Gold Price Today At Rs 76,140, Global Rates Slip Further To $2,626
Gold price today stood at Rs 76,140 as of 7:00 a.m., according to the India Bullion Association. The prices have slightly recovered from the decline in prices that the commodity saw through the week. There has been a marginal recovery of Rs 720 from Wednesday's prices. The price chart of the yellow metal has been wonky during November. A slip in demand post festive season had caused a sharp decline, before the prices were pushed up by geo-political conflicts.
Gold price has been volatile as the global markets have led the domestic market prices. The global price has seen much movement as events like the US election results and geo-political conflicts have had direct impact on rates.
Domestic markets have followed suit and seen some volatility in prices. Demand during the festive season had pushed the prices into a rally, hitting Rs 81,500 during November. The prices soon saw a slump, dipping as low as Rs 74,390, mirroring record lows. The slump was also sustained by the preference of equities over the safe-play investment. This changed when the Russia-Ukraine conflict flared up, bringing a rebound in the rates.
The futures prices for Dec. 5 stood at Rs 75,751, according to the Multi Commodity Exchange.
Global Prices
The global rates for the commodity stood at $2,626, according to the World Gold Council. There was a significant slip in prices as the demand has been reduced due to de-escalating global conflicts.
Price of the yellow metal dropped as low as $2,610 this week, according to WGC. A stronger dollar and the lack of further advancements in geo-political conflicts have pushed the demand for the commodity lower.
Silver PricesÂ
Silver prices stood at Rs 88,100 as of 7:00 a.m., according to the India Bullion Association. The futures prices of the commodity stood at Rs 87,649, according to the MCX.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
