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
The report highlights that gold prices continued to strengthen into September. International gold prices rose by 2.8 per cent, while domestic prices increased by 1.6 per cent over the same period. Despite these gains, Indian gold prices remain 2 per cent below pre-Union Budget levels due to
A recent analysis by CRISIL Ratings, which examined 58 gold jewellery retailers representing a third of the organised sector's revenues, indicates that the sector will benefit from improved working capital management.
Pune (Maharashtra) [India], September 6: Ganesh Chaturthi is a joyous occasion marked by celebration, devotion, and togetherness. As families across India gather for the festivities, managing both planned and unexpected expenses can be tough. A gold loan offers a quick solution, providing fu
New Delhi [India], August 28: On August 16, 2024, gold prices witnessed a spectacular rise, peaking at USD 2,500.99 per ounce driven by the surge in demand. An increasing number of investors lined up to get their hands on this historical asset.
The reduction in import duty has ignited a resurgence in gold demand across India. Reports from the recently concluded India International Jewellery Show indicate a substantial increase in order bookings from retailers, particularly in preparation for the upcoming festive and wedding season.
India's gold market continued its strong year-to-date (y-t-d) performance in July, with gold prices reaching Rs 65,314 per 10 grams, marking a 4.5 per cent return for the month and a 17.5 per cent y-t-d return. This strong performance was a key driver of the inflows into Indian gold ETFs, as
The price of gold, which opened in the low USD 2,300s in early July, quickly surpassed the USD 2,400 mark and achieved a high of USD 2,483 this Wednesday, according to Metals Focus report.
The international bullion body said unlike previous s periods when gold broke record highs, the market is still not saturated indicating that the gold prices may go up.