Gold prices declined to their lowest levels in over a week on Wednesday, weighed down by a stronger U.S. dollar and rising Treasury yields

Gold prices climbed further on Wednesday, edging closer to record highs, as investors sought safety following U.S. President Donald Trump’s announcement of sweeping tariff measures. The move, which escalates ongoing trade tensions, drove strong inflows into the precious metal

Titan Company, one of India's leading jewellers and the owner of Tanishq and CaratLane, anticipates higher costs for leasing gold from bullion banks as supply dwindles. The company attributes this trend to bullion banks redirecting gold shipments to the U.S. for better profits, creating supply constraints elsewhere

Gold and silver prices experienced a sharp decline on Monday, driven by growing economic concerns and a global market sell-off. The precious metals, which had recently reached new highs, are now grappling with volatility as investors react to weakening economic data and recession fears

The gold market experienced a significant uptick in prices on May 10, propelled by a combination of factors including a declining US dollar and heightened domestic demand

On Friday (April 26), the precious metal saw a modest uptick of 0.1%, reaching $2,334.57 per ounce, while US gold futures edged up by 0.2% to $2,346.70

The precious metals market observed a notable downturn as both gold and silver prices experienced a dip on the Multi Commodity Exchange (MCX)

Gold prices are soaring, and instead of causing demand to slow down, the opposite is happening, as it does often, when it comes to gold sales in India, discovers R Sugandha

The Dubai Gold & Commodities Exchange (“DGCX”), the largest and most diversified derivatives exchange in the Middle East, has announced that it is waiving fees for its Shari’ah Compliant Spot Gold Contract (contract symbol: “DGSG”).

The country imported 14.6 tonnes of gold in January 2023, down from 61.5 tonnes in January 2022. The lower demand for gold has affected not only India's import figures but also global gold prices, which fell on the news of India's reduced imports.

However, local gold futures fell to INR 49,572 per 10 grams in May, the lowest in nearly three months

Indian official imports have continued to grow despite high import duty, averaging 760t since the first duty hike in 2012

Dealers were charging a premium of up to $2 an ounce over official domestic prices, inclusive of 10.75% import and 3% sales levies, compared to last week's $3 premiums

Building on the positive trend in April, precious metals closed on a healthy note in May