Investor attention next week (starting from September 29) will focus on scheduled speeches from several Fed officials, with markets currently pricing in two quarter-point rate cuts in upcoming meetings.
Gold rate today: 'The rally is supported by the Fed's dovish rate-cut outlook and expectations of further easing into late 2025, keeping liquidity strong in bullions,' said Jateen Trivedi from LKP Securities.
Gold rate today: Gold futures on MCX with October expiry opened at Rs 1,12,469 per 10 grams today.
Hindustan Zinc share price: Silver and gold have seen significant rally amid geopolitical uncertainties and macroeconomic factors this year.
Prices fell on Wednesday after data showed new-home sales in the US unexpectedly surged in August to the fastest pace since early 2022, easing some concerns about a slowdown in the world’s biggest economy.
Gold rate today: Let's check the latest prices of 10 grams of 22k and 24k gold in major cities of the country on September 24.
Gold rate today: Here are the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country on September 23.
Boko’s government is in talks with the US — the biggest buyer of natural gems — to remove tariffs on diamonds, and the president expects to meet Commerce Secretary Howard Lutnick to discuss the matter.
Gold and silver futures on MCX soared to all-time highs after Federal Reserve Governor Stephen Miran said the American central bank’s interest rate is too high, and should be slashed aggressively.
Gold rate today: Gold futures on MCX with October expiry hit a fresh lifetime high of Rs 1,11,472 per 10 grams.
'Gold jumped as traders bet on two more rate cuts from the US Federal Reserve,' said Axis Securities.
On the geopolitical front, tensions in the Middle East, and in Eastern Europe, have added a risk premium, supporting safe-haven demand.
Geopolitical tensions remain elevated, particularly with Ukraine continuing drone strikes on Russian energy infrastructure, which could keep oil prices volatile in the near term.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,09,254 per 10 grams today.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,09,180 per 10 grams today.
The point at which consumption starts to tail off is being pushed further into the future
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,09,956 per 10 grams today.
Speaking at an MCX event, Sebi chairman said there are plans to set up a working group on commodities to address the bottlenecks for the segment's volume growth.
Gold rate today: Gold futures on MCX with October expiry then hit a lifetime high of Rs 1,10,548 per 10 grams.
Gold futures on the MCX with October expiry hit a lifetime high of Rs 1,10,420 per 10 grams today.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,09,255 per 10 grams today.
Brent crude futures edged up 3 cents to $67.02 a barrel by 0009 GMT while U.S. West Texas Intermediate crude was at $62.77 a barrel, up 8 cents.
With the September cut largely priced in, commodity markets are focused on Powell’s tone and any forward-looking signals regarding the Fed’s stance through the remainder of 2025, especially in light of a persistent slowdown in labour demand.
The gold reserves increased by USD 3.53 billion to USD 90.299 billion during the week, the data said.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,09,352 per 10 grams today.
