gold futures

Gold prices soared to unprecedented levels on Monday, breaching Rs 97,000 per 10 grams in futures trade due to robust local demand. The surge was fueled by escalating tariff tensions, concerns about the US economic outlook, and the US debt crisis. Globally, gold futures also hit record highs, driven by a weakening US dollar and heightened US-China trade tensions.

Gold rate today: gold futures at MCX experienced a correction after reaching record highs, influenced by a stronger dollar and shifting US economic policies. Retail activity remains strong in anticipation of Akshaya Tritiya, with consumers favoring lighter jewelry due to elevated prices.

Gold prices experienced a significant two-day decline of Rs 3,800 following remarks from US President Trump. MCX gold futures initially rose on Thursday but followed mixed settlements in domestic and international markets on Wednesday.

gold futures on the MCX surged, surpassing ₹1 lakh/10 grams, mirroring gains in international markets where prices exceeded $3,500/ounce. The rally is fueled by factors including the US Federal Reserve's stance on interest rates, a weaker dollar, and global trade uncertainties.

Gold rate today: gold futures at MCX faced profit booking after hitting a record high, opening lower at Rs 95,457/10 grams, while silver also declined. Domestic precious metals closed positively on Tuesday, contrasting with mixed international market performance.

Gold prices in India have soared, crossing Rs 1 lakh per 10 grams, fueled by strong demand ahead of Akshaya Tritiya and the wedding season. Globally, gold also hit record highs amid economic uncertainty and geopolitical tensions. While gold surged, silver prices remained relatively stable in both domestic and international markets.

As gold prices in India surpassed Rs 1 lakh per 10 grams, Uday Kotak praised Indian housewives for their investment acumen in gold. Kotak highlighted their long-term investment strategy as a smart way to store value amidst global economic uncertainty and rising geopolitical tensions, which have driven gold prices to record highs both domestically and internationally.

Gold prices have breached the Rs 1 lakh mark and investors are wondering - is this the right time to buy gold or should they be booking profits? What's the gold rate outlook for this year and will the rally last? Experts weigh in:

Gold prices are soaring, reaching unprecedented levels. Industry leaders like Harsh Goenka and Uday Kotak are praising Indian homemakers for their wise investment in gold. Harsh Goenka shared anecdotes highlighting gold's appreciating value compared to other assets. Uday Kotak lauded Indian housewives as smart fund managers. Global economic uncertainties and geopolitical tensions are driving the gold price surge.

India's central bank witnessed a significant surge in its gold reserves' value, driven by a global rally in gold prices amidst geopolitical and economic uncertainties. The RBI's gold holdings nearly tripled in value over the past year, reflecting a broader trend of central banks worldwide accumulating gold to hedge against global risks.

In a world where convenience is king, China has taken the idea of automated service to an entirely new level, and the internet can’t stop talking about it. A video featuring a cutting-edge “Gold ATM” in Shanghai has gone viral, showing a machine that can melt, test, and pay for your gold in under half an hour.

Shanghai introduces a groundbreaking gold ATM that melts gold items, verifies purity, and transfers value to user accounts within 30 minutes. Developed by Kinghood Group, this innovation capitalizes on rising gold prices, attracting locals eager to exchange jewelry for immediate payment. The ATM accepts gold above 3 grams with 50% purity, using Shanghai exchange rates for valuation.

Gold prices have soared to unprecedented levels, reaching Rs 98,100 per 10 grams in the national capital, fueled by escalating trade tensions between the US and China. This surge is further supported by a weakened US dollar and positive outlooks from major banks, citing inflows into gold-backed ETFs and sustained central bank buying.

Hindustan Zinc Limited plans to enter potash mining in Rajasthan. The company aims to reduce India's reliance on potash imports. Hindustan Zinc will expand beyond zinc, lead, and silver into strategic critical minerals. They secured a gold block in Rajasthan and a tungsten block in Andhra Pradesh. The company reported a significant increase in net profit.