Gold prices

February 10, 2025 6:31 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 uncertainty fuels demand for safe-haven assets. Since the beginning of February, gold has been on an upward trajectory. On February 1, 22K gold was priced at ₹7,760 per gram, while 24K gold stood at ₹8,464 per gram. Over the course of ten days, pri...

February 10, 2025 2:14 PM

Gold prices at record high as investors seek safety amid trade war concerns

Gold prices on Monday surged to new record highs in the domestic futures market as uncertainty over the US President Donald Trump’s tariff policies increased demand for the yellow metal as a safe-haven investment. According to the India Bullion and Jewellers Association, the price of 24-carat gold was Rs 8,537 per gram, while 22-carat gold was Rs 8,332 per gram. On the Multi Commodity Exchange (MCX), gold futures for April 4 expiry touched an all-time high of Rs 85,384 per 10 grams in early ...

November 18, 2024 5:35 PM

Gold prices dip 9% from peak, experts suggest support at current level

Gold prices showed a modest recovery on Monday, breaking a six-day losing streak. However, both international and domestic gold prices remain around 9% below their recent peaks, driven by global economic conditions and market sentiment. Internationally, gold was trading at USD 2,597 per ounce, slightly up from its recent low of USD 2,537 per ounce but still down from its peak of USD 2,790 per ounce. In India, gold on the Multi Commodity Exchange (MCX) was trading at Rs 74,657 per 10 grams, mark...

October 17, 2024 7:02 PM

Gold prices hit record high of ₹76,899 per 10 grams amid global tensions and rate cut speculation

Gold prices in India surged to an all-time high on Thursday, with the Multi Commodity Exchange (MCX) recording a peak of ₹76,899 per 10 grams, driven by global uncertainties and speculation over potential Federal Reserve rate cuts. Analysts attribute the historic rise to a mix of dovish stances from central banks, falling bond yields, and intensifying geopolitical tensions. Ajay Kedia, Director of Kedia Advisory, explained the driving forces behind the gold rally. "MCX gold reached this unpr...

September 16, 2024 4:31 PM

Gold hits record high in Nepal at Rs 150,000 per tola

Today, the gold price has set a new record in Nepal's domestic market. The cost of the yellow metal continued to rise and reached the highest point so far. According to the Federation of Gold and Silver Dealers' Association, the price of hallmark gold has been fixed at Rs 150 thousand per tola (11.66 grams). The price surged by Rs 300 per tola today as compared to Sunday. Before this, the gold price had reached Rs 149,800 per tola on July 17. However, the price of silver has remained unc...

April 3, 2024 6:56 PM

India’s gems and jewellery sector shines amidst gold price surge

India shines brightly despite facing a whirlwind of events in 2023. With record-high gold prices, fluctuating diamond rates, and global tensions, the industry navigated through choppy waters while maintaining its dominance in exports. The latest India Development Update by the World Bank paints a promising picture, with India emerging as one of the fastest-growing major economies in FY 2022/23, boasting a growth rate of 7.2 per cent. Forecasts suggest continued growth, with a projected expansio...