A full-scale war, increased geopolitical risks, sticky inflation, and faltering economic growth—each of these factors is a major driver of gold prices. Together, they can potentially send the yellow metal soaring. Yet, even a confluence of these factors has failed to trigger a sharp upside in gold prices. In fact, the metal is undergoing a…
Gold prices today: The yellow metal fell on Monday as rising energy prices and inflation concerns reduced expectations of US interest-rate cuts, while the conflict involving the US, Israel and Iran continued to escalate. MCX gold rate for April futures contracts opened lower by ₹1,225, or 0.77%, at ₹1,57,241 per 10 grams as against its…
Gold price today: Gold rate jumped over 1% on the MCX on Wednesday (March 4) morning, recouping some of its losses from the previous session amid heightened geopolitical risks stemming from the US-Iran war. MCX gold April futures jumped 1.13% to ₹₹1,62,930 per 10 grams, while MCX silver futures may rise 1.3% to ₹2,68,700 per…
US-Iran war: The joint attack by the US and Israel on Iran has raised geopolitical risks, dealt a blow to investors’ already weak risk appetite, and boosted commodity prices, including crude oil, gold, and silver. US gold futures for April delivery jumped 1% to end at $5,267.20 per troy ounce on Friday, rising 11% for…
Gold and silver prices suffered significant losses on the MCX in the intraday session on Tuesday, February 17. MCX gold April futures dropped to ₹1,51,244 per 10 grams during the session, falling by more than ₹3,500, or over 2%. On the other hand, MCX silver March contracts suffered a bigger loss of over ₹10,500, or…
Gold price today: Gold rate declined in the domestic futures market on Tuesday (February 17) morning amid profit booking amid a stronger dollar and weak spot demand. MCX gold April contracts dropped by over ₹1,200, or 0.80%, to ₹₹1,53,550 per 10 grams. The dollar index jumped over 2% to 97.15, making greenback-backed bullion expensive for…
Gold rate has seen a significant correction over the last few sessions, largely due to profit booking at higher levels. MCX gold April contracts are down nearly 18% from their peak and are witnessing high volatility, raising concerns that the prices may see further correction. Most experts say it is unlikely that gold prices will…
Gold price today: The rates of gold and silver saw strong gains in the morning trade on the MCX on Wednesday, February 4, on strong spot demand and the dollar’s weakness. MCX gold April contracts were 4% up at ₹1,59,801 per 10 grams around 9:15 am, while MCX silver March futures were 5.5% up at…
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…
