Gold Soars on Short Covering Amid Inflation Rate Hike Worries

Bullions News

Gold prices increased by 0.09% to close at Rs 142,531, buoyed by short covering following recent declines. The market experienced continued pressure due to expectations that the U.S. Federal Reserve may persist in raising interest rates to manage ongoing inflationary Read More …

Gold Prices Slip as Fed Rate Outlook Offsets Middle East Risks

Bullions Updates

Gold and silver prices remained relatively stable on the Multi Commodity Exchange on Monday, even as renewed tensions in the Middle East heightened concerns regarding the precarious nature of the Iran-US ceasefire. Meanwhile, expectations of additional interest rate increases by Read More …

Demand for gold rises as oil prices fall

Bullions Updates

Gold prices ended 1.07% higher at Rs 150,528, recovering amid improving sentiment after crude oil prices declined on rising expectations of a potential peace agreement between the United States and Iran. Market sentiment was supported after U.S. President Donald Trump Read More …

Gold Dips as Rate-Hike Worries Loom Before Key US Inflation Data

Bullions Updates

Gold prices experienced a notable decline of 1.51%, closing at Rs 152,443. This drop was influenced by a widespread market sell-off and growing anticipations regarding a potential increase in interest rates by the U.S. Federal Reserve later this year. Sentiment Read More …