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Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Source: LKP Securities Ltd
2024-12-20 04:55:26 pm

Gold set for weekly drop; traders await US data for cues

Gold prices were set for a weekly decline on Friday after the Federal Reserve's verdict on its monetary policy-easing cycle signalled a slowdown in rate cuts, while focus shifted to the U.S. Personal Consumption Expenditure data due later in the day. Spot gold was little changed at $2,596.89 per ounce, as of 0326 GMT, and has lost about 2% so far this week. U.S. gold futures nudged 0.1% higher to $2,611.30. Gold is consolidating as "investors await Trump to resume office nex...

Gold set for weekly drop; traders await US data for cues

Source: Reuters
2024-12-20 10:23:36 am

Below the Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities Comex gold futures fell below $2,600 per ounce owing to the Federal Reserve's hawkish tone, following a widely anticipated 25 basis point rate cut. This prompted the US 10-year yield to rise to 4.45%, and the US Dollar Index to hit a two-year high of 108.3. Fed Chair Jerome Powell remarked that the policy rate has been reduced by a full percentage point from its peak, making the ov...

Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities

Source: Kotak Securities Ltd
2024-12-19 03:34:00 pm

Gold recovers from one-month low on short-covering

Gold prices jumped more than 1% on Thursday on short-covering after dipping to the lowest in a month earlier in the session, while the market awaited key U.S. data for further cues on the Federal Reserve's policy trajectory. Spot gold gained 0.8% to $2,607.88 per ounce as of 0251 GMT. However, U.S. gold futures eased 1.2% to $2,620.60. "Very short-term oriented speculators are looking for opportunities to buy the dips and gold's gain is because of short-covering after the m...

Gold recovers from one-month low on short-covering

Source: Reuters
2024-12-19 09:12:26 am

India re-examining record Nov gold imports, sources say

The Indian government is re-examining a surge in gold imports that widened the country's trade deficit to a record in November and pushed the rupee to an all-time low, two government sources aware of the matter told Reuters. Bloomberg News reported earlier that officials double-counted gold shipments in warehouses following a change in methodology in July, leading to a calculation error. India's Directorate General of Commercial Intelligence and Statistics (DGCIS) has taken up a...

India re-examining record Nov gold imports, sources say

Source: Reuters
2024-12-19 09:03:23 am

Below the Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities Comex Gold futures closed lower on Tuesday, following stronger-than-expected US Retail Sales data, which indicated economic resilience. Retail sales rose by 0.7% in November, building on an upwardly revised 0.5% increase in October. Year-on-year growth for November reached 3.8%, surpassing expectations and highlighting consumer strength. Despite this robust retail performance, the...

Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities

Source: Kotak Securities Ltd
2024-12-18 03:00:30 pm

Surging gold imports threaten India's trade balance; government should take urgent action: GTRI

The Global Trade Research Initiative (GTRI) has said that India's gold imports have surged alarmingly, posing a potential threat to its trade balance and economic stability, and the government should take action to address this issue. According to commerce ministry data, the country's gold imports in November 2024 reached a record high of $14.86 billion, registering a four-fold increase, mainly on account of festival and wedding demands. Gold imports stood at $3.44 billion in November...

Surging gold imports threaten India's trade balance; government should take urgent action: GTRI

Source: Accord Fintech
2024-12-18 12:12:20 pm

Domestic gold jewellery consumption to grow 14-18% in current fiscal in value terms: ICRA

ICRA in its latest report has said that the domestic gold jewellery consumption in value terms is expected to continue its growth momentum in the current financial year and is likely to witness an on-year rise of 14-18 per cent. It said gold jewellery consumption growth had witnessed a growth of 18 per cent in 2023-24, primarily driven by realisations even as volume growth was subdued. According to the report, while gold prices were volatile, improving consumer sentiments and festive-led d...

