The dollar’s resurgence and profit booking have caused a little slowdown in gold prices. Current Gold Rate: Gold’s price dropped for the second day in a row on Saturday, ahead of two important holidays: Dhanteras and Diwali. The price of 24 carat gold dropped to Rs 1,18,670 per 10 kilos in Delhi. The price of … Read more
High gold prices and loosened RBI restrictions caused the gold loan market to soar 122% to Rs 2.94 lakh crore, with leading banks providing interest rates as low as 8.35% annually. Due to rising gold prices and slack Reserve Bank of India (RBI) rules, the gold loan sector has expanded, with outstanding loans rising 122% … Read more
With the government operations stoppage threatening to cause a blackout in important economic data that the Fed uses to make rate decisions, the price of gold was trading close to $3,860 an ounce, some $35 below a high reached on Wednesday. Gold holds near peaks As the US government shutdown got underway and traders increased … Read more
Gold soared to yet another record on Tuesday, supported by heightened prospects of future US rate cuts, with investors expecting Federal Reserve Chair Jerome Powell’s speech later in the day for fresh policy indications. After rising by over 1% to a new all-time high of $3,790.64 per ounce, spot gold fell down below $3,770. In … Read more
As investors concentrated on Chair Jerome Powell’s speech later in the day, gold prices surged to a new record high on Tuesday, helped by safe haven flows amid global uncertainty and prospects of more Federal Reserve rate cuts. As of 10:18 a.m. ET (1011 GMT), spot gold had risen 0.7% to $3,771.94 an ounce, after … Read more
Tensions in the Middle East and Eastern Europe have increased the risk premium on the geopolitical front, which has bolstered demand for safe havens. Gold Prices Set to Rise Analysts predict that gold prices will continue to rise over the next week due to a mix of central bank purchases, global monetary easing, seasonal demand … Read more
Awaiting the US Federal Reserve‘s policy meeting, investors can anticipate gold prices to stabilize. Central bank demand and geopolitical concerns are keeping bullion strong, as gold continues to rise above inflation-adjusted high. Due to industrial usage and ETF inflows, silver paralleled gold‘s increases, and economists predict that precious metals will continue to rise. Gold Prices … Read more
By 1049 GMT, spot gold had increased 0.7% to $3,469.84 an ounce, its best level since April 22, when it hit a record high of $3,500.05. A stronger dollar and forecasts on a U.S. Federal Reserve rate decrease helped gold to a more than four-month high on Monday, trading around $30 below all-time highs, while … Read more
On August 24, Sardar Vallabhbhai Patel International Airport was the site of two distinct operations carried out by the Ahmedabad Customs Air Intelligence Unit (AIU). Gold, Cigarettes Seized Onboard seizing almost two kilos of gold worth over ₹1.93 crore and illegal cigarettes worth over ₹8 lakh. During a routine check of Indigo flight 6E-1478, which … Read more
The Geological Survey of India (GSI) has discovered 10–20 tonnes of gold deposits in six districts of Odisha. Deogarh, Sundargarh, Nawarangpur, Kendujhar, Angul, and Koraput are the districts under question. The government is getting ready to put these mines up for auction. Mining Minister Bibhuti Bhushan Jena claims that Mayurbhanj, Malkangiri, Sambalpur, and Boudh are … Read more