Latest news with #SugandhaSachdeva
Mint
16-06-2025
- Business
- Mint
Gold prices today in your city: Check prices in Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi and Kolkata on June 16
Gold, silver prices in your city, June 16: With the Isarel-Iran conflict on the brink of full-blown war as both countries trade attacks after Israel took aim at Iran's nuclear facilities and the latter responded with drone attacks, has pushed up gold prices due to fears of a full-blown war in the region. Experts are firm that gold and silver are safe haven bets that investors can make to safeguard their portfolios in these volatile markets. According to Sugandha Sachdeva, Founder of SS WealthStreet, the geopolitical tensions have 'significantly increased global risk aversion, reinforcing gold's appeal as a safe-haven asset'. As for gold, prices have risen 31 per cent year-to-date (YTD) with consistent record highs solidifying its position among 2025's top-performing asset classes and a reliable hedge. Over the past 20 years, gold prices have skyrocketed by an impressive 1,200 per cent from ₹ 7,638 in 2005 to over ₹ 1,00,000 in 2025 (till June), and delivered positive returns in 16 of these years. Further, silver has also proved resilient. Prices have held above the ₹ 1 lakh/kg mark for the past three week. Over the past 20 years (2005-2025), the metal has gained a solid 668.84 per cent. Prices opened higher today at 6.20 am on June 16. The MCX gold index was at ₹ 1,00,314/10 gm, the official website showed. Meanwhile, MCX silver prices were at ₹ 1,06,474/kg, it showed. Further, 24-carat gold was priced at ₹ 1,00,470/10 gm, according to data on the Indian Bullion Association (IBA) at 6.20 am on June 16. Further, 22-carat gold was priced at ₹ 92,098/10 gms. Silver prices today are at ₹ 1,06,920/kg (Silver 999 Fine), as per the IBA website. So, check here gold prices and silver rates in your city today on June 16 — Delhi, Kolkata, Mumbai, Hyderabad, Bengaluru, and Chennai. Notably, for retail customers, jewellers may add making charges, taxes and GST to the bill, which could hike the final price for you. • Gold bullion rates in Kolkata — ₹ 1,00,160/10 gm. • MCX Gold rate in Kolkata — ₹ 1,00,314/10 gm. • Silver bullion rate in Kolkata — ₹ 1,06,580/kg. • MCX Silver 999 rate in Kolkata — ₹ 1,06,474/kg. • Gold bullion rates in Mumbai — ₹ 1,00,290/10 gm. • MCX Gold rate in Mumbai — ₹ 1,00,314/10 gm. • Silver bullion rate in Mumbai — ₹ 1,06,720/kg. • MCX Silver 999 rate in Mumbai — ₹ 1,06,474/kg. • Gold bullion rates in Hyderabad — ₹ 1,00,450/10 gm. • MCX Gold rate in Hyderabad — ₹ 1,00,314/10 gm. • Silver bullion rate in Hyderabad — ₹ 1,06,890/kg. • MCX Silver 999 rate in Hyderabad — ₹ 1,06,474/kg. • Gold bullion rates in New Delhi — ₹ 1,00,120/10 gm. • MCX Gold rate in New Delhi — ₹ 1,00,314/10 gm. • Silver bullion rate in New Delhi — ₹ 1,06,540/kg. • MCX Silver 999 rate in New Delhi — ₹ 1,06,474/kg. • Gold bullion rates in Chennai — ₹ 1,00,580/10 gm. • MCX Gold rate in Chennai — ₹ 1,00,314/10 gm. • Silver bullion rate in Chennai — ₹ 1,07,030/kg. • MCX Silver 999 rate in Chennai — ₹ 1,06,474/kg. • Gold bullion rates in Bengaluru — ₹ 1,00,370/10 gm. • MCX Gold rate in Bengaluru — ₹ 1,00,314/10 gm. • Silver bullion rate in Bengaluru — ₹ 1,06,810/kg. • MCX Silver 999 rate in Bengaluru — ₹ 1,06,474/kg. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
15-06-2025
- Business
- Mint
Gold prices today in your city: Check prices in Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi and Kolkata on June 15
Gold, silver prices in your city, June 15: Escalating tensions in the Middle-East after Israel attacked Iran's nuclear facilities and the latter responded with drone attacks, has pushed up gold prices due to fears of a full-blown war in the region. Further, the yellow metal has rallied due to a weak United States Dollar (USD), disappointing economic indicators, expectations of interest rate cuts by the US Federal Reserve bank, and a collective risk-off sentiment across financial markets. Experts are firm that gold and silver are safe haven bets that investors can make to safeguard their portfolios in these volatile markets. According to Sugandha Sachdeva, Founder of SS WealthStreet, the geopolitical tensions have 'significantly increased global risk aversion, reinforcing gold's appeal as a safe-haven asset'. As for gold, prices have risen 31 per cent year-to-date (YTD) with consistent record highs solidifying its position among 2025's top-performing asset classes and a reliable hedge. Over the past 20 years, gold prices have skyrocketed by an impressive 1,200 per cent from ₹ 7,638 in 2005 to over ₹ 1,00,000 in 2025 (till June), and delivered positive returns in 16 of these years. Further, silver has also proved resilient. Prices have held above the ₹ 1 lakh/kg mark for the past three week. Over the past 20 years (2005-2025), the metal has gained a solid 668.84 per cent. Prices opened higher today at 7.40 am on June 15. The MCX gold index was at ₹ 1,00,314/10 gm, the official website showed. Meanwhile, MCX silver prices were at ₹ 1,06,474/kg, it showed. Further, 24-carat gold was priced at ₹ 1,00,470/10 gm, according to data on the Indian Bullion Association (IBA) at 7.40 am on June 15. Further, 22-carat gold was priced at ₹ 92,098/10 gms. Silver prices today are at ₹ 1,06,920/kg (Silver 999 Fine), as per the IBA website. So, check here gold prices and silver rates in your city today on June 15 — Delhi, Kolkata, Mumbai, Hyderabad, Bengaluru, and Chennai. Notably, for retail customers, jewellers may add making charges, taxes and GST to the bill, which could hike the final price for you. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions. Key Takeaways Gold prices have risen 31% year-to-date, indicating a strong market performance. Geopolitical tensions and a weak US dollar are primary factors influencing gold price increases. Investors view gold and silver as reliable hedges against market volatility.
