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The Print
6 days ago
- Business
- The Print
Gold falls Rs 170 to Rs 1,01,370/10 g amid weak global cues
Gold of 99.5 per cent purity slipped by Rs 150 to Rs 1,00,550 per 10 grams (inclusive of all taxes). The metal had settled at Rs 1,00,700 per 10 grams in the previous session. The precious metal of 99.9 per cent purity had closed at Rs 1,01,540 per 10 grams on Friday. New Delhi, Jun 16 (PTI) Gold prices fell Rs 170 to Rs 1,01,370 per 10 grams in the national capital on Monday amid weak global trends, according to the All India Sarafa Association. Additionally, silver prices declined by Rs 1,000 to Rs 1,07,100 per kilogram (inclusive of all taxes) on Monday. The white metal had ended at Rs 1,08,100 per kg on Friday. In the futures trade, the most traded August contract for gold was trading lower at Rs 99,918 per 10 grams, down by Rs 358 on the Multi Commodity Exchange (MCX). 'Gold traded in a narrow range near Rs 99,800, as profit booking was witnessed following reports of multiple potential trade deals between India-US, India-China, and US-Euro zones. 'This moderation in safe-haven demand led to a mild correction in gold in the international markets as well,' Jateen Trivedi, VP Research Analyst – Commodity and Currency at LKP Securities, said. Meanwhile, the precious metal climbed Rs 802 to hit a lifetime high of Rs 1,01,078 per 10 grams in the morning session on the MCX. Globally, spot gold fell by USD 13.23 per ounce to trade at USD 3,419.41 per ounce. 'Gold prices corrected slightly but continue to hover near record highs as escalating tensions between Israel and Iran drive investors toward safe-haven assets,' Abans Financial Services' Chief Executive Officer Chintan Mehta said. Traders believe continued uncertainty in the Middle East will keep bullion prices well-supported, Mehta said. According to Kaynat Chainwala, AVP-Commodity Research, Kotak Securities, investors this week will look forward to a host of central bank monetary policy decisions, including US Federal Reserve's meeting on Wednesday. The central bank's economic projections will provide further guidance on the potential interest rate cuts in the months ahead, Chainwala said. PTI HG HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
The Print
02-06-2025
- Business
- The Print
Gold climbs Rs 330 to Rs 98,930/10 g amid strong global cues
Gold of 99.5 per cent purity appreciated by Rs 300 to Rs 98,400 per 10 grams (inclusive of all taxes). It had settled at Rs 98,100 per 10 grams in the previous market session. The yellow metal of 99.9 per cent purity had closed at Rs 98,600 per 10 grams on Friday. New Delhi, Jun 2 (PTI) Gold prices climbed Rs 330 to Rs 98,930 per 10 grams in the national capital on Monday following a firm trend in the global markets, according to the All India Sarafa Association. Additionally, silver prices rose by Rs 100 to Rs 1,00,100 per kg (inclusive of all taxes) on Monday. On the global front, spot gold jumped USD 59.21 per ounce or 1.80 per cent to USD 3,348.61 per ounce. 'Gold prices rise amid growing uncertainty after President Donald Trump announced plans to double tariffs on steel and aluminium imports from 25 per cent to 50 per cent, effective the day after tomorrow,' Abans Financial Services' Chief Executive Officer Chintan Mehta said. On the geopolitical front, escalating geopolitical tensions between Russia-Ukraine and conflicts in the Middle East also lifted the gold prices, Mehta added. HDFC Securities' Senior Analyst of Commodities Saumil Gandhi said investors will be monitoring the US May ISM Manufacturing Purchasing Managers & Index (PMI) report, which is scheduled to be released later in the day. According to commodities market experts, traders will also be awaiting the commentary by US Federal Reserve Chair Jerome Powell. The commentary by the Fed Chair Powell will play a key role in the future monetary policy outlook and will influence the price dynamics and determine the next leg of a directional move for the bullion prices, they said. PTI HG HG BAL BAL This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
02-06-2025
- Business
- Time of India
Gold climbs Rs 330 to Rs 98,930/10 g amid strong global cues
