gold rates see biggest weekly drop in 3 years. Good time to buy?
Despite the fall in prices, analysts remain bullish about the yellow metal's long-term potential. Here is all you need to know. Key Points
India Todaygold demand in India surges 18% in Jul-Sept on strong jewellery sales
World gold Council report says Indian bought gold worth Rs 1.65 lakh crore in Jul-Sep, undeterred by 28 per cent jump in global prices. Key Points
Business TodayRBI parks majority of its gold reserves in India; Local holdings up 100 tonnes in H1
The Reserve Bank of India increased its domestic gold holdings by over 100 metric tonnes by September 2024. It now holds 854.73 metric tonnes of gold, with a significant portion stored domestically. The share of gold in the RBI's total foreign exchange reserves also rose to 9.32%, amidst a rise in overall foreign reserves to $705.78 billion. Key Points
Economic Timesgold holds firm after Fed's bumper rate cut
By Daksh Grover (Reuters) - gold prices rose on Thursday after hitting a record high in the previous session, as the U.S. Federal Reserve delivered a super-sized interest rate cut. Spot gold rose 0.5% Key Points
ThePrintCan gold reach ₹75,000 level again in India? Here’s what experts say
Gold’s outlook remains positive, despite increasing volatility. Depending on the impact of rate cuts, if the Fed implements a 50 basis point reduction, a significant rally in the metals market can be expected. Key Points
mint
Victim of Pompeii's ancient volcanic eruption found lying on bed with gold
The woman was lying on a bed with gold, silver and bronze coins around her, along with jewelry including gold and pearl earrings. The man lay at the foot of the bed. Key Points
India Todaygold drifts higher on Fed rate-cut hopes, geopolitical risks
By Ashitha Shivaprasad (Reuters) -Prices of safe-haven gold climbed on Monday on heightened geopolitical tensions in the Middle East and amid expectations of a U.S. rate cut in September, while focus Key Points
ThePrint'If government of India and Karnataka...': Vedanta chairman Anil Agarwal has a fix for India's gold, copper pinch
India consumes around 900 tonnes of gold each year but produces only 1 tonne domestically. In copper, we import 95% of our requirement worth over $3 billion a year or Rs 24,000 crore, Agarwal wrote. Key Points
Business Todaygold hits two-week high as bond yields fall; US jobs data on tap
By Harshit Verma (Reuters) - gold prices hit a two-week high on Thursday as U.S. bond yields fell on signs of a cooling labour market, strengthening a case for a September interest rate cut by the Key Points
ThePrint'Perfect storm' steers gold to another record high; silver jumps
By Harshit Verma (Reuters) - gold prices rose to an all-time high on Monday as a cocktail of factors from U.S. rate cut expectations, China's stimulus measures to geopolitical tensions lifted demand, Key Points
ThePrint
gold loan interest rates 2024: Check latest rates from SBI, HDFC, ICICI, PNB, Axis, BoB
Financial Literacy News: gold loans can provide a quick and hassle-free solution for individuals in need of immediate funds. Unlike other loans, such as home loans, which involve extensive paperwork and complicated approval processes, gold loans offer a simpler approach. Key Points
Times Of IndiaGold, silver trade at record high levels for second day
Gold prices rise by Rs 140 to scale a new peak of Rs 71,840 per 10 grams in National Capital. Extending the record breaking run to the second day in a row, gold... Key Points
The Tribune Indiagold Breaks Records! Top 6 mutual funds to mine investment opportunities
Gold can serve as a hedge against inflation and market volatility, although its price can be subject to fluctuations. By carefully assessing your investment objectives and risk tolerance, you can utilize gold mutual funds to bolster your portfolio's resilience against market swings. Key Points
mintgold consolidates at all-time high on US Fed rate cut hopes, silver near 3-year high mark
Spot gold was down 0.3 per cent at $2,291.88 per ounce, after hitting a record high of $2,304.09 earlier in the day. US gold futures declined 0.3 per cent to $2,308.30 Key Points
