Gold rallies 15% in August as ETF inflows and central bank buying boost bullion
Gold has rallied 15% in August, supported by renewed ETF inflows, strong central bank buying, US rate expectations, Treasury buybacks and a weaker dollar.
Gold Market
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Daily movements in the gold market and what is driving them.
Vedanta deploys portable rigs for gold and critical mineral exploration in Chhattisgarh
Vedanta has deployed portable drilling rigs at two exploration projects in Chhattisgarh, targeting gold and critical minerals such as nickel, chromium, and platinum group elements. The rigs can drill up to 1,000 metres, well beyond the typical 300-400 metre range.
Gold futures edge lower on MCX, dip ₹120 to ₹1,63,109 per 10 grams
Gold futures on the MCX slipped ₹120 to ₹1,63,109 per 10 grams on Tuesday as spot demand weakened. Global benchmarks also fell.
Gold Holds Near Three-Month High as Treasury Moves and Jackson Hole in Focus
Gold traded near $4,676 an ounce, up 7% in four sessions, as US Treasury buybacks weakened the dollar. Investors await Fed chair Kevin Warsh at Jackson Hole, while trade tensions add to safe-haven demand.
Gold and silver open lower on MCX as markets eye US inflation data and Jackson Hole speech
Gold and silver prices opened lower on the MCX on Tuesday, pausing a rally, as markets turned cautious ahead of US inflation data and a speech by Fed Chair Kevin Warsh at Jackson Hole.
Gold advances to three-month high after US sanctions on Iran-linked entities
Gold rose to a three-month high of $4,681 on Monday after US Treasury sanctions on Iran-linked entities. ETF inflows jumped. Focus turns to Fed Chair Warsh's speech at Jackson Hole.
Gold extends winning streak as Asian stocks slip on tech caution
Gold prices advanced for a fifth straight session as Asian equities declined, mirroring a technology-led selloff on Wall Street. Markets await Nvidia earnings and Fed guidance.
Gold breakout sustains upward momentum, Societe Generale says
Societe Generale says gold has broken out of a small base formation and reclaimed its 200-day moving average, extending a rebound. Key support is near $4,510, with hurdles at $4,730/$4,770 and $4,890.
Gold futures climb ₹1,283 to ₹1.63 lakh per 10 grams on MCX
Gold futures on the MCX rose ₹1,283 to ₹1,63,721 per 10 grams for October delivery, driven by fresh positions and firm spot demand. Globally, gold gained 0.99% to $4,648.78 per ounce.