Gold futures on the Multi Commodity Exchange (MCX) surged by ₹3,698, or 2.7%, over the past week, reaching a record high of ₹1,43,590 per 10 grams on Wednesday. The rally comes amid growing expectations of US Federal Reserve policy easing and rising safe-haven demand.Silver also witnessed a sharp rally, jumping…
Tag: #GoldPrice
News
Gold, Silver Rates Today: Dollar Strength Hits Prices
Gold and silver prices fell in both domestic and international markets on Friday after the US dollar hit a six-week high, following unexpectedly strong US weekly jobless claims. Spot gold dropped 0.29% to $4,602.43 per ounce, while spot silver declined 0.8% to $91.6861 per ounce. Meanwhile, MCX gold touched ₹1,43,483…
News
BRICS Gold Dominance Challenges US Dollar’s Global Influence
BRICS nations are quietly reshaping the global financial landscape by strengthening their grip on gold reserves and reducing long-term dependence on the US dollar. While official data shows BRICS members holding around 20% of global gold reserves, the bloc and its closely aligned partners now account for nearly 50% of…
News
Gold Shines, Jewellery Stocks Sink: Why It Happened
Jewellery stocks on Dalal Street have sharply underperformed gold prices over the past year, raising concerns among investors. While gold prices have surged over 70% year-on-year, most listed jewellery companies have seen steep declines, with several stocks crashing between 30% and 45%. The divergence highlights a crucial market reality: soaring…