June 6, 2024 New Delhi, India Gold Prices Analysis Gold prices surged today, driven by a drop in the US dollar and Treasury yields. The gold futures contract for August 2024 on the Multi Commodity Exchange (MCX) opened higher at ₹72,879 per 10 gm and quickly hit an intraday high of ₹72,958. In the international…
May 22, 2024 New Delhi, India Gold Prices Edge Lower Amid Interest Rate Concerns Gold prices declined for the second consecutive day as expectations for elevated interest rates weighed on the market. The precious metal, sensitive to interest rate changes, saw a retreat in its value amid a global shift in monetary policy outlook. Market…
May 20, 2023 New Delhi, India Gold Prices Surge to Record High on US Rate Cut Expectations and Geopolitical Tensions Gold prices have soared to a new record high, reaching $2,450.49 per ounce, driven by speculation that the US Federal Reserve will cut interest rates and by renewed geopolitical tensions in the Middle East. US…
April 30, 2023 New Delhi, India Gold Prices Decline Amid Upbeat Market Mood Factors Behind the Dip and Insights into Recent Trends The price of gold has experienced a slight decline, dropping by nearly 1%, fueled by an overall improvement in market sentiment. Positive gains across Asia, robust US earnings, and encouraging European GDP data…
April 29, 2023 New Delhi, India Gold Prices Maintain Stability Amid Market Uncertainty Investors in the gold market are experiencing a period of stability as the precious metal maintains its value amidst a backdrop of mixed fundamental cues. Factors Influencing Gold Prices Despite persistent geopolitical tensions, including the Russia-Ukraine conflict and the Israel-Hamas conflict, gold…
April 18, 2023 New Delhi, India Gold Prices Analysis Gold prices saw a recovery in Asian trading despite lingering concerns over higher interest rates and pressure from a robust dollar. The recent surge in gold prices, triggered by geopolitical tensions between Iran and Israel, encountered a slight setback as fears of immediate conflict subsided. Factors…
February 9, 2023 New Delhi, India Gold Prices React to Mixed Signals Amid Global Uncertainty Market Indecision at the 50-Day Moving Average Gold prices are currently at a critical juncture, trading near the pivotal 50-day moving average of $2033.88. This level reflects the market’s uncertainty, with traders grappling between conflicting factors influencing gold’s trajectory. Geopolitical…
February 5, 2023 New Delhi, India In a recent turn of events, the gold market is experiencing a downturn, reaching a one-week low at around $2,025. The decline is attributed to a combination of factors, including the Federal Reserve’s (Fed) hawkish stance, the performance of the US dollar, and ongoing geopolitical concerns. Fed’s Impact on…
January 10, 2023 New Delhi, India Gold Prices As global markets navigate uncertainty, gold prices remain resilient, with investors closely monitoring key factors for market direction. Current Gold Prices: In the Indian market, MCX gold prices edged up by 0.05% to ₹62,209 per 10 grams, accompanied by a 0.08% rise in silver, trading at ₹72,105…
January 9, 2023 New Delhi, India Gold Prices XAU/USD Amidst a dynamic market landscape, gold prices are exhibiting resilience, recovering from a recent multi-week low and attracting buyers. This surge is fueled by a confluence of factors, including a weaker US Dollar, fluctuating inflation expectations, and uncertainty surrounding Federal Reserve (Fed) policy decisions. Factors Driving…