Domestic gold jewellery consumption to grow 14-18% in current fiscal in value terms: ICRA

Source: Accord Fintech
2024-12-18 10:43:48 am

Gold prices edge higher with focus on Fed`s policy decision

Gold prices edged higher on Wednesday as attention turned to the Federal Reserve's upcoming monetary policy decision, with the U.S. central bank anticipated to implement a third rate cut this year and provide insights into its plans for 2025. Spot gold nudged 0.1% higher to $2,648.43 per ounce by 0237 GMT. U.S. gold futures were flat at $2,663.20. The U.S. Fed began its two-day policy meeting on Tuesday, with focus on the central bank's updated economic projections and the dot p...

Gold prices edge higher with focus on Fed`s policy decision

Source: Reuters
2024-12-18 09:12:19 am

Below the Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "Gold prices weakened by $12 to settle at $2640 on Comex and dropped Rs.350 to Rs.76,700 on MCX as the outcome of the Fed’s policy meeting prompted caution among market participants. Long positions were trimmed ahead of the year’s final policy announcement, with expectations that forward guidance on rate cuts may remain unclear. This lack of clarity weig...

Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Source: LKP Securities Ltd
2024-12-17 04:44:35 pm

India`s gold jewellery purchase poised to surge 18 per cent in 2024-25: ICRA

The domestic gold jewellery consumption (in value terms) is expected to continue its momentum in the current financial year with an estimated growth of 14-18 per cent year-on-year, according to an ICRA report released on Tuesday. This follows the sharp growth of 18 per cent in 2023-24, which was primarily driven by realisations even as volume growth was subdued. A sharp 900 basis points (bps) cut in import duty in the Union Budget in July 2024 and consequent correction in gold pri...

India`s gold jewellery purchase poised to surge 18 per cent in 2024-25: ICRA

Source: IANS
2024-12-17 02:03:34 pm

Gold prices steady ahead of Fed policy meeting

Spot gold steadied on Tuesday ahead of the Federal Reserve's policy meeting as the market keenly awaited the U.S. central bank's outlook for cues on the interest rate path in 2025. Spot gold ticked up 0.1% to $2,655.07 per ounce, as of 0335 GMT. U.S. gold futures were flat at $2,672.40. "The market has almost discounted a 25-basis-point cut; however the 2025 outlook, the Fed dot chart and (Fed Chair Jerome) Powell's statements will be key to gauge the Fed's stance f...

Gold prices steady ahead of Fed policy meeting

Source: Reuters
2024-12-17 12:16:54 pm

Below the Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "Gold traded within a volatile range, continuing last week's up-and-down swings as markets brace for a series of major economic events this week. Key data points include the US Fed's policy outlook, the PCE price index, RBI meeting minutes, and updates from the ECB and China's monetary policy decisions. Amid these developments, gold is likely to trade between $...

Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Source: LKP Securities Ltd
2024-12-16 05:08:06 pm

Gold edges higher with spotlight on Fed meeting

Gold prices inched higher on Monday as investors anticipated a potential interest rate cut by the Federal Reserve this week, with focus on the central bank's language on rate cuts next year. Spot gold was up 0.1% to $2,652.07 per ounce as of 0155 GMT. Meanwhile, U.S. gold futures slipped 0.2% to $2,670.90. "A 25 basis point rate cut this week has been fully priced by markets, so the focus will be on whether this will be a 'hawkish cut', where U.S. policymakers may...

Gold edges higher with spotlight on Fed meeting

Source: Reuters
2024-12-16 09:01:51 am

Below the Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "Gold witnessed a sharp sell-off as profit booking intensified following mixed signals from US economic data. While the PPI data came in lower, higher weekly jobless claims prompted a retreat in gold prices from $2,710 to $2,670 on Comex. Similarly, MCX Gold tumbled from Rs.79,000 to Rs.77,450, marking a drop of over Rs.1,500 since yesterday. The current weakness suggest...

Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Source: LKP Securities Ltd
2024-12-13 05:57:44 pm

Gold set for weekly gain with focus on Fed`s policy decision

Gold prices edged higher on Friday and were set for a weekly gain, driven by reports of top consumer China resuming gold purchases, and heightened expectations of an interest rate reduction by the Federal Reserve at its Dec. 17-18 meeting. Spot gold was up 0.3% at $2,688.29 per ounce, as of 0320 GMT. Bullion is headed for a weekly gain and has added more than 2% so far this week. U.S. gold futures were steady at $2,711.30. Traders' attention is now on the Fed's decision on in...

Gold set for weekly gain with focus on Fed`s policy decision

Source: Reuters
2024-12-13 10:25:43 am

Below the Quote on Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "Gold traded within a volatile range and experienced minor profit booking at higher levels, with Comex prices facing resistance near $2,720–$2,725 and MCX encountering a hurdle around Rs.79,000. Yesterday's US CPI data came in line with expectations, providing a positive push to gold prices as it reinforced the likelihood of continued interest rate ...

Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Source: LKP Securities Ltd
2024-12-12 05:04:35 pm

Gold eases on profit taking after scaling more than one-month peak

Gold slipped on Thursday as investors booked profits after prices hit more than one-month high earlier in the day on increased expectations of an interest rate cut by the Federal Reserve next week. Spot gold shed 0.5% to $2,704.41 per ounce, as of 0257 GMT. It hit the highest since Nov. 6 earlier in the session. U.S. gold futures fell 0.5% to $2,744.60. "It's just profit booking because we've seen a good rally in gold due to various factors this week, including geopoliti...

Gold eases on profit taking after scaling more than one-month peak

Source: Reuters
2024-12-12 09:50:23 am

Below the Perspective on `Gold prices trade near 1-month high` by Mr. Colin Shah, MD, Kama Jewelry The yellow metal prices have rallied in the international and domestic markets. Prices have climbed to over $2730, over Rs 78,900 in the local market. The rally in gold prices is due to a combination of factors, including rising geopolitical tensions, central bank buying - especially the Chinese central bank - expectations of an ease in inflation, and a subsequent interest rate cut ...

Perspective on `Gold prices trade near 1-month high` by Mr. Colin Shah, MD, Kama Jewelry

Source: PR Agency
2024-12-11 04:39:55 pm

Gold touches two-week peak; US inflation data in focus

Gold prices scaled a two-week peak on Wednesday, supported by escalating geopolitical tensions and expectations of another rate cut by the U.S. Federal Reserve next week, and ahead of the closely watched U.S. inflation report later in the day. Spot gold was up 0.2% at $2,698.47 per ounce, as of 0253 GMT, and hit its highest since Nov. 25. U.S. gold futures rose 0.6% to $2,734.70. Investors' focus is on the U.S. Consumer Price Index (CPI), which is expected to have risen by 0.3% i...

Gold touches two-week peak; US inflation data in focus

Source: Reuters
2024-12-11 10:25:13 am

Below the Quote on Gold and silver remain a strong investment choice for 2025 by Pranay Aggarwal, CEO, Stoxkart - a discount broker Due to economic and political uncertainty, gold and silver remain a strong investment choice for 2025. Central bank purchases by China and Federal Reserve rate cuts further strengthens gold's outlook. Silver 's demand is expected to increase from industries for EV infrastructure and green energy. Gold is in the spotlight with a 20.8...

Quote on Gold and silver remain a strong investment choice for 2025 by Pranay Aggarwal, CEO, Stoxkart - a discount broker

Source: Stoxkart
2024-12-10 05:04:21 pm

Below the Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "Gold prices exhibited minor movement following yesterday's strong rally, trading sideways as participants awaited Wednesday's US CPI data. The data is expected to provide clarity on the future trend. While the overall bullish outlook for gold remains intact, the sharp pre-event rally suggests caution. Traders are advised to maintain strict stop-loss levels...

Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Source: LKP Securities Ltd
2024-12-10 04:38:23 pm

Gold Holds Firm on Safe-Haven Appeal and Softer US Dollar by Amit Gupta, Kedia Advisory

Gold prices maintain a positive trend, trading near a two-week high amid escalating geopolitical tensions and softer US Treasury yields. Factors like China's resumption of gold purchases and heightened safe-haven demand due to the Russia-Ukraine conflict and political unrest in South Korea and France bolster prices. Despite hawkish comments from Fed officials hinting at a potential pause in rate cuts, expectations of lower borrowing costs and subdued US Dollar strength support Gold’...

Gold Holds Firm on Safe-Haven Appeal and Softer US Dollar by Amit Gupta, Kedia Advisory

Source: Kedia Advisory
2024-12-10 03:42:31 pm

Gold Price Gains as Middle East Tensions and China Support Drive Momentum by Amit Gupta, Kedia Advisory

Gold continues its upward momentum, holding above the key $2,660 level, bolstered by geopolitical concerns in the Middle East and China’s resumed gold purchases. The US Dollar is hesitant as strong US labor data doesn’t halt expectations of Fed rate cuts. Gold is poised for a potential breakout above the critical $2,665 level, with further gains likely towards $2,690 and $2,720. The increasing geopolitical risk, along with China’s recent move to boost gold reserves, is offer...

Gold Price Gains as Middle East Tensions and China Support Drive Momentum by Amit Gupta, Kedia Advisory

Source: Kedia Advisory
2024-12-10 09:20:05 am

Gold extends gain on China`s vow for policy stimulus

Gold prices extended gains on Tuesday, buoyed by top consumer China's pledge to ramp up policy stimulus to help spur economic growth, with investors awaiting U.S. inflation data for further insights into the Federal Reserve's interest rate outlook. Spot gold had gained 0.4% to $2,669.84 per ounce, as of 0248 GMT. U.S. gold futures rose 0.3% at $2,692.50. Gold hit a two-week high on Monday, supported by China's central bank resuming purchases after a six-month hiatus. The ...

Gold extends gain on China`s vow for policy stimulus

Source: Reuters
2024-12-10 09:08:50 am

Gold firms as investors await US inflation data for Fed clues

Gold prices gained on Monday as investors awaited U.S. inflation data due this week for clues on the Federal Reserve’s next monetary policy moves. Spot gold was up 0.5% at $2,644.91 per ounce, as of 0238 GMT. Bullion fell nearly 1% last week. U.S. gold futures added 0.3% to $2,666.80. Gold is supported by headlines that China’s central bank is back to purchasing gold in November which could be "good news for gold bulls" in knowing that they have the People's...

Gold firms as investors await US inflation data for Fed clues

Source: Reuters
2024-12-09 09:09:15 am

RBI`s gold purchases up 5-fold at 77 tonnes in January-October

The Reserve Bank of India (RBI) bought 27 tonnes of gold during October taking its total purchases of the precious metal to 77 tonnes from January to October, according to a WGC report based on data compiled by the International Monetary Fund (IMF). The RBI’s gold purchases in the first 10 months of 2024 represent a five-fold increase over the quantity of the precious metal bought in the same period of 2023, WGC said. According to the data, the RBI’s total gold r...

RBI`s gold purchases up 5-fold at 77 tonnes in January-October

Source: IANS
2024-12-07 08:59:08 am

Below the Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "Gold traded with minor gains, closing at Rs.76,650 on MCX, as markets await key Non-Farm Payroll and unemployment data later this evening. These metrics are crucial for shaping the Fed's policy outlook. While gold maintains a positive trajectory, resistance is evident near Rs.77,000 - Rs.77,500. Strong support at Rs.75,500 - Rs.76,000 presents a potential buying opp...

Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Source: LKP Securities Ltd
2024-12-06 05:13:31 pm

Centre gears up to make hallmarking mandatory for gold bullion

The government is gearing up to make hallmarking mandatory for gold bullion, a move aimed at ensuring the purity of gold products and safeguarding consumers from potential quality issues, Consumer Affairs Secretary, Nidhi Khare, said on Friday. More than 40 crore gold jewellery items have been hallmarked to date -- over 4 lakh gold items being hallmarked per day, the government informed last month. Addressing the Gems and Jewellery Conference by the Confederation of Indian I...

