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NEW DELHI: After a spectacular run in the pandemic-hit 2020, precious metals have failed to impress despite a volatile beginning in the new fiscal year. Analysts, however, believe that the current consolidation phase is nothing but a normal one after last year's peak. "With fundamentals suggesting lower rates and higher anticipated inflation numbers, gold and silver prices may start their up trend again, attracting attention towards precious metals," Sunil Kumar Katke, Head - Commodity and Currency, Axis Securities, told ETMarkets.com. Last year, gold delivered a return of 45 per cent. Gold prices have declined by 25 per cent now from its peak of Rs 56,191 reached last year. The yellow metal is hovering around Rs 46,900-47,000 per 10 gram, implying a fall of Rs 9,300. Similarly, silver has plunged up to 15 per cent from the peak of Rs 77,950 to Rs 68,800-69,000.
Gold rate today: Yellow metal trades lower, silver near Rs 70,800 SECTIONS Share Synopsis Gold futures on MCX were down 0.06 per cent or Rs 27 at Rs 47,292 per 10 grams. Silver futures fell 0.19 per cent or Rs 137 to Rs 70,763 per kg. Shutterstock.com Spot gold was down 0.2 per cent at $1,789.02 per ounce by 0131 GMT. The metal touched its highest since Feb. 25 at $1,797.75 on Monday. US gold futures fell 0.2 per cent to $1,788.80 per ounce. Related NEW DELHI: Gold and silver futures prices dropped lower up on Tuesday, as a stronger dollar and optimistic comments from US Federal Reserve Chairman Jerome Powell on the economy weighed on the metal's safe-haven appeal.
Gold rate today: Yellow metal eyes Rs 47,000/10 gm mark, silver gains by Rs 400 SECTIONS Gold rate today: Yellow metal eyes Rs 47,000/10 gm mark, silver gains by Rs 400By Share Synopsis There are speculations that a lockdown may be imposed in India to curb the spread of the virus. ETRetail Gold futures on MCX were up 0.49% or Rs 231 at Rs 46,968 per 10 grams. Related NEW DELHI: Gold and silver futures prices ticked up on Monday, supported by a muted dollar ahead of the release of a series of US data and the deepening of the coronavirus pandemic in India. The dollar index was down 0.1 per cent against its rivals, making gold less expensive for other currency holders. Meanwhile, there were speculations that a lockdown may be imposed in India to curb the spread of the virus.
Gold rate today: Yellow metal declines further; silver near Rs 68,403 SECTIONS Share Synopsis Gold futures on MCX were down 0.08% or Rs 39 at Rs 46,664 per 10 grams. Silver futures declined 0.34% or Rs 234 to Rs 68,403 per kg. Shutterstock.com Spot gold was down 0.2 per cent at $1,767.12 per ounce by 0113 GMT, US gold futures were steady at $1,768.30 per ounce. Related NEW DELHI: Gold and silver futures were trading with cuts on Friday as higher US Treasury yields dampened the metal's appeal, while palladium eased off a record high scale a day earlier. Benchmark US 10-year Treasury yields rose to a more than two-week high in the previous session, increasing the opportunity cost of holding non-yielding bullion.
Gold rate today: Yellow metal climbs to Rs 47,250; silver costlier by Rs 700 SECTIONS Share Synopsis Gold futures on MCX were up 0.34 per cent or Rs 160 at Rs 47,253 per 10 grams. Silver futures rose 1.01 per cent or Rs 696 to Rs 69,739 per kg. Shutterstock.com Spot gold was up 0.2 per cent at $1,784.94 per ounce by 0101 GMT, having dipped to $1,762 in the previous session, its lowest since April 16. US gold futures rose 0.6 per cent to $1,784.50 per ounce. Related NEW DELHI: Gold and silver futures were trading with gains on Thursday bolstered by the US Federal Reserve's pledge to maintain easy monetary policy to aid economic recovery, while a weaker dollar provided further support.
Synopsis Gold futures on MCX were up 0.17 per cent or Rs 81 at Rs 47,853 per 10 grams. Silver futures advanced 0.16 per cent or Rs 112 to Rs 69,330 per kg. Shutterstock.com Spot gold was up 0.2 per cent at $1,787.11 per ounce by 0135 GMT, after hitting its highest since Feb. 25 at $1,797.67 on Thursday. Related NEW DELHI: Gold and silver futures were trading with gains on Friday as a softer US dollar, falling Treasury yields and a dip in equities after the US President Joe Biden's proposal to hike capital gains tax encouraged investors to flock towards bullion. The dollar index fell 0.1 per cent against its rivals, making gold cheaper for other currency holders. US 10-year Treasury yield ticked lower on news that Biden will propose a tax hike for high earners, to fund about $1 trillion in childcare, universal pre-kindergarten education and paid leave for workers.
Gold rate today: Yellow metal trades at Rs 48,200; silver trades above Rs 70,300 SECTIONS Gold rate today: Yellow metal trades at Rs 48,200; silver trades above Rs 70,300By Share Synopsis Gold futures on MCX were down 0.06 per cent or Rs 28 at Rs 48,200 per 10 grams. Silver futures declined 0.03 per cent or Rs 22 to Rs 70,316 per kg. Shutterstock.com Spot gold was steady at $1,793.32 per ounce by 0244 GMT, after hitting its highest since Feb. 25 at $1,797.67. Related NEW DELHI: Gold and silver futures were trading below the flatline on Thursday but losses were checked by a sagging dollar and weaker US Treasury yields that boosted the metal's appeal.