Gold and silver prices: The latest escalation in Middle East tensions, as the US and Israel stepped up their war against Iran, while Tehran threatened a full closure of the Strait of Hormuz, investor sentiment has turned risk-off. This, in turn, has driven safe-haven demand and gains in precious metals like gold and silver. After…
After a blistering rally over the past year, gold prices are starting to see sharp corrections. Since touching its all-time high on 28 January, gold has fallen 12.2% to $4,923.88 per troy ounce (as of 1.18 pm IST on 3 February). Here is a guide to the global macroeconomic factors that are driving down prices…
Gold Price Today: After being one of the hottest trades in precious metals over the past two years, gold has seen a sharp reversal. Gold prices on the MCX have fallen by nearly ₹38,000 from record highs, prompting investors to weigh whether the decline offers a buying opportunity or signals the need for greater caution….
Gold rate today: Gold prices, which had maintained an uninterrupted run over the past year, nosedived sharply in recent sessions, marking one of the biggest crashes in recent history. Investor sentiment toward the safe haven was hit amid concerns over a firm US dollar and the nomination of Kevin Warsh as the next Federal Reserve…
MCX Share Price Crash: Amidst the sharp turmoil in the commodity market, heavy selling was seen in the shares of Multi Commodity Exchange (MCX) on Saturday, February 1. MCX shares fell by about 17% and reached the lower circuit of Rs 2,146. This is the biggest fall in the stock in 5 years. The main…
ARK Invest founder and CEO Cathie Wood has delivered a contrarian take on markets, arguing that gold, and not artificial intelligence (AI), is showing signs of a bubble. Her reasoning is based on historical valuation metrics, macroeconomic context, and the US dollar’s trajectory. In a social media post on gold prices recorded their biggest intraday…
The commodity markets were in a chaotic situation on January 30 when most major metals hit lower circuits- silver crashed 30% and gold plunged 15%. According to Zerodha’s founder and CEO, Nithin Kamath, this commodity market crash has a key lesson for investors: trade only with money you can afford to lose because when markets…
The sharp sell-off in precious metals deepened during Friday’s afternoon session, gold and silver futures on the MCX plunging as much as 15% after opening up to 4% lower earlier in the day. MCX February gold futures slid 9%, or ₹15,000 per 10 grams, to ₹154,157 in afternoon trade. From record highs, the yellow metal…
Precious metals – gold and silver – came under heavy selling pressure in Friday’s trading session, impacted by a firm US dollar and profit-taking by investors after a sustained rally that had pushed both metals to multiple record highs. Silver, which had outpaced gold in the recent rally, plunged ₹72,000 per kilogram, or 20%, in…
Gold, silver price crash: A sharp selloff gripped the precious metals market in Thursday’s trading session, January 29, causing gold prices to crash almost 6% and silver prices to tumble 8%. Both gold and silver retreated sharply from their all-time high levels as the US dollar strengthened and amid a decline in the US stock…
