Budget 2020

Gold notches best week in 6 months on US jobs data miss

Gold jumped more than 1% en route to its best week since November last year after an unexpected drop in US jobs growth in April hastened a retreat in the dollar and Treasury yields. Spot gold rose 0.9% to $1,832.07 per ounce by 12:09 p.m. EDT (1609 GMT), after hitting its highest since Feb. 11, […]

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

Is silver the new gold? Key triggers to watch in precious metals

Some analysts and traders are betting that silver will outperform gold this year. Silver’s historic price performance relative to gold and the ongoing demand-supply dynamics may be the reasons behind such beliefs. Silver is glittering more than gold nowadays even though the yellow metal has entered the correction zone after hitting an all-time high in […]

Budget 2020

Gold and silver prices marginally gain

NEW DELHI: Gold prices rose marginally by Rs 9 to Rs 46,431 per 10 gram in the national capital on Friday, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,422 per 10 gram. Silver also gained Rs 53 to Rs 67,460 per kg from Rs 67,407 per kg […]

Budget 2020

Gold price climbs by Rs 97; silver declines by Rs 275

NEW DELHI: Gold prices gained Rs 97 to Rs 46,257 per 10 gram in the national capital on Friday supported by rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had closed the day at Rs 46,160 per 10 gram. In contrast, silver dipped Rs 275 to Rs 66,253 per kg, […]

Budget 2020

Gold prices may have bottomed out. Is it the best time to invest?

NEW DELHI: Gold has always been one of the most favoured investment options for Indians. At a time when inflation is likely to spike, it makes sense as well, given that the yellow metal has traditionally been used as a hedge. But as the world economy gradually came out of the Covid crisis and yields […]

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 […]