Page 4 - Gold Trade

India's festival gold sales to shine less brightly this year, says WGC

Demand for gold jewelry, coins and bars typically peaks in the world's second-biggest consumer over October to December, driven by festivals including Diwali

Gold firms as dollar rally pauses; looming rate-hike cap further gains

Gold prices rose after declining more than 1% in the previous session, as a pause in the dollar rally alleviated some pressure from the greenback-priced bullion

Banks divert gold supply from India to China, Turkey ahead of festivals

Gold-supplying banks have cut back shipments to India ahead of major festivals in favour of focusing on China, Turkey, and other markets where better premiums are offered

Gold prices gains Rs 138, still shy of Rs 50,000; Silver jumps by Rs 224

During intraday trade, spot gold was down 0.1% at $1,641.59 per ounce as of 5.30 pm, after dropping as much as 1 per cent earlier to its lowest since April 2020 at $1,626.41 in the Asia session

Gold hits 2-1/2-year low weighed down by sturdy dollar, Fed rate hike

Gold prices fell to a new 2-1/2-year low on Monday, weighed down by a sturdy dollar and prospects of further interest rate hikes by the U.S. Federal Reserve to bring down inflation.

Despite price fall, domestic gold trading at a discount to imports

In Mumbai, the yellow metal is going at a discount of $7-10 per ounce while in Ahmedabad it is $7

Gold, silver rates rise in early trade; yellow metal selling at Rs 50,130

Gold and silver rates went up in early trade with 10 gram of yellow metal (24-carat) trading at Rs 50,130

Fed-induced market volatility could spur demand for gold: Experts

Use current correction to build a 10-15% allocation to yellow metal

Gold prices get reprieve as dollar slips, rate hike bets check advance

The dollar index eased 0.4% on Wednesday, making gold less expensive for overseas buyers

Gold prices hold steady as US' inflation data takes centre stage

U.S. gold futures were down 0.2% to $1,737.00

Gold, silver prices jump as dollar dips ahead of US inflation data

Gold's moves seemed to be overshadowed by silver, which usually follows gold but can be additionally influenced by economic cues given its industrial uses

Gold price ticks up as dollar slips, US inflation data in investors' focus

While gold is traditionally considered an inflation hedge, rate hikes translate into a higher opportunity cost for holding bullion, which pays no interest

Gold firms above $1,700/oz on hopes of less aggressive rate hikes by Fed

The European Central Bank is due to meet later this week, where it is expected to deliver a large 75 basis-point interest rate hike to tame record high inflation

Gold lingers near 1-month low as possibility of more Fed rate hikes weigh

Data also showed a bigger-than-expected rebound in U.S. consumer confidence in August

Gold edges higher in early Asian hours as dollar slips from 20-year high

Gold prices inched up in early Asian hours as the dollar eased off a 20-year high, offsetting pressure from expectations of the U.S. Federal Reserve keeping interest rates higher to combat inflation

Gold hits 1-month low as dollar firms, Powell signals high interest rate

Gold prices hit a more than one-month low on Monday, pressured by a robust dollar after Jerome Powell signalled continuing with an aggressive monetary policy to tame inflation

Gold, silver rates unchanged in early trade; yellow metal at Rs 51,600

Gold and silver prices remained unchanged in Monday's early trade with ten gram of the yellow metal (24-carat) trading at Rs 51,600

Gold hits one-week high as dollar dips; Jackson Hole symposium in focus

Rate hikes increase the opportunity cost of holding bullion, which pays no interest, while boosting the greenback

Sovereign Gold Bonds: Discounts, prices and everything you should know

The Sovereign Gold Bond scheme flares today, allowing you to buy gold bonds at a fixed interest of 2.5-percent twice a year. Read this article to know everything about gold bonds

Gold falls for sixth day today, hits over 3-week low on dollar rally

Gold is highly sensitive to rising U.S. interest rates, as these increase the opportunity cost of holding non-yielding bullion