Gold Market
Original summaries of the reporting that moves the gold price, with every source linked.
Gold and silver futures edged higher on the MCX on Wednesday as market participants looked ahead to the US PCE inflation report for signals on the Federal Reserve's interest rate outlook.
Gold prices held steady as investors focused on upcoming US inflation data for clues on the Fed's interest rate path. Other precious metals edged higher amid global economic concerns.
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 jewellery prices exceed the value of the gold itself due to making charges, wastage, design complexity, labour, brand markups, and taxes.
Hallmarking is an independent verification of precious metal purity, but systems vary significantly between countries in marks, standards, and regulation.
A practical guide to verifying gold bars and coins using visual, physical, chemical, and electronic methods, plus hallmark recognition.
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 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 a four-month high after a 5% weekly gain, with traders focused on US PCE inflation data and Fed Chair Warsh's speech at Jackson Hole for policy clues.