Gold scaled yet another record peak on Tuesday as traders snapped up the safe haven asset amid growing West Asia tensions, largely ignoring a stronger dollar and tempered bets for US rate cuts. Spot gold was up 0.9% to $2,269 per ounce after hitting an all-time high of $2,277. Global oil benchmark Brent also rose…
HYDERABAD: A week after it vaulted over the $2,200/oz mark in international markets for the first time, gold touched yet another life-high of $2,236 in the wee hours of Friday. In March, it has gained 9.3%, logging its best month since July 2020 (see graphic).Though MCX remained closed on account of Good Friday, prices of…
Last week’s gold rush may have been triggered by bets on the US Federal Reserve‘s long-anticipated pivot to looser monetary policy, but the foundations for the record rally were laid in China.Prices breached Dec’s record on Tuesday and have jumped to successive daily highs ever since. The rally itself was peculiar: gold tends to spike…
LONDON: US and European stock markets rose Wednesday and gold hit a record high as the Federal Reserve kept alive expectations of rate cuts later this year and the British government unveiled a pro-growth budget.In volatile trading, gold touched 2,150, well above its previous high of $2,141.79 as expectations of lower interests rates hurt the…
NEW DELHI: Gold prices on Tuesday surged Rs 800 to hit a fresh record high of Rs 65,000 per 10 grams in the national capital amid strong global trends, according to HDFC Securities.In the previous close, the precious metal had closed at Rs 64,200 per 10 grams.Silver also rallied Rs 900 to Rs 74,900 per…
SHAH ALAM: Young Anmol Kharb once again did the star turn as Indian women beat Thailand 3-2 in a thrilling final to clinch their maiden gold medal at the Badminton Asia Team Championships here on Sunday.The young and sprightly group of Indian women’s team, led by PV Sindhu, defied all expectations as it rose to…
Sovereign Gold Bond Series-IV (2023-24): The latest tranche of Sovereign Gold Bonds (SGB) for the 2023-24 Series-IV is now open for subscription from February 12 until February 16. Following the subscription period, SGBs are typically allocated within seven days. Consequently, the issuance date for this tranche is set for February 21.Eligibility and pricingAccording to ET,…
Gold firmed on Monday as rising tensions in the Middle East lifted demand for the safe-haven asset, while markets awaited a Federal Reserve policy decision later this week for more clues on the timing of this year’s first US interest rate cut.Spot gold was up 0.4% at $2,027.00 an ounce by 12:02 pm ET (1702…
NEW DELHI: Government on Tuesday moved to check misuse of lower customs duty on certain types of gold, silver and plug a loophole.As a result, it increased the import duty on gold and silver findings and coins to 15% by imposing a 5% Agriculture Infrastructure Development Cess (AIDC). A cess of 4.35% has also been…
On Monday, all that glittered was Ram Lalla. As many as 132 craftsmen worked round the clock to put together the jewellery that adorns the main idol. The collection comprises 14 pieces — mukut, tilak, emerald ring, ruby ring, a short round necklace, a panchlada (five- layered necklace), vijay mala, kamar and baju bandh (waist…
