Gold April futures on the MCX traded higher by 3.78 per cent at ₹1,44,370 per 10 gm, while silver May futures gained 5.54 per cent to ₹2,36,338 per kg
The price of 22-carat gold fell by ₹10, with ten grams of the yellow metal selling at ₹1,30,990
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,24,340
The fall in gold prices, according to analysts, may actually support jewellery demand in the medium-term, even though it may create short-term pressure for some players
The selling pressure was further exacerbated by a decline in silver prices. On the MCX, silver May futures slipped below the psychological mark of ₹200,000 per kg to ₹199,643 on Monday
Silver prices nosedived to hit their lower circuit in futures trade on Monday, tumbling by Rs 20,409 to Rs 2.06 lakh per kilogram amid weak global trends and sustained selling pressure. On the Multi Commodity Exchange, silver for May delivery slumped Rs 20,409, or 9 per cent, to Rs 2,06,363 per kilogram, its lower circuit limit. Analysts said the sharp fall came despite escalating tensions in West Asia, as broader macroeconomic factors weighed heavily on precious metal prices. Silver prices have fallen sharply on Monday despite escalating West Asian tensions due to overriding macroeconomic pressures, Hareesh V, Head of Commodity Research, Geojit Investments Ltd, said. He added that a strong US dollar and rising Treasury bond yields have weakened bullion by increasing holding costs and making dollar-denominated metals more expensive for global buyers. In the international market, silver futures on the Comex for the May contract declined by USD 6.51, 9.34 per cent, to USD 63.15 per
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,33,790
Precious metal prices are likely to consolidate with a mild recovery bias next week after a sharp correction, though the upside may remain capped amid elevated interest rates and a firm US dollar, analysts said. Investors will track key macroeconomic data, including provisional manufacturing and services PMI readings from the US, UK and Japan, along with consumer sentiment and jobless claims for direction. Traders will also closely monitor oil price movement for further cues, they added. "In the week ahead, gold price may see some consolidation and slight recovery before prices make their next move either side," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. In the domestic market, precious metal prices witnessed steep losses last week. On the Multi Commodity Exchange, silver tumbled by Rs 32,663, or 12.59 per cent, to settle at Rs 2.26 lakh per kilogram, while gold dropped by Rs 13,974, or 8.82 per cent, to close at Rs 1.44 lakh
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,36,540
Silver, like gold, remains under acute downside pressure as hardening yields and fading rate-cut expectations reflect central banks' heightened vigilance against the spectre of inflation.
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,37,740
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,44,590
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,44,910
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,44,290
Silver futures plunged by Rs 4,232 to Rs 2.55 lakh per kilogram in the futures trade on Monday, as weak domestic demand and a strong US dollar weighed on investors' sentiment. On the Multi Commodity Exchange, the white metal for the May delivery declined by Rs 4,232, or 1.63 per cent, to Rs 2,55,203 per kilogram in a business turnover of 5,787 lots. Analysts said silver prices remained under pressure as weak retail demand in the domestic market coincided with macroeconomic headwinds in global markets. Indian bullion dealers have extended discount offerings to unprecedented levels, reaching USD 83 per ounce over domestic official pricing -- inclusive of 6 per cent import and 3 per cent sales levy -- the highest discount observed since July 2016, compared to USD 28 in the previous week, Renisha Chainani, Head - Research at Augmont, said. The sharp increase in dealer discounts indicates a profound weakening in retail demand for precious metals, she said, adding that jewellers have ...
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,46,340
Gold steadied after dropping for a second straight week, under pressure from rising energy prices and inflationary concerns arising from the US-Israeli war with Iran
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,47,290
Silver prices are expected to remain volatile as surging oil lifts the dollar and reduces Fed rate-cut hopes, while Iran war tensions keep markets on edge
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,49,710