Gold prices surged across major metro cities in India on December 30, 2024. The price of 24-carat gold rose by ₹160 to ₹75,920 per 10 grams in Mumbai, while 22-carat gold increased by ₹150 to ₹72,300. In Delhi, the 24-carat gold price climbed above the ₹76,100 mark, rising by ₹160 to reach ₹76,130 per 10 …
Gold prices witnessed significant volatility earlier in the day on December 23, 2024, as the markets reacted to a strengthening US dollar and rising bond yields. This fluctuation came on the back of recent macroeconomic data highlighting the robustness of the US economy. Despite these developments, a decline in US inflation helped ease concerns about …
Oil Prices See Uptick as US Hints at Stricter Sanctions Oil markets opened on a positive note Thursday, driven by rising geopolitical tensions and evolving market dynamics. West Texas Intermediate (WTI) traded above $70 per barrel, gaining momentum after a 2.5% rally on Wednesday, while Brent crude edged close to $73. US Treasury Secretary Janet …
Gold Prices Near Monthly Low as Dollar Strengthens and Inflation Looms Gold prices remained close to a one-month low on Tuesday, November 12, reflecting investor caution as they wait for crucial economic data from the United States. Spot gold slightly decreased by 0.1% to $2,617.15 per ounce, marking its lowest point since October 10. Meanwhile, …
Introduction: A New Dip in Gold Prices Gold, often seen as a safe haven during uncertain times, has been hit hard recently, breaking below the $2700 mark. This key level has been critical in both uptrends and downtrends, and its recent fall signals a shift in the gold market. But why did this sudden drop …
Introduction: Dhanteras and Gold’s Symbolic Importance Dhanteras, or Dhantrayodashi, marks an auspicious day for purchasing gold, symbolizing prosperity and wealth. While traditional purchases like coins and jewellery remain popular, there are diverse ways to invest in gold that provide convenience, security, and sometimes better returns. Gold Rate on Dhanteras Today: Understanding the Market Before investing, …
As the festive season of Dhanteras 2024 (Dhantrayodashi 2024) and Diwali 2024 approaches, both gold and silver prices are showing significant upward momentum. Silver has recently surpassed the Rs 1 lakh mark in the physical market, while in the global arena, Comex silver prices have surged past $34.50 per ounce, reaching their highest levels in …
Gold Shines Bright Amidst Market Volatility As the Indian equity benchmark indices started the week in the red, one asset class stood out: gold. Often considered a safe-haven investment, the yellow metal is trading near its all-time highs. With the festive season of Diwali around the corner, gold is shining brighter than ever. For the …
Indian investors hold a very invaluable and unique position as they ride the current bull market cycle for gold as an asset. The key financial instrument that investors are preferring is the Gold ETF. With Sovereign Gold Bonds somewhat out of the market, Gold ETFs are what investors are focusing on for their gold investments. …
It’s been over 16 years since the global financial crisis of 2008 turned the world of finance upside down. The collapse of Lehman Brothers and the ensuing panic led to a massive sell-off in stock markets worldwide, while gold prices surged as investors sought safe havens. In this article, we’ll dive into how investments in …
