On Thursday, 11 April, gold prices surged as softer-than-expected US producer prices data fueled optimism for potential interest rate cuts this year, while ongoing geopolitical uncertainties continued to bolster the appeal of the yellow metal. Spot gold witnessed a 0.3 per cent increase, reaching USD 2,340.69 per ounce, while US gold futures climbed 0.4 per […]
With the ongoing wedding season at its peak, jewellery retailers have been witnessing strong demand, momentum and footfalls across their showrooms in India. And they are consistently focusing on capitalising on this demand. “We have expanded our market presence and customer share at a Pan-India level, garnering 35 per cent revenue growth in the first […]
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, […]
The World Platinum Investment Council (WPIC) stated in a quarterly report on Wednesday that a worldwide platinum shortfall in 2023 will be worse than previously anticipated owing to high industrial demand, and that the shortage might last for years. The WPIC predicts that demand for platinum, which is also used in car exhausts and jewellery, […]
