Rise in the prices of gold and silver

Rise in the prices of gold and silver

Gold edged higher to above $2,629 on Thursday, rebounding from the three-week low of $2,608 from the prior session as markets digested a batch of fresh economic data for insights on the Fed’s policy path in upcoming decisions.

READ MORE…

Israel-Iran war: Gold rate today trades flat as market awaits US Fed minutes

Israel-Iran war: Gold rate today trades flat as market awaits US Fed minutes

Israel-Iran war: Ahead of the announcement of the US Fed meeting minutes and the US CPI data this week, gold prices opened flat in early morning deals. Gold rate today on the Multi Commodity Exchange (MCX) opened lower at ₹75,851 per 10 gm and touched an intraday high of ₹75,908 per 10 gm within a few minutes of the Opening Bell. In the international market, spot gold prices are quoted at around $2,643 per troy ounce, 0.02% above the previous day’s high.

READ MORE…

Gold rate today jumps on safe-haven demand, Israel-Iran war in focus

Gold rate today jumps on safe-haven demand, Israel-Iran war in focus

Gold Rate Today: Amid rising tension in the Israel-Iran war, gold prices today witnessed some value buying in the early morning deals. In the early morning session on Friday, the yellow metal remains a safe haven for investors amid rising tension in the Middle East due to the Iran-Israel war. On the Multi Commodity Exchange (MCX), the gold futures contract for December 2024 expiry opened with an upside gap at ₹76,302 per 10 gm and touched an intraday high of ₹76,444 mark within a few minutes of the commodity market opening.

READ MORE…

Gold Edges Higher Amid Softer U.S. Dollar and CPI Expectations

Gold Edges Higher Amid Softer U.S. Dollar and CPI Expectations

Understanding the Relationship Between Gold Prices and the U.S. Dollar

The relationship between gold prices and the U.S. dollar is one characterized by an inverse correlation. Traditionally, when the dollar weakens, gold tends to rise in value, and this dynamic can be attributed to several interrelated factors. A weaker U.S. dollar enhances the purchasing power of foreign buyers, enabling them to acquire more gold for the same amount of their local currency. Consequently, this increased demand can lead to higher gold prices on the global market.

READ MORE…

Jackpot Call: MCX Gold Tips Today [11 October 2024]

विशेषज्ञों को उम्मीद है कि 2025 में सोने की कीमतें और बढ़ेंगी; क्या यह अगले साल 3,000 डॉलर के स्तर को छू सकती है?

विशेषज्ञों का अनुमान है कि अमेरिकी ब्याज दरों में कटौती, मुद्रास्फीति और भू-राजनीतिक तनाव जैसे कारकों के कारण 2025 में सोने की कीमतें 3,000 डॉलर तक पहुंच सकती हैं। केंद्रीय बैंक की खरीदारी और मजबूत ईटीएफ प्रवाह भी मांग को बढ़ा रहे हैं, वर्तमान में हाजिर कीमतें 2,500 डॉलर के आसपास हैं।

READ MORE…

Rise in the prices of gold and silver

Gold 13% YTD returns comparable with Sensex. Should you buy as valuation worries weigh on equities?

Gold dropped 6% on July 23 after Finance Minister Nirmala Sitharaman reduced the customs duty on gold and silver to 6%. Although prices have partially recovered, they remain 2% below the levels seen a day prior. Meanwhile, international gold prices have increased by 4%. Despite this, gold prices have risen by approximately 13% in 2024, compared to a 14% gain in the Sensex.

READ MORE…

Gold Monthly Forecast: Gold’s rally is just getting started

अमेरिका में रोजगार के कमजोर आंकड़ों और ब्याज दरों में कटौती की उम्मीद के चलते सोने के भाव में तेजी

यू.एस. में रोजगार के कमज़ोर आंकड़ों के बाद सोने के वायदे (Gold futures) 0.4% बढ़कर 2,535.70 डॉलर प्रति ट्रॉय औंस हो गए। बुधवार को दबाव में रहने के बाद कीमती धातु में उछाल आया, क्योंकि कमजोर अमेरिकी रोजगार के अवसरों और श्रम कारोबार सर्वेक्षण के आंकड़ों ने सितंबर में फेडरल रिजर्व की ब्याज दर में बड़ी कटौती की उम्मीदों को बढ़ावा दिया

READ MORE…