Spot gold was steady at $4,037.95 per ounce as of 0439 GMT, erasing a 0.5% drop in early trade. The metal touched a record high of $4,059.05 on Wednesday
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
Spot gold was up 0.4% at $3,654.09 per ounce, as of 0931 GMT, after hitting a record high of $3,659.10 earlier in the session
The organised retail market share in the jewellery business has been consistently rising from 32 percent in 2020 to 40 percent this year, with high demand and ownership in the rural India.
Spot gold was down 0.3% at $3,386.30 per ounce, as of 0305 GMT, after hitting its highest since July 23 earlier in the session. Bullion is up 0.7% so far this week
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 98,702 per 10 grams today.
Gold demand in the world's second-biggest consumer of the precious metal could stand between 600 metric tons and 700 metric tons in 2025, the lowest since 2020
The underlying reasons to invest in gold remain unchanged
Lenders have until April 1, 2026, to comply with the new norms
If the middle east conflict remains restricted, or even subside, one could see the market impact wear off, said Chirag Mehta, the CIO at Quantum AMC. However, the markets are at risk of a correction as valuations have been cooled off, and there is't enough opportunity to deploy capital.
Central banks have been big buyers of gold and have skin in the game now
The upward movement followed the US Federal Reserve's decision to maintain current interest rates, coupled with warnings about inflation risks and weakening labour market conditions — factors that have strengthened market expectations for potential rate cuts if economic growth slows.
The pursuit of the safe haven and diversification benefits in times of uncertainty lent strength to the price rally, which itself helped drive momentum in investment higher.
Motilal Oswal Financial Services advised investors to buy gold on dips, with a target of Rs 1,06,000 in the long term.
Gold prices surged to a record high in India ahead of Akshaya Tritiya and a sharp rally in the global markets.
Gold price jumped to Rs 95,090 per 10 gram, its fresh all-time high, on April 16 before paring some gains
The WGC expects jewellery demand to remain under pressure and recycling to rise further this year due to high prices.
The possibility of a trade war during US President-elect Trump’s second term will be a major overhang. The report says an upside could come from a stronger central bank demand in 2025, or a 'rapid deterioration' of financial conditions.
For eastern Europe’s leaders, gold is viewed as a safe harbor — and a political selling point — as they maintain often complex balancing acts between the West, Russia and China. The Hungarian central bank has boosted its gold stash by more than a 10th to 110 tons this year.
Gold prices rise 0.38% from previous day on November 13, 2024, yellow metal trading at Rs 74916.00
In this video, we explore the recent surge in gold prices, which have reached a fresh high of $2,732.73 per ounce. With uncertainties surrounding the U.S. elections, rising tensions in the Middle East, and rate cuts by major central banks, gold is becoming a favored safe-haven investment. We also discuss the implications of these developments on the silver market, which has hit a near 12-year peak. Stay tuned for insights on what this means for investors!
Gold prices have witnessed 19.95 percent increase since the start of 2024
Although markets haven't priced in this threat yet, analysts cautioned that a broader conflict could spark a correction, especially if crude prices surge
Gold has been trading 16.82%, higher compared to the start of the year