Precious metal prices (January 17, 2024): Gold prices in Friday’s session traded with a cut tracking losses in the international markets. At around 10:36 am, gold February futures were down 0.23 per cent or Rs 186 at Rs 79,040 per 10 gm. Meanwhile, silver March futures were down 0.56 per cent or Rs 520 at
Gold prices hovered near a record high on Thursday, fueled by anticipation of a potential interest rate cut by the Federal Reserve in September. This follows recent developments that have bolstered expectations of monetary easing. During the Federal Reserve’s July 30-31 meeting, several officials considered the possibility of cutting interest rates, though the central bank
Gold outlook: The recent Budget’s decision to reduce the import duty on gold from 15% to 6% has left investors in paper gold feeling cheated. The announcement caused domestic gold prices to plummet by more than 8%, from Rs 74,080 to Rs 68,388 per 10 grams. Gold ETFs and sovereign gold bonds, which are linked
Gold rate today: Despite the renewed fear of the US recession, geopolitical tension in the Middle East, and the escalating US-China trade war, gold prices remained sideways throughout the week. On the Multi Commodity Exchange (MCX), the gold rate finished at ₹69,850 per 10 gm, logging a ₹58 per 10 gm rise against the previous