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)…
Equity benchmark Sensex jumped over 600 points in intraday trade on Monday, February 2, while gold and silver prices plunged sharply, leaving investors unsure about their next move. Should they increase exposure to equities or protect their wealth by staying on the sidelines? MCX Gold February futures have crashed by over ₹47,000, or 26%, per…
Gold Rate Today: The yellow metal prices slumped more than 12% to below $5,000 an ounce in its biggest daily decline since the early 1980s. Spot gold price closed 8.9% lower at $4,894.23 an ounce in New York. Silver price plunged 26% to settle at $85.20 an ounce. MCX gold rate cracked by ₹33,113, or…
Gold price today: Rates drop on MCX on profit booking amid dollar’s rise; is it the right time to buy the yellow metal? (This is a developing story. Please check back for fresh updates.) Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views…
Gold price today: The rates of gold rose in the domestic futures market on Tuesday (6 January) morning on healthy spot demand and increased geopolitical uncertainties. MCX gold February futures were 0.20% up at ₹1,38,392 per 10 grams around 9:10 am. MCX silver March futures were 1.26% up at 2,49,252 per kg at that time….
Escalating tensions between the US and Venezuela have further aggravated the rally in gold prices. The yellow metal climbed by over 2,000, or 1.5%, to 1,38,270 per 10 grams in the domestic spot market in intraday trade on Monday, 5 January. Silver prices saw even steeper gains of 3% to trade at Rs 2,43,530 per…
Gold price today: MCX gold rates jumped by 1.5% in early deals on Monday, 5 January, on increased geopolitical tensions after the US captured Venezuelan President Nicolas Maduro over the weekend. MCX gold February futures were 1.5% up at 1,37,750 per 10 grams around 9:05 am, while MCX silver March futures were 4.3% up at…
Gold price today: MCX gold rates slipped in the morning trade on Thursday, 1 January, on profit booking amid a rise in the US dollar. However, increased expectations of further rate cuts by the US Fed this year limited the losses for the yellow metal. Silver, on the other hand, traded with gains on increased…
Gold rate extended its record-breaking run during Wednesday’s session, December 24, registering yet another historic high and marking the third consecutive day of fresh record levels. Renewed geopolitical tensions, particularly between the US and Venezuela, boosted demand for safe-haven assets. A weakening US dollar, amid growing expectations of further monetary easing by the Federal Reserve…
