Gold settled sharply lower by 1.71% at Rs 156,281 as traders heightened their expectations of a Federal Reserve rate hike in light of Chair Kevin Warsh’s remarks regarding ongoing inflationary pressures. Warsh underscored that inflation has not significantly abated, with Read More …
Gold settled 0.49% higher at Rs 163,229, buoyed by a weaker dollar following the U.S. Treasury Department’s announcement of its buyback support plan. Investors are closely monitoring forthcoming U.S. inflation data and commentary from the Federal Reserve for insights into Read More …
Gold prices experienced a decline of 1.22%, concluding at Rs 142,402, as diminishing safe-haven demand coupled with resurfacing inflation concerns negatively impacted market sentiment. Despite the escalation of geopolitical tensions following renewed hostilities between the US and Iran in the Read More …
Gold and silver prices commenced the trading session on the Multi Commodity Exchange with a decline on Tuesday, as market participants assessed the tenuous ceasefire between Israel and Iran, while remaining vigilant regarding the evolving situation in the wider Middle Read More …
Gold prices concluded the trading session with an increase of 0.65%, reaching Rs 159,547. This uptick was bolstered by a depreciating U.S. dollar and declining bond yields, following a drop in crude oil prices amid optimism regarding a possible reduction Read More …
Gold and silver prices commenced trading on the Multi Commodity Exchange on Wednesday with a decline, as a resurgence of tensions in the Middle East propelled crude oil prices upward. This development has intensified worries that inflationary pressures may sustain Read More …
Gold and silver prices began the trading session on the Multi Commodity Exchange with a slight divergence on Monday, impacted by a strong U.S. dollar and a significant rise in crude oil prices that negatively affected market sentiment. Meanwhile, investors Read More …
In light of the recent fluctuations observed in global bullion markets, gold futures on the MCX have successfully maintained their position above critical support levels, indicating a gradual resurgence of buyers at more attractive price points. The ongoing consolidation phase Read More …
Gold prices rose by 0.28% to settle at Rs 149,753, supported by ongoing geopolitical tensions in the Middle East, although the increase was limited by falling oil prices. The delicate interplay in the Strait of Hormuz, characterized by persistent tensions Read More …
Gold prices experienced a slight decline, closing down by 0.25% at Rs 138,912, influenced by a robust U.S. dollar and diminishing anticipations regarding imminent Federal Reserve rate reductions. Market sentiment exhibited a cautious stance as policymakers suggested that the path Read More …
