Silver ETFs have delivered outstanding year-to-date (YTD) returns above 83% and one-year returns of over 55%.
Gold rate today: Check the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country on October 6.
The release of the Federal Open Market Committee meeting minutes on Thursday is also likely to influence bullion market sentiment
Most importantly, with no weekend votes expected, the Senate's failure to pass funding bills on Friday means the shutdown will enter its sixth day on Monday. The ongoing data blackout, including the non-release of the official jobs report, clouds the Fed’s monetary policy outlook.
The torrid pace of the advance has left gold vulnerable to pullbacks, with technical indicators showing it’s been trading in overbought territory for the past month
Bullion traded near $3,860 an ounce, about $35 below a peak set on Wednesday, with the suspension in federal operations threatening to create a blackout in crucial economic figures that the Fed needs to make rate decisions
Spot gold rose 0.3% to $3,845.33 per ounce as of 11:06 a.m. ET (1506 GMT), rebounding from earlier losses in U.S. hours. Prices hit a record high of $3,871.45 during Asian trading.
Investors feared that the uncertainty around a US government shutdown may also delay the release of economic data seen as crucial in determining the rate cut trajectory by the Federal Reserve.
Market experts said expectations of monetary easing, coupled with geopolitical and trade-related risks, are likely to keep gold and silver prices elevated in the near term.
Bullion traded near $3,773 an ounce as markets opened on Monday, less than $20 shy of a record-high reached last Tuesday
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.