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Gold Rebounds

Gold prices rebound to Rs 80k-level despite Trump's aggressive trade policy

Gold prices have breached Rs 80,000 per 10 grams levels in major Indian cities, recovering from the impact of Donald Trump's expected high tariff trade policy and a firm US dollar, analysts said. A flare-up in geopolitical tensions due to the Russia-Ukraine war is bolstering the precious metal, which crossed the USD 2,700 an ounce level in global markets, they added. The uncertainty surrounding the US economy and volatile stock markets are also driving inflows into the safe-haven, however, the US Federal Reserve's (Fed) cautious attitude towards policy interest rate and strong US dollar are acting as headwinds for the bullion, analysts stated. On the Multi Commodity Exchange (MCX), gold prices tanked Rs 6,775, or 8.5 per cent, to hit Rs 73,000 per 10 grams after Donald Trump's victory raised expectations of a restricted trade policy by the US. "Gold prices had fallen 8 per cent after the US election results. "The strengthening US dollar index which rose from USD 101 to 107.5 press

Gold prices rebound to Rs 80k-level despite Trump's aggressive trade policy
Updated On : 24 Nov 2024 | 7:52 PM IST

Gold rate today: US election, Brics, Mid East war may take gold to Rs 80200

Gold rate today: As gold prices are expected to be highly volatile, especially due to Brics headlines, buying the dips is the preferred strategy

Gold rate today: US election, Brics, Mid East war may take gold to Rs 80200
Updated On : 23 Oct 2024 | 9:06 AM IST

Gold ekes out gains after 1-month low as dollar rally takes a breather

The European Central Bank must keep raising interest rates even if a recession in Germany is increasingly likely, as inflation will stay uncomfortably high all through 2023

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Updated On : 23 Aug 2022 | 9:09 AM IST

Gold price today at Rs 45,860 per 10 gm, silver trending at Rs 62,500 a kg

In New Delhi, gold price stands at Rs 50,020 per 10 gm (24 carat)

Gold price today at Rs 45,860 per 10 gm, silver trending at Rs 62,500 a kg
Updated On : 14 Aug 2021 | 7:05 AM IST

Pandemic-battered gold demand in India expected to rebound in 2021

Demand is expected to jump closer to the 690 tons bought in 2019 as the country's economy shows signs of recovery, P R Somasundaram, managing director at the council for India, said

Pandemic-battered gold demand in India expected to rebound in 2021
Updated On : 28 Jan 2021 | 12:15 PM IST

Gold climbs to seven-year high on growth fears, stimulus measures

Holdings in the SPDR Gold Trust, the world's largest gold-backed ETF, rose to 1,009.70 tonnes on Monday, the highest since June 2013

Gold climbs to seven-year high on growth fears, stimulus measures
Updated On : 14 Apr 2020 | 6:35 PM IST

Gold rebounds on fund inflows and equities drop

The fund's inflows since the beginning of the year have already surpassed outflows for the whole of 2015

Gold rebounds on fund inflows and equities drop
Updated On : 23 Feb 2016 | 5:55 PM IST