Gold Price Today: Gold rises Rs 555; silver jumps Rs 975 : Rashtra News Gold prices rose by Rs 555 to Rs 45,472 per 10 gram in the national capital on Friday amid rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 44,917 per 10 grams. Silver prices
After trading in a fairly steady range for months, bullion started spiking in early March. Its risen 14% since then and left a string of daily records in its wake.
Gold Price Today: Gold rises Rs 53; silver jumps Rs 45 : Rashtra News Gold prices rose by Rs 53 to Rs 46,844 per 10 grams in the national capital on Tuesday, reflecting overnight rebound in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,791
UBS, a financial services company, predicts that 2024 will be fruitful for gold, forecasting a price increase of 10% over current market prices. According to…
The yellow metal was down 0.60% on the week. The ten-year US yields fell 1.82% to 4.58% on Friday and slumped nearly 6% on the week. Likewise, the two-year yields settled 3% lower at 4.84% on the week. The US Dollar fell 1.07% to 105.06 on Friday as it recorded a weekly loss of around 1.50%.
The upcoming week will feature a series of speeches by Fed officials, including Fed Chair Jerome Powell, along with the release of US Retail Sales and Industrial Production data. Chinese GDP, fixed asset investment, and Retail Sales data are also expected to draw significant attention. With ongoing geopolitical tensions in the Middle East and fading prospects of another Fed rate hike, we anticipate that gold prices will remain well-supported in the short term.
Israel launched airstrikes on Gaza on Saturday and declared war on the Palestinian territory, after an unprecedented attack on Israeli towns by the Hamas militant group in Gaza.
India s gold demand fell 17 per cent to 112.5 tonnes in Q1 2023 due to record high gold rates and volatility, the World Gold Council (WGC) reported. Total jewellery demand dropped to 78 tonnes during Q1 2023, while the value of jewellery demand was Rs 39,000 crore, down by 9 per cent from the first quarter of 2022., Personal Finance News, Times Now