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Hans India
9 hours ago
- Business
- Hans India
Silver hits record Rs 1.15 lakh per kg, gold crosses Rs 1 lakh mark again
New Delhi: Gold and silver prices surged sharply on Wednesday, with both precious metals scaling new heights in the domestic market amid mixed global cues. While 24-carat gold breached the Rs 1 lakh mark per 10 grams again, silver touched a new all-time high of over Rs 1.15 lakh per kg. The price of 24-carat gold increased by Rs 1,025, from Rs 99,508 on Tuesday to Rs 1,00,533 per 10 grams, according to data published by the India Bullion and Jewellers Association (IBJA). The price of 22-carat gold also saw a notable rise, climbing to Rs 92,088 per 10 grams from Rs 91,149. Similarly, the price of 10 grams of 18-carat gold increased from Rs 74,631 to Rs 75,400. The price of silver increased by Rs 1,357, from Rs 1,14,493 a day earlier to Rs 1,15,850 per kg. Silver has increased by more than 34 per cent since January 1 this year, when it was priced at Rs 86,055 per kg. Meanwhile, in the futures market, gold and silver continued their upward trend. On the Multi Commodity Exchange (MCX), the gold contract for August 5 was trading 0.17 per cent higher at Rs 1,00,500. The silver contract for September 5 rose 0.58 per cent to Rs 1,16,323. Globally, however, trends were mixed. On COMEX, gold prices dipped slightly by 0.08 per cent to $3,441.10 an ounce, while silver rose 0.52 per cent to $39.76 an ounce. Experts noted that domestic gold prices remained range-bound near record levels, influenced by steady international gold rates and a stable rupee. Silver, on the other hand, continued its strong upward momentum both domestically and internationally. "Gold prices remained range-bound near higher levels, with MCX trading close to Rs 1,03,500, taking cues from COMEX gold, which held steady around $3,424. The rupee also stayed flat, limiting volatility in domestic gold prices," said Jateen Trivedi of LKP Securities. Investors now await key economic cues from upcoming US Manufacturing and Services PMI data. In the short term, gold is expected to trade within a range of Rs 99,000–Rs 1,01,500 on MCX, Trivedi said.
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Business Standard
12 hours ago
- Business
- Business Standard
Rupee closes near one-month low; ends 5 paise lower at 86.42/$
Indian Rupee closed near a one-month level on Wednesday, even as trade deals signed by the US gained pace ahead of the deadline. The domestic currency closed 5 paise lower at 86.42 against the dollar on Wednesday, according to Bloomberg. The rupee has witnessed nearly 0.94 per cent depreciation in the current calendar year. In the previous session, the rupee briefly recovered to 86.22 before slipping to a one-month low of 86.41 against the greenback. Rupee traded flat in a narrow range, with marginal movement against the dollar, Jateen Trivedi, VP research analyst - commodity and currency at LKP Securities, noted. The dollar index also remained steady around 97.40 as markets awaited further cues, he said. "Domestic capital markets gained, while Federal Reserve Chair Jerome Powell's recent speech kept the dollar range-bound. Attention now shifts to next week's U.S. interest rate decision, which will be a key directional trigger. Rupee is expected to trade within a range of 85.80–86.70," Trivedi said. On the tariffs front, the US President Donald Trump announced a trade deal, imposing a 15 per cent tariff on Japanese exports to the US. The Trump administration had also reached an agreement with the Philippines setting a 19 per cent tariff on their exports. Equity and currency markets in the Asia region rose after the deal announcement. Meanwhile, the dollar index, a measure of the greenback against a basket of six major currencies, was up 0.1 per cent higher at 97.39. Exporters are advised to hold off on booking, with a stop-loss at 86.25, as foreign portfolio investors (FPIs) continue to sell, analysts said. FPIs sold equities for the second straight day, worth ₹3,548.92 crore, taking the total outflows in July to ₹5826 crore. Importers, meanwhile, may consider buying on dips for near-term cash requirements, Anil Kumar Bhansali, head of treasury and executive director at Finrex Treasury Advisors LLP, said. "The currency is expected to trade within a narrow range today as markets await the Reserve Bank of India's sell/buy swap data for May, which will offer insight into short positions, along with the Real Effective Exchange Rate (REER) data for June 2025," Bhansali said.
