USD vs INR: The Indian rupee depreciated past 93 against the US dollar for the first time on Friday, marking its sharpest single-day decline in more than four years, amid concerns over the impact of Iran’s war-driven disruptions to global energy supplies on Asia’s third-largest economy. The rupee dropped over 1% to 93.7350 per dollar,…
Precious metals, which had shown a limited reaction to the ongoing US-Israel conflict with Iran, witnessed strong buying in Tuesday’s session, largely driven by a drop in the US dollar as investors turned their attention to central bank meetings, making dollar-priced commodities more attractive for other currency holders. The April futures contract on COMEX gold…
Both gold and silver were little changed in Thursday’s session, as a strong US dollar and fading expectations of near-term interest rate cuts by the US Federal Reserve made precious metals less attractive to investors, even as tensions in the Middle East remained high. The April futures contract on COMEX gold dropped $64.4 to the…
Precious metals edged lower in Wednesday’s trade on 11 March from a strong close in the previous session as the US dollar resumed gains, making greenback-priced commodities more expensive for other currency holders. The April futures contract on COMEX Gold dropped $87 to the day’s low of $5,155.9 per troy ounce, erasing half of the…
Precious metals gold and silver, which had shown a limited reaction to the ongoing US-Iran war, saw a strong spike in Tuesday’s session, 10 March, supported by a retreat in the US Dollar Index, which made the metals cheaper for holders of other currencies. The April gold futures contract on COMEX regained strength, rising $136…
Gold and silver rates today: Safe-haven bullions gold and silver rates today witnessed a rebound on Tuesday, March 10, after the US dollar weakened following remarks by Donald Trump suggesting that the war with Iran could be nearing its end. Spot gold rate today was up 1% to $5,145 per ounce, while spot silver prices…
Gold rate today: Amid escalating tension in the US-Iran war, the MCX gold rate remained sideways to positive last week and finished at ₹₹1,61,675 per 10 gm, around ₹19,000 away from the lifetime high of ₹₹1,80,779 per 10 gm. In the international market, the COMEX gold price ended at $5,158.70 per troy ounce, $468.10 away…
US-Iran war: The US Dollar Index moved closer to the 100 level on Friday, touching an intraday high of around 99.30, even as global crude oil prices climbed amid ongoing tensions between the United States and Iran, which showed little sign of easing. The index gained 1.3% for the week, marking its strongest weekly rise…
Gold rate today: Despite tensions in the Middle East intensifying, precious metals have pulled back sharply in Tuesday’s session, March 3, weighed down by a strong US dollar, which has made greenback-priced commodities more expensive for holders of other currencies. Gold, often deemed a safe-haven asset by investors during times of crisis, fell $230 per…
Gold and silver prices were trading in losses in Thursday’s session, February 26, as investors held off their bets ahead of the US-Iran nuclear talks later in the day, while the US Federal Reserve is expected to maintain interest rates at current levels in its next policy meeting. The April futures contract on Comex fell…
