Yellow Metal

Gold prices remained in focus today as investors tracked both global cues and domestic demand. Rates for 22-karat and 24-karat gold saw slight fluctuations, reflecting currency movements, international market trends, and festive buying interest in India.

Gold ETFs see surge in inflows in September quarter, more than 10x YoY growth: ICRA

According to AMFI data, gold ETFs witnessed net inflows to the tune of around Rs 1,660 crore

Gold imports dip 24% to $35 billion in 2022-23

Gems and jewellery exports declined by 3 per cent to about USD 38 billion during 2022-23.

Big banks zero in on gold loans, line up cheaper rates for bigger market pie

HDFC Bank saw a 19 percent jump in its gold loan portfolio in fiscal 2023 whereas traditional gold loan lenders Manappuram Finance and Muthoot Finance saw an 11 percent fall and 1 percent growth, respectively, in their gold loan portfolios till December 2022 quarter

Gold to retain its glitter; may touch Rs 60,000 level in 2023

Mumbai, Dec 30 A yellow glow is likely to stand out amid grey geopolitical clouds in 2023, with gold price projected to touch Rs 60,000 per 10 grams in..

US rate hikes, strong dollar check Indian gold prices, offer relief to jewellers

Gold prices have increased only slightly after the decision to raise the basic customs duty on gold from 7.5% to 12.5%. The effective duty on gold now stands at 15.75%

As gold loans lose shine, lenders face growth test

Small businesses, a significant portion of gold loan borrowers, are seeing their balance sheets under pressure again. This could jeopardise their repayment capacity 

Gold ETFs: Developed economies witness outflows, but India and China buck the trend

In India, the heightened stock market volatility and a correction in the domestic gold price drove holdings in gold ETFs

Gold down 20% in technical bear market: Should investors buy yellow metal now?

Many experts echo the view that as far as long-term investments are concerned, it’s a good time to accumulate gold in tranches, and in the digital form

'Rise in Dollar index taking away sheen from Gold, support seen at Rs 42,600'

On the upside, the Nifty50 is likely to remain capped at immediate resistance of 15,270 whereas on the downside the immediate support is now placed at 14630. We suggest traders maintain a neutral outlook, says Shah.

Gold price today: Yellow metal trades lower; crucial support placed at Rs 50,300

Experts are of the view that both Gold and Silver are likely to trade in a range and the yellow metal should be able to find support near 50300-50,000 levels.

Gold price today: Yellow metal gains; next target placed at 53,600-53,700 levels  

As long as gold trades above Rs 53,300 per 10 gm, the upmove can get extended towards 53,600-53,700.

Gold price today: Yellow metal comfortably above Rs 50K; support placed at Rs 49,880

If gold prices sustain above 50200 then the rally could extend towards 50500-50770 levels. Support for the yellow metal is firmly placed at Rs 49880 on a closing basis.

Gold holds potential to hit Rs 51,000 but may see profit-taking in near term: Rajeev Srivastava

We also see that safe-haven appeal for gold will remain intact amid concerns of a rise in COVID-19 cases and geopolitical concerns. Investment demand in the form of gold ETF is at a 7-year high.

Gold price today: Yellow metal retreats from highs; crucial support at Rs 47,500

Gold may have fallen from the record high but experts say crucial support for the yellow metal is placed at Rs 47,500-47,600 levels per 10 gm.

Gold price today: Yellow metal trades in a range; buy on dips for a target of Rs 48,300

Gold prices could see support stem from a weakening U.S. dollar, expectations for more global monetary and fiscal stimulus, and escalating tensions between U.S. and China.

Gold price today: Yellow metal rises on safe-haven demand; next target near 49,000

MCX Gold August contract traded on a positive note where it closes above 48300 levels indicating to trade on bullish momentum upto 48550-48760 levels. Support is placed on 48000-47700 levels.

Gold price today: Yellow metal eases; Rs 47,500 likely to act as strong resistance

As long as the yellow metal holds above Rs 47,000 per 10 gm, strength is likely to continue but it may face resistance near Rs 47,500, experts say.

Gold price today: Yellow metal slips, but experts suggest ‘buy on dips’

Experts are of the view that investors can use dips to buy into yellow metal for a near-term target of Rs 46,550 per 10 gm. Strong support based on technical parameters is placed at Rs 46,200 per 10 gm.

Gold price today: Yellow metal slips; deploy buy on dips for a target above Rs 46,000

On the domestic front, investors could adopt a buy-on-dips strategy and the near-term target is seen above Rs 46,000 per 10 gm.

Gold price today: Yellow metal hovers near Rs 46,000; buy for a target of Rs 46,600

India Gold June futures fell on May 8 tracking muted trend seen in international spot prices, but experts feel that the yellow metal is still a buy on dips for a target of 46600 per 10 gm.

Gold price today: Yellow metal rebounds after falling over 1%; support seen at 45,330

Experts are of the view that precious metal is likely to trade in a range as risk-on sentiment lift equities. The crucial support for India Gold is placed around 45300 levels, they say.

Gold price today: Yellow metal sees profit taking; sell for a target of 45,300

Intraday Gold holds support near 45300-44900 levels & upside resistance at 45800-45950 levels in the coming session.

Gold price today: Yellow metal eases; buy on dips for a target of 47000

Experts feel that any dips should be used for an intermediate target of Rs 47000 per 10 gm.

Gold price today: Yellow metal retreats from highs on stimulus hopes across the world

Precious metal prices are likely to remain volatile tracking weak rupee, and expectations of some stimulus measures across the world to support the economic activity will trigger risk-on sentiment.