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Tech volatility weighs on global stocks; oil falls towards four-month low
Global stocks fell as Apple's price hikes rattled tech shares, while oil slid on easing supply fears and gold edged higher on a weaker US dollar
Gold, silver rates today: Comex gold extends rebound above $4,100; silver gains for second day as dollar weakens
Gold and silver prices increased for the second day, aided by a weaker US dollar. Gold rose to $4,111, despite continuing a decline, while silver reached $59.53. Both metals are on track for significant weekly losses as gold's June decline reaches 11%.
BEML bags additional order worth $5.35 million from West Asia; Here's where total order value stands
BEML wins an additional 5.35 million dollar West Asia export order, lifting contract value to 41.73 million dollars and total international orders to 112.35 million dollars
Hong Kong Dollar hits 10-month low as Fed view buoys greenback
Traders are watching whether the widening gap between Hong Kong and US interest rates will continue to fuel capital outflows and push the currency even closer to the weak end of its HK$7.75-HK$7.85 trading band.
COMEX gold falls amid hawkish Fed outlook, silver posts over 4% fall
Gold and silver prices slide as a stronger US dollar, Fed rate hike fears and West Asia tensions weigh on bullion, with key support levels now under threat.
Gold, silver rates today: Comex gold reclaims $4,000/oz; silver rebounds by $1/oz as US dollar softens
Gold and silver prices showed signs of recovery on June 25, lifting gold futures by $44. Despite this, gold remains down 8% in June, while silver fell to a seven-month low. US inflation impacts are leading to cautious optimism among investors.
Gold, silver: Domestic bullion rebounds, global market remains subdued
Gold and silver prices swung sharply on Thursday, recovering from steep early losses as bargain buying emerged despite pressure from a stronger dollar
INR settles higher as global crude oil prices continue to slide
The Indian rupee appreciated 16 paise to settle at 94.39 (provisional) against the US dollar on Thursday as global crude oil prices continued to slide. Positive sentiments in the domestic equity markets and a marginally weaker greenback further supported the local unit while FII outflows prevented sharper gains. At the interbank foreign exchange, the rupee opened at 94.30 against the dollar and traded in the range of 94.13-94.56. It settled at 94.39 (provisional), up 16 paise from the previous close. Indian shares gave up some early gains to end modestly higher on Thursday. Underlying sentiment remained underpinned somewhat as oil prices extended declines to levels seen before the Middle East conflict on signs of improving flows through the Strait of Hormuz, a key maritime route that handles around one-fifth of global oil supplies.
Gold demand remains weak despite sharp price correction, says IBJA's Surendra Mehta
Despite remaining bullish on gold and silver over the long term, India Bullion & Jewellers Association (IBJA) Secretary Surendra Mehta says a stronger US dollar and weak investment sentiment are weighing on precious metals. He also warns that silver import restrictions could tighten domestic supplies, even as buyers wait for lower prices before returning to the market.
Rupee Rises To 94.39 Per US Dollar As Lower Oil Prices Lift Sentiment
The rupee had appreciated 21 paise to settle at 94.55 against the US dollar on Wednesday.
Gold slips marginally in futures trade; silver rebounds on value buying
Gold futures on MCX edge lower on weak global cues and strong US dollar, while silver recovers on bargain buying, analysts see correction but say long term outlook for bullion stays positive
US dollar index consolidates around 13-month high, up 2.5% this month
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