Centre gears up to make hallmarking mandatory for gold bullion

Source: IANS
2024-12-06 03:32:30 pm

Indian dealers offer discounts; China sees seasonally soft demand

Physical gold was sold at a discount in India for the first time in six weeks, as a weaker rupee drove up prices and in turn moderated demand, while top consumer China saw seasonally slow demand. Domestic prices in India rose to 76,800 rupees per 10 grams on Friday after falling to 74,852 rupees earlier last week. Jewellers were not making purchases as the rupee fell to a record low, making imports even more expensive, said a Mumbai-based dealer with a private bullion importing bank. ...

Indian dealers offer discounts; China sees seasonally soft demand

Source: Reuters
2024-12-06 02:02:04 pm

Gold heads for second weekly fall; focus on US payrolls data

Gold prices edged higher on Friday but headed for a second straight week of decline, while market participants braced for the U.S. payrolls data that is expected to provide cues on the interest rate cut trajectory. Spot gold rose 0.3% to $2,638.66 per ounce by 0346 GMT after hitting its lowest since Nov. 26 earlier in the session. Prices are down about 0.4% so far this week. U.S. gold futures rose 0.5% to $2,661.00. "For December, support is around $2,550 and resistance at $2,70...

Gold heads for second weekly fall; focus on US payrolls data

Source: Reuters
2024-12-06 10:53:41 am

Gold flat as investors await US payrolls data

Gold prices were little changed on Thursday as investors awaited U.S. payrolls data that is expected to provide more insights into the Federal Reserve's monetary policy path. Spot gold was nearly unchanged at $2,647.17 per ounce, as of 0326 GMT. U.S. gold futures eased 0.2% to $2,671.10. "Gold prices probably will stay around these levels with a downward bias at least until (the end of) December," said Brian Lan, managing director at Singapore-based dealer GoldSilver...

Gold flat as investors await US payrolls data

Source: Reuters
2024-12-05 11:22:15 am

Gold steady; all eyes on US jobs data, Fed Chair's speech

Gold prices steadied on Wednesday as markets awaited U.S. jobs data and comments from Federal Reserve Chair Jerome Powell for further insights into the U.S. interest rate cut trajectory. Spot gold held its ground at $2,644.42 per ounce, as of 0203 GMT. U.S. gold futures eased 0.1% to $2,666.40. The U.S. ADP employment report is due at 1315 GMT, ahead of the U.S. payrolls report on Friday. Powell is scheduled to speak later in the day in what is expected to be his last public remarks ...

Gold steady; all eyes on US jobs data, Fed Chair's speech

Source: Reuters
2024-12-04 11:38:03 am

Gold holds steady, investors eye key US jobs data

Gold prices were steady on Tuesday as investors took a cautious stance ahead of the upcoming U.S. economic data that could provide insights into the Federal Reserve's interest rate path. Spot gold was nearly unchanged at $2,636.50 per ounce, as of 0156 GMT, after falling as much as 1% on Monday. U.S. gold futures was flat at $2,659.00. The dollar drifted higher, making greenback-priced bullion more expensive for overseas buyers. [USD/] Key U.S. data this week includes the job ope...

Gold holds steady, investors eye key US jobs data

Source: Reuters
2024-12-03 08:51:36 am

Below the Quote On Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities Comex gold closed last week on a weaker note as safe-haven demand faded, following a ceasefire agreement between Israel and Hezbollah in Lebanon. Also, concerns about persistent inflation have raised doubts about the pace of rate cuts next year. Traders are currently pricing in a 66% chance of a quarter-point rate cut in December, up from 50% earlier in the month, while the likeli...

