Gold’s remarkable rally shows no signs of slowing as the festive season approaches, with many analysts expected the prices to hit Rs 1.3 lakh per 10 grams this festive season. Rising global economic uncertainty, steady central bank purchases and expectations of interest rate cuts are driving the demand. If the trend continues, gold could climb…
Gold touched a new lifetime high on Wednesday, October 8, crossing the $4,000 per ounce mark in global trade for the first time. The rally came on the back of rising uncertainty in world markets and growing bets that the US Federal Reserve could begin cutting interest rates before the end of the year. In…
The Securities and Exchange Board of India (SEBI) is preparing to widen institutional participation in the country’s commodity derivatives market, Chairman Tuhin Kanta Pandey said on Wednesday. According to IANS, the regulator will engage with the government on proposals to allow banks, insurance companies and pension funds into the segment, alongside a plan to expand…
Gold prices climbed to fresh record highs on the Multi Commodity Exchange (MCX) on Tuesday, supported by a weaker dollar and expectations of a US Federal Reserve rate cut. According to market data from MCX, both gold and silver extended gains in early trade, reflecting firm demand in domestic and global markets. Gold and silver…
Crude oil futures traded higher on Monday amid escalating tensions between Israel and Iran, raising fears of disruptions to global oil supplies. Both countries continued their attacks over the weekend, adding pressure to already volatile energy markets. As of Monday afternoon, Brent crude futures for August delivery were trading at $74.65 per barrel, up 0.57…
Silver prices on MCXÂ touched an all-time high of Rs 1,06,400 per kg on June 9, following a sharp global rally driven by a cocktail of bullish triggers from a weak US dollar to rising industrial demand. In the international market, silver crossed $36.5 per ounce for the first time in over a decade, gaining nearly…