Silver stays steady, selling at Rs 61,000/kg, while gold drops by Rs 100
Early on Wednesday, gold prices decreased by Rs 100 from the previous day’s rate, with 10 grammes of 24-carat yellow metal selling for Rs 51,980. The price of 10 grammes of 22-carat gold has decreased by Rs 100 to Rs 47,650. Contrarily, the price of silver, which is selling at Rs 61,000 per kilogramme, remained […]
Gold prices are down Rs 270 per kg, while silver is up Rs 60,000 per kg
On Thursday morning, gold prices in India fell by Rs 270 per gramme. After a Rs 250 drop, 10 gramme of 24-carat gold is trading at Rs 51,440, while 10 gramme of 22-carat gold is trading at Rs 47,150. The drop in gold prices comes after the US Federal Reserve raised interest rates for the […]
Today’s gold price is Rs 50,780 per 10 gramme, with silver at Rs 61,550 per kilogramme
On Wednesday, the price of 10 grammes of 24-carat gold increased by Rs 330 to Rs 50,780. Simultaneously, the price of one kilogramme of silver jumped from Rs 2,160 to Rs 61,550. The price of 10 grammes of 22-carat gold climbed by Rs 300 from the previous day’s rate to Rs 46,550. In Delhi and […]
Gold Down, but Remains Above $1,800 Mark Over Fed Taper Delay Expectations
By Administrator_ India Capital Sands Gold was down on Tuesday morning in Asia but remained above the $1,800 level. Hopes are also growing that the U.S. Federal Reserve could delay its planned asset tapering thanks to the continuing spread of COVID-19. Gold futures edged down 0.17% to $1,803.25 by 12:12 AM ET (4:12 AM GMT) after rising […]
Gold prices rise for 6th straight day amid easing US bond yields
By Administrator_ India Capital Sands Gold prices edged higher on Wednesday and were on course for a sixth straight session of gains, driven by a dip in US Treasury yields ahead of minutes from the Federal Reserve’s June meeting that could provide more clues on the policy stance. Spot gold rose 0.32 percent to $1,801.55 per ounce by […]
Gold Up, Powell Promises Rates Will Not Rise Too Quickly
By Administrator_ India Capital Sands Gold was up on Wednesday morning in Asia after U.S. Federal Reserve Chairman Jerome Powell’s reassuring message that interest rates will not rise too quickly based only on the fear of coming inflation. However, a strengthening dollar curbed gains for the yellow metal. Gold futures were up 0.26% to $1,782.05 by […]
Gold Up Ahead of Jerome Powell’s Testimony
By Administrator_India Capital Sands Gold Futures were up 0.32% to $1,788.65 by 12:17 AM ET (4:17 AM GMT) Although inflation had increased, it will move back toward Fed’s 2% target once supply imbalances resolve, said Powell in written remarks prepared for his Tuesday testimony before congress. Investors now await the hearing to get clues on the […]
Gold Up, Boosted by U.S. Treasury Yields Retreat
By Administrator_ India Capital Sands Gold futures were up 0.33% to $1,774.85 by 12:26 AM ET (4:26 AM GMT). The yellow metal slid 6% during the previous week in its worst week since March 2021 after the U.S. Federal Reserve sprung a surprisingly hawkish stance as it handed down its latest policy decision. The decision hinted that […]
Yellow Metal Trades Flat, Silver Shows Rise
By Administrator_ India Capital Sands Gold prices showed a meager jump on Wednesday, as on MCX, the yellow metal August futures traded at Rs 48,460 per 10 grams. On the other hand, silver showed a decent jump as its July futures were at ₹ 71,475 per kg, showing a jump of ₹ 227 over the […]
Gold Up -Than-Expected U.S. Consumer Prices Increase Inflation
By Administrator_ India Capital Sands Gold was down on Thursday morning in Asia over higher-than-expected U.S. consumer prices for April, increasing concerns about higher inflation. Gold futures were down 0.34% to $1,816.65 by 11:42 PM ET (3:42 AM GMT). The benchmark U.S. 10-year Treasury yield climbed to its highest level in more than a month, after an auction of 10-year […]