Geopolitical unrest continues to increase creating a strong floor for safe haven assets. France's government collapsed and the Syriya crisis and calls for the impeachment of South Korean President Yoon Suk-Yeol grew after he unsuccessfully attempted to impose martial law in the country.
Over the past week, the price fluctuation for 24-carat gold was recorded at 0.42 per cent, while the change over the last month stood at 0.99 per cent. Scroll down to check the latest city-wise gold prices in India.
The minor decrease in gold prices indicated continued market adjustments following a period of steady growth. Over the past week, the price fluctuation for 24-carat gold had remained stable.
Gold's robust performance comes amidst global financial trends and local market conditions that continue to support its value, solidifying its status as a key asset in both investment portfolios and personal wealth preservation strategies.
Gold prices saw a significant rise on Friday, with both domestic futures and global prices gaining amid recent volatility.
Gold prices on November 28: Despite the daily rise, the week-long trend for 24-carat gold reveals a slight dip of 0.74 per cent, indicating recent fluctuations in the bullion market. Scroll down to check city-wise gold prices in India.
Gold prices on November 27: The steady price of gold offers some respite amid the usual fluctuations in the gold market, allowing both retail and wholesale buyers to make informed decisions. Scroll down to check city-wise gold prices in India.
Gyanvapi case: Following a July 2023 order of the district court, the ASI carried out a scientific survey of the Gyanvapi premises, located next to the Kashi Vishwanath temple in Varanasi, to determine whether the mosque was constructed over a pre-existing structure of a Hindu temple.
In the last six trading sessions, silver prices have zoomed by Rs 10,000 per kg. Gold increased by Rs 2,850 per 10 grams since October 16.
Gold prices plummeted by Rs 5,000 per 10 grams following the government's budget announcement to reduce the basic customs duty on gold. This 7% drop is expected to benefit the organized jewellery sector and curb smuggling, encouraging more investments in gold.
Gold and silver prices on May 29: Gold and silver prices on May 29: Both gold and silver witnessed a hike today. Check the latest rates in your city.
Raisi's untimely death has prompted speculation on global markets as Iran is a major oil-producing country. However, experts believe his death won't have a significantly debilitating effect as all state matters are controlled by Iran's Supreme Leader Ayatollah Ali Khamenei.
Gold rates in India saw a slight increase on Friday, coinciding with the celebration of Akshaya Tritiya. In Delhi, 10 grams of 24-carat gold was priced at Rs. 73,240 today, while on the Multi Commodity Exchange (MCX), gold contracts for June delivery traded higher by Rs 93 at Rs 73,090 per 10 grams.
Along with India, the global demand for gold has also gone up. For March quarter, the demand witnessed a spike of 3 per cent to 1,238 tonnes making January-March 2024, the strongest quarter after 2016.
Indian gold futures also hit a record high on Monday and squeezed demand in the world's second-biggest consumer of the metal, said dealers. Gold prices across the world have been boosted due to growing rate-cut expectations, central bank purchases and geopolitical tensions.
Gold prices saw a minor decrease in prices with 24 carat gold at Rs 61,200 and 22 carat gold at Rs 56,100.
Gold prices saw a big surge with 24 carat gold crossing Rs 61,000 and 22 carat gold crossing Rs 56,000.
Gold prices after witnessing successive drops have surged by Rs 300 for 22 carat gold and Rs 330 for 24 carat gold.
Gold prices see successive drops in its prices after hitting a high of Rs 61,000, last week.
Currently, the 24 carat gold (10 grams) is priced at Rs 60,860 while 22 carat gold (10 grams) is at Rs 55,790. Pure gold and standard gold both decreased by Rs 10 in the last 24 hours.
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