Quote On Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities

Source: Kotak Securities Ltd
2024-12-02 03:22:37 pm

Gold falls on firmer US dollar, profit-taking; key US data in focus

Gold prices snapped a four-session rally to fall on Monday, pressured by a firmer U.S. dollar and profit-taking, while investors awaited key U.S. economic data for cues on the Federal Reserve's monetary policy outlook. Spot gold fell 0.7% to $2,636.38 per ounce, as of 0204 GMT. U.S. gold futures edged 0.8% lower to $2,658.80. "The yellow metal has been facing some profit-taking lately as market participants unwind some of the geopolitical risk premium, alongside the strength...

Gold falls on firmer US dollar, profit-taking; key US data in focus

Source: Reuters
2024-12-02 08:54:10 am

Below the Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "Gold traded positively, registering a gain of Rs.700 to close at Rs.77,225 in MCX, supported by safe-haven demand amid ongoing geopolitical concerns. On Comex, gold saw an uptick of $26, trading at $2,665 as bullish momentum continued. The overall trend remains strong, with key resistance at $2,690 and support at $2,620 in the short term." ...

Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Source: LKP Securities Ltd
2024-11-29 05:42:22 pm

India gold premiums steady as price fluctuations stabilise demand

Physical gold premiums were steady in India, as a rise in demand from this week's price correction was later countered by higher rates, while demand in other major Asian hubs and top consumer China remained subdued. Bullion prices in India rose to 76,504 rupees per 10 grams on Friday, up from 74,852 rupees earlier this week. "Demand was strong at the beginning of the week due to lower prices, but weakened towards the end as prices increased," said Amit Modak, chief executi...

India gold premiums steady as price fluctuations stabilise demand

Source: Reuters
2024-11-29 12:35:58 pm

Learn from Indian women how to invest in gold and silver: Jim Rogers

As the prices of gold and silver continue to rise amid geo-political tensions, ace global investor Jim Rogers has an advice for people: stay invested in precious metals and nothing can teach us better about bullion than Indian women. In an interaction with IANS on Thursday, Rogers, who is known for his expertise and strategic insights, said he owns both gold and silver. “Everybody should own gold and silver. That is one thing I learned in India where women in the marke...

Learn from Indian women how to invest in gold and silver: Jim Rogers

Source: IANS
2024-11-29 09:41:57 am

Gold gains on softer US dollar, geopolitical concerns; set for weekly fall

Gold prices rose on Friday, helped by a slight dip in the U.S. dollar and growing geopolitical tension, but remained on track for a weekly decline as markets awaited key U.S. data for further insights into the Federal Reserve's monetary policy direction. Spot gold rose 0.7% to $2,660.03 per ounce, as of 0236 GMT. However, bullion was down 2% so far this week. U.S. gold futures gained 0.8% to $2,659.70. The dollar index eased 0.2, boosting gold's appeal for holders of other cu...

Gold gains on softer US dollar, geopolitical concerns; set for weekly fall

Source: Reuters
2024-11-29 08:53:38 am

Gold falls on dollar strength, inflation data sparks caution on Fed rate cuts

Gold prices slipped on Thursday as the U.S. dollar strengthened, while investors assessed a flurry of economic data showing stalled inflation progress, suggesting the Federal Reserve might tread cautiously on further interest rate cuts. Spot gold fell 0.3% to $2,627.60 per ounce, as of 0302 GMT. U.S. gold futures shed 0.5% to $2,627.00. The dollar index was up 0.1%, reducing gold's appeal for holders of other currencies. [USD/] The market is focusing on the Fed's rate cuts...

Gold falls on dollar strength, inflation data sparks caution on Fed rate cuts

Source: Reuters
2024-11-28 10:32:45 am

Below the Quote On Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities Comex Gold futures closed moderately higher on Tuesday at $2,621.30 per ounce, as traders assessed geopolitical developments and a stronger US Dollar. Gold initially faced pressure after former President Trump proposed imposing 25% trade tariffs on Mexico, Canada, and China. However, mixed US economic data provided some support, allowing the metal to rebound from intraday lows of $2,60...

