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The Print
12-06-2025
- Business
- The Print
Gold jumps Rs 820 to Rs 98,490/10 g; silver remains flat
However, silver prices traded flat at Rs 1,07,100 per kilogram (inclusive of all taxes) on Wednesday. The precious metal of 99.5 per cent purity appreciated by Rs 750 to Rs 98,000 per 10 grams (inclusive of all taxes). New Delhi, Jun 11 (PTI) Gold prices jumped Rs 820 to Rs 98,490 per 10 grams in the national capital on Wednesday due to fresh buying by retailers and stockists in line with firm global trends, according to the All India Sarafa Association. Meanwhile, spot gold in the international markets rose by USD 12.09 per ounce or 0.36 per cent to USD 3,334.69 per ounce. 'Gold edged higher…supported by safe-haven demand as traders expressed concerns about tariff-related uncertainty. 'This renewed uncertainty followed a federal appeals court ruling that allowed US President Donald Trump to continue imposing global tariffs,' HDFC Securities' Senior Analyst – Commodities Saumil Gandhi said. Gandhi also highlighted that these concerns overshadowed some of the optimism stemming from the positive trade talks between the US and China. During their two-day discussions in London, both parties agreed on a plan to ease trade tensions. According to commodities market experts, geopolitical tensions stemming from the Russia-Ukraine war and intensifying conflict in the Middle East are driving the demand for gold as a safe-haven asset. However, spot silver fell 0.5 per cent to trade at USD 36.34 per ounce in the global markets. Kotak Securities' AVP-Commodity Research Kaynat Chainwala said the focus of market participants will shift to the upcoming US Consumer Price Index data, which will be released later in the day, giving more insights into the monetary policy outlook. PTI HG SHW This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Economic Times
11-06-2025
- Business
- Economic Times
Gold jumps Rs 820 to Rs 98,490/10 g; silver remains flat
Gold prices jumped Rs 820 to Rs 98,490 per 10 grams in the national capital on Wednesday due to fresh buying by retailers and stockists in line with firm global trends, according to the All India Sarafa Association. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Gold prices jumped Rs 820 to Rs 98,490 per 10 grams in the national capital on Wednesday due to fresh buying by retailers and stockists in line with firm global trends, according to the All India Sarafa precious metal of 99.5 per cent purity appreciated by Rs 750 to Rs 98,000 per 10 grams (inclusive of all taxes).However, silver prices traded flat at Rs 1,07,100 per kilogram (inclusive of all taxes) on spot gold in the international markets rose by USD 12.09 per ounce or 0.36 per cent to USD 3,334.69 per ounce."Gold edged by safe-haven demand as traders expressed concerns about tariff-related uncertainty."This renewed uncertainty followed a federal appeals court ruling that allowed US President Donald Trump to continue imposing global tariffs," HDFC Securities' Senior Analyst - Commodities Saumil Gandhi also highlighted that these concerns overshadowed some of the optimism stemming from the positive trade talks between the US and their two-day discussions in London, both parties agreed on a plan to ease trade to commodities market experts, geopolitical tensions stemming from the Russia-Ukraine war and intensifying conflict in the Middle East are driving the demand for gold as a safe-haven spot silver fell 0.5 per cent to trade at USD 36.34 per ounce in the global Securities' AVP-Commodity Research Kaynat Chainwala said the focus of market participants will shift to the upcoming US Consumer Price Index data, which will be released later in the day, giving more insights into the monetary policy outlook.
Time of India
11-06-2025
- Business
- Time of India
Gold jumps Rs 820 to Rs 98,490/10 g; silver remains flat
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Gold prices jumped Rs 820 to Rs 98,490 per 10 grams in the national capital on Wednesday due to fresh buying by retailers and stockists in line with firm global trends, according to the All India Sarafa precious metal of 99.5 per cent purity appreciated by Rs 750 to Rs 98,000 per 10 grams (inclusive of all taxes).However, silver prices traded flat at Rs 1,07,100 per kilogram (inclusive of all taxes) on spot gold in the international markets rose by USD 12.09 per ounce or 0.36 per cent to USD 3,334.69 per ounce."Gold edged by safe-haven demand as traders expressed concerns about tariff-related uncertainty."This renewed uncertainty followed a federal appeals court ruling that allowed US President Donald Trump to continue imposing global tariffs," HDFC Securities' Senior Analyst - Commodities Saumil Gandhi also highlighted that these concerns overshadowed some of the optimism stemming from the positive trade talks between the US and their two-day discussions in London, both parties agreed on a plan to ease trade to commodities market experts, geopolitical tensions stemming from the Russia-Ukraine war and intensifying conflict in the Middle East are driving the demand for gold as a safe-haven spot silver fell 0.5 per cent to trade at USD 36.34 per ounce in the global Securities' AVP-Commodity Research Kaynat Chainwala said the focus of market participants will shift to the upcoming US Consumer Price Index data, which will be released later in the day, giving more insights into the monetary policy outlook.