mintLucknow news: 30 passengers, detained in gold smuggling case, escape from airport
Several passengers escaped from Lucknow airport after being detained for gold smuggling. Customs officials seized cigarettes and cash worth crores. Key Points
mint
gold will probably reach $2350-2400 per ounce very quickly; silver may have more upside: Peter McGuire
Peter McGuire predicts silver to outperform gold, driven by underinvestment and industrial demand. Geopolitical tensions could push crude prices higher, while Bitcoin's volatility continues amidst stable USD index. The economic outlook for the second quarter remains uncertain. McGuire also says that silver might have more upside than gold over the next matter of months in the sense of performance and ratio to gold . Key Points
Economic Timesgold rush to summit sees demand trampled
Gold prices soar in Kolkata's Zaveri Bazaar, impacting sales. Jewellers hopeful for a recovery during Akshay Tritiya. Mumbai sees 70% demand slump, while investment in bars rises. Analysts predict further price hikes due to global factors. Key Points
Economic Timesgold hits a new record, best month in over 3 years
Though MCX remained closed on account of Good Friday, prices of 24k gold were quoting above Rs 70,000 per 10gm (including import duty & GST) in the local market. With the yellow metal closing at an all-time high of $2,233, Indian Bullion and Jewellers Association national secretary Surendra Mehta said it may well open $30-40 higher on Monday. Key Points
Economic TimesComing soon: A shield for your pledged gold
Banks plan to establish standardised rules for heirs to repay gold loans and reclaim family jewellery after the borrower's death. Variability in current practices leads to legal challenges and auctioning of pledged gold. Key Points
Economic Timesgold continues to shine bright on strong demand, up 8% since November 2022
The upcoming release of the U.S. core personal consumption expenditure (PCE) price index report, scheduled for Friday, holds significance for investors as it provides insights into the Federal Reserve's policy direction. Key Points
mintgold rises Rs 150; silver declines Rs 250
New Delhi, Mar 27 (PTI) gold price rose Rs 150 to Rs 67,000 per 10 grams in the local market on Wednesday in line with firm trends globally, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 66,850 per 10 grams. However, silver prices declined by Rs 250 to […] Key Points
ThePrintgold gains over 11% in FY2024 so far. But are these best returns in last 10 years?
As the financial year 2023-24 (April-March) is set to close in a week, gold's returns so far amount to an impressive 11% beating the inflation by nearly twice. However, returns by silver over the same period have been a mere 3.2%. Key Points
Economic Timesgold pulls back from record peak as dollar gains
By Anjana Anil (Reuters) - gold dipped on Friday as the dollar strengthened, but was on track for a weekly gain after rallying to a record high in the previous session in the wake of the U.S. Federal Key Points
ThePrintgold pulls back from record peak as dollar bounces
By Anjana Anil (Reuters) - gold dipped on Friday as the dollar strengthened, but was on track for a weekly gain after rallying to a record high in the previous session in the wake of the U.S. Federal Key Points
ThePrintgold retreats as dollar firms, but set for weekly gain
By Sherin Elizabeth Varghese (Reuters) - gold prices fell on Friday after grazing a record high in the previous session as the dollar firmed, but was set for a weekly gain after the U.S. Federal Key Points
ThePrintgold tumbles Rs 875; silver plunges Rs 760
New Delhi, Mar 22 (PTI) gold price tumbled Rs 875 to Rs 66,575 per 10 grams in the national capital on Friday amid weak trends in global markets, according to HDFC Securities. The precious metal had settled at Rs 67,450 per 10 grams in the previous trade. In addition, silver also plunged Rs 760 to […] Key Points
ThePrintBetween a rock & hot gold, Indians romancing the stone
Gold and silver prices rallied on Thursday after the US Federal Reserve maintained that it would cut interest rates three times in 2024. The weakening of the dollar and prospects of increased liquidity coupled with lower interest rates sparked the rally, said experts. Key Points
