Goldprices

Gold prices hit an over 11-week peak on Wednesday, not far from an all-time peak touched last year, boosted by safe haven demand stemming from uncertainty surrounding U.S. President Donald Trump's trade policies and a softer dollar. Spot gold added 0.3% to $2,751.89 per ounce as of 0502 GMT, after hitting its highest since Nov. 1 earlier in the session and closing in on its record peak of $2,790.15 hit in October. U.S. gold futures gained 0.3% to $2,768.40.

Akshaya Tritiya: Significance And Why People Buy Gold On This Day

Akshaya Tritiya is a significant day for the Hindu community in India. Also known as Akha Teej, the day falls on the third lunar day of the bright half of the Hindu month of Vaishakha. "Akshaya" translates to eternal, while "Tritiya" means third. As the name suggests, it is believed that any auspicious activity or investment made on this day brings endless prosperity and good fortune. One of the most enduring traditions associated with Akshaya Tritiya is the purchase of gold. Watch here to know more

Akshaya Tritiya Special: Jewellery, ETFs Or Utensils - What To Buy Today?

Akshaya Tritiya, also known as Akha Teej, is a popular festival in Hindu traditions. This year Akshaya Tritiya is being celebrated today on May 10. According to ancient Hindu texts, Satya Yuga ended and Treta Yuga began on this auspicious day. For many Hindu families, Akshaya Tritiya carries deep meaning, as it is believed that engaging in any positive work such as starting a business or buying property, jewellery or vehicles on this day brings wealth and success. Among all the things, people opt to purchase gold on Akshaya Tritiya as it is expected to attract wealth in the future. But did you know there are alternative ways to invest in gold besides buying physical gold? In this video, we will take you through all options. Watch here

Gold prices soar past $2,000 as US yields tumble on back of Fed hinting at rate cuts 2024 onwards

Investor enthusiasm over the US Federal Reserve's dovish position sets the stage for a multi-year upswing in gold. Bullion saw a surge in response to the Fed's indication of three rate cuts in 2024. On the home front, gold and silver prices soared on December 14 in the MCX market. The secure-haven gold climbed by 2.3 percent, and silver shot up by 5 percent. Post the announcement, the dollar index plummeted, dipping below the 103 threshold, while the 10-year US Treasury yield slipped beneath the critical 4 percent mark. Catch Manisha Gupta in an exclusive conversation with Somasundaram, World Gold Council.

Gold bound for weekly dip on bets for higher-for-longer rates

Spot gold was up 0.2% to $1,892.59 per ounce at 10:38 a.m. ET (1438 GMT), down 1.1% for the week so far. U.S. gold futures rose 0.4% to $1,922.20.

Commodities Live: Gold prices hit an all-time high in India; Silver prices touch one-year high

Gold prices on COMEX are inching towards the record high touched last year as poor manufacturing data from the US, coupled with signs of a cooling jobs market supported safe-haven demand. Find out more on Commodities Live with Manisha Gupta only on Moneycontrol!

Commodities LIVE: India Gold prices at all-time high; What's driving the gains?

India Gold prices are at an all-time high. But why? Catch commodities with Karunya Rao and Manisha Gupta to decode.