Mint Quick Edit | All that’s gold needn’t glitter: There’s paper gold
2 months, 4 weeks ago

Mint Quick Edit | All that’s gold needn’t glitter: There’s paper gold

Live Mint  

Not just equity but even gold investors are having a field day, with the price of the yellow metal hitting record highs. The large stimulus announced by China’s central bank is seen to have a role in the rise, as also uncertainty brought by intensifying hostilities in West Asia. Softening US Treasury yields after the US Federal Reserve’s rate cut have also fed appetite for gold. Globally, the metal is used as a hedge against inflation and economic turmoil, but studies show that falling real rates of interest also offer it robust support.

India Gold  yellow  edit  metal  thats  theres  gold  quick  paper  mint  need  glitter  investors  india  yields  west  demand  price  neednt

History of this topic

Gold price today: Rates dip ahead of RBI policy decision, US payrolls data; experts highlight key levels for MCX Gold
2 weeks, 4 days ago

Gold price today: Rates dip ahead of RBI policy decision, US payrolls data; experts highlight key levels for MCX Gold

Live Mint  

Gold price today: Gold rates declined in the domestic futures market on Thursday morning as investors grew cautious ahead of the Reserve Bank of India's monetary policy announcement on Friday. Gold trade changed little in international markets after Fed Chair Jerome Powell said the economy was stronger than the central bank's earlier expectations. Key levels for MCX Gold According to …

Today Gold Rate 01-12-2024: Check latest prices in your city
3 weeks, 1 day ago

Today Gold Rate 01-12-2024: Check latest prices in your city

Hindustan Times  

The gold rate has experienced a decrease today, with the price of 24 carat gold being reported at ₹7817.3 per gram, reflecting a decline of ₹120.0. For silver in Delhi, the current rate is ₹94600.0 per kg, which is higher than yesterday's price of ₹92500.0 per kg and lower than the price of ₹95000.0 per kg from last week. In …

Gold prices surge by ₹600 to ₹78,050 amid strong global trends; silver up ₹1,500
1 month ago

Gold prices surge by ₹600 to ₹78,050 amid strong global trends; silver up ₹1,500

Live Mint  

Gold prices rose ₹600 to ₹78,050 per 10 grams in Delhi on Tuesday, November 19, amid a strong global trend in the foreign markets, according to the All India Sarafa Association, reported the news agency PTI. The 99.5 per cent purity gold rose ₹600 to ₹77,650 per 10 grams, compared to ₹77,050 per 10 grams in the previous market session. …

Is it a good time to buy gold? 3 things you should know
1 month ago

Is it a good time to buy gold? 3 things you should know

India Today  

Gold prices in India have been on the rise over the past few days, showing upward movement in the market. The rise in gold prices is attributed to a softer US dollar and increased investor interest in safe-haven assets amid geopolitical and economic concerns. FACTORS INFLUENCING GOLD PRICES Geopolitical tensions - Jateen Trivedi, VP Research Analyst at LKP Securities, said …

Gold futures fall ₹1,886 to ₹75,386 per 10 grams amid weak trend in international market; silver plummets 2.26%
1 month, 1 week ago

Gold futures fall ₹1,886 to ₹75,386 per 10 grams amid weak trend in international market; silver plummets 2.26%

Live Mint  

Gold's future contract rates on the Multi Commodity Exchange of India index fell 2.44 per cent to ₹75,386 as of 10:01 p.m. on November 11. In the domestic markets, Gold prices slid ₹450 to ₹79,550 per 10 grams in the national capital, Delhi, on Monday amid weak trends in the international markets, reported the news agency PTI, citing data from …

Gold Prices Today: Yellow metal to log worst week in five months after Trump’s win weighs on US Fed rate outlook
1 month, 2 weeks ago

Gold Prices Today: Yellow metal to log worst week in five months after Trump’s win weighs on US Fed rate outlook

Live Mint  

Gold Prices Today: The yellow metal dropped on Friday, November 8, but was poised to log its steepest weekly decline in over five months. A stronger US dollar pressured gold prices, and the stock market absorbed the implications of Donald Trump's recent victory in the US elections in 2024 and its potential impact on US Federal Reserve interest rate expectations. …

Gold bonds: A win-win idea for our economy and investors alike
8 months ago

Gold bonds: A win-win idea for our economy and investors alike

Live Mint  

In November 2015, when Prime Minister Narendra Modi launched three gold-related schemes—the Gold Monetisation Scheme, Gold Coin and Bullion Scheme and the SGB one—not many were hopeful they would be an answer to our fascination with the metal. “These schemes could help on the margin, but they do not address the underlying problem, which is households’ need for alternative assets …

Gold prices at fresh record high of ₹71,000, silver hits new peak: Check latest rates
8 months, 2 weeks ago

Gold prices at fresh record high of ₹71,000, silver hits new peak: Check latest rates

Hindustan Times  

Gold prices today April 8: Gold and silver prices hit new lifetime highs today as Gold contracts on MCX hit a life high of ₹71,080 per 10 grams as it rose ₹440 or 0.62%. Gold prices today April 8: Gold prices in Delhi today is ₹ 71210.0/10 grams. Gold and silver prices in Delhi Gold prices in Delhi today is …

