Gold prices on the Multi Commodity Exchange (MCX) traded lower on Thursday amid profit booking, retreating from their recent record high near the â‚ą96,000-mark. The MCX gold rate touched an all-time high of â‚ą95,935 per 10 grams before easing. Internationally, gold prices also witnessed a pullback as investors locked in gains after bullion hit a…
Gold prices could reach as high as $4,500 per ounce in an extreme risk case by the end of 2025, foreign investment bank Goldman Sachs said, citing escalating US-China trade war and fears of recession. However, Goldman Sachs raised gold price target to $3,700 an ounce by end-2025, its third such hike this year, reports…
Gold rate today: After climbing to a new peak of â‚ą89,796 per 10 gm, MCX gold rate witnessed some profit-booking during weekend sessions, ending around â‚ą2,000 lower at â‚ą87,785 per 10 gm, logging over 14% YTD rally. In the international market, spot gold prices finished at $3,023.63 per ounce after hitting a new peak of…
Gold Price Today: Gold prices hit back-to-back record highs on the multi-commodity exchange (MCX) driven by elevated tariff uncertainty after the latest US inflation data failed to ease global trade war concerns. However, the cooling inflation print raised the US Federal Reserve’s interest rate cut bets, and the easing of the monetary policy kept the…
The National Commodity & Derivatives Exchange Limited (NCDEX) on February 12 announced its entry into the equity and equity derivatives segment, making a significant diversification beyond its traditional agri-focused market. The decision was taken in the 155th Board Meeting of NCDEX held on Wednesday. “The Board of Directors of the Exchange at its meeting held…
Copper prices plunged to their lowest in more than two weeks as weak economic data in the world’s biggest metals consumer China raised demand concerns. MCX Copper prices were trading 0.2% lower at â‚ą783.80 per kg and hit a low of â‚ą780.90 during the session, tracing three-month copper on the London Metal Exchange (LME) that…
Gold rate today: After US Fed Chairman Jerome Powell’s speech at the Jackson Hole Symposium, gold prices witnessed a strong rally across bourses on Friday. On the Multi Commodity Exchange (MCX), gold rates surged to an intraday high of â‚ą71,940 per 10 gm, recording around one per cent rise against the intraday low of â‚ą71,302,…
Gold, silver rate today: Gold and silver prices witnessed strong buying, which helped precious bullions to end higher after a gap of two weeks. Spot gold price finished at $2,507 per ounce after climbing to a new peak of $2,509.72 (3.13%). After ending above $2,500 per ounce, spot gold price registered a weekly gain of…
Gold rate today: Following the renewed fear of the US recession and rising tension in the Middle East, the gold price rebounded strongly from the four-month low last week. The gold futures contract on the Multi Commodity Exchange for October 2024 expiry finished at â‚ą69,792 per 10 gm mark. COMEX gold price finished at $2,486…
Gold rate today: Gold rate on MCX traded higher on Wednesday, recouping sharp losses in previous session, tracking gains in international bullion prices ahead of the release of key economic data in the US. MCX gold contracts for August delivery traded 0.42% higher at â‚ą68,801 per 10 grams, while MCX silver contracts for September delivery…