Economic Timesgold loan should be your last resort. Aparna Ramachandra explains why
Aparna Ramachandra advises on navigating the complexities of gold loans, including interest rate comparisons, repayment strategies, and the significance of assessing lenders' credibility and grievance redressal mechanisms for a secure borrowing experience. Ramachandra points out: If you choose to go to an NBFC, please remember that while your turnaround time is faster, the ability to get the loan is easier, you will end up paying maybe a higher rate of interest compared to a bank. Key Points
Economic Timesgold advances on renewed rate cut bets after Fed verdict
By Anjana Anil (Reuters) - gold climbed over 1% on Wednesday after the U.S. Federal Reserve indicated they expect to reduce interest rates by three quarters of a percentage point by end-2024, sending Key Points
ThePrintgold stalls as traders position for Fed rate decision
By Anjana Anil (Reuters) - gold was little changed on Wednesday as traders waited for the Federal Reserve's interest rate signals at the end of the U.S. central bank's meeting and Chair Jerome Key Points
ThePrint
ETMarkets Smart Talk: Big money made when a midcap/ smallcap stock is in Nifty100 league: Sameer Kaul
Sameer Kaul advises caution on high valuations and recommends quality large-cap investments. FY25 may not repeat FY24 returns. Various sectors show promise. gold prices hit record highs. RBI emphasises stronger credit standards and KYC norms. Kaul says: We continue to advocate a disciplined approach of regular investment and refrain from the temptation of putting a qualitative tag on the market regarding its worth or the lack of it Key Points
Economic TimesBeyond the Bling: 3 best investment assets for women in gold
Investing empowers women with financial independence and long-term security, creating wealth for the family. Yellow gold provides stability, security, and acts as a hedge against losses, offering easy liquidity and protection against inflation risks. Key Points
mintgold falls to Rs 66,140 per 10 grams; silver declines Rs 100
New Delhi, Mar 18 (PTI) gold price marginally fell Rs 10 to Rs 66,140 per 10 grams in the national capital on Monday, according to HDFC Securities. The precious metal had closed at Rs 66,150 per 10 grams in the previous trade. Silver also declined Rs 100 to Rs 77,000 per kg. Show Full Article […] Key Points
ThePrintgold little changed ahead of Fed meeting
By Sherin Elizabeth Varghese (Reuters) - gold prices were little changed on Monday ahead of the U.S. Federal Reserve's policy decision and a series of other central bank meetings this week. Spot gold Key Points
ThePrintgold regains ground as investors strap in for Fed policy meet
By Anjana Anil (Reuters) - gold prices firmed after dipping to one-week lows on Monday as investors awaited a series of central bank meetings this week, including the U.S. Federal Reserve's policy Key Points
ThePrintgold hits more than one-week low ahead of Fed meet
By Sherin Elizabeth Varghese (Reuters) - gold prices fell to a more than a one-week low on Monday, as investors positioned ahead of the U.S. Federal Reserve's policy decision and a series of other Key Points
ThePrint'Gold and Bitcoin are both useless asset classes': Why average investors must avoid gold, cryptocurrencies
Gold and Bitcoin investments: This is a dangerous illusion. The volatility of these assets makes them unsuitable for the average investor seeking stability and growth over the long term. Though some have built fortunes on the rapid ascent of Bitcoin and gold, many more have suffered losses when their values plummeted without warning. Key Points
Economic Timesgold retreats as dollar, yields firm on higher US inflation data
By Anjana Anil (Reuters) - gold slid on Thursday after a larger than expected rise in February's U.S. producer price index (PPI) cooled expectations of early rate cuts by the Federal Reserve, boosting Key Points
ThePrintgold falls as dollar firms, traders await more US data
By Harshit Verma (Reuters) -Gold prices fell on Thursday, hit by a firmer U.S. dollar and elevated Treasury yields, while traders awaited more U.S. economic data that could steer hopes for a mid-year Key Points