Quote On Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities

Source: Kotak Securities Ltd
2024-11-27 04:45:54 pm

Gold trades in tight range ahead of US inflation data

Gold prices flitted within a narrow range on Wednesday as investors awaited key U.S. inflation data for insights into the potential scale of a Federal Reserve rate cut next month. Spot gold was steady at $2,635.56 per ounce, as of 0222 GMT, moving largely within a slim $9 range during the session. Bullion hit over one-week low on Tuesday. U.S. gold futures rose 0.6% to $2,635.80. "There's the geopolitical element to all of this, which is to say that some selling pressure has...

Gold trades in tight range ahead of US inflation data

Source: Reuters
2024-11-27 08:44:18 am

Below the Quote on Gold from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded volatile within the 84.35 range as the dollar maintained a sideways movement near 107$, and crude oil's recovery today contributed to the currency's fluctuation, with slight weakness observed. Positive momentum in capital markets provided some support to the rupee, offsetting broader global pressures. The rupee's immediate range is anti...

Quote on Gold from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Source: LKP securities Ltd
2024-11-26 05:05:11 pm

Below the Quote On Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities Comex gold futures experienced a sharp decline of more than 3%, marking their biggest single-day drop in nearly four years, falling over $90 to settle at $2,618.50 per ounce. This was due to de-escalating geopolitical tensions in the Middle East, as reports suggested that Israel and Lebanon had accepted the terms of a ceasefire agreement. Despite weakness in the US dollar index, it fai...

Quote On Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities

Source: Kotak Securities Ltd
2024-11-26 03:10:35 pm

News

Gold and Silver`s Outlook remains Positive for 2025

Gold gains 30 pc in 2024, silver 35 pc up on COMEX this year: MOFSL

Gold rises in thin trade on investor short-covering

Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Gold set for weekly drop; traders await US data for cues

Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities

Gold recovers from one-month low on short-covering

India re-examining record Nov gold imports, sources say

Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities

Surging gold imports threaten India's trade balance; government should take urgent action: GTRI

Domestic gold jewellery consumption to grow 14-18% in current fiscal in value terms: ICRA

Gold prices edge higher with focus on Fed`s policy decision

Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

India`s gold jewellery purchase poised to surge 18 per cent in 2024-25: ICRA

Gold prices steady ahead of Fed policy meeting

Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Gold edges higher with spotlight on Fed meeting

Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Gold set for weekly gain with focus on Fed`s policy decision

Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Gold eases on profit taking after scaling more than one-month peak

Perspective on `Gold prices trade near 1-month high` by Mr. Colin Shah, MD, Kama Jewelry

Gold touches two-week peak; US inflation data in focus

Quote on Gold and silver remain a strong investment choice for 2025 by Pranay Aggarwal, CEO, Stoxkart - a discount broker

Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Gold Holds Firm on Safe-Haven Appeal and Softer US Dollar by Amit Gupta, Kedia Advisory

Gold Price Gains as Middle East Tensions and China Support Drive Momentum by Amit Gupta, Kedia Advisory

Gold extends gain on China`s vow for policy stimulus

Gold firms as investors await US inflation data for Fed clues

RBI`s gold purchases up 5-fold at 77 tonnes in January-October

Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Centre gears up to make hallmarking mandatory for gold bullion

Indian dealers offer discounts; China sees seasonally soft demand

Gold heads for second weekly fall; focus on US payrolls data

Gold flat as investors await US payrolls data

Gold steady; all eyes on US jobs data, Fed Chair's speech

Gold holds steady, investors eye key US jobs data

Quote On Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities

Gold falls on firmer US dollar, profit-taking; key US data in focus

Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

India gold premiums steady as price fluctuations stabilise demand

Learn from Indian women how to invest in gold and silver: Jim Rogers

Gold gains on softer US dollar, geopolitical concerns; set for weekly fall

Gold falls on dollar strength, inflation data sparks caution on Fed rate cuts

Quote On Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities

Gold trades in tight range ahead of US inflation data

Quote on Gold from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Quote On Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities