Latest news with #RahulKalantri
Time of India
3 hours ago
- Business
- Time of India
Gold-silver rate today: Gold drops below Rs 1 lakh to Rs 99,960 per 10g; silver plunges Rs 2,000/kg as global investors cut bullion bets
Gold-silver rate today: Gold prices slipped below the Rs 1 lakh-mark, falling Rs 600 to Rs 99,960 per 10 grams in the national capital on Friday due to selling by jewellers and stockists in line with weak global cues, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had settled at Rs 1,00,560 per 10 grams in the previous market session. Gold of 99.5 per cent purity dipped Rs 550 to Rs 99,250 per 10 grams (inclusive of all taxes), compared to Rs 99,800 per 10 grams on Thursday. Silver prices also diminished by Rs 2,000 to Rs 1,05,200 per kilogram (inclusive of all taxes) on Friday. It had ended at Rs 1,07,200 per kg on Thursday. "Silver slid from recent highs, nearing one-week lows and heading for their first weekly decline in three weeks. It fell below $35.70 per ounce after a sharp rally earlier in the week," said Rahul Kalantri, Vice-President, Commodities at Mehta Equities. The decline came as investors liquidated positions in bullion to cover losses elsewhere amid rising geopolitical tensions between Israel and Iran. The Bank of England, in its monetary policy meeting on Thursday, also held rates steady, which limited the gains of precious metals. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Što je to umjetna inteligencija o kojoj svi pričaju? Courses AI Undo Kalantri added that intensifying conflict between Israel and Iran and weakness in the rupee are also supporting prices of gold and silver in domestic markets. On the global market, spot gold was trading at $3,353.67, lower by $16.72 per ounce, or 0.5 per cent. Spot silver fell 0.77 per cent to $36.10 per ounce in overseas markets. 'Traders will watch developments on US trade tariffs and Middle East military engagement will drive volatility. Any signs of de-escalation or non-involvement from the US in the Iran-Israel conflict could keep gold under pressure. On the other side, renewed tensions will continue to support prices,' said Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
11 hours ago
- Business
- Mint
Brent down 2% on uncertainty over US participation in Israel-Iran conflict
New Delhi: Oil prices eased on Friday morning as traders awaited the decision of the US over its participation in the Israel-Iran conflict. The Brent August contract on the Intercontinental Exchange traded at $77.20 per barrel at 10.08 am, over 2% lower than its previous close. The White House said on Thursday that President Donald Trump will decide whether or not the US gets directly involved in the Iran-Israel conflict within the next two weeks. 'Crude oil remains highly volatile, with prices reacting sharply to developments and statements related to the Israel-Iran conflict,' said Rahul Kalantri, vice president for commodities at Mehta Equities. 'Yesterday, we saw a sharp jump in crude oil prices… but this morning we are seeing a dip in prices after the White House stated that President Trump will decide on Iran in two weeks, calming immediate fears of escalation.' Still, oil is set for a third consecutive weekly gain, Kalantri added. "The markets remain jittery as risks of supply disruptions from Iran and broader conflict escalation loom large. Geopolitical tensions and supply fears continue to support oil prices despite temporary pullbacks," he said. Sriram Iyer, senior research analyst at Reliance Securities, noted that escalating hostilities in West Asia continued to fuel fears of regional supply disruptions and could cap any downside. The India crude basket, which represents the price at which Indian refiners import oil, stood at $75.91 per barrel on Wednesday. The average price in June stands at $68.58 a barrel, compared with $64.04 in May.
News18
11 hours ago
- Business
- News18
Gold Prices Fall For 4th Day To Near One-Week Low: Check 22kt, 24kt Rates In Your City On June 20
Gold Rates In India Today, June 20, 2025: In Mumbai, the price of gold stood at Rs 92,100 per 10 grams for 22-carat and Rs 1,00,480 per 10 grams for 24-carat. Gold Prices In India Today, June 20: Gold prices on Friday continued to decline for the fourth day in a row as investors liquidated positions in bullion to cover losses elsewhere amid rising geopolitical tensions between Israel and Iran. The yellow metal prices are at a near one-week low and heading for their first weekly decline in three weeks. In Mumbai, the price of gold stood at Rs 92,100 per 10 grams for 22-carat and Rs 1,00,480 per 10 grams for 24-carat. Silver was also trading down at Rs 1,12,100 per kg in the city. These spot prices do not include making charges and 3% GST. In the futures market, on the MCX, gold was trading lower by 0.50% at Rs 98,837 per 10 grams, whereas silver was down by 1.41% to trade at 1,05,875 per kg. Rahul Kalantri, vice-president (commodities) of Mehta Equities, said, 'Gold and silver prices slid from recent highs, nearing one-week lows and heading for their first weekly decline in three weeks. Silver prices fell below $35.70 per ounce after a sharp rally earlier in the week. The decline came as investors liquidated positions in bullion to cover losses elsewhere amid rising geopolitical tensions between Israel and Iran." The Bank of England also held rates steady in its monetary policy meetings on Thursday which also limited gains of precious metals. However, escalation of the Israel-Iran war and weaker dollar index are supporting safe-haven buying for precious metals. Weakness in the rupee is also supporting prices of gold and silver in the domestic markets, he added.
