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 rallies ₹587; silver jumps ₹682

Gold rallied by ₹587 to ₹45,768 per 10 gram; silver jumped ₹682 to ₹65,468 per kilogram Gold rallied by ₹587 to ₹45,768 per 10 gram in the national capital on April 7 amid rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at ₹45,181 per 10 gram. In tandem […]

Budget 2020

Gold prices down ₹122, silver up ₹587

Gold prices fell by ₹122 to ₹44,114 per 10 grams; Silver rose by ₹587 to ₹65,534 per kg Gold prices on March 8 fell by ₹122 to ₹44,114 per 10 grams in the national capital, in line with weak international market trend, according to HDFC Securities. The precious metal had closed at ₹44,236 per 10 […]

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 plunges ₹717; silver declines ₹1,274

Gold in the national capital plunged ₹717 to ₹46,102 per 10 gram on Feb. 17 in line with decline in global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at ₹46,819 per 10 gram. Silver also declined ₹1,274 to ₹68,239 per kg, from ₹69,513 per kg in […]

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 […]