Gold prices hit record high of ₹65,000 per 10 grams. Check rates in your city
9 months, 2 weeks ago

Gold prices hit record high of ₹65,000 per 10 grams. Check rates in your city

Hindustan Times  

Gold rates surged by ₹800 to hit a fresh record high of ₹65,000 per 10 grams on Tuesday in the national capital. Gold prices experienced an uptick driven by growing speculation that the US Federal Reserve will cut interest rates in June, as per an expert According to website Goodreturns, 10 grams of 24K gold was priced at ₹64,850 in …

Gold demand in India may hit 900 tonnes this year
10 months, 1 week ago

Gold demand in India may hit 900 tonnes this year

Live Mint  

The demand for gold in India, which has been in the range of 700-800 tonnes annually since 2019, is expected to increase to 800-900 tonnes in the calendar year 2024 on the back of robust economic growth and higher income, Somasundaram P.R., managing director at the World Gold Council, told Mint. However, a pick up in the purchase of gold …

Gold prices retreat as US dollar hits over one-month high, yields hold above 4%
11 months, 1 week ago

Gold prices retreat as US dollar hits over one-month high, yields hold above 4%

Live Mint  

Gold prices declined on Tuesday, January 16, hurt by a strengthening US dollar and Treasury yields, as markets wait to hear remarks from several Federal Reserve officials this week to further gauge the central bank's monetary policy path. The dollar index rose 0.8 per cent to a more than one-month high, making bullion less attractive for other currency holders, while …

Gold extends gains after Fed rate cut outlook lowers US dollar, yields
1 year ago

Gold extends gains after Fed rate cut outlook lowers US dollar, yields

Live Mint  

The gold prices touched a one-week high after the US dollar and Treasury yields plunged in response to the US Federal Reserve's dovish outlook. "We retain a positive outlook for gold, targeting a price of $2,250 per ounce by the end of 2024," UBS analyst Giovanni Staunovo told Reuters. Seventeen of 19 Fed officials projected lower interest rates by end-2024 …

Mint Primer: Why sovereign gold bonds are glittering away
1 year, 2 months ago

Mint Primer: Why sovereign gold bonds are glittering away

Live Mint  

Investors subscribed to 11.67 trillion units of SGBs at ₹5,923 per unit aggregating ₹6,914 crore. This is significantly higher than the 7.7 trillion units subscribed in the June tranche and the highest subscription since the government began issuing SGBs back in November 2015. Also, SGBs have worked well as a hassle-free investment option without the need to hold physical gold. …

Gold drops by ₹550, silver falls by ₹900 as dollar strengthens on Fed pause
1 year, 6 months ago

Gold drops by ₹550, silver falls by ₹900 as dollar strengthens on Fed pause

Live Mint  

The price of gold slumped by ₹550 to ₹59,700 per 10 gram in the national capital on Thursday amid negative global trends, according to a report by HDFC Securities. Gold contracts for August delivery traded downward on the Multi Commodity Exchange, falling by ₹513 or 0.87% to ₹58,785 per 10 gram in a transaction volume of 13,548 lots. Globally, gold …

Gold price retraces from record high on US Fed’s rate hike buzz. Buy or wait?
1 year, 7 months ago

Gold price retraces from record high on US Fed’s rate hike buzz. Buy or wait?

Live Mint  

Gold rate today: On account of US Fed's rate hike buzz, gold price retraced more than ₹1,400 from its life-time high of ₹61,371 per 10 gm on Multi Commodity Exchange. However, they maintained that US dollar rate will continue to dictate gold prices and advised investors to maintain 'buy on dips' strategy as $1,960 to $1,950 is looking good support …

Mint Explainer: What demonetization really achieved
1 year, 11 months ago

Mint Explainer: What demonetization really achieved

Live Mint  

Let’s recall the lofty intentions behind demonetization. Still, cash retains its popularity despite the emergence of digital platforms, and for a simple reason – it offers anonymity in financial transactions, unlike digital transactions which leave a trail. Two factors may have contributed to the demonetization calculations going awry -- First, many Indians do not hoard black money in cash in …

Gold prices today fall slightly from highest level in 9 months
2 years ago

Gold prices today fall slightly from highest level in 9 months

Live Mint  

Gold rates in India held firm near nine-month highs ahead of the key Fed decision later tonight. In global markets gold today edged lower ahead of US Fed decision but still remained above the key $1,800 per ounce level. Jateen Trivedi, VP Research Analyst at LKP Securities, said: “Gold prices stayed above ₹54500 and rose strongly in the last 24 …

For Indians, historical returns, currency hedge argument make compelling case to keep their faith in gold
2 years ago

For Indians, historical returns, currency hedge argument make compelling case to keep their faith in gold

Firstpost  

In fact, gold in rupee terms has had a healthy return track record, given the consistent decline of the rupee against the dollar. And the Indian chart for 24-carat gold shows a very secular uptrend over the years, primarily for this reason In 2019, World Gold Council estimated that Indian households hold about 25,000 tonnes of gold in various forms. …

