Gold rates News
Expert commented on the outlook for gold and silver and what investors should do amidst the global uncertainty.
Gold price also saw a significant increase. According to IBJA, the price of 24-carat gold rose by Rs 612 to Rs 99,508 per 10 grams on Tuesday from Rs 98,896 the day before.
Sovereign Gold Bond (SGB) Scheme are government securities denominated in grams of gold, substituting for holding physical gold. SGBs are issued by Reserve Bank on behalf of Government of India.
The market is currently focusing on two factors for the movement- direction of the US interest rate and anticipated decline in the US Dollar against other major currencies, said Emkay Wealth Management in its latest Navigator report.
The ETFs witnessed a six-fold, month-on-month surge in inflow in the month as compared to Rs 292 crore in May, AFFI data showed.
According to a report on the Management of Foreign Exchange Reserves by the Indian central bank, the gold share in the forex kitty, in dollar terms, rose from 5.87 per cent in March 2021 to 11.70 per cent in March 2025.
Central banks across the world continued their buying spree, purchasing over 1,000 tonnes of gold for the third consecutive year -- more than double the annual average seen between 2010 and 2021.
India has 879.59 metric tonnes of gold, 511.99 MT held domestically, a recent RBI information has revealed.
This year Akshaya Tritiya faces life-time high prices of gold with the yellow metal recently touching Rs 1 lakh mark.
The Premature redemption of the SGB series coincides with Akshaya Tritiya, variously known as Akti or Akha Teej or Akshaya Trutiya, is considered to be one of the most auspicious days for Hindus.
As the festival approaches this Wednesday, the price of 24-carat gold has surged from Rs 73,240 per 10 grams in 2024 to nearly Rs 94,000-Rs 95,000 per 10 grams this year.
India’s financialised gold ecosystem continued to deepen through its Sovereign Gold Bonds (SGBs) — globally unique instruments offering fixed returns, tax efficiency, and sovereign security.
Akshaya Tritiya holds special significance in Hindu culture, and buying gold on this day is believed to bring prosperity and good fortune to households.
On the Multi Commodity Exchange, gold contracts for June delivery traded higher by Rs 888 or 0.94 per cent at Rs 95,610 per 10 grams in a business turnover of 17,780 lots.
Given the upward graph of bullion in the recent weeks, how much gold should be in a portfolio? Has gold become more than just a safe haven asset lately? Check what experts say
According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold rose sharply from Rs 96,670 to Rs 1,00,000 per 10 grams -- a jump of Rs 3,300 within 24 hours.
On the Multi Commodity Exchange, the gold contracts for June delivery hit a record high of Rs 94,781 per 10 grams in early trade.
Globally, gold futures increased nearly 2 per cent to hit a lifetime high of USD 3,240.20 per ounce in New York.
On the Multi Commodity Exchange (MCX), gold contracts for June delivery traded higher by Rs 695 or 0.8 percent at Rs 87,623 per 10 grams in a business turnover of 14,966 lots.
The yellow metal has gained more than 18 per cent this year as retail investors continue to drive demand. Goldman Sachs, Bank of America, and UBS have raised their price targets for gold this month.
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