Gold prices rise 0.41% to ₹79,554 amid festive season demand; silver plummets 1.27%

Gold prices rise 0.41% to ₹79,554 amid festive season demand; silver plummets 1.27%

Gold prices on Wednesday, October 30, rose 0.41 per cent or ₹321 to ₹79,554 per 10 grams of the yellow metal as of 9:06 p.m. (IST), compared to its previous close at ₹79,233 per 10 grams, according to data collected from Multi Commodity Exchange of India (MCX) on Gold Futures contract of December 5, 2024. … Read more

Festival season fires up gold sales every year. Not this time.

Festival season fires up gold sales every year. Not this time.

The annual festival season that typically sees a scramble for gold may see a fall in demand this time, the first in four years, as runaway prices put the yellow metal out of reach for many Indians. Gold price nearing ₹80,000 per 10 gm has curbed new purchases and turned customers to exchanging old ornaments … Read more

Top Stock Recommendations: Sagar Doshi of Nuvama suggests MCX, Birlasoft, and HDFC AMC today

Top Stock Recommendations: Sagar Doshi of Nuvama suggests MCX, Birlasoft, and HDFC AMC today

In early trade, the 30-share BSE Sensex increased by 134.64 points to reach a new all-time high of 78,188.16. The Nifty increased to 23,749.50, up 28.2 points. Subsequently, though, both benchmark indices had volatile trends and fluctuated between highs and lows. Financial Services, IT, Media, and Private Banks were among the sectoral indices at the … Read more

Gold rate today: Yellow metal prices steady amid geopolitical risks; higher US Treasury yields weigh

Gold rate today: Yellow metal prices steady amid geopolitical risks; higher US Treasury yields weigh

Gold prices were steady on Wednesday led by safe-haven demand amid the Middle East conflict partially offseting pressure from higher US Treasury yields. Spot gold price was at $2,383.29 per ounce, while US gold futures fell 0.3% to $2,399.60 per ounce. Spot silver rose 0.3% to $28.17 per ounce. MCX gold rate ended marginally lower … Read more