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Mint
19 hours ago
- Business
- Mint
Gold prices today in your city: Check prices in Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi and Kolkata on June 15
Gold, silver prices in your city, June 15: Escalating tensions in the Middle-East after Israel attacked Iran's nuclear facilities and the latter responded with drone attacks, has pushed up gold prices due to fears of a full-blown war in the region. Further, the yellow metal has rallied due to a weak United States Dollar (USD), disappointing economic indicators, expectations of interest rate cuts by the US Federal Reserve bank, and a collective risk-off sentiment across financial markets. Experts are firm that gold and silver are safe haven bets that investors can make to safeguard their portfolios in these volatile markets. According to Sugandha Sachdeva, Founder of SS WealthStreet, the geopolitical tensions have 'significantly increased global risk aversion, reinforcing gold's appeal as a safe-haven asset'. As for gold, prices have risen 31 per cent year-to-date (YTD) with consistent record highs solidifying its position among 2025's top-performing asset classes and a reliable hedge. Over the past 20 years, gold prices have skyrocketed by an impressive 1,200 per cent from ₹ 7,638 in 2005 to over ₹ 1,00,000 in 2025 (till June), and delivered positive returns in 16 of these years. Further, silver has also proved resilient. Prices have held above the ₹ 1 lakh/kg mark for the past three week. Over the past 20 years (2005-2025), the metal has gained a solid 668.84 per cent. Prices opened higher today at 7.40 am on June 15. The MCX gold index was at ₹ 1,00,314/10 gm, the official website showed. Meanwhile, MCX silver prices were at ₹ 1,06,474/kg, it showed. Further, 24-carat gold was priced at ₹ 1,00,470/10 gm, according to data on the Indian Bullion Association (IBA) at 7.40 am on June 15. Further, 22-carat gold was priced at ₹ 92,098/10 gms. Silver prices today are at ₹ 1,06,920/kg (Silver 999 Fine), as per the IBA website. So, check here gold prices and silver rates in your city today on June 15 — Delhi, Kolkata, Mumbai, Hyderabad, Bengaluru, and Chennai. Notably, for retail customers, jewellers may add making charges, taxes and GST to the bill, which could hike the final price for you. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions. Key Takeaways Gold prices have risen 31% year-to-date, indicating a strong market performance. Geopolitical tensions and a weak US dollar are primary factors influencing gold price increases. Investors view gold and silver as reliable hedges against market volatility.
India Today
02-06-2025
- Business
- India Today
Revanth Reddy sets 2047 goal for Telangana to reach USD 3 trillion economy
On the occasion of Telangana Formation Day, Chief Minister A Revanth Reddy announced that the state is aiming to become a United States Dollar (USD) 3 trillion economy by the year 2047, aligning with India's national goal of reaching a USD 30 trillion at the celebrations, Reddy stated that Telangana aspires to contribute 10 percent to the national Gross National Product (GDP) by 2047. He introduced the 'Telangana Rising 2047' policy document, which outlines a strategic roadmap for growth in key sectors such as energy, tourism, industries, investments, and to the Chief Minister, the state's goal is to achieve a USD 1 trillion economy in the next 10 years, and then expand to USD 3 trillion by 2047. Telangana holds 2.5% of India's population and contributes 5% to the national GDP, a figure the state aims to double in the coming decades. Reddy called on professionals across fields including doctors, engineers, bureaucrats, and business leaders to support the state's part of urban development plans, he announced efforts to elevate Hyderabad to global standards. Projects include the revival of the Musi river and the transformation of Bapu Ghat into an international-level memorial named 'Gandhi Sarovar'.The Chief Minister also unveiled plans for a massive urban development project called Bharat Future City, to be built near the Rajiv Gandhi International Airport. Spanning 30,000 acres, the city will host specialised hubs such as AI City, Sports City, Life Sciences, Health City, and Pharma City. A dedicated Future City Development Authority has been established to oversee the also criticised the previous administration, claiming that the aspirations of the people were not fulfilled after Telangana's formation in 2014. He said the current government, in office since December 2023, is focused on correcting past mistakes and rebuilding the part of the celebrations, he hoisted the national flag, inspected the parade, and awarded Rs 1 crore each to nine notable individuals, including the late folk singer Gaddar, who played key roles in the statehood movement. In some cases, family members accepted the awards on their Mayor of Kitakyushu City, Japan, Kazuhisa Takeuchi, attended the celebrations as a special officially became a state on June 2, 2014, following its separation from undivided Andhra Pradesh after a long struggle for by Thejaswini N IN THIS STORY#Telangana
Mint
21-05-2025
- Business
- Mint
Gold prices today in your city: Check prices in Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi and Kolkata on May 21
Gold, silver prices in your city, May 21: Price of gold is on the rise today, amid weakness in the United States Dollar (USD) and concerns about fiscal uncertainty in the world's largest economy led by President Donald Trump. Experts are steadfast that gold and silver are safe haven investments and recommend a mix of commodities in your portfolio to safeguard against any volatility in the markets. In terms of returns, over the past year along, gold cost has jumped 30 per cent, returned 15 per cent CAGR since 2001; and since 1995, has beaten inflation by over 2-4 per cent, data shows. Further, while gold in 2025 has seen highs and lows, silver has been a slow and steady winner, sometimes beating out gold in terms of insulation from volatility. Some experts state that even on dips, buying gold is an 'opportunity' and others recommend gold ETFs to create exposure, instead of the metal itself, to further cut down on making charges and storage cost. So, you must check your own portfolio, goals, and with you financial manager (if one), for how to invest in these. Prices opened higher today by ₹ 450 per 10 grams on May 21. At 10.30 am, the MCX gold index was at ₹ 95,291/10 gm, the official website showed. Meanwhile, MCX silver prices were at ₹ 97,620/kg, it showed. Further, 24-carat gold was priced at ₹ 95,730/10 gm, according to data on the Indian Bullion Association (IBA) at 10.30 am on May 21. Further, 22-carat gold was priced at ₹ 87,735/10 gms. And, silver prices today are at ₹ 97,880/kg (Silver 999 Fine), as per the IBA website. So, check here for prices of gold and silver in your city today on May 21 — Delhi, Kolkata, Mumbai, Hyderabad, Bengaluru, and Chennai. Notably, for retail customers, jewellers may add making charges, taxes and GST to the bill, which could hike the final price for you. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
