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Latest News

Our Special Insights for the Week

22nd Oct 2024, Tuesday:
  • India Gold Price Rises Today
  • The price ofr Gold stood at 7,392.68 Indian Pupees (INR) per gram, up compared with the INR 7,351.75 it cost on Monday.
  • The price for Gold increased to INR 86,226.76 per tola from INR 85,749.41 per tola a day earlier.
21st Oct 2024, Monday:
  • Gold price sticks to gains near all-time peak, renewed USD buying caps gains
  • Gold price prolongs its upward trajectory and touches a fresh record high on Monday.
  • Major Central banks remain in rate-cut mode and continue to benefit the XAU/USD.
  • Middle East tensions and US political uncertainty further underpin the precious metal.
18th Oct 2024, Friday:
  • Gold price stands firm near record high, above $2,700 amid global monetary easing cycle
  • Gold price gains positive traction for the fourth successive day & jumps to a fresh all-time peak.
  • Major central banks remain in rate-cut mode and continue to benefit the non-yielding XAU/USD.
  • Middle East tensions and the US political uncertainty provide an additional boost to the commodity.
17th Oct 2024, Thursday:
  • Gold price sticks to modest intraday gains near record peak, bullish potential seems intact
  • Gold price challanges all-time peak and draws support from a combination of factors.
  • Expected rate cuts by major central banks and geopolitical risks boost the XAU/USD.
  • Bulls seem rather unaffected by the recent USD rally, to its highest level since August.
16th Oct 2024, Wednesday:
  • Gold price sticks to gains around $2,670 area, over one-week high amid softer risk tone
  • Gold price attracts some haven flows amid the risk off mood and Middle East tensions.
  • A Modest USD downtick further benefits the XAU/USD, through the upside seems limited.
  • Bets for smaller rate cuts by the Fed should limit the USD losses and cap the yellow metal.
15th Oct 2024, Tuesday:
  • Gold price remains depressed amid smller Fed rate cut bets; lacks follow through selling
  • Gold price ticks lower for the second straight day amid smaller Fed rate cut bets and a bullish USD.
  • Signs of a showdown in China - the biggest bullion consumer - further undermine the XAU/USD.
  • geopolitical risks could offer some support to the safe-heaven bullion and help limit the downside.
14th Oct 2024, Monday:
  • Gold price advances to over one-week high, seems poised to appreaciate further
  • Gold price reverses an Asian session dip and climbs to over a one-week top on Monday.
  • geopolitical risks and bets that the Fed will cut rates continue to underpin the XAU/USD.
  • Odds for a less aggressive Fed easing boost the USD and might cap gains for the commodity.

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