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Gold prices climbed Rs 330 to Rs 98,930 per 10 grams in the national capital on Monday following a firm trend in the global markets, according to the All India Sarafa yellow metal of 99.9 per cent purity had closed at Rs 98,600 per 10 grams on of 99.5 per cent purity appreciated by Rs 300 to Rs 98,400 per 10 grams (inclusive of all taxes). It had settled at Rs 98,100 per 10 grams in the previous market silver prices rose by Rs 100 to Rs 1,00,100 per kg (inclusive of all taxes) on the global front, spot gold jumped USD 59.21 per ounce or 1.80 per cent to USD 3,348.61 per ounce."Gold prices rise amid growing uncertainty after President Donald Trump announced plans to double tariffs on steel and aluminium imports from 25 per cent to 50 per cent, effective the day after tomorrow," Abans Financial Services ' Chief Executive Officer Chintan Mehta the geopolitical front, escalating geopolitical tensions between Russia-Ukraine and conflicts in the Middle East also lifted the gold prices, Mehta Securities' Senior Analyst of Commodities Saumil Gandhi said investors will be monitoring the US May ISM Manufacturing Purchasing Managers & Index (PMI) report, which is scheduled to be released later in the to commodities market experts, traders will also be awaiting the commentary by US Federal Reserve Chair Jerome commentary by the Fed Chair Powell will play a key role in the future monetary policy outlook and will influence the price dynamics and determine the next leg of a directional move for the bullion prices, they said. PTI
Economic Times
02-06-2025
- Business
- Economic Times
Gold climbs Rs 330 to Rs 98,930/10 g amid strong global cues
Gold prices climbed Rs 330 to Rs 98,930 per 10 grams in the national capital on Monday following a firm trend in the global markets, according to the All India Sarafa Association. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Gold prices climbed Rs 330 to Rs 98,930 per 10 grams in the national capital on Monday following a firm trend in the global markets, according to the All India Sarafa yellow metal of 99.9 per cent purity had closed at Rs 98,600 per 10 grams on of 99.5 per cent purity appreciated by Rs 300 to Rs 98,400 per 10 grams (inclusive of all taxes). It had settled at Rs 98,100 per 10 grams in the previous market silver prices rose by Rs 100 to Rs 1,00,100 per kg (inclusive of all taxes) on the global front, spot gold jumped USD 59.21 per ounce or 1.80 per cent to USD 3,348.61 per ounce."Gold prices rise amid growing uncertainty after President Donald Trump announced plans to double tariffs on steel and aluminium imports from 25 per cent to 50 per cent, effective the day after tomorrow," Abans Financial Services ' Chief Executive Officer Chintan Mehta the geopolitical front, escalating geopolitical tensions between Russia-Ukraine and conflicts in the Middle East also lifted the gold prices, Mehta Securities' Senior Analyst of Commodities Saumil Gandhi said investors will be monitoring the US May ISM Manufacturing Purchasing Managers & Index (PMI) report, which is scheduled to be released later in the to commodities market experts, traders will also be awaiting the commentary by US Federal Reserve Chair Jerome commentary by the Fed Chair Powell will play a key role in the future monetary policy outlook and will influence the price dynamics and determine the next leg of a directional move for the bullion prices, they said. PTI
The Print
29-05-2025
- Business
- The Print
Gold declines Rs 500 to Rs 98,500/10 g; silver trades flat
'Gold prices continued to correct as easing tariff risks, and a more cautious Federal Reserve dampened safe-haven demand,' Abans Financial Services' Chief Executive Officer Chintan Mehta said. The yellow metal of 99.5 per cent purity fell Rs 500 to Rs 98,000 per 10 grams (inclusive of all taxes). New Delhi, May 29 (PTI) Gold prices declined by Rs 500 to Rs 98,500 per 10 grams in the national capital on Thursday amid weak global cues, according to the All India Sarafa Association. Mehta further said that the US Federal Reserve's May meeting minutes revealed that policymakers are adopting a wait-and-see approach on the timing of interest rate cuts, as they assess the economic impact of recent policy moves, including the now-blocked reciprocal tariffs by the US Court of International Trade. However, silver prices traded flat in the local markets at Rs 1,00,000 per kg (inclusive of all taxes) on Thursday. Additionally, the ongoing conflict between Israel and Hamas in the Middle East continues to fuel instability and global uncertainty, bolstering safe-haven demand for gold and providing some upward support to prices despite other headwinds, he said. Spot gold in the international markets fell by USD 17.94 per ounce or 0.54 per cent to USD 3,304.46 per ounce. Kotak Securities' AVP-Commodity Research Kaynat Chainwala said, 'Investors are now keenly awaiting US macroeconomic data later in the day, such as preliminary GDP, weekly jobless claims, and pending home sales, for further economic cues'. PTI HG HG SHW SHW This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
