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Gold price today: Gold prices remain flat around Rs 76,650/ 10 g, silver at Rs 97,260/kg
Gold prices remained steady on Saturday, with gold at Rs 76,650/10 grams and silver hovering around Rs 97,260/kg. MCX April futures saw gold at Rs 85,820/10 grams, while silver May futures closed at Rs 97,280/kg. Key resistance levels and economic data keep affecting the gold market.
Gold Price Today: Yellow metal prices open at Rs 85,370/10 gm, rise by Rs 1,500/10 gm this week
Gold April futures rose Rs 1,500 this week, while silver May futures fell 0.26%. International markets remained steady ahead of US job data. A weaker dollar supported prices, but rising bond yields limited gains. Analysts predict volatility, with key gold and silver support levels at $2,860 and $32.20 per troy ounce, respectively.
Oil set for biggest weekly drop since October on tariff uncertainty, supply gains
Oil prices remained almost unchanged but faced their biggest weekly decline since October. Uncertainty around U.S. tariff policy has raised concerns about demand growth, while major producers are set to increase output. The fluctuating U.S. trade policy and an increase in output quotas by OPEC+ are affecting oil markets. Additionally, the U.S. is considering steps to halt Iranian oil exports.
Gold poised for weekly gain; US payrolls data on tap
Gold prices dipped slightly on Friday but are set for a weekly gain amid uncertainties surrounding U.S. President Trump's tariff decisions. Investors await key U.S. non-farm payrolls data. Bullion is up 1.6% this week, while U.S. jobless claims fell more than anticipated, indicating a stable labor market. Spotlight also on the Federal Reserve's rate decisions.
Falling global crude to soften inflation blow from weak rupee
India's central bank may have room for monetary easing due to the faster decline in global crude oil prices counterbalancing the rupee's fall against the US dollar. The falling price of Brent crude mitigates imported inflation risks, potentially easing consumer prices and supporting further rate cuts by monetary authorities.
Gold Price Today: Yellow metal witness volatility in uncertain environment, open at Rs 86,046/10gm
Gold traded volatile but opened higher, while silver gained amid weak US job data and a falling dollar index. MCX gold futures rose 0.25% to Rs 86,046, and silver climbed 0.36% to Rs 97,896/kg. Analysts predict continued volatility, with key support levels holding. Gold prices in major Indian cities varied, reflecting market fluctuations.
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Oil steadies after multi-day plunge but traders wary of tariff, supply impacts
Oil prices stabilized after recent declines due to potential easing of U.S. tariffs on Canadian crude. Investors remain cautious about ongoing tariffs on Mexico and the increased output from major producers. U.S. crude stockpiles rose significantly, while gasoline and distillate inventories fell amid higher exports.
Crude oil price falls to $70 per barrel. Emkay likes these stocks
The OPEC+ decision to reintroduce 2.2 million barrels per day (mbpd) of oil over next two years was "cautiously expected," yet still notable, as it represents 38% of the 5.9 mbpd in cumulative cuts made since 2022, according to the brokerage.
Oil falls as OPEC+ plans to raise output, U.S. tariffs hammer sentiment
Oil prices dropped for a third consecutive session as major producers plan to raise output in April, amidst concerns that U.S. tariffs on Canada, Mexico, and China will hamper economic growth and fuel demand. Brent futures fell to $70.89 a barrel and U.S. West Texas Intermediate dipped to $67.86.
Gold slips as Treasury yields climb; Trump tariff moves on radar
Gold prices fell slightly on Wednesday, influenced by rising U.S. Treasury yields and concerns over the impact of President Trump's tariffs on inflation and global trade. The tariffs have led to trade tensions with China and Canada, prompting retaliatory measures. Investors are closely watching economic data and Federal Reserve's monetary policy decisions for further direction.
Gold Price Today: Yellow metal rises by Rs 1,300/10 gm in 2 days amid global trade war uncertainties
Gold and silver prices rose amid safe-haven demand due to escalating trade war concerns. Gold April futures traded at Rs 85,513/10g, while silver March futures stood at Rs 94,484/kg. Analysts expect volatility as US tariffs take effect and dollar index fluctuates. Indian and Chinese demand remains subdued due to high prices.
Oil prices slide on Ukraine aid pause, tariffs and OPEC+ output increase
Oil prices fell further due to the U.S. pausing military aid to Ukraine and pending tariffs on Canada, Mexico, and China. The market sees potential sanctions relief for Russia potentially easing supply constraints. Meanwhile, the OPEC+ plan to increase oil production adds to downward pressure on prices.
Gold holds steady with all eyes on Trump's tariff plans
Gold prices remained steady as investors worried that President Trump's tariffs on Canada and Mexico could spur inflation and impede economic growth. Markets are now focused on upcoming U.S. economic data, including the ADP employment report and the non-farm payrolls report, for clues on the Federal Reserve's interest rate trajectory.
Gold Price Today: Gold prices fall by Rs 1,700/10 gm in a week, witness profit booking amid global uncertainties
Gold prices have seen significant profit booking in the past week, with April futures on MCX dropping to an intraday low of Rs 84,511 per 10 grams. Meanwhile, silver March futures fell to Rs 93,375 per kilogram. Market sentiments have been hurt by the U.S. President's announcement of new trade tariffs.
Oil recovers as upbeat Chinese manufacturing data increases some optimism
Oil prices increased, supported by positive manufacturing data from China and the hope of improved fuel demand. Brent crude and U.S. West Texas Intermediate crude saw gains. However, potential U.S. tariffs on Chinese exports added uncertainty. Rising concerns over attacks on Russian refineries and international oil firms' hesitation in Iraq's Kurdistan region also impacted market sentiment.
Gold gains on softer dollar, mounting Trump tariff concerns
Gold prices increased on Monday boosted by a weaker U.S. dollar and concerns of a global trade war due to President Trump's tariffs. U.S. gold futures also rose. A falling dollar made gold cheaper for holders of other currencies. Traders expect the Federal Reserve to delay interest rate cuts. Platinum, palladium, and silver prices also saw gains.
