Page 5 - Gold Trade

Gold price climbs Rs 10 to Rs 73,210, silver rises Rs 100 to Rs 97,800

In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 67,260, Rs 67,110, and Rs 67,760, respectively

Gold trading strategy: Yellow metal may hit Rs 71200 if US yields hold 4.5%

Gold outlook: Gold continues to see a buying support into the dips around $2,300. Support is at $2,352/$2,325/$2,317

Jewellery chain Senco Gold aims 15-20% growth in revenue, profit in FY25

Leading jewellery chain Senco Gold Ltd is looking at 15-20 per cent growth in revenue and profit in the current fiscal, despite rising prices of the yellow metal and global uncertainties. The jeweller is also planning to add 15-20 stores in the current 2024-25 financial year (FY'25), of which around 50 per cent will be franchisee-owned. "We are looking at a growth of 15 per cent as a conservative estimate, which may go up to 20 per cent in normal circumstances, in both revenue and profit in FY'25," Senco Gold MD & CEO Suvankar Sen told PTI. The jewellery chain reported a 39 per cent year-on-year revenue growth in the fourth quarter of FY'24 (2023-24) to Rs 1,137 crore, while its profit jumped 23 per cent to Rs 32.17 crore. For the entire fiscal year, the revenue growth was 29 per cent with turnover reaching Rs 5,241 crore, backed by rising gold prices and increased demand from existing and new stores. The net profit expanded by 14 per cent to Rs 181 crore. In 2023-24, the retail .

Gold price slips Rs 10 to Rs 72,430, silver falls Rs 100 to Rs 91,400

In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 66,540, Rs 66,390, and Rs 66,540, respectively

Gold price slips Rs 10 to Rs 73,410, silver falls Rs 100 to Rs 92,400

The price of 22-carat gold dipped Rs 10, with the yellow metal selling at Rs 67,290

Should you buy gold now? Check key levels here before investing your money

The downside pressure on gold further intensified on Thursday on better-than-expected S&P US Global manufacturing and services PMI data

Limits of the global gold rush

Gold remains important in central bank reserves, but won't significantly replace financial assets on balance sheets

Gold rallies on cautious US Fed; check target prices, support levels here

The cautious stance of the US Federal Reserve on its monetary policy is somewhat positive for the metal; thus, inflation hedge buying theme dominates

Gold price climbs Rs 10 to Rs 75,170, silver up Rs 100 at Rs 96,600

In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 69,060, Rs 68,910, and Rs 69,010, respectively

Gold has major resistance at 74,500, buy the dips in near-term: Sharekhan

The metal was changing hands at $2381 at the time of the MCX closing, which is down 0.20 per cent from Wednesday's closing level

Gold ETFs see first outflow post March 2023 at Rs 396 cr on profit booking

Gold Exchange Traded Fund (ETF) witness a net outflow of Rs 396 crore last month, making it the first withdrawal after March 2023, owing to profit booking. Despite the decline, the asset under management (AUM) of gold funds rose 5 per cent to Rs 32,789 crore at April-end from Rs 31,224 crore in the preceding month, according to the data with the Association of Mutual Funds in India (Amfi). As per the data, Gold ETFs saw a net withdrawal of Rs 396 crore in April as compared to an inflow of Rs 373 crore in the preceding month. The last time this asset class witnessed net outflow was in March 2023, withdrawing Rs 266 crore. "In INR terms, gold has done fairly well over the last year but dwarfs in comparison to how equities have fared. Given this backdrop, flows in the Gold ETF category have been somewhat patchy relative to the equity asset class. That said, investors could have opted to book some profits in this segment which has resulted in the asset class witnessing net outflows ...

Gold prices on Akshaya Tritiya, May 10: Check key levels before investing

Spot gold was up nearly 1 per cent Thursday on rate cut bets as the weekly US job data disappointed

Leading refiner, that brings in up to 20% gold, starts trading on India INX

BSE's arm India International Exchange (India INX) on Wednesday said India's leading gold refiner, which brings in up to 20 per cent of the country's gold, has started trading gold futures on its platform. This suggests that India INX, set up at GIFT City (Gujarat International Finance Tec-City), is becoming the main place for Indian jewellers and gold importers to hedge against the risk in gold prices. "Today, one of India's top gold refineries, which brings in 15 per cent to 20 per cent of the country's gold, has started trading gold futures to hedge against gold price volatility," India INX said in a statement. However, the bourse did not disclose the name of the refiner. In December 2022, the Reserve Bank of India (RBI) allowed Indian companies (except individuals) to manage their gold price risk on recognised exchanges within the International Financial Services Centre (IFSC). The move provided more options for Indian companies to hedge against volatility in gold prices throug

Gold slips on strong Dollar, may range-trade in near term: Check details

Spot gold slipped from its day's high of $2,329.98 and was seen hovering around $2,314 (MCX Gold June LTP Rs 71,146) when the local exchanges closed

Gold price falls Rs 10 to Rs 71,500, silver falls Rs 100 to Rs 82,900

In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 65,690, Rs 65,540, and Rs 66,340, respectively

RBI bought 19 tonnes of gold in March qtr. What fuelled the buying spree?

The RBI net demand totaled 290 tonnes in the March 2024 quarter, up 1 per cent as compared to 286.2 tonnes in the March 2023, strongest start to any year on record, World Gold Council (WGC) said.

Gold slips Rs 10, silver down Rs 100; yellow metal trading at Rs 72,590

The price of 22-carat gold also declined by Rs 10, with the yellow metal selling at Rs 66,540

Silver ETF gains greater traction as AUM tops Rs 5,000 crore in April

Last month, Gold ETF AUM had topped Rs 30,000 cr; This year's rally burnishes image of silver, gold as 'safe haven' bets

Gold price slips Rs 10 to Rs 72,150, silver falls Rs 100 to Rs 82,900

The price of 22-carat gold also dipped Rs 10, with the yellow metal selling at Rs 66,140

Gold price slips Rs 10 to Rs 73,390, silver rises Rs 100 to Rs 86,400

The price of 22-carat gold also dipped Rs 10, with the yellow metal selling at Rs 67,640