News18
a day ago
- Business
- News18
Gold Prices In India Fall For 3rd Day: Check 22kt, 24kt Rates In Your City On June 19, 2025
Gold Rates In India Today: In Mumbai, the price of gold stood at Rs 92,650 per 10 grams for 22-carat and Rs 1,01,080 per 10 grams for 24-carat. Gold Prices In India Today, June 19: Gold prices on Thursday extended their loss for the third day as the US Federal Reserve adopted a hawkish tone keeping interest rates steady at 4.25-4.50%. In Mumbai, the price of gold stood at Rs 92,650 per 10 grams for 22-carat and Rs 1,01,080 per 10 grams for 24-carat. Silver, on the other hand, was also trading higher at Rs 1,08,244 per kg in the city. These spot prices do not include making charges and 3% GST. In the futures market, on the MCX, gold was trading lower by 0.31% at Rs 99,231 per 10 grams, whereas silver was down by 0.30% to trade at 1,08,244 per kg. Rahul Kalantri, vice-president (commodities) of Mehta Equities, said, 'Gold and silver were highly volatile and ended weak as the U.S. Federal Reserve adopted a hawkish tone, keeping interest rates steady at 4.25–4.50%. The Fed struck a hawkish tone, reducing expectations for aggressive rate cuts through 2027 amid concerns over sticky inflation, sluggish growth, and labour market strain driven by global trade disruptions. This stance capped gains in precious metals. However, ongoing tensions between Israel and Iran, along with strong central bank demand, continue to lend support." What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities? Gold and silver prices rallied sharply amid escalating Israel-Iran tensions, boosting safe-haven demand. The ongoing Iran-Israel conflict is expected to push gold prices higher in India as investors flock to safe-haven assets amid rising geopolitical tensions. Global uncertainty often boosts demand for gold, which is considered a store of value during crises. With oil prices also likely to rise due to instability in the Middle East, inflationary concerns may further support a bullish trend in gold. Additionally, a weakening rupee against the US dollar could make imported gold costlier, driving domestic prices even higher in the short term. What Factors Affect Gold Prices In India? International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country. In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals. With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends. First Published: June 19, 2025, 09:53 IST
The Print
2 days ago
- Business
- The Print
Silver rallies to hit fresh peak, gold gains Rs 540 as Israel-Iran conflict intensifies
On Friday, silver had revisited its previous all-time high of Rs 1,08,100 per kg. According to the All India Sarafa Association, the white metal had closed at Rs 1,07,200 per kg in the preceding session on Tuesday. New Delhi, Jun 18 (PTI) Silver prices rallied Rs 1,000 to hit a record high of Rs 1,08,200 per kilogram while gold gained Rs 540 to stay above Rs 1 lakh per 10 grams in the national capital on Wednesday as the Israel-Iran conflict intensified on its sixth day, driving investors to safe-haven assets. 'Silver prices extended gains and crossed USD 37 per ounce level in the international markets for the first time since February 2012. Weakness in the rupee is supporting bullion prices in the domestic markets,' Rahul Kalantri, Vice-President – Commodities, Mehta Equities, said. As per the Sarafa Association, the precious metal of 99.9 per cent purity climbed by Rs 540 to Rs 1,00,710 per 10 grams (inclusive of all taxes) on Wednesday. Gold of 99.5 per cent purity appreciated by Rs 500 to Rs 99,950 per 10 grams (inclusive of all taxes). On the Multi Commodity Exchange, the most traded August contract for gold futures was trading at Rs 99,411 per 10 grams, lower by Rs 130 per 10 grams. Additionally, silver futures for July contract jumped by Rs 753 to hit a lifetime high of Rs 1,09,748 per kg. Spot gold fell 0.23 per cent to USD 3,380.97 in the global markets. According to Kotak Securities, gold prices are holding below USD 3,400 per ounce, as dollar strengthened with traders focussing on escalating Middle East tensions. The brokerage firm said US President Donald Trump's call for Iran's unconditional surrender and discussions of potential strikes against Iranian leader Ayatollah Ali Khamenei have 'heightened fears of direct US involvement in the conflict', fuelling safe-haven demand among investors. In the international markets, spot silver rose 0.15 per cent to USD 37.18 per ounce. 'Market participants stay cautiously bullish in near term awaiting more cues from US FOMC (Federal Open Market Committee) meeting with interest rate decision due later tonight,' Maneesh Sharma, AVP – Commodities & Currencies at Anand Rathi Shares and Stock Brokers, said. PTI HG HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
