Business 

Gold prices up Rs 96 to Rs 48,222/10 gm on safe-haven ; Silver corrects Rs 810 a kg

By Administrator_ India Capital Sands Gold prices jumped by Rs 96 to Rs 48,222 per 10 gram in the Mumbai retail market on positive global cues and renewed risk aversion in global financial markets, however, the upside was capped by a sharp gain in the rupee. The surging cases of Delta variant of coronavirus and rising inflationary pressure gave safe-haven yellow metal a boost. The price of 10 gram, 22-carat gold in Mumbai was Rs 44,171 plus 3 percent GST, while 24-carat 10 gram stood at Rs 48,222 plus GST.…

Read More
Market 

Gold edges up on Delta virus threat, lower US bond yields

By Administrator_ India Capital Sands Gold prices edged higher on Monday, lifted by a retreat in U.S. Treasury yields and concerns that a surge in coronavirus cases could dampen global economic recovery, though an uptick in the dollar limited gains for the safe-haven metal. Spot gold was up 0.1% at $1,812.83 per ounce, as of 0243 GMT, after falling 1% in the previous session. U.S. gold futures eased 0.1% to $1,813.70. “Covid-driven risk aversion is driving Asian markets today after a weak finish on Wall Street on Friday,” said Jeffrey…

Read More
Commodity 

Gold Up, Looks to End Week With Third Consecutive Weekly Gain

By Administrator_India Capital Sands Gold was up on Friday morning in Asia and is set to end the week with its third consecutive weekly gain. A drop in U.S. Treasury yields also gave the safe-haven yellow metal a boost while the dollar, which usually moves inversely to gold, inched up on Friday but fell from three-month highs. Gold futures edged up 0.14% to $1802.75 by 12:53 AM ET (4:53 AM GMT), with prices rising 0.8% for the week to date. The European Central Bank set a new inflation target of 2% in the…

Read More
Business 

Gold prices modestly lower on sharp appreciation in rupee

By Administrator_ India Capital Sands Gold prices fell marginally by Rs 128 to Rs 47,459 per 10 gram at the Mumbai retail market on a sharp recovery in rupee and increased appetite for risky assets. The precious metal marginally rose in the global market on the decline in US dollar and Treasury yields. The rate of 10 gram 22-carat gold in Mumbai was Rs 43,472 plus 3 percent GST, while 24-carat 10 gram was Rs 47,459 plus GST. The 18-carat gold quoted at Rs 35,594 plus GST in the retail…

Read More
Gold Steady Near Four-Month High Amid Fed Inflation Comments Commodity 

Gold Steady Near Four-Month High Amid Fed Inflation Comments

By Administrator_ India Capital Sands Gold steadied near the highest level in more than four months as investors weighed comments by Federal Reserve officials who sought to soothe concerns about inflation. Governor Lael Brainard, Atlanta Fed President Raphael Bostic, and St. Louis’s James Bullard said they would not be surprised to see bottlenecks and supply shortages push prices up in coming months as the pandemic recedes and pent-up demand was unleashed, but much of those price gains should prove temporary. Gold is close to erasing this year’s decline as investors…

Read More
Gold Steady Near Four-Month High Amid Fed Inflation Comments Commodity 

Gold Down, as Mixed Economic Data Takes Shine off Yellow Metal

By Administrator_ India Capital Sands Gold was down on Friday morning in Asia, with investors digesting a slew of economic data as the month of April ends. Gold futures were up 0.12% to $1,766.15 by 11:11 PM ET (3:11 AM GMT). The U.S. GDP rose 6.4% quarter-on-quarter in the first quarter of 2021 and 553,000 initial jobless claims were filed over the past week, with government support such as money to mostly low-income households driving Thursday’s positive data. Investors also continue to monitor progress on a $1.8 trillion stimulus plan proposed by U.S. President Joe Biden…

Read More
Gold Steady Near Four-Month High Amid Fed Inflation Comments Commodity 

Gold rises on inflation worries after US stimulus approval

By Administrator_ India Capital Sands Gold prices gained on Monday as the passage of a U.S. stimulus bill stoked inflation risks, although a resultant bounce in Treasury yields kept gains in check. FUNDAMENTALS * Spot gold rose 0.3% to $1,732.02 per ounce by 0134 GMT, while U.S. gold futures for April delivery rose 0.7% to $1,730.90 per ounce. * Yields on benchmark 10-year notes held near their highest in more than a year on continued U.S. economic optimism after a $1.9 trillion recovery package was signed into law last week.…

Read More
Gold Commodity 

Gold Up Over Cautious Stimulus Hopes

By Administration_ India Capital Sands Gold futures inched up 0.01% at $1,870.50 by 10:47PM ET (3:47 AM GMT). U.S. President Donald Trump said on Tuesday that he may not sign a COVID-19 bill passed by both the House of Representatives and the Senate on Monday. He called the bill an unsuitable “disgrace,” but stopped short of threatening to veto the legislation. More countries continue to impose new travel restrictions to keep the new B.1.1.7 strain of the COVID-19 virus out. The Philippines banned all U.K. flights from Dec. 24 earlier in…

Read More
Corona Hits US Covid-19 

Gold shines on falling dollar, yields; pandemic cost concerns drag on shares

By Administrator_India Capital Sands   Gold scaled a new high on Wednesday as a weaker dollar and falling bond yields burnished its safe-haven appeal, while shares were mostly lower as investors baulked at the ballooning cost of the coronavirus pandemic. Risk assets such as equities have surged in recent months on massive policy stimulus from central banks and governments, but gold has also rallied in a sign of heightened uncertainty around the long-term effects of the global health crisis. Spot gold jumped to a record high of $2,030.72 per ounce…

Read More
Commodity Commodity Broker 

Gold Up Over Rising COVID-19 Cases and U.S.-China Tensions

By Administrator_India Capital Sands   Gold was up on Friday morning in Asia, amid a rising number of COViD-19 cases in China and the U.S. as well as rising U.S.-China tensions. Beijing reported 25 new COVID-19 cases on Thursday, with the number of cases linked to an outbreak in the Xinfadi market now standing at almost 200. Some U.S. states also reported a spike in cases. Meanwhile, U.S. President Trump also warned on Thursday that cutting ties with China remained a possibility a day after Secretary of State Mike Pompeo…

Read More