ThePrintWhy are gold and silver valuable additions to an investor's portfolio? Explained
Stock market indices are breaking records, while bond yields have eased globally. gold and silver are valuable additions to a diversified portfolio, offering uncorrelated assets to equities. Both metals perform well during economic challenges, providing inflation protection and high returns. Key Points
mintgold rebounds on dollar retreat as Fed still seen cutting rates
By Anjana Anil (Reuters) - gold prices rose on Wednesday, buoyed by a weaker dollar, as investors held on to hopes of a June rate cut by the Federal Reserve despite a hot U.S. inflation print, while Key Points
ThePrintgold subdued as US inflation surprise casts doubt on June rate cut
By Harshit Verma (Reuters) -Gold prices steadied on Wednesday, after posting their biggest drop in a month in the previous session, as sticky U.S. inflation raised concerns that the Federal Reserve Key Points
ThePrintCentre exempts gold import by RBI from customs duty, agri cess
The Centre exempted gold imported by the Reserve Bank of India from import duty and Agriculture Infrastructure Development Cess. India, the second-biggest consumer of gold, depends on imports. Cumulative gold imports reached $37.85 billion from April-January in FY24, with imports in January alone standing at $1.9 billion. Key Points
Economic TimesChinese buying set the stage for gold’s latest record run
The gold rally, triggered by bets on the US Federal Reserve's pivot to looser monetary policy, was fueled by investment funds and algorithmic traders, while central banks, especially China, continued to make massive purchases. Geopolitical risks further supported the rally as gold prices reached record highs. After months of mostly treading water, the gold market suddenly sprang to life last Friday. Prices breached Decembers record on Tuesday and have jumped to successive daily highs ever since. Key Points
Economic Timesgold marches higher as US jobs data boosts bets of early rate cut
By Anjana Anil (Reuters) - gold prices surged to a fresh record high on Friday as data showing a rise in the U.S. unemployment rate boosted expectations that the Federal Reserve could begin cutting Key Points
ThePrint
Want turbocharged returns in 2024? Then invest in gold
Gold prices are soaring, driven by interest rate cut hopes, weakening dollar index, and geopolitical unrest. Central banks' increasing gold reserves and expanding industrial demand further support gold prices. Investors should consider adding gold to their portfolios. Key Points
Economic TimesPSU banks ordered to test purity of gold loan book
The concern comes amid a 17% rise in gold loans on a year-on-year basis and a 16.6% rally in the yellow metal's prices. Loans against gold jewellery stood at ₹1,01,934 crore as of January 26 and gold prices have touched a high of ₹65,140 per 10 grams on March 5. The finance ministry stated that it had noticed instances of non-compliance regarding the gold loan portfolio and had hence issued the directive. Key Points
Economic Timesgold nanoparticles can help arrest ageing: Experts
Gold nanoparticles, known as 'gold bhasma,' have various therapeutic and beautifying properties. They protect the skin, combat aging, improve metabolism, and rejuvenate the body. The efficacy of gold nanoparticles in skincare is supported by Ayush, AIMIL, and European researchers. AIMIL's sparkling gold face wash, enriched with Kashmiri saffron, rose, lotus, and marigold distillates, promotes a balanced complexion. Key Points
Economic Timesgold extends rally to hit new record as Powell hints at rate cut in 2024
By Harshit Verma (Reuters) - gold prices rallied to hit new records on Thursday, on track for their seventh consecutive daily rise, led by weak U.S. economic data and Federal Reserve Chair Jerome Key Points
ThePrintgold extends rally to record as Powell hints at rate cut in 2024
By Harshit Verma (Reuters) - gold prices surged to a record high on Thursday, poised for their seventh consecutive daily rise, led by sluggish U.S. economic data and Federal Reserve Chair Jerome Key Points
ThePrint
