The yellow metal has also experienced a sharp rise in its price this year, but silver outpaced it and this lowered the gold-to-silver price ratio. On a year-to-date basis, gold climbed about 32% while silver surged about 42%. In comparison, stock market returns have been relatively muted, more so when the current round of correction … Read more
Gold prices reached all-time highs on Wednesday, bucking the trend of a rising dollar, which put additional pressure on both the yen and the euro. Meanwhile, global stocks dipped as investors hesitated to make significant investments in light of the upcoming U.S. election. As of 0748 GMT, spot gold was trading at $2,754.25 per ounce, … Read more
The annual festival season that typically sees a scramble for gold may see a fall in demand this time, the first in four years, as runaway prices put the yellow metal out of reach for many Indians. Gold price nearing ₹80,000 per 10 gm has curbed new purchases and turned customers to exchanging old ornaments … Read more
Both gold and equities are shining bright in fiscal 2025 (FY25), with each asset class enjoying a strong performance this year. Nifty 50 has gained about 16 per cent, while spot gold prices in India have climbed over 12 per cent in FY25 so far. Durable economic growth, easing inflation, increased retail participation, and political … Read more
Gold prices fell by approximately 1% on Wednesday, pressured by a stronger U.S. dollar as investors closely monitored key inflation data from the world’s largest economy for indications of the Federal Reserve’s potential interest rate cut in September. By 9:44 a.m. ET (1344 GMT), spot gold had declined 0.9% to $2,502.38 per ounce, after dropping … Read more
Gold prices dropped in a volatile trading session on Wednesday after data revealed that U.S. consumer prices rebounded as anticipated in July. This dampened expectations for a significant rate cut by the Federal Reserve next month. Spot gold declined by 0.4% to $2,455.91 per ounce by 1338 GMT, while U.S. gold futures fell 0.5% to … Read more
Gold rate today: Following the sluggish demand for physical gold in China, gold prices witnessed strong selling last week. COMEX gold lost around 4.50 percent last week, whereas, in India, the downside in the yellow metal price was deeper due to the price adjustment after the announcement of a customs duty cut by 9 percent … Read more
While investors have been increasing their equity holdings over the past few months, driving the S&P BSE Sensex and Nifty 50 to record highs, it is silver that has delivered the best return in the first half of 2024 (H1-CY24), with gains exceeding 30 percent during this period. Data shows that over 20-year and 10-year … Read more
Gold prices surged over 1 per cent to a record high on Tuesday as investors turned to the safe-haven asset following comments from Federal Reserve officials that solidified expectations for a U.S. interest rate cut in September. By 11:01 a.m. ET (1501 GMT), spot gold increased by 1.3 per cent to $2,452.29 per ounce, while … Read more
At 1304 GMT, spot gold surged by 0.9% to $2,396.81 per ounce. Bullion prices have climbed by 1.5% this week, following a one-month high on Thursday. In the meantime, gold futures for June delivery in the U.S. concluded 0.4% lower, settling at 2385.50 per ounce. “Gold prices inched higher, hovering near $2400 while silver marked … Read more