CURRENT GOLD PRICE
Gold Prices in Christmas week: Gold rates to go bullish? Experts have answers
Christmas week is here and all eyes are on the Gold prices.
Learn with ETMarkets: Understanding base metals and how to trade it
Base metal prices are shaped by global economic trends and industry-specific factors, with China's economic conditions playing a pivotal role. As the largest consumer and producer, China significantly influences global pricing dynamics.
India to reassess gold import data amid calculation errors, double-counting concerns
India's import data since July is under scrutiny due to a potential miscalculation in gold imports. A transition in data portals may have led to errors, prompting a govt investigation. November's gold imports were initially reported at a record high, impacting the trade deficit. Officials are examining whether gold movements within special economic zones were double-counted.
Year-ender 2024: Gold outshines Sensex and Nifty with 20% returns, but 2025 may be different. Here¡¯s why
Gold prices have surged for seven consecutive quarters, driven by global economic shifts, geopolitical tensions, and increased investment demand, ICRA noted. This fiscal, average gold prices have risen 25% compared to FY2024, despite minor corrections. However it is up against formidable challenges in the form of strengthening US dollar and cryptocurrencies in 2025 and one should expect moderate gains, opined experts.
Gold jewellery consumption to grow 14-18 pc in FY25 in value terms: Report
India's domestic gold jewellery consumption is projected to grow by 14-18% in value during FY25, driven by favorable prices and festive demand. A customs duty cut and increased auspicious days further boost this growth. Organized jewellers are expanding, particularly in tier II and III cities, and expect a revenue increase of 18-20%.
December print and next few prints may take us closer to 4% inflation mark: Aditi Nayar
ICRA's Chief Economist, Aditi Nayar, projects a slight rise in WPI inflation to 2.5-3% this month, diverging from CPI but converging by December. She anticipates CPI inflation cooling to 5-5.1%, potentially prompting a February rate cut. While a record trade deficit was driven by gold imports, Nayar expects moderation, forecasting a full-year current account deficit of 1.3-1.4% of GDP.
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Gold Rush! Is the jewellery market set to shine bright this fiscal year?
ICRA projects 14-18% growth in India's gold jewellery consumption (value terms) for FY2025, driven by festive demand, weddings, and rural prosperity. Organised jewellers are expanding retail networks, benefiting from the import duty cut and a shift to branded jewellery. Despite margin contraction due to one-time losses from the duty cut, the sector's outlook remains positive.
Gold steadies ahead of Federal Reserve's policy meeting
Gold prices held steady as the market awaited the Federal Reserve's policy meeting and its 2025 outlook. A quarter-point rate cut is widely anticipated, with further cuts less certain. Geopolitical tensions, including new sanctions on North Korea and Russia, added to market uncertainty. Investors also eyed upcoming U.S. economic data.
Gold price today slips. Check what is latest Gold rate
Gold rate on Friday gone down even though prices for the overall week have seen an uptick.
Gold, silver prices slump amid heavy selling by jewellers, stockists
Gold and silver prices slumped in the national capital on Friday, with the precious metal plummeting to below the Rs 80,000-mark due to heavy selling by jewellers and stockists, according to the All India Sarafa Association. Besides, a weak trend in the international markets weighed down heavily on the bullion prices, traders said.
Mark Zuckerberg¡¯s gold-plated chain sold at auction for nearly 100 times its market value. He wore it only once
Mark Zuckerberg's gold-plated chain was sold at an auction for nearly 100 times its market value. The 6.5mm Cuban chain gold vermeil necklace was sold after 96 bids. Mark Zuckerberg's gold vermeil chain was being sold to support Inflection Grants, a philanthropic initiative pursuing unconventional creative projects. He wore it only once.
Gold price today: Gold rates go down on Thursday. Check how much will it cost?
Gold became cheaper on Thursday. However, even after gold rate has gone down, prices are high after five-week high.
Gold rate forecast: Gold prices to climb record high in 2025?
Gold and silver prices are predicted to do well in 2025.
Gold Rate Today: Yellow metal rises above Rs 77,700/10 grams amid China¡¯s stimulus pledge; Silver at Rs 95,330kg
Gold prices climbed on Tuesday, boosted by China's renewed economic stimulus pledge and its resumption of gold purchases. Investors now await U.S. inflation data, which will influence the Federal Reserve's interest rate decision. Safe-haven demand amidst geopolitical tensions further supported gold's rise.
Gold Rate Today: Yellow metal shines ahead of US jobs data; silver jumps Rs 780 per kg
Spot gold rose 0.3% to $2,638.66 per ounce by 03:46 GMT, recovering from its lowest level since November 26 earlier in the session. Prices remain down 0.4% for the week. U.S. gold futures climbed 0.5% to $2,661.00. The U.S. payrolls report, due at 13:30 GMT, is expected to show a 200,000-job increase in November, following a 12,000 rise in October.
