Gold Rises as Fed Rate Hike Fades and China Boosts July Buys

Bullions News

Gold prices concluded the trading session with a 0.44% increase, reaching Rs 153,765. This uptick was bolstered by diminishing expectations surrounding Federal Reserve rate hikes and reports indicating that China’s central bank augmented its gold purchases in July. Investors maintained Read More …

Silver Surges on Surprise US Labour Market Contraction

Bullions Updates

Silver prices concluded the trading session with a 2.33% increase, reaching Rs 236,867. This uptick was bolstered by an unforeseen contraction in the U.S. labour market, which subsequently diminished expectations for an imminent rate hike by the Federal Reserve. The Read More …

Gold Soars as Fed Hike Hopes Dwindle, Eyes on US Inflation Data Today

Bullions Updates

Gold prices concluded the trading session at Rs 153,099, reflecting an increase of 0.84%. This uptick was bolstered by disappointing U.S. jobs data, which tempered anticipations regarding imminent rate hikes by the Federal Reserve. The U.S. economy unexpectedly shed jobs Read More …

Silver Slides as Investors Assess Monetary Policy and Interest Rates

Bullions Updates

Silver prices concluded the session at Rs 225,836, reflecting a decline of 0.77% as investors assessed the implications of U.S. monetary policy and anticipated future interest rate adjustments. The downside remained constrained following an agreement between Iran and Oman to Read More …

Gold Rallies for Third Session as Dollar and Treasury Yields Fall

Bullions News

Gold prices commenced higher for the third consecutive session on the MCX on Thursday, buoyed by a depreciating U.S. dollar, declining Treasury yields, and softening oil prices, amidst increasing optimism regarding the reopening of the Strait of Hormuz. In the Read More …

Silver Soars on Softer Inflation

Bullions Updates

Silver prices experienced a notable increase of 2.25%, closing at Rs 221,615. This rise was bolstered by enhanced market sentiment following U.S. President Donald Trump’s announcement regarding the resumption of peace talks with Iran, which alleviated geopolitical tensions and contributed Read More …