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Source: Live Mint Indian investors are facing a challenging time as both major asset classes, equities and gold, are undergoing a selloff. Indian stock market benchmark, Nifty 50, is down 10.5 per cent from its record high of 26,277.35. On the other hand, MCX Gold for December 5 expiry is down 5.3 per cent from…
Source: Live Mint After experiencing a sharp correction following Donald Trump’s election victory, gold prices are beginning to show signs of recovery. Over the last two trading sessions, gold prices have surged by as much as ₹1,639 per 10 grams. This resurgence is primarily attributed to a pause in the dollar index’s relentless rally, which…
Source: Live Mint While many prefer to buy gold and precious jewellery from duty-free shops in the Middle East, this time, maybe save the purse for a trip to a local shop. Gold prices in India are cheaper than costs in Oman, Singapore, the United Arab Emirates and Qatar, according to a report by Business…
Source: Live Mint Gold prices on MCX opened sharply lower on Thursday tracking weakness in international bullion prices that hit a two-month low amid a stronger US dollar. Silver prices also dropped by more than 1%. At 9:05 am, MCX gold rate traded lower by ₹609, or 0.82%, at ₹73,873 per 10 grams, while MCX…
Source: Live Mint With US election uncertainties behind us and the Fed cutting rates as anticipated, gold prices are experiencing profit-taking amid a lack of new catalysts. Domestic spot gold prices declined nearly 3 per cent for the week ended Friday, November 8. MCX Gold hit its record high of ₹79,775 per 10 grams on…
Source: Live Mint Gold prices in India extended decline on Thursday, mirroring global weakness in the yellow metal after Republican Donald Trump’s 2024 US election victory triggered a sharp correction. Analysts anticipate further short-term pressure on gold rates due to political and economic factors impacting the bullion’s safe-haven appeal. MCX gold prices have dropped over…
Source: Live Mint Gold prices in India achieved remarkable growth for the last Samvat year, soaring nearly 32 per cent since last Diwali. This surge in gold rate was primarily driven by multiple factors, including rising geopolitical tensions, anticipation of interest rate cuts, a stable dollar index, signs of global economic slowdown, and robust demand…
Source: Live Mint Gold price today: MCX Gold rate declined in morning trade in the domestic futures market on Thursday, October 31, primarily due to profit booking at higher levels on the Occasion of Diwali 2024. MCX Gold for December 5 expiry traded 0.16 per cent lower at ₹79,612 per 10 grams around 9:35 am….
Source: Live Mint Gold and silver prices in India are currently trading near record highs amid the Diwali festive season. The MCX gold rate has surged close to ₹80,000 per 10 grams, while silver prices are approximately ₹99,000 per kilogram, after briefly crossing the ₹1,00,000 mark earlier this month. Gold has delivered a substantial return…
Source: Live Mint Gold vs stock market: As Diwali 2024 is fast approaching, investors are busy finding investment options to maximise the return on their money. As Gold has remained a traditional investment option, it would be interesting to know that in the last year, gold prices have ascended from ₹60,282 per 10 gm to…