Gold climbs ₹323; silver rises ₹639
2 years ago

Gold climbs ₹323; silver rises ₹639

The Hindu  

Gold prices rose by ₹323 to ₹53,039 per 10 grams in the national capital on Thursday amid gains in the precious metal in overseas markets, according to HDFC Securities. "Gold and silver prices rebounded from intraday lows after the dollar fell against its major crosses as the Fed meeting minutes suggest that the central bank was less hawkish as compared …

Gold prices today near one-month low. Why yellow metal is under pressure
2 years, 1 month ago

Gold prices today near one-month low. Why yellow metal is under pressure

Live Mint  

Gold prices in India today remained near one-month lows as global rates were set for a seventh straight monthly loss. The holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.28% to 922.59 tonnes on Friday, its lowest level since March 2020. The Fed has raised its benchmark overnight interest rate from near zero in March and …

Will Diwali bring shine in gold prices?
2 years, 2 months ago

Will Diwali bring shine in gold prices?

Live Mint  

Diwali — the festival of light — announces the arrival of time, when Indian households indulge in purchasing gold as it signifies eternity and purity. As per the data, gold has delivered average annual returns of around 10 per cent in the last 41 years period in rupee terms. Strong economic data from the US, especially the robust job growth …

Ahead of Dhanteras, gold prices are down ₹5,000 from this year’s highs
2 years, 2 months ago

Ahead of Dhanteras, gold prices are down ₹5,000 from this year’s highs

Live Mint  

Gold prices today remained in a narrow zone in Indian markets with futures on MCX trading in the zone between ₹50,065 and ₹50,386 per gram. Jateen Trivedi, VP Research Analyst at LKP Securities, said that gold remained in a range but on MCX prices saw some support as rupee depreciation helped the gold bounce off lows. “Gold prices can be …

Gold, silver prices today: Yellow metal records hike, silver rates dip on MCX | Check latest rates here
2 years, 10 months ago

Gold, silver prices today: Yellow metal records hike, silver rates dip on MCX | Check latest rates here

India Today  

On Tuesday, February 8, 2022, gold prices have recorded a hike and silver rates are retailing on the lower side of the Multi Commodity Exchange. Witnessing a marginal hike of Rs 52 or 0.11 per cent, gold futures maturing on April 5, 2022, are retailing at Rs 48,300 per 10 grams. Notably, the prices of gold and silver stood at …

Gold prices today: Rising trend firm, rates jump 0.08% to ₹47,730 per 10 gram
3 years, 5 months ago

Gold prices today: Rising trend firm, rates jump 0.08% to ₹47,730 per 10 gram

Hindustan Times  

India gold prices were trading firm on Wednesday, marking a positive trend where the international spot prices were near a three-week high. On the Multi Commodity Exchange, gold futures in India witnessed a jump of 0.08 per cent to ₹47,730 per 10 gram. In the latest close, gold was clocked at $1800.2 per Troy ounce – witnessing a rise of …

Gold prices in India jump ₹1,600 per 10 gram in just two days, silver surges
4 years, 1 month ago

Gold prices in India jump ₹1,600 per 10 gram in just two days, silver surges

Live Mint  

Gold prices were firm today in Indian markets today tracking a global rally this week. In the previous session, gold prices on MCX had surged ₹1,257 per 10 gram and silver ₹2,700 per kg, tracking a global rally this week. We may see choppy trade as market players assess outcome of US election hence one should wait for lower levels …

Gold prices jump sharply, silver surges ₹2,500 in a day
4 years, 2 months ago

Gold prices jump sharply, silver surges ₹2,500 in a day

Live Mint  

Gold and silver prices rose sharply in India after remaining range-bound for most part of the week. Gold futures on MCX rose ₹650 or 1.3% to ₹50,817 per 10 gram while silver futures surged 4% or ₹2,500 to ₹62,955 per kg on Friday. Additionally, a widening lead for Democratic presidential candidate Joe Biden has raised the prospect of further stimulus, …

Gold price today: Yellow metal rate rises to Rs 53,030 per 10 gram, silver at 59,000/kg
4 years, 2 months ago

Gold price today: Yellow metal rate rises to Rs 53,030 per 10 gram, silver at 59,000/kg

India Today  

Price of gold in the country has climbed marginally to Rs 53,030 per 10 gram from Rs 52,020 on Monday, according to the Good Returns website. On the Multi Commodity Exchange, October gold futures fell nearly half a per cent to Rs 49,659 per 10 gram while silver December futures were trending at Rs 59,027 per kg. On Friday, the …

Why are gold prices falling? Now, down ₹6,000 from record highs
4 years, 3 months ago

Why are gold prices falling? Now, down ₹6,000 from record highs

Live Mint  

Gold prices in India today fell below key psychological level of ₹50,000 per 10 gram, extending losses to the third day in a row amid a slump in global rates. Analysts attribute the recent fall in gold prices to a resurgent dollar and uncertainty over US stimulus package. "The primary reason for the fall in gold prices is the rally …

Discover Related