Gold Archives - Page 3 of 5

April 21, 2025 3:41 PM

Gold hits record ₹96,805, may soon cross ₹1 lakh

Gold prices in India hit a new all-time high of ₹96,805 per 10 grams on Monday on the Multi Commodity Exchange (MCX), driven by global trade tensions and a weakening US dollar. By 1:30 PM, the MCX Gold June 5 contract was trading 1.65% higher ...

April 15, 2025 8:57 AM

Asia shares rise, bonds hold steady on some tariff reprieve

Asia shares edged slightly higher on Tuesday, helped by gains in auto companies after U.S. President Donald Trump suggested he might grant exemptions on auto-related levies already in place. U.S. Treasury bonds steadied having staged a recovery over...

April 3, 2025 9:31 AM

Global stocks slump as US tariffs hit tech hardest

Stocks dived and investors scrambled to the safety of bonds, gold and the yen on Thursday as U.S. President Donald Trump unveiled a bigger-than-expected wall of tariffs around the world's largest economy, upending trade and supply chains. The high-f...

April 1, 2025 9:07 AM

Global stocks stabilise, gold hits record as Trump prepares to unveil reciprocal tariffs

Asian equities rose on Tuesday following Wall Street's overnight gains, while gold hit an all-time peak and Treasury yields fell as markets awaited details of U.S. President Donald Trump's reciprocal tariffs. The Japanese yen strengthened as traditi...

March 25, 2025 10:39 PM

Centre discontinues Gold Monetisation Scheme; short-term deposits to continue

The government on Tuesday announced the discontinuation of the Medium-Term and Long-Term Government Deposit (MLTGD) components of the Gold Monetisation Scheme (GMS), effective from March 26, 2025. The Ministry of Finance said in a statement that ban...

March 13, 2025 3:23 PM

Gold prices hit all-time high, cross Rs 86,875 per 10 grams

Gold prices on Thursday reached a new all-time high amid market uncertainties. On the Multi Commodity Exchange (MCX), 24-carat gold April futures rose by 0.21 per cent to touch Rs 86,875 per 10 grams. The surge in gold prices is mainly driven by gl...

February 10, 2025 6:33 PM

Gold prices surge to record high of ₹87,210 per 10g amid global economic uncertainty

Gold prices in India surged to an all-time high on Monday, with 10 grams of 24K gold reaching ₹87,210, while 1 gram was priced at ₹8,721. The steady rise in prices reflects increasing investor interest in the precious metal as global economic unc...

February 5, 2025 8:50 PM

India’s gold investments surge 60% to Rs 1.5 lakh crore in 2024: report

Gold investments in India surged by 60% in 2024, reaching $18 billion (approximately Rs 1.5 lakh crore), compared to 2023, according to a report on Wednesday. The World Gold Council (WGC) report added that gold investment demand stood at 239 tonnes,...

January 2, 2025 12:29 PM

Loan against gold on the rise; RBI flags concerns over irregular practices in gold lending

The Reserve Bank of India (RBI) has reported a sharp surge in gold loans across the country, reflecting an increasing dependence on gold as collateral to meet financial needs. According to the RBI's report, gold loans saw significant growth in the pe...

December 23, 2024 4:18 PM

Gold gains 30% in 2024, silver up 35% on COMEX this year: MOFSL

Gold and silver have experienced an impressive rally in 2024, gaining approximately 30% and 35%, respectively, on the Commodity Exchange (COMEX), a report revealed on Monday. While central bank policies and geopolitical risks are significant drivers...