Reuters reported that spot gold rose 0.6 percent to $2,735.14 per ounce by 0658 GMT and US gold futures rose 0.4 percent to $2,749.3.
Gold prices have witnessed 23.24% increase since the start of 2024
Gold has been trading 22.28%, higher compared to the start of the year
Gold has been trading 21.26%, higher compared to the start of the year
India was a net importer of steel through the first five months of 2024-25. Official estimates show that 1.92 million tonnes (mt) of steel was shipped from India, while 3.45 mt of the metal reached the Indian shores in this period
Gold prices have witnessed 19.95 percent increase since the start of 2024
Gold has been trading 19.19%, higher compared to the start of the year
Gold prices have witnessed 19.39 percent increase since the start of 2024
Traders said increased buying by local jewellers to meet festive and wedding season demand and a firm trend in the overseas markets mainly lifted gold prices to this year’s highest level.
Gold has been trading 19.49%, higher compared to the start of the year
Gold has been trading 15.60%, higher compared to the start of the year.
Gold has been trading 12.61%, higher compared to the start of the year.
Investors may remain cautious ahead of PMI data from the US and Fed Chair Jerome Powell’s speech at Jackson Hole Symposium for any cues on rate cuts by the central bank.
Gold steadies close to its all-time high as weaker U.S. dollar and Treasury yields, along with soft PPI data, bolster rate cut expectations.
After the data release, it showed a somewhat lower than anticipated reading, driving up hopes that cooling inflation will give the Fed more confidence to begin cutting rates
The coal output for the power sector has seen a substantial increase, rising from 25.02 MT in the first quarter of last year to 30.16 MT in the first quarter of this year, marking a 20.5 per cent year-on-year growth.
The Government of India has imposed stock limits on wheat wholesalers, retailers and processors till FY25, effective from June 24, in a bid to crack down on hoarders and speculators and to ensure price stability. The permitted stockholding limit notified is 3,000 tonnes for wholesalers, 10 tonnes for retailers, 10 tonnes for each outlet and 3,000 tonnes at all depots for big chain retailers. Watch.
Imports of these three pulses will also increase from next month, Union Consumers Affairs Secretary Nidhi Khare said adding this would help augment domestic supply.
U.S. crude stocks rose by 509,000 barrels in the week ended May 3, market sources said citing American Petroleum Institute figures. Gasoline and distillate fuel inventories also rose, they said.
In a sign of easing concern that supply could tighten, the first-month Brent contract's premium to the six-month contract slipped to $2.85 a barrel for its lowest since mid-February.
Spot gold was down 0.5% to $2,312.29 per ounce by 1218 GMT. U.S. gold futures fell 0.5% to $2,320.60 per ounce.
Gold prices scaled to a record high on Friday as geopolitical tensions continued to boost demand for the safe-haven metal.
In the previous trade, the precious metal had closed at Rs 66,250 per 10 grams.
Brent futures were up 88 cents, or 1.0%, to $86.22 a barrel by 11:28 a.m. EDT (1528 GMT), while U.S. West Texas Intermediate (WTI) crude rose $1.01, or 1.3%, to $82.05.
In an OPEC report released on March 12, the oil cartel said global oil demand is expected to expand by 2.2 million barrels per day (bpd) in 2024, and by 1.8 million bpd in 2025.