Gold prices are hitting record highs, making your old jewelry a serious investment! Find out why!
In the latest market developments, gold prices are shining brighter than ever! The MCX gold rate recently skyrocketed to an all-time high of ₹83,300 per 10 grams, fueled by a mix of global economic shifts and safe-haven buying. Investors are flocking to gold like it's a blockbuster bollywood movie. But what’s really driving this golden frenzy? It seems to be the interplay between the often unpredictable US dollar rates and geopolitical tensions, especially concerning trade tariffs and their implications on world trade. So, is it time for you to dig out your grandmother’s old gold jewelry and flaunt it like a runway model?
As if that wasn’t enough, the rising demand from jewelers has been adding to the glittering prices, with many buyers opting for gold as a hedge against economic uncertainty. Market analysts predict that upcoming US economic data, including employment reports, will continue to drive fluctuations in prices. Investors are essentially grasping at any sign that might suggest a change in the economy, just like a child trying to grab a piñata at a birthday party!
Interestingly, recent reports indicate a significant surge in gold loans from banks, which have jumped by an astonishing 68% in the first nine months of FY25! People are using their jewelry as collateral more than ever, basically saying, "Hey, my necklace can be my golden ticket to cash!" With prices soaring, it seems like investors not only want to invest in gold but are redefining their relationship with it. Who thought that your old bangles could turn into cash cows?
Now, let’s not gloss over how gold is captivating not just wallets but also hearts! The allure of gold doesn’t seem to fade; instead, it rises, peaking interest in investments and loans alike. Curious fact? Did you know that during times of economic decline, gold has historically proven to be a solid investment? So, while you debate whether your jewelry box should double as a vault, it’s safe to say that gold is still very much in vogue! Here’s hoping your relatives don’t come to claim their antique jewelry for devious cash loans!
And here's a fun little tidbit: Did you know that gold is so malleable that one ounce can be stretched into a wire that's 50 miles long? Talk about a golden thread running through the fabric of history! So, as you sit there contemplating your golden future, remember, investing in gold is not just about making money; it’s about becoming part of a rich legacy!
Gold rate today: Following the profit-booking in US dollar rates, MCX gold rate today hit a new peak of ₹82815 per 10 gm.
Market experts anticipate further price fluctuations driven by upcoming US economic data. The ADP employment report on Wednesday (February 5) and non-farm ...
Spot gold rose 0.6% to $2816.53/ounce ( ₹78908/10g) by 09:38 AM ET, after hitting a record high of $2818.58 ( ₹78965/10g) earlier.
U.S. gold futures fell 0.2% to $2,852.70. U.S. President Donald Trump suspended tariffs on Mexico and Canada on Monday, agreeing to a 30-day pause in return for ...
Gold prices jumped Rs 400 to hit a fresh record high of Rs 85300 per 10 grams in the national capital on Monday on the back of continued demand by jewellers ...
Gold prices hit an all-time high on Monday, bolstered by safe-haven inflows after U.S. President Donald Trump's tariffs on Canada, China and Mexico added to ...
Check today's gold and silver prices in major Indian cities, from Mumbai to Chennai. Stay updated on investment trends!
Gold prices hit an all-time high on Monday, bolstered by safe-haven inflows after U.S. President Donald Trump's tariffs on Canada, China and Mexico added to ...
Gold price in India stood at Rs 83350 per 10 grams as of 7:45 a.m. on Feb. 4, according to the India Bullion Association. The prices saw nearly Rs 1000 ...
Gold price today: MCX gold rate today witnessed some selling pressure in early morning deals following US dollar retreat from the two-year high.
Gold Rate And Silver Price Today on February 4, 2025:10 grams of 24 carat gold price was at Rs.84213.0 in Delhi whereas 1 kg of silver rate was Rs.102500.0 ...
Gold prices firmed on Tuesday, holding near a record peak hit in the previous session, as lingering U.S. tariffs on China and inflation concerns boosted ...
Today Gold Rate: The price of 10 gm of 24 carat gold is Rs. 84213.0/10 grams in Delhi, whereas 1 kg of silver is Rs. 102500.0/Kg in Delhi.
Gold Price and Silver Rate Today on February 4, 2025:10 grams of 24 carat gold was at Rs.84213.0 in Delhi whereas 1 kg of silver was Rs.102500.0 in Delhi.
Gold loans by commercial banks surged by 68% in the first nine months of FY25 due to rising gold prices. Non-bank lenders also saw a rise in gold loan ...
In Delhi markets, 24K gold prices dropped by ₹10 to ₹84190 per 10 grams, and 22K gold price stood at ₹77190. The 24K gold in Mumbai fell by ₹10 to ...
Gold prices remain near record highs as investors worry about potential inflation due to President Trump's tariffs on Canada, China, and Mexico.
Gold April futures opened flat at Rs 83253/10g, while silver March futures traded at Rs 94200/kg. Prices surged last week amid global uncertainty.
Crude prices fell on Tuesday as U.S. tariffs on China took effect and Beijing retaliated with its own measures, heightening trade war fears, while U.S. ...
On February 4, 2025, 24-carat gold (10 grams) is priced at Rs 85200 while 22-carat gold (10 grams) costs Rs 78100.
The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 78110.
Gold rate in Mumbai was trading marginally higher at Rs 85210 per 10 grams for 24 carats, while the price for 22 carat was up at Rs 78110 per 10 grams.
The U.S. is witnessing a surge in gold imports from Dubai and Hong Kong due to high futures premiums over spot prices. China imposed retaliatory tariffs on U.S. ...
Gold prices hit all-time high on Wednesday, February 5, amid global uncertainties and strong investor demand. In India, gold breached the ₹85,000 per 10 ...
Gold price today: Gold rates reached new record highs in the domestic futures market, with MCX Gold April 4 contracts surpassing ₹84000 due to a declining ...
Gold April futures opened higher at Rs 84118 per 10g, while silver traded flat at Rs 95640/kg. Prices surged amid global uncertainty and trade war concerns.
Today Gold Rate: The price of 10 gm of 24 carat gold is Rs. 85383.0/10 grams in Delhi, whereas 1 kg of silver is Rs. 101500.0/Kg in Delhi.
Updated - February 05, 2025 at 10:11 AM. The surge follows China's implementation of tariffs on U.S. imports in retaliation for U.S. duties on Chinese goods. By ...
Gold Rate And Silver Price Today on February 5, 2025:10 grams of 24 carat gold price was at Rs.85383.0 in Delhi whereas 1 kg of silver rate was Rs.101500.0 ...
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Gold price | గడిచిన పది రోజుల నుంచి బంగారం ధరలు వరుసగా పెరుగుతూనే ఉన్నాయి. ఇవాళ కూడా పసిడి ధర పరుగులు తీస్తోంది.