No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, October 2, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Gold rallies Rs 1,910 to Rs 98,450/10 g amid global uncertainty

by TheAdviserMagazine
4 months ago
in Business
Reading Time: 2 mins read
A A
Gold rallies Rs 1,910 to Rs 98,450/10 g amid global uncertainty
Share on FacebookShare on TwitterShare on LInkedIn


Gold prices rebounded by Rs 1,910 to Rs 98,450 per 10 grams in the national capital as rising global uncertainties triggered a fresh wave of safe-haven buying. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 96,540 per 10 grams on Tuesday.

Gold of 99.5 per cent purity appreciated by Rs 1,870 to Rs 98,000 per 10 grams (inclusive of all taxes) on Wednesday from the previous day’s close of Rs 96,130 per 10 grams.

“A weak dollar supported gold prices. Investors are also evaluating sovereign risk after Moody’s downgraded the US credit rating due to fiscal deficit concerns,” Abans Financial Services’ Chief Executive Officer Chintan Mehta said.

The downgrade has heightened uncertainty around the long-term stability of US finances, prompting investors to seek safe-haven assets like gold, Mehta said.

In addition, silver prices climbed Rs 1,660 to Rs 99,160 per kg (inclusive of all taxes) on Wednesday. The white metal had finished at Rs 97,500 per kg in the previous market close.

Live Events

On the global front, spot gold rose USD 21.79 or 0.66 per cent to USD 3,311.76 per ounce. “Gold edged higher on Wednesday reclaiming the USD 3,300 level amid rising geopolitical tensions and US fiscal concerns,” Saumil Gandhi, Senior Research Analyst of Commodities at HDFC Securities, said. Meanwhile, investor jitters stemming from ongoing uncertainty regarding tariff policies and an upcoming crucial vote on President Donald Trump’s major tax reforms are leading to caution, with the US dollar weakening and gold rising, Gandhi added.

Kotak Securities’ AVP-Commodity Research Kaynat Chainwala said rising geopolitical tensions following reports of a potential Israeli strike on Iranian nuclear facilities supported gold prices.

Chainwala highlighted that speeches from US Federal Reserve officials will be closely watched by traders.



Source link

Tags: GlobalGoldRalliesUncertainty
ShareTweetShare
Previous Post

Elon Musk brushes off fears of Tesla’s demand problem and denies declining sales — ‘they’re fine, don’t worry about it’

Next Post

Sharkninja – SN: Kursfeuerwerk nach den Quartalszahlen – und nun?

Related Posts

edit post
The NFL is launching professional flag football leagues for both men and women, Commissioner Roger Goodell says

The NFL is launching professional flag football leagues for both men and women, Commissioner Roger Goodell says

by TheAdviserMagazine
October 2, 2025
0

The NFL is set to launch professional flag football leagues for both men and women within the next couple of...

edit post
Nuclear fusion was always 30 years away—now it’s a matter of when, not if, fusion comes online to power AI

Nuclear fusion was always 30 years away—now it’s a matter of when, not if, fusion comes online to power AI

by TheAdviserMagazine
October 2, 2025
0

The breakthrough scientific moment for fusion power—and the potential for nearly limitless electricity from a so-called star in a jar—came...

edit post
Expert breaks down the 2025 tax changes retirees should know

Expert breaks down the 2025 tax changes retirees should know

by TheAdviserMagazine
October 2, 2025
0

Listen and subscribe to Decoding Retirement on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. Retirees face a...

edit post
Biden’s Florida legacy: An economic boom, a magnet for immigrants and a solidly conservative red state

Biden’s Florida legacy: An economic boom, a magnet for immigrants and a solidly conservative red state

by TheAdviserMagazine
October 2, 2025
0

After Paola Freites was allowed into the U.S. in 2024, she and her husband settled in Florida, drawn by warm...

edit post
Suze Orman warns these 4 financial blunders will set you back in a major way

Suze Orman warns these 4 financial blunders will set you back in a major way

by TheAdviserMagazine
October 2, 2025
0

Taylor Hill / Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content...

edit post
Market trading guide: Buy Hindustan Zinc, Fortis Health and 2 more stocks for up to 9% gains – Stock Ideas

Market trading guide: Buy Hindustan Zinc, Fortis Health and 2 more stocks for up to 9% gains – Stock Ideas

by TheAdviserMagazine
October 2, 2025
0

India’s benchmark indices, the Nifty and Sensex, ended their eight-day losing streak, led by private banks, auto, and IT stocks....

Next Post
edit post
Sharkninja – SN: Kursfeuerwerk nach den Quartalszahlen – und nun?

Sharkninja – SN: Kursfeuerwerk nach den Quartalszahlen – und nun?

edit post
MDT Earnings: A snapshot of Medtronic’s Q4 2025 report

MDT Earnings: A snapshot of Medtronic’s Q4 2025 report

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
Who Needs a Trust Instead of a Will in North Carolina?

Who Needs a Trust Instead of a Will in North Carolina?

September 1, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Suze Orman warns these 4 financial blunders will set you back in a major way

Suze Orman warns these 4 financial blunders will set you back in a major way

0
edit post
Market Talk – October 2, 2025

Market Talk – October 2, 2025

0
edit post
Dogecoin Consolidates After Recent Rejection, But alt=

Dogecoin Consolidates After Recent Rejection, But $0.32 Retest Looks Inevitable

0
edit post
Why Search For Property Owners First? Here’s Five Reasons

Why Search For Property Owners First? Here’s Five Reasons

0
edit post
Could bitcoin and crypto be headed for an end-of-year rally?

Could bitcoin and crypto be headed for an end-of-year rally?

0
edit post
Deutsche Bank – DBK: Neuer CFO kommt von Morgan Stanley!

Deutsche Bank – DBK: Neuer CFO kommt von Morgan Stanley!

0
edit post
Dogecoin Consolidates After Recent Rejection, But alt=

Dogecoin Consolidates After Recent Rejection, But $0.32 Retest Looks Inevitable

October 2, 2025
edit post
Deutsche Bank – DBK: Neuer CFO kommt von Morgan Stanley!

Deutsche Bank – DBK: Neuer CFO kommt von Morgan Stanley!

October 2, 2025
edit post
Market Talk – October 2, 2025

Market Talk – October 2, 2025

October 2, 2025
edit post
The NFL is launching professional flag football leagues for both men and women, Commissioner Roger Goodell says

The NFL is launching professional flag football leagues for both men and women, Commissioner Roger Goodell says

October 2, 2025
edit post
Why Search For Property Owners First? Here’s Five Reasons

Why Search For Property Owners First? Here’s Five Reasons

October 2, 2025
edit post
Bitcoin ETFs Soar With 6 Million Inflow as Ether ETFs Add  Million

Bitcoin ETFs Soar With $676 Million Inflow as Ether ETFs Add $81 Million

October 2, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Dogecoin Consolidates After Recent Rejection, But $0.32 Retest Looks Inevitable
  • Deutsche Bank – DBK: Neuer CFO kommt von Morgan Stanley!
  • Market Talk – October 2, 2025
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.