gold Rate Today: Yellow metal hits yet another life high of Rs 65,298; monthly gains extend to over Rs 2,7
Gold reached a new lifetime high on the MCX due to hopes of a US Federal Reserve interest rate cut. MCX Silver declined while the dollar index (DXY) fell. gold and Silver futures on Comex were trading at $2,158.50 and $24.390 per troy ounce, respectively. Key Points
Economic Timesgold rises Rs 150; silver declines Rs 400
New Delhi, Mar 6 (PTI) gold prices on Wednesday rose by Rs 150 to Rs 65,150 per 10 grams in the national capital amid strong global cues, according to HDFC Securities. Extending gains for the second straight day, the precious metal touched a fresh lifetime of Rs 65,150 per 10 grams. In the previous trade, […] Key Points
ThePrintIndia mulls quota-based duty cuts on gold imports to Switzerland under EFTA
Switzerland had sought duty concessions on inbound shipments of gold, which accounts for about 80% of Indias total imports from Switzerland. Quota based concessions to Switzerland are crucial as India has already extended 1% duty concession to gold importers under tariff rate quota in its trade pact with the UAE. Key Points
Economic Timesgold holds above $2,100 near record high, focus on Powell testimony
By Harshit Verma (Reuters) - gold prices held above the $2,100 level on Wednesday, near a record peak hit in the previous session as hopes for U.S. rates easing by mid-year mount, while traders Key Points
ThePrintMounting US rate cut bets fuel gold to record highs
By Anjana Anil and Ashitha Shivaprasad (Reuters) - gold struck a record high on Tuesday, moving further above $2,100 per ounce in a rally sparked by growing bets for a U.S. interest rate cut in June, Key Points
ThePrint
Yellow metal surges Rs 800 to hit record high of Rs 65K per 10 gm
Gold prices on Tuesday surged Rs 800 to hit a fresh record high of Rs 65,000 per 10 gm in the national capital amid strong global trends, according to... Key Points
The Tribune IndiaMounting US rate cut bets push gold to record highs
By Anjana Anil and Ashitha Shivaprasad (Reuters) - gold struck a record high on Tuesday, moving further above $2,100 per ounce in a rally sparked by growing bets for a U.S. interest rate cut in June, Key Points
ThePrintgold carried to record high on wave of momentum with focus on US rates
By Polina Devitt and Ashitha Shivaprasad LONDON (Reuters) - gold hit a record high on Tuesday, with growing expectation of U.S. monetary easing and continued geopolitical risk buoying activity from Key Points
ThePrintgold hits record high of Rs 65,000 per 10 grams
Silver also rallies Rs 900 to Rs 74,900 per kg. gold prices on Tuesday surged Rs 800 to hit a fresh record high of Rs 65,000 per 10 grams in the national... Key Points
The Tribune Indiagold hovers near 3-month peak as eyes on Powell's testimony
By Harshit Verma (Reuters) - gold prices steadied near a three-month peak on Tuesday, supported by subdued U.S. manufacturing and construction spending, as investors awaited testimony from Federal Key Points
ThePrintgold hovers near 3-month peak; focus on Powell's testimony
By Harshit Verma (Reuters) - gold prices steadied near a three-month peak on Tuesday, supported by subdued U.S. manufacturing and construction spending, as investors awaited testimony from Federal Key Points
ThePrintgold remains flat at Rs 64,200 per 10/grams; silver declines Rs 200
New Delhi, Mar 4 (PTI) gold prices remained flat at Rs 64,200 per 10 grams in the national capital on Monday in line with firm global trends, according to HDFC Securities. However, silver prices plunged Rs 200 to Rs 73,800 per kg, while it had ended at Rs 74,000 per kg in the previous trade. […] Key Points
ThePrintgold lingers near two-month peak as bets build for June US rate cut
By Sherin Elizabeth Varghese (Reuters) - gold prices were anchored near a two-month peak on Monday, following last week's tepid U.S. economic data, which solidified bets for the Federal Reserve's Key Points
ThePrintgold hovers near two-month peak as bets build for June US rate cut
By Sherin Elizabeth Varghese (Reuters) - gold prices were anchored near a two-month peak on Monday, following last week's tepid U.S. economic data, which solidified bets for the Federal Reserve's Key Points