The Print
06-06-2025
- Business
- The Print
Silver price hit record of Rs 1.04 lakh/kg; gold climbs Rs 430/10 gm
HDFC Securities' Senior Analyst of Commodities Saumil Gandhi said the 'price of silver reached a new all-time high in the domestic market. The rally is supported by strong fundamentals, higher industrial demand, inflation hedging, and tight global supply'. Continuing the winning run for the fourth straight session, the white metal bounced Rs 2,000 to hit a fresh peak of Rs 1,04,100 per kilogram (inclusive of all taxes) in the local markets. New Delhi, Jun 5 (PTI) Silver prices hit a lifetime high of Rs 1,04,100 per kilogram in the national capital on Thursday, and gold prices jumped Rs 430 in line with strong global cues, according to the All India Sarafa Association. On March 19, silver hit its previous all-time high of Rs 1,03,500 per kg. Gold of 99.9 per cent purity appreciated Rs 430 to Rs 99,690 per 10 grams (inclusive of all taxes). The precious metal of 99.5 per cent purity increased Rs 400 to Rs 99,100 per 10 grams (inclusive of all taxes) on Thursday. The most traded July contract for silver futures rallied by Rs 3,833, or 3.78 per cent, to hit an all-time high of Rs 1,05,213 per kg on the Multi Commodity Exchange. Additionally, gold futures for August contracts climbed Rs 635 to Rs 99,214 per 10 grams. 'Gold prices traded higher, supported by a weaker dollar and renewed safe-haven demand amid lingering tariff uncertainty and US debt concerns. Globally, gold scaled above USD 3,395 per ounce, while MCX gold gained to trade above Rs 98,450,' Jateen Trivedi, VP Research Analyst, Commodity and Currency at LKP Securities, said. The broader sentiment in the bullion space remains positive, driven by geopolitical tensions and ongoing imbalance in global trade and financial dynamics, Trivedi added. Meanwhile, spot gold in the international markets rose USD 21.58 per ounce, or 0.64 per cent, to USD 3,393.93 per ounce. Also, spot silver went up nearly 4 per cent to trade at USD 35.80 per ounce in the overseas markets. 'Spot silver has surpassed the previous resistance level of USD 35 per ounce and is trading above that mark, reaching a 12-year high,' Gandhi said. According to Abans Financial Services' Chief Executive Officer Chintan Mehta, investors are focused on Friday's US non-farm payroll report for further clues on the Federal Reserve's monetary policy direction. In addition, any new geopolitical developments could add another layer of uncertainty, once again driving investors toward the safe haven of gold, Mehta said. PTI HG TRB This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Hans India
06-06-2025
- Business
- Hans India
Silver climbs Rs 2,000 to lifetime high; Gold up Rs 430
New Delhi: Silver prices hit a lifetime high of Rs1,04,100 per kilogram in the national capital on Thursday, and gold prices jumped Rs430 in line with strong global cues, according to the All India Sarafa Association. Continuing the winning run for the fourth straight session, the white metal bounced Rs2,000 to hit a fresh peak of Rs1,04,100 per kilogram (inclusive of all taxes) in the local markets. HDFC Securities' Senior Analyst of Commodities Saumil Gandhi said the 'price of silver reached a new all-time high in the domestic market. The rally is supported by strong fundamentals, higher industrial demand, inflation hedging, and tight global supply'. On March 19, silver hit its previous all-time high of Rs1,03,500 per kg. Gold of 99.9 per cent purity appreciated Rs430 to Rs99,690 per 10 grams (inclusive of all taxes). The precious metal of 99.5 per cent purity increased Rs400 to Rs99,100 per 10 grams (inclusive of all taxes) on Thursday. The most traded July contract for silver futures rallied by Rs3,833, or 3.78 per cent, to hit an all-time high of Rs1,05,213 per kg on the Multi Commodity Exchange. Additionally, gold futures for August contracts climbed Rs635 to Rs99,214 per 10 grams. Meanwhile, spot gold in the international markets rose $21.58 per ounce, or 0.64 per cent, to $3,393.93 per ounce. 'Gold prices traded higher, supported by a weaker dollar and renewed safe-haven demand amid lingering tariff uncertainty and US debt concerns. Globally, gold scaled above $3,395 per ounce, while MCX gold gained to trade above Rs98,450,' Jateen Trivedi, VP Research Analyst, Commodity and Currency at LKP Securities, said. The broader sentiment in the bullion space remains positive, driven by geopolitical tensions and ongoing imbalance in global trade and financial dynamics, Trivedi added. Also, spot silver went up nearly 4 per cent to trade at $35.80 per ounce in the overseas markets. 'Spot silver has surpassed the previous resistance level of $35 per ounce and is trading above that mark, reaching a 12-year high,' Gandhi said. According to Abans Financial Services' Chief Executive Officer Chintan Mehta, investors are focused on Friday's US non-farm payroll report for further clues on the Federal Reserve's monetary policy direction. In addition, any new geopolitical developments could add another layer of uncertainty, once again driving investors toward the safe haven of gold, Mehta said
