Gold

Government raises gold, silver import duty to 15% amid West Asia crisis and forex pressure

The government has also increased customs duty on gold and silver imports to 15 per cent and raised platinum import duty to 15.4 per cent as part of broader efforts to curb non-essential imports and manage forex pressure amid rising oil prices linked to the West Asia crisis.

4 hours ago

Gold, silver decline up to 2 pc amid profit-booking

Gold and silver prices declined on Thursday amid profit-booking following the government's decision to raise import duty on precious metals to 15 per cent.

12 hours ago

India raises gold, silver import duty to 15% amid West Asia crisis and forex concerns

The Centre has raised import duties on gold and silver to 15% from 6% to curb rising imports and ease pressure on India's forex reserves amid the West Asia crisis. The move follows PM Narendra Modi's call to reduce gold purchases and fuel consumption.

1 day ago

Sensex tanks over 1300 points as Middle East tension intensifies

At the closing bell, the Nifty was down by 360.3 or 1.49 per cent at 23,815.85, and the Sensex ended 1312.91 points or 1.70 per cent lower at 76,015.28.

3 days ago

Titan, Kalyan Jewellers plunge up to 12 pc after PM Modi's appeal; gold slips amid rising West Asia tensions, silver gains

Gold futures fell over 0.4 per cent during early trade, while silver futures gained modestly. Analysts attributed the pressure on gold to a stronger dollar and uncertainty after US President Donald Trump rejected Iran's response to a US-backed peace proposal.

3 days ago

Gold and silver prices hit record high this week amid global uncertainty

Gold, silver rally up to 1 pc as West Asia tensions escalate

Gold and silver prices surged on Friday as escalating tensions between the US and Iran boosted safe-haven demand. On the MCX, gold climbed above Rs 1.52 lakh per 10 grams while silver crossed Rs 2.61 lakh per kg, gaining up to 1 per cent during the session.

6 days ago

Gold and silver surge up to 1 pc amid geopolitical uncertainty

Gold and silver prices surged up to 1 per cent on Thursday amid rising crude oil prices and continued uncertainty over the US-Iran peace talks. On the MCX, gold futures climbed to Rs 1,52,887 per 10 grams, while silver futures rose sharply to Rs 2,57,055 per kg during intraday trade.

7 days ago

Gold, silver prices gain up to 3 pc on weak dollar, oil prices

Gold and silver prices surged up to 3 per cent on Wednesday amid weakness in the dollar index and falling oil prices. On the MCX, gold futures rose nearly 1.8 per cent to around Rs 1,52,400 per 10 grams, while silver futures jumped over 3 per cent to Rs 2,51,699 per kg.

8 days ago

Gold and silver prices slide as Trump signals easing US-Iran tensions

Gold and silver prices declined on Monday as easing geopolitical tensions between the United States and Iran reduced safe-haven demand. The drop followed remarks by Donald Trump signalling efforts to stabilise the situation, including the launch of "Project Freedom" to assist ships stranded in the Strait of Hormuz.

10 days ago

Gold dips 0.81 pc this week over waning hopes of Fed rate cuts

Gold prices declined 0.81% this week as fading hopes of US Federal Reserve rate cuts and stalled US–Iran negotiations weighed on sentiment. Higher US inflation and rising energy costs signalled that interest rates may remain elevated, putting pressure on non-yielding assets like gold.

12 days ago