Gold and silver prices have started moving northwards after a fortnight. The yellow metal, which went down to Rs 1.18 lakh per 10 gm on October 28, has gone up by Rs 4,000 per 10 gm to touch Rs 1.22 lakh per 10 gm on Monday. Silver too followed gold and appreciated to Rs 1.50…
Gold prices rose on Friday as the dollar softened and uncertainty around the U.S. government shutdown added to safe-haven demand, while Wall Street indexes were set for sharp weekly declines. Spot gold was up 0.7% at $4,005.21 per ounce, as of 3:15 p.m. ET (2015 GMT). U.S. gold futures for December delivery gained 0.5% to…
The recent winning streak in jewellery shares may have more legs to it as robust festive demand and the upcoming wedding season are expected to keep volumes healthy, even amid sharply higher gold and silver prices. On Tuesday, Thangamayil Jewellery jumped 16.5%, PC Jewellers gained 4.3%, Titan Company and Kalyan Jewellers rose 2.3% and 1.5%,…
Gold prices opened lower on Friday, with the December futures contract on MCX slipping Rs 305 or 0.25% to Rs 1,21,203 per 10 grams. This comes after bullion posted a 4.5% gain so far this month, but traders are now recalibrating expectations for a December rate cut following recent hawkish remarks from US Federal Reserve…
US equity-index futures rose after strong earnings from Amazon.com Inc. and Apple Inc. spurred a post-market tech rally, lifting sentiment following a sharp selloff in the prior session. Contracts for the S&P 500 rose 0.5% and those for Nasdaq 100 gained 1% after the underlying indexes dipped Thursday. Apple shares rose in late trading after…
Gold prices edged higher on Tuesday to hover near all-time highs, as strong safe-haven demand and hopes of further interest rate cuts from the U.S. Federal Reserve boosted demand for the precious metal. FUNDAMENTALS * Spot gold was up 0.2% at $4,363.58 per ounce, as of 0106 GMT, having hit a record high of $4,381.21…