Thursday, July 10, 2025

Creating liberating content

Asian stock markets mostly advanced on Thursday, supported by hopes

MUMBAI: Another large-size IPO is being planned in the current

Related News

Asian stock markets mostly advanced on Thursday, supported by hopes that global leaders will reach agreements to ease the impact of US President Donald Trump’s new wave of tariffs. Despite

Bitcoin surged to a new all-time high on Wednesday, driven by growing investor appetite and strong institutional demand as more traditional financial firms adopt the cryptocurrency.Bitcoin touched $111,988.90 before settling

Some sarcomas develop deep inside the body, such as in the abdomen or chest. These may not cause lumps you can feel, but can cause other symptoms like: Abdominal pain

MUMBAI: Another large-size IPO is being planned in the current year. Prudential Corp of UK, the joint venture partner of ICICI Bank in ICICI Prudential Asset Management, is selling 10%

Piyush Goyal (File photo) New Delhi: Commerce and industry minister Piyush Goyal said on Wednesday that free trade agreements (FTAs) will help domestic farmers with greater market access in. Australia,

Image used for representative purposes NEW DELHI: Manipal Hospitals announced on Wednesday that it signed definitive agreements to acquire Sahyadri Hospitals from Ontario Teachers’ Pension Plan (Ontario Teachers’), a global

Trending News

Asian stock markets mostly advanced on Thursday, supported by hopes that global leaders will reach agreements to ease the impact of US President Donald Trump’s new wave of tariffs. Despite

Bitcoin surged to a new all-time high on Wednesday, driven by growing investor appetite and strong institutional demand as more traditional financial firms adopt the cryptocurrency.Bitcoin touched $111,988.90 before settling

MUMBAI: Another large-size IPO is being planned in the current year. Prudential Corp of UK, the joint venture partner of ICICI Bank in ICICI Prudential Asset Management, is selling 10%

Image used for representative purposes NEW DELHI: Manipal Hospitals announced on Wednesday that it signed definitive agreements to acquire Sahyadri Hospitals from Ontario Teachers’ Pension Plan (Ontario Teachers’), a global

Nvidia became the first company in history to achieve a $4-trillion market valuation, cementing its status as a kingpin in the global financial market.Shares jumped 2.8% to $164 on Wednesday

MUMBAI: The proposed 50% import duty on copper by US President Donald Trump is expected to have minimal impact on India due to its limited exports to America. Hindalco, the

Gold hits record high! Precious metal crosses Rs 91,000 as investors seek safe-haven amid Israel-Hamas tensions

Word Count: 730 | Estimated Reading Time: 4 minutes


Gold hits record high! Precious metal crosses Rs 91,000 as investors seek safe-haven amid Israel-Hamas tensions

Gold prices surged by Rs 500, reaching a record high of Rs 91,250 per 10 grams in the national capital on Tuesday. This increase was driven by continued buying from stockists and retailers, coupled with strong trends in international markets, according to the All India Sarafa Association.
On Monday, gold with 99.9% purity had already climbed by Rs 1,300, setting a new peak of Rs 90,750 per 10 grams. Meanwhile, gold with 99.5% purity gained Rs 450, reaching a lifetime high of Rs 90,800 per 10 grams, up from Rs 90,350 the previous day.
“Gold continued its rally on Tuesday, hitting new highs both in domestic and international markets,” Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities told news agency PTI.
He explained that gold remains an attractive safe-haven asset amid ongoing uncertainties surrounding US President Donald Trump’s policies, fears of a US recession, and geopolitical tensions.
The recent weak US economic data has also fuelled expectations of multiple interest rate cuts by the US Federal Reserve this year supporting the appeal of gold as a non-yielding asset, Gandhi added.
In contrast, silver prices remained steady at Rs 1,02,500 per kg, also touching historic high.
Gold futures also saw a jump of Rs 649, or 0.73%, reaching a new peak of Rs 88,672 in afternoon trading on the Multi Commodity Exchange (MCX).
“Gold’s upward momentum continues in the MCX market, driven by heightened geopolitical tensions, particularly US strikes on Yemen’s Houthis, and instability in the Middle East,” said Jateen Trivedi, VP of Research at LKP Securities.
He also noted that China’s economic stimulus plans have further fuelled demand for gold as a safe-haven asset.
On the global front, spot gold hit a new record of USD 3,028.49 per ounce, while Comex gold futures rose to a fresh high of USD 3,037.26 per ounce.
“Gold prices have reached an all-time high due to growing recession fears in the US, with investors waiting for further direction from the Federal Reserve on its policy decisions,” said Chintan Mehta, CEO of Abans Financial Services Ltd.
According to Kaynat Chainwala, AVP-Commodity Research at Kotak Securities, gold prices this week will also be influenced by the upcoming Federal Reserve policy meeting, with investors hoping for clarity on future monetary policy in light of rising economic concerns.
Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account