Budget 2020

Gold rate today: Yellow metal trades flat, silver tops Rs 70,000

NEW DELHI: Gold prices were almost flat on Wednesday, as concerns over possibility of a higher US interest rates countered a subdued dollar, while palladium held firm after scaling a record high in the previous session. The gain in US treasury yields over the comments of rate hikes from Treasury secretary Jennet Yellen pressured gold […]

Budget 2020

Gold rate today: Yellow metal trades lower, silver near Rs 70,800

NEW DELHI: Gold and silver futures prices dropped lower up on Tuesday, as a stronger dollar and optimistic comments from US Federal Reserve Chairman Jerome Powell on the economy weighed on the metal’s safe-haven appeal. The dollar index was up 0.1 per cent against its rivals, making gold more expensive for other currency holders. The […]

Budget 2020

Gold, silver edge lower. Here’s what analysts said

NEW DELHI: Gold and silver futures edged lower in Wednesday’s trade as firm US treasury yields continued to weigh on the non-yielding bullion. MCX gold futures for April delivery were trading Rs 48 or 0.11 per cent lower at Rs 45,500 per 10 grams. Silver futures for May delivery were quoting at Rs 69,200 per […]

Budget 2020

Gold prices today fall below Rs 46,800; silver recovers to Rs 69,550

NEW DELHI: Gold futures prices traded with cuts on Wednesday following the trend in the international market, thanks to rise in the bond yield while silver futures continued to gain on industrial demand. Benchmark US Treasury yields gained more than 1.3 per cent to their highest since February 2020. Higher bond yields increase the opportunity […]