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
Technical posture for gold remains bullish – analyst India slashes import tax on gold, silver Focus on US PCE data on Friday July 23 – Gold prices edged up on Tuesday and were set to break a four-day losing streak, as investors awaited U.S. economic data due later this week for more clarity on the … 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
Silver prices were around ₹69,000-odd levels in the last week of February; they are trading near the ₹81,000-odd levels now. The recent rise in silver prices could be attributed to various factors, including geopolitical tensions, global economic uncertainty, rate-cut hopes and industrial demand. “The increase in silver prices can be attributed to global concerns, including … Read more
“Even compared to gold, silver is beginning to look good. Unlike gold, silver also has some linkage to industrial demand. The US leading indicator on industrial production is also looking good. So, all this put together bodes well for silver,” she says. Barring some legacy stock holdings, about 90% of Mehra’s investments are channeled through … Read more
A new set of revised annual maintenance charges on Classic, Silver, Global, Contactless, and other categories of SBI debit cards will come into effect from April 1, according to State Bank of India’s website. The existing annual maintenance charges will be revised from next month. Annual maintenance charges have been raised by ₹75 for different … Read more