Connect with us

National News

Gold prices in India extend recovery on softer U.S. dollar, easing Treasury yields, lower crude oil prices.

Market participants attributed the firming metal prices to a pause in U.S. yield gains following strong demand at the latest 30-year U.S. Treasury auction, which relieved pressure on non-yielding assets.

Published

on

Gold prices in India extended their recovery on Saturday, with 24-carat gold climbing back above the 151,000 rupee mark per 10 grams, supported by a softer U.S. dollar, easing Treasury yields, and lower crude oil prices.

The domestic benchmark rate for 24K gold rose by 710 rupees, or approximately 0.47%, to 151,420 rupees per 10 grams. For bulk purchases, 100 grams of 24K gold stood at 1,514,200 rupees, up 7,100 rupees from the previous session.

Jewellery-grade 22K gold advanced by 650 rupees to 138,800 rupees per 10 grams, while 18K gold climbed 540 rupees to hit 113,570 rupees per 10 grams. Per sovereign (8 grams), 24K gold traded at 121,136 rupees and 22K gold at 111,040 rupees.

The rebound follows a volatile week for bullion. Over the past four sessions, 24K gold has climbed nearly 1.5%, gaining roughly 2,240 rupees from 149,180 rupees on Oct. 6. On the Multi Commodity Exchange (MCX), gold futures rebounded above 151,000 rupees after dipping toward the 149,000 rupee level earlier in the week.

In international markets, spot gold traded near $4,174.78 an ounce after recovering from $4,118.63 in the previous session and briefly breaching $4,200. International spot silver surged over 2% to trade around $60.40 an ounce, driving domestic silver rates in India to approximately 235,000 rupees per kilogram.

Market participants attributed the firming metal prices to a pause in U.S. yield gains following strong demand at the latest 30-year U.S. Treasury auction, which relieved pressure on non-yielding assets.

However, analysts warned that near-term gains may remain capped due to expectations surrounding Federal Reserve monetary policy.The key constraint is the Federal Reserve’s hawkish stance, with policymakers signaling that further tightening may be necessary to bring inflation back to target.

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted

BrandBuzz

RADIANT REFLECTIONS: The Ultimate Karwa Chauth Edit By Zen Diamond India

Zen Diamond India presents a handpicked edit of fine natural diamond jewellery curated specifically for this cherished occasion. Whether you are searching for a sentimental gift of appreciation or a statement piece to complete your festive ensemble

Published

on

This Karwa Chauth, celebrate the sacred bond of love, devotion, and timeless togetherness with the unmatched brilliance of natural diamonds. As the evening moon rises and fasts are lovingly broken, elevate your festive ritual with a touch of enduring glamour. Zen Diamond India presents a handpicked edit of fine natural diamond jewellery curated specifically for this cherished occasion. Whether you are searching for a sentimental gift of appreciation or a statement piece to complete your festive ensemble, these timeless creations bring effortless luxury to your Karwa Chauth celebrations.

Solitaire Timeless Glow Band

Symbolizing the infinite circle of love and lifetime commitment, this classic band features brilliantly cut natural solitaires seamlessly aligned in a glowing frame. Rings hold a deeply sentimental place in Karwa Chauth rituals, and this piece acts as the ultimate modern replacement or upgrade to your wedding band, a shining reminder of your everlasting vows that glows as brightly as the moon on this auspicious night.

Round Radiance Solitaire Engagement Ring

Crafted in rose gold, yellow gold and white gold, this sculptural split-band solitaire ring frames a 0.50-carat round-cut centre diamond with diamond-studded bands for added brilliance. A discreet skin-touching diamond on the inner band and an engraved infinity detail add personal finishing touches, making it a distinctive choice for Karwa Chauth, engagements, weddings and milestone gifting. Perfect for celebrating love and togetherness, it becomes even more special with Zen Diamond Magic pricing, offering 1-carat rings at an all-inclusive ₹3,49,999 (original price ₹5.8 lakh) and 1-carat earrings at ₹7,49,999 (original price ₹12.7 lakh), making a meaningful Karwa Chauth gift feel even more magical.

Tryst Midnight Royale Flow Necklace

Designed to make a grand statement during the evening chhani ritual, this opulent necklace features an exquisite flow of diamonds crafted to drape gracefully against festive silks and lehengas. Its cascading brilliance catches every beam of moonlight, making it the perfect focal piece for the newly wedded bride or any woman celebrating a milestone Karwa Chauth.

Tryst Royal Night Radiance Earrings

Framing the face with majestic sparkle, these drop earrings feature a regal silhouette designed to shine during evening festivities. As you lift the sieve to catch the first glimpse of the moon and your partner, these luminous earrings catch every light in the room, seamlessly complementing intricate traditional dupattas and elaborate festive hairstyles.

Toren Sapphire Rhythm Bracelet

Combining the deep, enchanting hues of precious sapphires with the fire of natural diamonds, this rhythmically set bracelet adds a captivating pop of color to your Karwa Chauth attire. Perfect for pairing with traditional chooda bangles or wearing as a standalone piece on your mehendi-adorned wrists, it adds a chic, modern touch to the traditional festivities.

Enchante Radiant Starburst Diamond Pendant

Inspired by the celestial brilliance of the Karwa Chauth night sky, this starburst pendant captures the exact moment the moon breaks the fast. Suspended gracefully on a delicate chain, its center starburst design serves as a meaningful, everyday-wearable token of devotion that you can keep close to your heart long after the moonlit celebrations end.

Continue Reading

Trending

JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x