TAG: Spot gold
Gold prices rise ahead of US inflation data, silver slips 0.3%
Gold prices surged, supported by a decline in the U.S. dollar, as investors awaited upcoming data to assess inflation trends, crucial for understanding the Federal Reserve's approach to interest rates, on Tuesday. At 09:58 a.m. EDT (1358 GMT), spot gold...
6 months agoGold prices rally to record high of ₹62,020, silver prices up
Gold prices on Thursday rallied by ₹940 to touch a lifetime high of ₹62,020 per 10 grams amid strong global trends, according to HDFC Securities. The precious metal had settled at ₹61,080 per 10 grams in the previous trade. Silver also zoomed ₹660 to ₹...
6 months agoGold prices decline by ₹330; silver tumbles ₹1,650
Gold prices are trading below yesterday’s close amid a sharp rebound in the dollar. Gold prices declined by ₹330 to ₹61,370 per 10 grams in the national capital on Thursday amid weak global trends, according to HDFC Securities. In the previous trade, th...
6 months ago
Gold continues to shine for seventh session straight on geopolitical tensions; silver surges to three-year high
Gold prices surged to a record high for the seventh consecutive session, driven by both central bank acquisitions and geopolitical tensions, on Monday. Despite robust economic indicators, the appeal of bullion remained strong. At 11:54 a.m. ET (1554 GMT...
6 months ago
Gold prices drop from all-time highs over strong US inflation figures
Gold prices retreated from their record highs on Wednesday as the U.S. dollar strengthened and Treasury yields rose. This movement came in response to a robust inflation report, which tempered speculation about an imminent rate cut in the United States....
6 months ago
Gold prices cross $2,400 mark on Middle East tensions, up by 4% this week; silver surges to highest level since 2021
Gold surged past the $2,400 per ounce mark, hitting an unprecedented peak on Friday, marking its fourth consecutive week of gains. Escalating tensions in the Middle East spurred investors to flock to safe-haven assets. At 10:56 a.m. ET (1456 GMT), spot...
5 months ago
Gold declines as dollar, yields strengthen following US retail sales data
Gold prices declined as the dollar strengthened and Treasury yields rose, driven by an unexpected increase in U.S. retail sales in March, on Monday. This development raised concerns that the Federal Reserve might postpone interest rate cuts for the year...
5 months ago
Gold price eases despite Iran-Israel tensions; silver surges 1.4%
Gold prices experienced a decline on Tuesday, attributed to mounting expectations of fewer U.S. interest rate cuts throughout the year, which overshadowed the demand for safe-haven assets amid ongoing tensions in the Middle East. By 09:26 ET (1326 GMT),...
5 months ago
Gold rate today: Yellow metal prices steady amid geopolitical risks; higher US Treasury yields weigh
Gold prices were steady on Wednesday led by safe-haven demand amid the Middle East conflict partially offseting pressure from higher US Treasury yields. Spot gold price was at $2,383.29 per ounce, while US gold futures fell 0.3% to $2,399.60 per ounce....
5 months ago
Gold prices inch upwards despite Middle East tension; spot silver rises 1.8%
Gold prices strengthened due to geopolitical unrest in the Middle East, driving demand for safe-haven assets, on Wednesday. However, hopes for U.S. interest rate cuts waned, limiting further gains. As of 9:40 a.m. ET (1340 GMT), spot gold increased by...
5 months ago
Gold prices: Precious metal rates stabilised, hovering around ₹72,000 per 10 gram; Is it right time to invest?
Gold prices stabilized as concerns over tensions in the Middle East diminished, with investors gearing up for forthcoming U.S. economic data expected later in the week, on Wednesday. This data could provide insights into the Federal Reserve's trajectory...
5 months ago
Gold prices decline over 2%, down to one-week low; silver shreds 4.6%
Gold prices experienced a decrease of over 2%, reaching a one-week low, as concerns about a potential broader conflict in the Middle East eased, on Monday. This led investors to reduce their safe-haven positions and favor riskier assets such as equities....
5 months ago
Gold slips 1% to touch one-week low ahead of Fed meeting, silver dips 2.6%
Gold prices experienced a decline of over 1% to reach a one-week low on Tuesday, primarily driven by an increase in the dollar and U.S. Treasury yields. However, despite this downturn, robust safe-haven demand and continued central bank buying have con...
5 months ago
Gold prices rise due to weakened dollar and soft US jobs data, silver jumps 2.4%
Gold prices surged by over 1%, buoyed by a weakening U.S. dollar following subdued U.S. jobs data, on Monday. This prompted speculation of potential interest rate cuts by the Federal Reserve in the coming months. Spot gold experienced a rise of 0.8%, r...
5 months ago