Akshaya Tritiya 2022: Akshaya Tritiya will be celebrated all over India on 3 May this year. The day is considered to be one of the most auspicious occasions in the Hindu calendar. Many people start new business ventures or projects on this day.
Commodity News
Commodity News – Real-time Accurate MCX Commodity Market News and forecast for today. Best commodity market online tips through whatsapp and telegram by Neal Bhai.
Gold Trading at Rs 53,300 per 10 gm Today; Silver Selling at Rs 65,200 a kg [26-04-2022]
The price of 10 gram of 24-carat gold remained unchanged on Tuesday and is priced at Rs 53,300, while silver (per kg) became Rs 1,000 cheaper to trade at Rs 65,200.
Gold Prices Fall to Lowest in Almost Two Weeks as Bond Yields Rise
Gold prices slid to the lowest in nearly 2 weeks as U.S. bond yields surged, curbing the appeal of the non-interest bearing metal.
Gold Consumption Highest Among Indian Middle-Income Group
Weddings were the primary reason for buying gold, with 43 per cent of the Indian households surveyed buying the yellow metal for this purpose.
Sanctioned Russian’s Family Sells $6 Billion Stake in Gold Miner
Said Kerimov, the son of sanctioned Russian billionaire Suleiman Kerimov, resigned from the board of gold miner Polyus PJSC on Monday, the same day his family’s holding company reduced its stake in the business to less than 50%.
Gold Slips as U.S. Jobs Data Spark Bets on Hawkish Fed [03-04-2022]
Gold declined following a solid U.S. labor report that may strengthen the Federal Reserve’s case to use aggressive interest-rate hikes to tackle inflation.
Gold Declines as a Rising Dollar Saps Demand [29-03-2022]
Gold dropped as a rising dollar sapped demand for the haven asset. A gauge of the dollar climbed to the highest in more than a week, while yields on two-year Treasuries surged as much as 14 basis points earlier to lead increases across the curve. Higher rates reduce the appeal of non-interest-bearing gold.