Gold and silver prices moved higher across major Indian cities as strength in international bullion markets and rupee depreciation supported sentiment. Chennai recorded the highest gold rates among metro cities, while silver remained above Rs 2.34 lakh per kilogram in key markets.
Andhra Pradesh is on track to emerge as the country's largest supplier of gold in the coming years, according to a senior state government official who highlighted significant gold reserves discovered across multiple mining zones.
MCX gold and silver prices opened sharply lower on June 19 as traders reacted to the US Federal Reserve's hawkish stance, easing geopolitical tensions in the Middle East, and growing expectations of higher interest rates.
The central government has increased the base import prices of gold and silver, reversing a sharp reduction announced just days earlier, according to a notification issued by the Central Board of Indirect Taxes and Customs (CBIC) on Monday.
Gold prices recorded their steepest one-day decline in months on Wed as investors reacted to growing tensions between the US and Iran
Tap to read more.....................
In early international trade, spot gold registered a downward correction, trading 0.79% lower at $4,556.70 per ounce, reflecting mild risk-on sentiment in global equities. Conversely, spot silver displayed marginal resilience, ticking up by 0.14% to trade at $75.98 per ounce.
Deepak Shenoy, founder and CEO of Capitalmind, has questioned the Reserve Bank of India over its decision to transfer Rs 2.86 lakh crore as dividend to the Centre, calling the payout “disappointing” despite the central bank posting a significantly larger profit.
Days after Prime Minister Narendra Modi appealed to citizens to avoid buying gold for a year, the Centre has announced a major increase in import duty on gold and silver.
Tap to read more......
Andhra Pradesh is on track to emerge as the country's largest supplier of gold in the coming years, according to a senior state government official who highlighted significant gold reserves discovered across multiple mining zones.
MCX gold and silver prices opened sharply lower on June 19 as traders reacted to the US Federal Reserve's hawkish stance, easing geopolitical tensions in the Middle East, and growing expectations of higher interest rates.
The central government has increased the base import prices of gold and silver, reversing a sharp reduction announced just days earlier, according to a notification issued by the Central Board of Indirect Taxes and Customs (CBIC) on Monday.
Gold prices recorded their steepest one-day decline in months on Wed as investors reacted to growing tensions between the US and Iran
Tap to read more.....................
In early international trade, spot gold registered a downward correction, trading 0.79% lower at $4,556.70 per ounce, reflecting mild risk-on sentiment in global equities. Conversely, spot silver displayed marginal resilience, ticking up by 0.14% to trade at $75.98 per ounce.
Deepak Shenoy, founder and CEO of Capitalmind, has questioned the Reserve Bank of India over its decision to transfer Rs 2.86 lakh crore as dividend to the Centre, calling the payout “disappointing” despite the central bank posting a significantly larger profit.
Days after Prime Minister Narendra Modi appealed to citizens to avoid buying gold for a year, the Centre has announced a major increase in import duty on gold and silver.
Tap to read more......
The recent fall in gold prices and silver prices stems largely from cooling geopolitical tensions. Specifically, U.S. President Donald Trump extended a ceasefire with Iran
Tap to read more..................