ThePrintgold near two-month peak as anticipation builds for June US rate cut
By Harshit Verma (Reuters) - gold prices lingered close to a two-month high on Monday, after softer U.S. economic readings last week cemented prospects of an interest rate cut in June by the Federal Key Points
ThePrintgold near two-month peak on rising hopes for Fed rate cut in June
By Harshit Verma (Reuters) - gold prices lingered close to a two-month high on Monday, after softer U.S. economic readings last week cemented prospects of an interest rate cut in June by the Federal Key Points
ThePrintgold advances to 4-week peak as US rate cuts expected soon
By Ashitha Shivaprasad (Reuters) - gold started March on a positive note, with prices rising to a four-week high on Friday after data showing signs of abating inflation hardened expectations of a U.S. Key Points
ThePrintgold hovers near one-month peak on slowing US inflation
By Harshit Verma (Reuters) - gold prices hovered near a month high on Friday after data suggested easing U.S. price pressures, while traders awaited remarks from several Federal Reserve officials. Key Points
ThePrintgold holds ground as traders buckle in for Fed cues
By Ashitha Shivaprasad (Reuters) - gold prices ticked up on Wednesday as traders strapped in for key economic data and comments from U.S. central bank officials on the timeline of interest rate cuts. Key Points
ThePrintgold holds firm as investors look to inflation data
By Ashitha Shivaprasad (Reuters) - gold prices moved up on Tuesday as the U.S. dollar and Treasury yields lacked momentum, while investors await key inflation reading and comments from Federal Reserve Key Points
ThePrintgold subdued as traders ready for US inflation data
By Ashitha Shivaprasad (Reuters) - gold inched lower on Monday as the market focus shifted to U.S. inflation data due this week which could influence the timeline of Federal Reserve interest rate cuts Key Points
ThePrintgold backs off two-week highs on US rate cut concerns
By Sherin Elizabeth Varghese (Reuters) - gold prices eased on Monday, hovering below the over two-week peak hit in the previous session, as fading odds of an early U.S. interest rate cut weighed on Key Points
ThePrintgold off two-week highs as US dollar ticks higher
By Sherin Elizabeth Varghese (Reuters) - gold prices inched lower on Monday pressured by a gaining U.S. dollar, but bullion's losses were cushioned as growing tensions in the Middle East supported the Key Points
ThePrintgold slips as dollar firms after US data signals resilient economy
By Anushree Ashish Mukherjee (Reuters) - gold prices fell from a near two-week high on Thursday, driven by a firm U.S. dollar after jobless claims data indicated a strong economy, while investors Key Points
ThePrintgold climbs on dollar retreat and conflict-driven demand
By Anjana Anil (Reuters) - gold prices rose on Thursday, driven by a retreating U.S. dollar and safe haven demand on the back of the Middle East conflict while investors await further U.S. economic Key Points
ThePrintgold firms as softer dollar, Middle East tensions lend support
By Sherin Elizabeth Varghese (Reuters) - gold prices edged higher on Thursday, buoyed by a weaker dollar and escalating tensions in the Middle East, while investors await more U.S. economic data that Key Points
ThePrintgold rises on softer dollar, safe-haven demand; focus on Fed minutes
By Sherin Elizabeth Varghese (Reuters) - gold prices rose for a sixth straight session on Wednesday, supported by a weaker dollar and safe-haven buying, ahead of the minutes from the U.S. central Key Points
ThePrintgold hits over one-week high as dollar eases, Fed minutes on radar
By Anushree Ashish Mukherjee (Reuters) - gold prices climbed to their highest level in more than a week on Tuesday as the dollar retreated, while the spotlight shifted to the release of the U.S. Key Points
ThePrintgold at 1-week high as soft dollar, Middle East turmoil lift demand
International Business News: gold prices rose to a nearly one-week high on Monday as a slight pullback in the U.S. dollar and escalating tensions in the Middle East lifted bullion's safe-haven appeal. Key Points
Times Of India