Moneycontrol
    Moneycontrol PRO
    LAMF
    LAMF

    Gold

    Gold, counted among the most precious metals of the world, has played a key role in the monetary framework. It is also used for producing gold bars, bullion coins and similar units of fixed purity and weight, which makes gold a medium to store wealth in hoards. The utility of gold in the monetary framework increased in the period leading to the first World War, when warring countries decided to use fractional gold standards in bid to inflate their currencies. The move was aimed at financing the war costs, point out experts. Following the war, the United Kingdom had begun restoring gold-convertibility, but global outflows of gold in the forms of bills of exchange remained embargoed. International shipments at the time were restricted exclusively for war reparations and bilateral trade. Following the second World War, gold was swapped by a regime of nominally convertible currencies regulated by fixed exchange rates -- based on the Bretton Woods system. In the period to come, gold standards and the direct convertibility of currencies to the precious metal was discontinued by most countries. This move was led by the United States of America, which decided not to redeem its dollars into gold in 1971. Currently, fiat currency fulfils most monetary roles in the world. More

    Jump to

    • Commodity Watch: Gold holds near record high, oil steadies as US-Iran talks ease supply fears

      Spot gold was up 0.1 percent at $4,846.70 an ounce at 10 am Singapore time. Silver rose 1.2 percent to $80.50 an ounce after gaining more than 5 percent in the previous session. Platinum and palladium also traded higher. The Bloomberg Dollar Spot Index was little changed.

    • Who’s Buying Gold? Poland Tops as Central Banks Extend 23-Month Buying Streak

      Global central banks continue their gold buying spree, marking 23 straight months of accumulation. Poland leads the pack, while China and others keep adding reserves amid global uncertainty and Iran war tensions. Here’s what this means for gold prices and global markets.

    • Commodity Corner: Crude surges on Hormuz blockade fears, gold holds firm amid volatility

      Gold fell as much as 2.2 percent to slip below $4,650 an ounce in early trade before recovering some ground. Spot gold was down 0.6 percent at $4,723.55 an ounce at 10:01 am in Singapore. Silver declined 2 percent to $74.36 an ounce, while platinum also fell and palladium edged higher.

    • Gold tumbles as US blockade of Hormuz raises inflationary risks

      Bullion fell as much as 2.2% to dip below $4,650 an ounce, wiping out the previous week’s gain. The US military said it will begin the blockade at 10 am Eastern Time on Monday after weekend negotiations with Iran failed to secure a deal.

    • Commodity Corner: Crude gains for second day; gold, silver extend rally on global cues

      Commodity markets traded higher, with crude oil, gold and silver reacting to global macro cues.

    • Gold heads for weekly gain as traders weigh Iran truce prospects

      Bullion steadied near $4,760 an ounce on Friday, on track for a weekly gain of almost 2%

    • Friendship betrayed: Woman 'borrows' key to friend's home; flees with cash, gold in Delhi

      Police recovered Rs 1.92 lakh in cash along with jewellery items, including two gold necklace sets, a gold ring, a gold chain, a pair of gold earrings and anklets from Rajinder's possession.

    • Who’s buying gold? Which country tops the list as central banks extend 23-month streak

      Bullion hovered near $4,715 an ounce, after rising 1.5% over the previous two sessions.

    • Commodity Corner: Oil rebounds toward $97 as Hormuz disruption persists; gold steadies

      Geopolitical tensions remained elevated, with Israeli attacks on Lebanon raising concerns over a potential derailment of the ceasefire. The White House said the US would hold direct talks with Iran, while Tehran termed the strikes a violation of the ceasefire and continued its attacks on Gulf states.

    • Multi-asset funds outperform but do they still fit your portfolio?

      Multi-asset funds are gaining traction amid equity volatility and high gold prices, but trade-offs remain.

    • India Gold ETF inflows slow for second month, extend 10-month streak

      Gold prices saw significant volatility during the month, falling 11.6 percent, marking the steepest monthly decline since October 2008.

    • Why holding on to sentimental assets could be hurting your finances

      Sentimental value feels priceless, but it often comes with a financial trade-off most people don’t notice

    • Commodity Corner: Oil slides sharply as ceasefire boosts sentiment; Gold, Silver gain

      West Texas Intermediate tumbled as much as 19 percent after President Donald Trump agreed to suspend bombing of Iran, a move expected to help resume oil flows through the Strait of Hormuz

    • Gold rises, oil crashes. Here's how global markets reacted to Trump's Iran ceasefire

      The announcement sparked a broad-based relief rally across global markets, driven by hopes of resumed energy flows through the Strait of Hormuz

    • Commodity Watch: Crude extends gains for third session amid Trump deadline; Gold, Silver decline

      Brent crude rose 1.4 percent to trade near $111 a barrel after swinging between gains and losses ahead of the Tuesday 8 pm Eastern Time deadline.

    • Scientists claim Antarctica may hold vast gold and silver reserves: Which nations will the gain the most?

      Under high ice-melt scenarios, this region alone could see tens of thousands of square kilometres of new land emerge, potentially exposing deposits of gold, silver, copper and iron.

    • How gold loans really work and what lenders don’t highlight

      Quick cash against your jewellery can be useful, but the fine print often matters more than the headline rate

    • Govt imposes import curbs on all articles of gold, silver, platinum

      An industry official said that some importers were misusing the India-Asean FTA.

    • Gold-silver ratio near 65: Is it time to shift allocation from silver to gold?

      The gold-silver ratio, which determines the relative value of the two metals, fell near 47 when prices reached peak levels toward January’s end, indicating silver was more valued than gold

    • Govt imposes import curbs on gold, silver jewellery to check misuse of FTAs

      Some traders were trying to use the FTA to make a quick buck by exploiting duty differentials and circumventing tariffs, the official said, adding the move was aimed at curbing imports of these precious metals in the name of unstudded jewellery from countries like Thailand

    • Gold set for worst month in more than 17 years as US rate-cut hopes fade

      Spot gold was up 1.5% at $4,578.89 per ounce, as of 0235 GMT. U.S. gold futures for April delivery gained 1.2% to $4,611.30

    • Hyderabad man claims to wear gold worth Rs 1 crore. I-T dept exposes it’s Rs 3 lakh copper

      Authorities also found that Surya Bhai had not filed income tax returns for six years except in 2022‑23, when he declared an income of Rs 4.9 lakh from running a gym, a chicken shop and working as a trainer.

    • Gold finds footing near $4,500 as Iran war enters fifth week

      Bullion rose as much as 1.3% to trade above $4,500 an ounce, showing resilience despite a continued rise in oil prices and downturn in equities.

    • Dip-buyers arrive to pull gold back from brink of a bear market

      Gold prices have fallen by 15% this month, creating a test of faith for gold bulls.

    • Gold declines as Trump threatens Iran with military escalation

      Bullion fell as much as 2.1% to dip below $4,420 an ounce before paring some losses

    Advisory Alert:

    It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347