MCX Gold futures hit their lifetime high on Wednesday as a weaker dollar aided the cause of the yellow metal in the international markets. February future contract scaled an all-time high of Rs 62,934 on the intraday basis. The dollar index is currently trading at three month lows and has slipped below 103 mark. On … Read more
Gold and silver futures traded weak on the MCX on Monday amid lack of positive triggers. On the Comex, the yellow metal traded flat hovering near three-week lows as the Street awaits US inflation data for more cues on the interest rate trajectory from the US Federal Reserve. The December gold futures were trading at … Read more
Chair Jerome Powell’s statement that the US Federal Reserve will not hesitate to raise interest rates further, if necessary, to achieve its 2% inflation target, took some sheen out of the yellow metal on Friday as bullion traded in the red in the early trade. At 9:30 am, MCX December gold futures were trading at … Read more
Dhanteras 2023 gold buying today: Buying gold or gold jewellery on Dhanteras is considered auspicious by many. Gold has for a long time been seen as a safe haven investment for conservative investors and tends to act as a hedge against risks over the long-term. Amidst the ongoing global geo-political conflicts, gold has found favour … Read more
Gold prices fell on Thursday as investors preferred booking profit in the absence of triggers for bullion. The prices in gold and silver declined despite a weak dollar index (DXY). MCX December gold futures were trading at Rs 59,901 per 10 gram, up by Rs 108 or 0.18% from the Thursday closing price. Meanwhile, the … Read more
New Delhi: Online shopping platforms are very popular as they not only make shopping easier but also bring great deals and sales for customers, giving them the opportunity to buy their favourite products at an extremely low price, as compared to the actual stores. Online shopping platform Amazon is offering bumper discounts on all kinds … Read more
Home Business Gold Rates Today: Yellow Metal Hovers Above Rs 50,000 in Major Cities. Check Revised Prices In Your City It should be noted that gold prices in India are determined by several factors including currency, global demand, interest rates and government policies. In Ahmedabad, the retail price of gold for 10 grams of 22-carat … Read more
Dismal US monthly job report and ISM services data Friday sank the US yields and consequently, the US Dollar index, which propelled the gold prices above $2000. However, reduced geopolitical concerns led to a decline from the day’s high. Spot gold closed with a gain of 0.36% at $1992.72. It was lower on the week … Read more
Home Business Sovereign Gold Bond Opens For Subscription Today: Check Price, Discount, Interest Rate Details Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The SGBs are issued by the RBI on behalf of the government. Sovereign Gold Bond Scheme 2023-24 Opens For Subscription On September … Read more
Highlight of the week ending September 8 was a somewhat unexpected surge in the US yields despite a softer than expected US non-farm payroll report for the month of August released on September 1. Notwithstanding the somewhat weaker than expected monthly job report, the US yields surged on the huge quantum of corporate bond issuance … Read more