Mint
14-06-2025
- Business
- Mint
Gold price outlook: Experts see MCX gold rate at ₹1.05 lakh if Israel-Iran war further escalates
Gold prices on the Multi Commodity Exchange (MCX) surged past the ₹ 1 lakh-mark on Friday, driven by robust safe-haven demand following a sharp escalation in geopolitical tensions between Israel and Iran. Renewed conflict in the Middle East, expectations of interest rate cuts, and a risk-off sentiment across financial markets collectively contributed to the rally in the yellow metal. MCX gold rate settled 0.04% higher at ₹ 1,00,314 per 10 grams after touching an intraday high of ₹ 1,00,681. Meanwhile, MCX silver prices declined marginally by 0.02% to ₹ 1,06,474 per kg, after hitting a high of ₹ 1,06,940 during the session. In the international market, spot gold price surged 1.3% to $3,428.10 an ounce, inching closer to its all-time high of $3,500.05 set in April. For the week, prices gained approximately 4%. US gold futures also advanced 1.5% to settle at $3,452.80. 'The latest upswing has been fueled by renewed conflict in the Middle East, particularly the Israeli strikes on Iranian nuclear infrastructure, which have significantly increased global risk aversion, reinforcing gold's appeal as a safe-haven asset,' said Sugandha Sachdeva, Founder of SS WealthStreet. She further noted that the US Dollar Index, which peaked at 110.18 in January, has since dropped to a three-year low, weighed down by disappointing economic indicators and policy uncertainty amid renewed tariff measures. 'The sharp decline in the dollar index has been a key catalyst driving gold higher. Additionally, easing inflation—with the US CPI cooling to 2.4% in May, below expectations—has raised prospects of a rate cut by the Federal Reserve, potentially as early as its June 18 meeting,' Sachdeva added. Markets are now increasingly pricing in a cumulative 50 basis points rate cut in 2025, lending further support to bullion prices. Gold has delivered stellar returns so far this year, rising 31% year-to-date (YTD) and consistently posting record highs. The metal has reaffirmed its position as one of 2025's top-performing asset classes and a reliable hedge against macroeconomic and geopolitical uncertainty. From ₹ 7,638 in 2005 to over ₹ 1,00,000 in June 2025, MCX gold prices have soared by an impressive 1,200.84%. In comparison, silver has gained 668.84% over the same period. Notably, gold prices have rallied by ₹ 10,000 in just the past 74 days. The asset has delivered positive returns in 16 of the last 20 years, highlighting its resilience and investor appeal. 'This sustained rally is being driven by a confluence of global macroeconomic and geopolitical factors. These include heightened economic uncertainty, anticipated rate cuts by the US Fed, aggressive central bank gold purchases, and rising geopolitical tensions,' Sachdeva observed. With supportive macroeconomic drivers and strong momentum, the outlook for gold remains bullish in the near term. According to Sachdeva, if tensions in the Middle East escalate further, another wave of safe-haven buying could propel gold prices toward the $3,500 mark. 'A breakout above that level could drive prices even higher toward the $3,590 per ounce where prices are likely to witness some resistance. In the domestic market, MCX gold is potentially heading towards ₹ 1,05,000 per 10 grams, with near-term support seen at ₹ 96,200 level,' Sachdeva said. NS Ramaswamy, Head -Commodity Desk and CRM at Ventura Securities, expects COMEX gold price to create a fresh high of $3,540 in the short term, with resistance at $3,476, and support seen at $3,400 - $3,345 levels. 'MCX gold August futures presently has support at ₹ 98,900, and is poised to surge to ₹ 1,02,000 in the short term,' said Ramaswamy. Goldman Sachs reiterated its forecast that structurally strong central bank buying will raise the gold price to $3,700 per ounce by end-2025 and $4,000 by mid-2026. BofA sees a path for gold to rally to $4,000 per ounce over the next 12 months.
