Gold and silver prices are undergoing a deep correction due to hectic profit booking amid an increase in CME precious metals margin requirements, the dollar’s rise, and easing geopolitical tensions. Stellar gains since last year drove gold and silver rates to unprecedented levels, causing demand fatigue and profit booking. Gold rate on MCX (February futures)…
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…
After a record-breaking rally in the last few weeks, the prices of gold and silver crashed on Friday. Gold suffered its biggest slide in four decades, falling more than 12% in its biggest daily decline since the early 1980s. Silver posted a record intraday decline, plunging more than 36%, as the selloff swept through the…
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…
The sell-off in gold and silver accelerated further in Thursday’s trading session, as a strong US dollar is making dollar-priced commodities more expensive for holders of other currencies. Gold February futures tumbled by 1,566 per 10 grams to reach the day’s low of 136,443, extending losses for the second consecutive session. Yet, prices still remain…
Gold and silver prices gave up some of their recent gains in Wednesday’s session, as the continued rally in both precious metals appeared to trigger booking profit. Traders were also holding their positions ahead of key US economic data later this week, while a strengthening US dollar contributed to the sharp pullback. Gold February futures…