Gold heads for second weekly fall; spotlight on US payrolls data
Gold prices held steady but were set for a second weekly decline as traders awaited U.S. jobs data. The November non-farm payrolls report is expected to show continued easing of labor market conditions, potentially influencing the Federal Reserve's decision on further rate cuts. Silver was flat, while platinum and palladium were down.
Gold Rate Today: Yellow metal dips to Rs 76,980/10 grams as investors await US payrolls data; Silver at Rs 92,026kg
As of 10:01 am, February gold futures on MCX dipped 0.15% to Rs 76,980 per 10 grams, while March silver futures fell 0.29% to Rs 93,026 per kg. Spot gold held steady at $2,647.17/oz, and US gold futures edged down 0.2% to $2,671.10.
Gold price today: Check gold rates forecast, factors to watch out
Gold prices today were steady as the US dollar has shown a marginal recovery.
Sovereign Gold Bond premature redemption price: Withdraw this SGB series at 158% higher than issue price
Sovereign Gold Bond: The Reserve Bank of India (RBI) has announced the premature redemption price for Sovereign Gold Bonds (SGB) for Series X of SGB 2017-18. The tenure of gold bonds is 8 years and premature redemption of SGBs is permitted only after the fifth year from the date of issue.
Gold Rate Today: Yellow metal slips on stronger US dollar, profit-taking; Silver falls by Rs 1,000 per kg
On Monday, gold prices fell due to a stronger US dollar and profit-taking. Investors are awaiting key US economic data to gauge the Federal Reserve's next steps on monetary policy. February gold futures fell on the MCX, and silver prices also dropped. Major US economic data and a few Fed officials are expected to speak this week.
22K gold rates today: Check gold jewellery rates of Malabar Gold, Joyalukkas, Kalyan Jewellers, Tanishq
22K gold rates today: Buying hallmarked jewellery provides third party assurance and satisfaction that the customer gets the right purity of gold/silver for the given price (value for money). Let's examine the prices of 22 karat gold of a few famous jewellery brands in India as of November 30, 2024 (12.50 PM IST). Note that these rates exclude GST and making charges.
Gold prices expected to jump to $3150 per troy ounce, 19% over current levels: Goldman Sachs
Goldman Sachs has predicted that gold prices could surge to $3150 per troy ounce if US fiscal concerns escalate. This rise is attributed to gold's role as an inflation hedge and growing geopolitical tensions. The bank has also highlighted the diversifying role of commodities like gold and oil in portfolios, especially given potential US policy shifts in 2025.
Gold prices barely move ahead of US inflation data
Gold prices remained stable. Investors anticipated US inflation figures. These figures will hint at a possible Federal Reserve rate cut. US consumer confidence rose. A ceasefire between Israel and Hezbollah was announced. Key US economic data releases were expected. China's gold imports dipped. Platinum is predicted to face a deficit in 2025.
Gold price today: Gold rate goes up after touching one-week low
Gold price today went up to $2,633.99 per ounce. The US gold futures were up 0.6 per cent to $2,634.10.
Gold Price Today: Gold prices fall by Rs 2,200/10 gm in 2 days, silver down by Rs 2,700/kg
Gold and silver futures opened flat today after a sharp two-day decline triggered by news of a potential Israel-Lebanon ceasefire and Trump's Treasury Secretary pick. An expert advises short-term traders to wait for market stability, while long-term investors might consider buying at the lower prices. Physical gold rates vary across major Indian cities.
Gold Price Today: Yellow metal prices gain Rs 2,850/10 gm in 1 week, silver up by Rs 1,200/kg
Gold and silver futures opened lower amid profit booking, but both metals gained last week. Experts foresee volatility driven by the US Dollar Index and geopolitical tensions.
Geo-political tension remains a strong tailwind for gold. Buy yellow metal on dips
Spot gold prices surged this week, recovering from recent losses, as escalating tensions between Russia and Ukraine fueled safe-haven demand. Despite mixed economic data, geopolitical concerns, including Russia's test of a new ICBM, pushed gold to a record high in euros. Analysts remain bullish, suggesting dips in the market present buying opportunities amid ongoing global uncertainty.
India's current account deficit to remain manageable in FY25, Rupee to remain in pressure: Bank of Baroda
Bank of Baroda predicts India's current account deficit will remain manageable in FY25 and FY26 due to stable oil prices. However, a widening trade deficit, driven by increased oil and gold imports, poses a challenge. Despite export growth, the rupee is expected to weaken due to a strong dollar and capital outflows.
Gold declines Rs 450 to Rs 79,550 per 10 grams; silver plunges Rs 600
Gold prices declined by Rs 450 to Rs 79,550 per 10 grams in the national capital on Monday amid weak trends in the international markets, according to the All India Sarafa Association. On Friday, the yellow metal had settled at Rs 80,000 per 10 grams.
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