Mint
14-06-2025
- Business
- Mint
Gold price outlook: Experts see MCX gold rate at ₹1.05 lakh if Israel-Iran war further escalates
Gold prices on the Multi Commodity Exchange (MCX) surged past the ₹ 1 lakh-mark on Friday, driven by robust safe-haven demand following a sharp escalation in geopolitical tensions between Israel and Iran. Renewed conflict in the Middle East, expectations of interest rate cuts, and a risk-off sentiment across financial markets collectively contributed to the rally in the yellow metal. MCX gold rate settled 0.04% higher at ₹ 1,00,314 per 10 grams after touching an intraday high of ₹ 1,00,681. Meanwhile, MCX silver prices declined marginally by 0.02% to ₹ 1,06,474 per kg, after hitting a high of ₹ 1,06,940 during the session. In the international market, spot gold price surged 1.3% to $3,428.10 an ounce, inching closer to its all-time high of $3,500.05 set in April. For the week, prices gained approximately 4%. US gold futures also advanced 1.5% to settle at $3,452.80. 'The latest upswing has been fueled by renewed conflict in the Middle East, particularly the Israeli strikes on Iranian nuclear infrastructure, which have significantly increased global risk aversion, reinforcing gold's appeal as a safe-haven asset,' said Sugandha Sachdeva, Founder of SS WealthStreet. She further noted that the US Dollar Index, which peaked at 110.18 in January, has since dropped to a three-year low, weighed down by disappointing economic indicators and policy uncertainty amid renewed tariff measures. 'The sharp decline in the dollar index has been a key catalyst driving gold higher. Additionally, easing inflation—with the US CPI cooling to 2.4% in May, below expectations—has raised prospects of a rate cut by the Federal Reserve, potentially as early as its June 18 meeting,' Sachdeva added. Markets are now increasingly pricing in a cumulative 50 basis points rate cut in 2025, lending further support to bullion prices. Gold has delivered stellar returns so far this year, rising 31% year-to-date (YTD) and consistently posting record highs. The metal has reaffirmed its position as one of 2025's top-performing asset classes and a reliable hedge against macroeconomic and geopolitical uncertainty. From ₹ 7,638 in 2005 to over ₹ 1,00,000 in June 2025, MCX gold prices have soared by an impressive 1,200.84%. In comparison, silver has gained 668.84% over the same period. Notably, gold prices have rallied by ₹ 10,000 in just the past 74 days. The asset has delivered positive returns in 16 of the last 20 years, highlighting its resilience and investor appeal. 'This sustained rally is being driven by a confluence of global macroeconomic and geopolitical factors. These include heightened economic uncertainty, anticipated rate cuts by the US Fed, aggressive central bank gold purchases, and rising geopolitical tensions,' Sachdeva observed. With supportive macroeconomic drivers and strong momentum, the outlook for gold remains bullish in the near term. According to Sachdeva, if tensions in the Middle East escalate further, another wave of safe-haven buying could propel gold prices toward the $3,500 mark. 'A breakout above that level could drive prices even higher toward the $3,590 per ounce where prices are likely to witness some resistance. In the domestic market, MCX gold is potentially heading towards ₹ 1,05,000 per 10 grams, with near-term support seen at ₹ 96,200 level,' Sachdeva said. NS Ramaswamy, Head -Commodity Desk and CRM at Ventura Securities, expects COMEX gold price to create a fresh high of $3,540 in the short term, with resistance at $3,476, and support seen at $3,400 - $3,345 levels. 'MCX gold August futures presently has support at ₹ 98,900, and is poised to surge to ₹ 1,02,000 in the short term,' said Ramaswamy. Goldman Sachs reiterated its forecast that structurally strong central bank buying will raise the gold price to $3,700 per ounce by end-2025 and $4,000 by mid-2026. BofA sees a path for gold to rally to $4,000 per ounce over the next 12 months. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
31-05-2025
- Business
- Time of India
What led to rupee becoming Asia's worst performing currency in May?
After appreciating towards 83.94/$1 levels in April, the combined impact of tariff uncertainties, border tensions and expectations of further monetary easing by the central bank made the rupee the worst performing currency in Asia in May. The rupee weakened 1.27% in May, from 84.48/$1 at the beginning of the month to 85.57/$1 as of May 30, and retreated the most in Asia. Agencies 'There have been unwinding of long rupee positions amid tariff uncertainties while importers are taking advantage of lower forward premiums,' said Kunal Sodhani, head of treasury at Shinhan Bank India. One year dollar-rupee forward premiums fell to 1.94%, from 2.34% in early April. Some positive cues like lower inflation, growth prospects and a softer dollar index have helped the rupee to trade around the 85.50/$1 levels, but global economic factors can add to further weakness. 'A sharp rebound in the US dollar, an unexpected shift in the Federal Reserve's interest rate outlook, or delays in the India-US trade negotiations could dampen optimism in the near future,' said Sugandha Sachdeva, founder of SS WealthStreet, a New Delhibased research firm.
