Head Commodity News Today

Gold ETFs in India experienced a staggering 565% increase in assets under management (AUM) between June 2019 and April 2024, coinciding with the Modi governments second term. The surge in AUM, from Rs 4,930.44 crore to Rs 32,789 crore, correlates with a 1,483% rise in folios, indicating growing investor interest. This uptick is driven by factors like perceived safety, attractive returns, and the convenience offered by ETFs.

Silver shines amid market volatility, outpacing gold, Sensex, and Bitcoin. Industrial demand, Fed rate cut hopes fuel rally. Analysts bullish. Corrections possible, strategic buying advised.

India Business News: Silver prices have surged in May driven by increased industrial demand, interest rate expectations, positive global manufacturing activity. The white

Can we expect the trends to reverse or a top has been made? This is what multiple experts tell ETMakets as they spell out their trading strategy.

Gold prices hit new highs driven by US PPI data, with MCX June gold futures at Rs 72,678. Silver also rose, influenced by the DXY. Prices surged in April, with significant gains YTD.

Gold outperforms S&P BSE Sensex in 2024 with 13% YTD returns. Top stocks with superior performance to gold include Tata Motors, Sun Pharmaceuticals, Maruti Suzuki, Mahindra & Mahindra, State Bank of India, Tata Steel, Power Grid Corporation, NTPC, Bharti Airtel, and Reliance Industries.

The recent uptick has been on account of slippages in the dollar index (DXY) which has declined by 1.30% over the last one month. Today it was hovering near the 104.13 mark, up by 0.02 or 0.02%.

The gains in bullion prices have been on hopes of interest rate cuts by the US Federal Reserve and global central banks heightened buying of the yellow metal.

Gold and silver prices hit new lifetime highs in the opening trade on Monday continuing their dream run on the Street. Gold contracts on MCX hit a life high of Rs 71,080 per 10 grams jumping Rs 440 or 0.62%. Meanwhile, silver futures scaled a new peak of Rs 82,064. It was trading at Rs 81,939, rising Rs 1076 or 1.33%, around 10:10 am.

Gold and silver prices paused after reaching lifetime highs as market was influenced by geopolitical tension, Fed rate cut expectations, and policymakers remarks. Physical bullion market prices also played a role in the market movement.