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The sale of gold in India drops significantly ahead of Diwali with its prices touching a record high of Rs 77,410 per 10 grams, moving up by Rs 600 from the previous close. This spurt in the price of gold has set consumers to rethink their purchases, IBJA claimed. Silver prices have also gained ground,
Gold prices in India reach an all-time high on Friday, at ₹77,500 per 10 grams. The uncertainty building up in global geopolitics and the jitters building up over the US presidential election are seen as the two primary drivers of price surge in recent times. Tensions in the Middle East have increasingly pushed gold as
Indian foreign exchange reserves have reached a historic peak with the high of over $700 billion on October 4, 2024. Share of gold in India’s forex reserves constitutes more than 209%, peaking since 2018. The mirror this trend reflects is one of strategic shift in the manner in which India has begun to manage its
Gold price declines ahead of Karwa Chauth today in different cities. It is being taken seriously by the buyers as the festival season falls. Several enthusiasts look forward to investing in gold and silver jewelry in this given hour. The bullion market has witnessed a drop in the value of gold. Today, 22-carat gold is
Gold rate today in India on October 15 remained steady at Rs 77,400 per 10 grams of 24-carat gold. Known to have a higher purity level, 24-carat gold is mostly bought to invest. For those buying the metal as jewellery, the price for 22-carat gold was Rs 70,950 per 10 grams, which is comparatively more
Gold price in India Today: The yellow metal was trading marginally lower as the US dollar remained strong. Analysts said that the strengthening dollar is also due to anticipation that the Federal Reserve will not cut rates anytime soon, which has continued to put pressure on the gold prices. “The momentum of the US currency
The MCX gold prices in India surged on Friday due to the release of US Consumer Price Index data. The surprise rally in gold prices was principally started by the dampening of US inflation fears, thus raising speculations of a possible 25-basis-point cut in interest rate in the ensuing US Federal Reserve meeting. It leaped
Today’s gold prices in India touched an all-time high at ₹75,804 per 10 grams as a gain of ₹507 was noted in firm market conditions due to good demand. “It’s a combination of speculators opening fresh positions and the market being in the festive season,” a dealer at Religare Commodities said. Futures on the Multi
The gold price in India today has soared sharply, shooting all the hopes the Indian bullion industry had of a gold rush festive season. That happens even though the import duty came down sharply just two months ago and had raised the industry’s optimism. Prithviraj Kothari, president of the India Bullion and Jewellers Association, said
Gold price today in India marked an uneven movement in the market on October 9, 2024. At the same time, here, gold futures expiring on December 5, 2024, traded at Rs 75,143 per 10 grams after slipping a mere Rs 18 or 0.02 percent from the previous close. The silver futures that expire on December
