Gold held its ground on Tuesday after touching a six-month peak, buoyed by expectations the US Federal Reserve has concluded its interest rate hikes, ahead of the release of key economic data. Spot gold was steady at USD 2,013.59 per ounce by 1306 GMT, after hitting its highest since May 16 earlier in the session. […]
Gold prices rose to an over two-week high on Tuesday, as the US dollar dipped on expectations that the Federal Reserve is done hiking interest rates, while investors awaited minutes from the central bank’s latest meeting for further policy cues. Spot gold climbed 0.5 per cent to USD 1,987.79 per ounce, as of 12:15 GMT, […]
Gold prices in Pakistan surged by Pakistani rupee PKR 2,000 per tola on Wednesday, ARY News reported. ARY News is a Pakistani news channel. All Pakistan Gems and Jewellers Association (APGJA) said the price of 24-karat gold per tola increased by PKR 2,000 to settle at PKR 214,800 per tola. As per APGJA, after a […]
In the spirit of Dhanteras, the auspicious day heralding wealth and prosperity, India’s gold and silver markets are gearing up for a monumental trade surge, with experts predicting a staggering 50 thousand crore windfall this festive season. Recent weeks saw a dip in gold and silver prices due to easing geopolitical tensions globally. Amidst the […]
Festivals have always held a special place in the hearts of Indians. Traditionally, festivals have been associated with the purchase of gold jewellery as a symbol of prosperity and an investment for the future. However, the advent of digital gold has been transforming the way Indians approach festival shopping. In recent years, digital gold has […]
All India Gem and Jewellery Domestic Council (GJC), the apex trade body that unites jewellery manufacturers, wholesalers, retailers and exporters, announced the launch of Jewellery Shopping Festival (IJSF) in New Delhi. The launch will be held across the country in 300 cities from 15 October to 22 November. The festival will offer benefits to both […]
The mineral production sector in India witnessed a significant upswing in July 2023, with a remarkable 10.7 per cent increase compared to the same month in the previous year. These findings are based on the latest data released by the Indian Bureau of Mines (IBM), indicating a positive trajectory in the country’s mineral production, read […]
Demand for gold is expected to be muted in 2023 even as the economic momentum remains healthy and the RBI repo rate hike cycle has paused after a prolonged monetary policy tightening, according to World Gold Council. The outlook for gold purchases is highly dependent on rupee prices, which show no sign of abating, and […]
