakistan and Pakistani Kashmir on Wednesday over the tourist killings in Kashmir last month. Pakistan vowed to retaliate and said it shot down five Indian aircraft. 'If (tension) further escalates…then we might see gold continue to rise and maybe break the previous high that we've seen,' said Brian Lan, managing director, GoldSilver Central, Singapore. Bullion hit a record high of $3500.05 on April 22. Spot silver rose 1.2% to $32.85 an ounce, platinum gained 0.9% to $982.81 and palladium fell 0.3% to $969.93.
Khaleej Times
08-04-2025
- Business
- Khaleej Times
Dubai: Gold prices drop; 24K variant sells at Dh361.75
Global gold prices rebounded on Tuesday from a near four-week low reached in the previous session, as heightened concerns over the trade war between the US and its key trading partners lifted investor appetite for safe-haven assets. In UAE, 24k fell Dh3 and opened at Dh361.75 per gram against Dh364.75 when markets closed on Monday. The 22K variant was selling at Dh335 per gram. Among the other variants, 21K and 18K opened at Dh321 and Dh275.25 per gram, respectively. US President Donald Trump ramped up tariff threats against China on Monday, while the European Union outlined plans for retaliatory duties, deepening fears of a drawn-out trade war that could tip the global economy into recession. "Escalation of the trade war could trigger a global recession, and that is driving safe-haven demand," said Reliance Securities' senior analyst Jigar Trivedi. "Despite slipping in the previous sessions, gold is still strong and should remain on the upward trend," because of the bullish undertone. Trump said he was not considering a pause on tariffs to facilitate negotiations with trading partners, but mentioned that he would engage in discussions with China, Japan and other countries regarding the duties. Spot gold rose 1% at $3,013.42 an ounce. Bullion hit its lowest level since March 13 on Monday. US gold futures gained 1.3% to $3,010.70. Gold, often considered a safe investment during times of political and financial uncertainty, scaled an all-time peak of $3,167.57 on April 3. Markets will be closely monitoring minutes from the US Federal Reserve's latest policy meeting, scheduled for release on Wednesday. Traders also await US Consumer Price Index data, due on Thursday, and the Producer Price Index on Friday for US interest rate cues amid escalating global trade war and recession fears. Futures now point to around 93 basis points' worth of interest rate cuts by the US Fed by December. Among other metals, spot silver eased 0.1% to $30.09 an ounce, platinum firmed 1.3% to $925.35 and palladium lost 0.3% to $915.80.
