Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, highlighted the factors behind the price drop, stating, "Gold's weakness persisted with prices falling below USD 2,550 and near Rs73,500 on MCX as the dollar climbed above 106.50 and edged closer to 107. The US CPI
Central banks around the world could continue expanding their gold reserves amid ongoing geopolitical uncertainties, as highlighted in a recent report by Quantum Mutual Fund.
The 10-year government bond yield softened slightly, closing at 6.82 per cent, down from the previous session, while the 5-year bond yield held steady at 6.76 per cent. This shift in bond yields reflects cautious investor sentiment amid uncertain global conditions.
Factors like de-dollarisation and geopolitical conflicts, including the ongoing Russia-Ukraine war and escalating Middle Eastern tensions, continue to drive demand for gold as a stabilising asset, said Sachin Jain, Regional CEO India of the World Gold Council on Wednesday.
Gold has long held a special place in the Indian culture, particularly during Diwali when families invest in gold jewellery, coins, and bars as a token of wealth and luck.
The performance of silver could either match or outperform gold in the medium to long term, as silver prices is expected to reach Rs 1,25,000 per kilogram on the Multi Commodity Exchange (MCX) and USD 40 per ounce on the COMEX within the next 12 to 15 months, the Motilal Oswal Financial Serv
New Delhi [India], October 25: Kaia Gold has been trading in rigorous AI quantitative trading over the past period through a passel of efforts by all the employees of the company and a rapid rise in international gold prices. It has gained huge wealth of income, with a 78.9% increase in net
The non-banking financial companies (NBFCs) that focus on gold loans are poised to gain from the dual tailwinds of rising gold prices and potential rate cuts in the near future, Jefferies said in a report.
Experts say the surge in gold prices came amid a confluence of factors, including major central banks' dovish outlooks, slightly lower bond yields, and heightened geopolitical tensions.
The gold prices could see some consolidation near the recent highs, Motilal Oswal said in a report as its prices hit a fresh all-time high of Rs 78,450 (per 10 gram).
UBS also predicts gold will climb to USD 2,850 per ounce by mid-2025 and USD 2,900 by the third quarter of 2025, further underscoring its bullish outlook on the metal. The rally in gold prices has been supported by declining US real interest rates, central bank purchases, and a seasonal reco