Tag - Gold

Gold price surges to record high


New Delhi: Gold price in India hit a record high Rs 69,640 per 10 grams on MCX tracking a sharp increase in international prices of the precious metal, driven by the high safe-haven demand amid escalating geopolitical tensions in Central Asia and the Russia-Ukraine war. In the international market, spot gold was up 0.2 per...

Gold scales record high on possible US interest rate cut


New Delhi: Gold scaled a record high moving further above $2,100 in a rally sparked by growing bets for a US interest rate cut in June and on safe-haven demand due to the conflict in the Middle East, says Manav Modi, Analyst, Commodity and Currency, Motilal Oswal Financial Services. A wider robust fundamental backdrop added...

Gold prices come under pressure on higher US inflation


Mumbai: Gold prices fell by Rs 804 per 10 grams in the spot market to Rs 61,590 as the US inflation rate remained higher than expected and this in turn might delay the much-expected US Fed interest cut programme this year. The market expected the first US Fed rate reduction to come by May before...

Diwali: The Gold Standard of a Festival


The Festival of Light: In the presence of light, darkness always vanishes By Prof. Bal Ram Singh We Indians celebrate many festivals of India in the United States, but nothing matches the Diwali festival. Most Indian festivals have seasonal flavors and are around harvest seasons. India’s climate is the most benevolent on this earth, hosting six...

Flamboyant but Traditional: Jewelry Trend goes Global but remains Rooted


By Kushal Dugar The sheen of Gold never fades in Indian life. This Diwali is expected to be a big bonanza for Jewelers in India on account of improved sentiments, pandemic recovery, and hope of India emerging as a resilient economy while the rest of the world is staring at an imminent recession. Gold and Kundan Meena...

Diwali: A Celebration of India’s Economic Might


Diwali has always been more than just a cultural festival By Rajesh Mehta & Sandesh Dholakia Ayodhya was illuminated with hundreds and thousands of lamps to celebrate Lord Ram’s arrival after defeating Ravana all of us know this, right? But did we ponder how hundreds of thousands of such lamps were produced, how many people got...

Gold purchase in Dhanteras gave 6.56% returns last decade


India is looking towards a Diwali glittering as ‘gold’ this year. With the drop in price of the yellow metal, markets are seeing reinvigorated demand from retail consumers. It is customary to buy precious metals like gold and silver on the occasion of Diwali to propitiate Lakshmi, the goddess of wealth. Gold in India has...

Vaccine hopes push gold below Rs 49,000 per 10 gram


Mumbai: Futures of gold, which were soaring well above the Rs 50,000 mark till sometime back amid the weak economic scenario, have now started to ease and have fallen below the Rs 49,000-mark amid optimism regarding vaccines for the novel Coronavirus. The December contract of gold on the Multi Commodity Exchange (MCX) is currently trading...

Amid Covid, Diwali brings back gold demand


New Delhi: The auspicious occasion of 'Dhanteras' and Diwali in India brought some relief to the jewelry market, which has largely been subdued amid the pandemic with poor demand. Although demand witnessed a spike on Thursday and Friday post the recent subdued trend, the sales trend across the country varied with some places witnessing year-on-year...