National News
Gold prices rise on renewed sense of confidence among investors
The allure of gold continues to intensify as prices in Delhi ascend for the third consecutive day. In a display of sustained momentum, Delhi’s bullion market saw rates climb to Rs.15,752 per 10 grams, marking an incremental rise of Rs.88 as the metal edges closer to the psychological threshold of Rs.15,800.Driven by a blend of optimistic market sentiment and steadfast demand, this recovery rally has permeated major urban hubs across the nation.
The upward trajectory of gold continues to reshape the landscape across India’s major metropolitan hubs. In Delhi, the price for 24K pure gold has reached Rs.15,752, with 22K and 18K variants following at Rs.14,439 and Rs.11,814, respectively. Mumbai’s market reflects a similar strength, trading 24K at Rs.15,740, 22K at Rs.14,428, and 18K at Rs.11,805.
The current trajectory suggests a robust appetite for the precious metal. Analysts attribute this three-session winning streak to persistent purchasing power and a renewed sense of confidence among investors. As the rally extends, all eyes remain on the global cues that may push the capital’s rates beyond the looming Rs.15,800 milestone.
National News
Gold and Silver Futures Open Higher Amid Volatility In Currency and Bond Markets.
Strong Investment Demand and Continued Gold Buying By Central Banks, Especially China’s Central Bank, Further Supported Prices.
Gold and silver futures opened higher on Friday as investors turned to safe-haven assets amid volatility in currency and bond markets.
Gold futures opened higher on MCX. The benchmark October gold contract opened at Rs 1,60,630 per 10 gram, up Rs 1,205 from the previous close of Rs 1,59,425.
Silver futures also opened higher. The benchmark September silver contract on MCX opened at Rs 2,44,988 per kg, up Rs 1,745 from the previous close of Rs 2,43,243.
Rising crude oil prices, following the US move to impose wider sanctions on Iran, also raised concerns about inflation. Strong investment demand and continued gold buying by central banks, especially China’s central bank, further supported prices.
In global markets, gold was trading near $4,590 per ounce on Comex, while silver was around $69 per ounce. On MCX, gold futures were near Rs 1,59,700 per 10 grams and silver futures around Rs 2,44,600 per kg at the time of writing.
Gold and Silver Futures Open Higher Amid Volatility In Currency and Bond Markets.
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National News56 minutes agoGold and Silver Futures Open Higher Amid Volatility In Currency and Bond Markets.
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