The Print
a day ago
- Business
- The Print
Gold climbs to over Rs 1 lakh/10 g, silver rallies Rs 3,000 in Delhi
In the national capital, gold of 99.5 per cent purity appreciated by Rs 1,000 to Rs 99,550 per 10 grams (inclusive of all taxes) on Tuesday. It had closed at Rs 98,550 per 10 grams in the previous market close. The precious metal of 99.9 per cent purity soared four-week high of Rs 1,00,020 per 10 grams from the previous close of Rs 99,020 per 10 grams. Previously, gold traded at Rs 1 lakh per 10 grams level on June 19. New Delhi, Jul 22 (PTI) Gold prices climbed Rs 1,000 to regain the Rs 1 lakh per 10 grams level in the national capital on Tuesday due to strong buying by stockists, according to the All India Sarafa Association. In line with gold, silver prices too rallied by Rs 3,000 to Rs 1,14,000 per kilogram (inclusive of all taxes) on Tuesday. The white metal had ended at Rs 1,11,000 per kg on Monday. Meanwhile, spot gold slipped 0.28 per cent to trade at USD 3,387.42 per ounce in the global markets. 'Gold traded in a narrow and volatile range between USD 3,395 and USD 3,383 on Comex, reflecting a lack of fresh triggers from trade deals or major global developments,' Jateen Trivedi, VP Research Analyst – Commodity and Currency at LKP Securities, said. In the international markets, spot silver also declined by 0.11 per cent to USD 38.89 per ounce. 'Investors will closely monitor the US Federal Reserve Chair Jerome Powell and Governor Michelle Bowman's speech later in the day for guidance on the central bank's monetary policy stance,' Abans Financial Services' Chief Executive Officer Chintan Mehta said. According to Riya Singh, Research Analyst – Commodities and Currency at Emkay Global Financial Services, traders will track China's loan prime rate decision, and key US macroeconomic data releases, including PMI and durable goods orders, which could shift interest rate expectations and determine the next directional impulse for gold globally. PTI HG MR HG SHW This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
a day ago
- Business
- Time of India
Gold rate today: Yellow metal tops Rs 1 lakh/10g in Delhi as stockists step up buying; silver jumps Rs 3,000/kg
Gold rate today: Gold prices jumped Rs 1,000 on Tuesday to reclaim the Rs 1 lakh per 10 grams mark in the national capital amid strong buying by stockists, according to the All India Sarafa Association. The price of gold with 99.9% purity hit a four-week high of Rs 1,00,020 per 10 grams, up from the previous close of Rs 99,020. This is the first time gold has reached this level since June 19, PTI reported. Gold of 99.5% purity (inclusive of all taxes) also climbed Rs 1,000 to Rs 99,550 per 10 grams, up from Rs 98,550 in the previous session. Silver prices surged alongside gold, rising by Rs 3,000 to Rs 1,14,000 per kilogram (inclusive of all taxes), from Rs 1,11,000 per kg on Monday. Meanwhile, in the global markets, spot gold slipped 0.28 per cent to $3,387.42 per ounce. "Gold traded in a narrow and volatile range between $3,395 and $3,383 on Comex, reflecting a lack of fresh triggers from trade deals or major global developments," Jateen Trivedi, VP Research Analyst - Commodity and Currency at LKP Securities, said. Spot silver also declined 0.11 per cent to $38.89 per ounce. "Investors will closely monitor the US Federal Reserve Chair Jerome Powell and Governor Michelle Bowman's speech later in the day for guidance on the central bank's monetary policy stance," said Chintan Mehta, Chief Executive Officer of Abans Financial Services. According to Riya Singh, Research Analyst - Commodities and Currency at Emkay Global Financial Services, "Traders will track China's loan prime rate decision, and key US macroeconomic data releases, including PMI and durable goods orders, which could shift interest rate expectations and determine the next directional impulse for gold globally." Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
News18
a day ago
- Business
- News18
Gold climbs to over Rs 1 lakh/10 g, silver rallies Rs 3,000 in Delhi
Agency: Last Updated: July 22, 2025, 16:30 IST Representational image (Image: News18) New Delhi, Jul 22 (PTI) Gold prices climbed Rs 1,000 to regain the Rs 1 lakh per 10 grams level in the national capital on Tuesday due to strong buying by stockists, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity soared four-week high of Rs 1,00,020 per 10 grams from the previous close of Rs 99,020 per 10 grams. Previously, gold traded at Rs 1 lakh per 10 grams level on June 19. In the national capital, gold of 99.5 per cent purity appreciated by Rs 1,000 to Rs 99,550 per 10 grams (inclusive of all taxes) on Tuesday. It had closed at Rs 98,550 per 10 grams in the previous market close. In line with gold, silver prices too rallied by Rs 3,000 to Rs 1,14,000 per kilogram (inclusive of all taxes) on Tuesday. The white metal had ended at Rs 1,11,000 per kg on Monday. Meanwhile, spot gold slipped 0.28 per cent to trade at USD 3,387.42 per ounce in the global markets. 'Gold traded in a narrow and volatile range between USD 3,395 and USD 3,383 on Comex, reflecting a lack of fresh triggers from trade deals or major global developments," Jateen Trivedi, VP Research Analyst – Commodity and Currency at LKP Securities, said. In the international markets, spot silver also declined by 0.11 per cent to USD 38.89 per ounce. Swipe Left For Next Video View all 'Investors will closely monitor the US Federal Reserve Chair Jerome Powell and Governor Michelle Bowman's speech later in the day for guidance on the central bank's monetary policy stance," Abans Financial Services' Chief Executive Officer Chintan Mehta said. According to Riya Singh, Research Analyst – Commodities and Currency at Emkay Global Financial Services, traders will track China's loan prime rate decision, and key US macroeconomic data releases, including PMI and durable goods orders, which could shift interest rate expectations and determine the next directional impulse for gold globally. PTI HG MR HG SHW (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments News agency-feeds Gold climbs to over Rs 1 lakh/10 g, silver rallies Rs 3,000 in Delhi Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
