TAG: spot gold price
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 ago
Gold price jumps 6% this month. Should you buy as MCX gold rate dips ₹1000 from record high?
Gold rate today: On account of three interest rate cuts in 2024 by the US Federal Reserve, gold price on the Multi Commodity Exchange (MCX) touched a new high of ₹66,943 per 10 gm last week. However, profit-boking soon triggered and the yellow metal pric...
6 months ago
Gold rate today, 21st March 2024: Gold price hits new peak of ₹66,943 on MCX after US Fed meeting. Buy or sell?
Gold rate today: On account of three US Fed rate cut buzz in 2024, gold price extended its Wednesday evening rally on Thursday morning deals. Gold futures contract on the Multi Commodity Exchange (MCX) for the April 2024 expiry opened higher at ₹66,100 p...
6 months ago
Gold Prices Today: Yellow metal extends gains as investors await US inflation data, silver up 0.6%
Gold Prices Today: Gold prices extended gains on Wednesday, March 27, as investors awaited US inflation data that will throw further light on the US Federal Reserve's policy path after the central bank kept interest rates unchanged for the fifth straight...
6 months ago
Why are gold, silver prices flirting with record highs despite resilient US dollar? — explained with 5 reasons
Gold and silver rates today: Despite the rise in the US dollar rates, gold and silver prices continue flirting with the record high on US Fed rate cut buzz. Gold futures contract on the Multi Commodity Exchange (MCX) for June 2024 expiry climbed to a new...
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 glitters over softer US PPI figures, geopolitical risks add to yellow metal's shine, silver down 0.3%
Gold prices traded higher on Thursday, April 11, after softer-than-expected US producer prices data boosted hopes for US interest rate cuts this year, while persistent geopolitical concerns added to the yellow metal's shine. Spot gold rose 0.3 per cent...
6 months ago
Gold prices hit all-time high on strong US inflation figures, Fed rate cut buzz. Silver price also climbs a new peak
On account of strong US inflation figures and the US Fed rate cut buzz, the gold rate today climbed to a new peak in the domestic and international markets. Comex gold price today climbed to a new lifetime high of $2,412 per troy ounce while the spot gol...
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 rate outlook: Goldman Sachs raises yellow metal price forecast to $2700 per ounce by year-end
Gold prices traded near record-high levels on Monday after a sharp rally led by safe-haven demand amid ongoing conflict in the Middle East. Gold rate has rallied 20% over the past two months and analysts expect further gains in the bullion prices. While...
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 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