The yellow metal set to lose its glitter on China pausing gold buys, US strong labour market

Gold demand has also been boosted due to lower confidence in other investment options, such as real estate and equities, analysts say

Silver prices mainly rise due to fresh positions built up by participants on a positive domestic trend, say analysts

Bitcoin lags behind bonds, stocks and gold, signaling a possible slowdown in the crypto market

`Concessional customs duty under the India-UAE CEPA must be revised’

Apex banks’ confidence in the dollar low; high prices for the yellow metal may affect demand in India

Both investment options aim to provide returns that closely correspond to the performance of physical silver in domestic prices

The state has seen an increase in mineral revenue, with plans to explore new deposits through agencies like the Geological Survey of India. 

Aspect Global Ventures’ Aksha Mohit Kamboj appointed the national vice-president

The recent increase in import duty from 7.5 to 15 per cent has significantly impacted production costs

Traders may look to buy

The company’s digital platform can help users transact in the yellow metal

UIS dollar rose on safety bids after an attempted assassination of former US President Donald Trump, which raised his odds of winning

The report attributes this projection to the weakening US labour market, disinflation, and the Federal Reserve’s dovish pivot at the upcoming July FOMC meeting

Industry moots policy to bring transparency that can boost customer confidence

Traders can retain longs

Precious metals offer liquidity and act as hedges against economic instability, while real estate provides tangible assets with income-generating potentia

Telecom equipment faces hike in basic customs duty to 15 per cent

Import levy cut to 6% from 11%, AIDC pruned to 1%; move may curb smuggling

A drop in gold price can lead to increased jewellery demand, improving their revenue and profits Market experts believe the price of yellow metal could drop between ₹300 and ₹500 per gram going ahead

The precious metal’s brilliance lies not just in its physical form, but also in its adaptability to diverse investment strategies

No plan to stop the issuance of Sovereign Green Bonds, says a Senior official

Gold can rise to ₹75,000 if the facing resistance at ₹71,300 is breached and silver at ₹85,000, with potential gains if these levels are breached

Spot gold rose 0.14% to $2,446.83 per ounce, while US gold futures increased by 0.8% to $2,488.50. 

The Association for Gold Excellence and Standards will frame good practices to be followed by the entire value chain of the industry, including bullion, jewellery manufacturers and retailers

‘The code of conduct will be different for each segment of players across the value chain’

Window for redemption of SGBs issued between 2017 and 2020

Manufacturers have noted that in some cases, orders have reached levels not seen in several years, underscoring the strong buying interest among jewellery retailers and consumers alike

Merchants’ association urges Centre to review decision on mandatory hallmarking and HUIC certification for purifying old ornaments

Analysts attribute the fall in gold prices to weak global cues

Globally, silver was trading 0.46% lower at $28.22 per ounce in New York

The new locations will be in key markets across India, the GCC countries, and the USA, bringing the total number of showrooms worldwide to 375.

The rise was primarily driven by a drop in the US dollar and lower 10-year Treasury yields due to potential Federal Reserve rate cuts.

Sales up 20% during Ganesh Chathurthi, wedding demand could buoy demand for the precious metal further

Silver probing a barrier

Recent data reveals a significant increase in trading volume, with retail holdings growing 63 per cent year-on-year. 

A crisis accompanying the rate cut cycles had given the safe haven push for the yellow metal 

It serves multiple purposes as it acts as a hedge against inflation and provides stability during economic downturns

Gold has rallied nearly 30 per cent this year, hitting a series of record highs.

US Fed rate cut, weak dollar and rising geopolitical tension to aid the precious metal’s surge

Gold demand in India has remained robust, particularly following an initial surge after the import duty cut

Traders can retain the longs

The market now awaits US Fed meeting minutes, CPI data, and the RBI policy decision, which could impact the rupee and gold prices

Gold prices surged by ₹1,150 to ₹78,500 per 10 grams, while silver prices rose by ₹1,500 to reach ₹93,000 per kg

Digital gold can be easily converted to cash or physical gold, giving investors flexibility to trade without incurring heavy transaction costs or delays

US presidential polls uncertainty, jobless claims and new Israeli attack on Hamas add more glitter

Gold jewellery demand this Dhanteras is expected to be subdued due to a 5% surge in bullion prices, now at ₹77,410 per 10 grams

Retain the long positions 

Jewellery brands in India are devising newer strategies and refining their existing approaches to alleviate the impact of soaring gold prices

To improve security standards and ensure compliance with government regulations, all high-security safes are now mandated to carry an ISI mark