No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, October 8, 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 surges Rs 1,800 to Rs 1.15 lakh/10 g in Delhi on weak dollar, Fed easing bets

by TheAdviserMagazine
3 weeks ago
in Business
Reading Time: 3 mins read
A A
Gold surges Rs 1,800 to Rs 1.15 lakh/10 g in Delhi on weak dollar, Fed easing bets
Share on FacebookShare on TwitterShare on LInkedIn


Gold price surged Rs 1,800 to touch a fresh peak of Rs 1,15,100 per 10 grams in the national capital on Tuesday amid a weak US dollar and growing expectations of rate cut by the Federal Reserve.

According to the All India Sarafa Association, the precious metal of 99.5 per cent purity appreciated Rs 1,800 to hit a record high of Rs 1,14,600 per 10 grams (inclusive of all taxes).

In the local bullion market, gold of 99.9 per cent and 99.5 per cent purity dipped Rs 500 each to close at Rs 1,13,300 and Rs 1,12,800 per 10 grams in the previous market session.

“Gold reached another record high on Tuesday with a weak US dollar and growing expectations for multiple rate cuts by the Federal Reserve fuel this rally. The dollar index has dropped to its lowest level in ten weeks, which continues to support the rally in precious metal prices,” said Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities.

In addition, silver climbed Rs 570 to hit an all-time high of Rs 1,32,870 per kilogram (inclusive of all taxes) on Tuesday. The white metal had ended at Rs 1,32,300 per kg on Monday.

Live Events

“The rally has been further fuelled by US President Donald Trump’s increasing pressure on the Federal Reserve to implement a larger interest rate cut at the FOMC policy meeting. “The recent weak employment data and President Trump’s influence, traders have intensified their bets on more aggressive rate cuts by the Federal Reserve,” Gandhi added. Meanwhile, the dollar index, which tracks the greenback against a basket of six currencies, slipped 0.28 per cent to 97.03, further aiding the bullion prices.

Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities said, “Traders continue to hold long positions with the key drivers being the anticipated dovish Fed stance and ongoing trade deal developments between the US, India, and China.”

In the overseas markets, spot gold rose to scale a fresh peak of USD 3,698.94 per ounce.

“Gold is trading high ahead of the US Fed’s two-day policy meeting that begins later in the day. The Fed is expected to cut interest rates by 25 basis points on Wednesday, the first since December, and markets are almost certain that the easing cycle will continue into the following year,” said Renisha Chainani, Head – Research at Augmont.

Spot silver was quoting 0.10 per cent higher to trade at USD 42.72 per ounce.

“For clues about the direction of future policy, traders will closely watch the Fed’s projections this week, and Fed Chair Jerome Powell’s press conference.

“US macroeconomic data including industrial production and retail sales that are anticipated later later in the day will also be closely by the investors examined to gain more understanding of how strong the economy is,” she added.

Chintan Mehta, Chief Executive Officer at Abans Financial Services said, “Geopolitical risks and ongoing tariff disputes are adding to safe-haven demand. These cross currents are keeping investors anchored to gold as a hedge.”

Add ET Logo as a Reliable and Trusted News Source



Source link

Tags: BetsDelhidollareasingFedGoldlakh10Surgesweak
ShareTweetShare
Previous Post

BofA CFO says legislative clarity paves way for development of stablecoin for clients

Next Post

AI And Automation Take Center Stage

Related Posts

edit post
American Eagle CEO defends Sydney Sweeney campaign: ‘You can’t run from fear. We stand behind what we did’

American Eagle CEO defends Sydney Sweeney campaign: ‘You can’t run from fear. We stand behind what we did’

by TheAdviserMagazine
October 8, 2025
0

American Eagle CEO Jay Schottenstein has launched a vigorous defense of his company’s high-profile Sydney Sweeney campaign, insisting the brand...

edit post
Elbit Systems bids to upgrade Argentinian F-16s

Elbit Systems bids to upgrade Argentinian F-16s

by TheAdviserMagazine
October 8, 2025
0

Argentina bought 24 F-16 aircraft from Denmark, and Elbit Systems is reportedly in talks to participate in the work of...

edit post
Ørsted raises .35bn through rights issue

Ørsted raises $9.35bn through rights issue

by TheAdviserMagazine
October 8, 2025
0

Ørsted has raised DKr59.56bn ($9.35bn) through a rights issue to strengthen its capital structure and support ongoing projects. This rights...

edit post
Nifty may resume uptrend soon; IT stocks could see short-term gains: Rohit Srivastava

Nifty may resume uptrend soon; IT stocks could see short-term gains: Rohit Srivastava

by TheAdviserMagazine
October 8, 2025
0

After a volatile few sessions, the market’s recent pullback is likely just a pause before the next leg higher, according...

edit post
Bullish partners with Deutsche Bank to streamline banking for digital assets (BLSH:NYSE)

Bullish partners with Deutsche Bank to streamline banking for digital assets (BLSH:NYSE)

by TheAdviserMagazine
October 8, 2025
0

agafapaperiapunta/iStock Editorial via Getty ImagesDigital assets spot and derivatives exchange Bullish (NYSE:BLSH) has announced a corporate banking partnership with Deutsche...

edit post
Green Lantern buys frozen fries co Tapugan for NIS 507m

Green Lantern buys frozen fries co Tapugan for NIS 507m

by TheAdviserMagazine
October 8, 2025
0

Kerur Holdings (TASE: KRUR), controlled by Shlomo Rodav and Roni Gat through Israel Lighterage and Supply Co. Ltd., in...

Next Post
edit post
AI And Automation Take Center Stage

AI And Automation Take Center Stage

edit post
Steel Dynamics (STLD) provides earnings guidance for Q3 FY25

Steel Dynamics (STLD) provides earnings guidance for Q3 FY25

  • 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
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
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
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
Raymond James sues to retrieve dead advisor’s laptop

Raymond James sues to retrieve dead advisor’s laptop

September 11, 2025
edit post
Why Retirement in Portugal’s Algarve Is a Breeze for Americans

Why Retirement in Portugal’s Algarve Is a Breeze for Americans

0
edit post
Nifty may resume uptrend soon; IT stocks could see short-term gains: Rohit Srivastava

Nifty may resume uptrend soon; IT stocks could see short-term gains: Rohit Srivastava

0
edit post
American Eagle CEO defends Sydney Sweeney campaign: ‘You can’t run from fear. We stand behind what we did’

American Eagle CEO defends Sydney Sweeney campaign: ‘You can’t run from fear. We stand behind what we did’

0
edit post
The shutdown meant no jobs report. Carlyle’s analysis shows it would have been pretty bad

The shutdown meant no jobs report. Carlyle’s analysis shows it would have been pretty bad

0
edit post
XRP Price Targets You Need To Know Now: Cubic Analytics

XRP Price Targets You Need To Know Now: Cubic Analytics

0
edit post
Why late-career savers need to be careful with RRSPs

Why late-career savers need to be careful with RRSPs

0
edit post
American Eagle CEO defends Sydney Sweeney campaign: ‘You can’t run from fear. We stand behind what we did’

American Eagle CEO defends Sydney Sweeney campaign: ‘You can’t run from fear. We stand behind what we did’

October 8, 2025
edit post
XRP Price Targets You Need To Know Now: Cubic Analytics

XRP Price Targets You Need To Know Now: Cubic Analytics

October 8, 2025
edit post
Elbit Systems bids to upgrade Argentinian F-16s

Elbit Systems bids to upgrade Argentinian F-16s

October 8, 2025
edit post
Ørsted raises .35bn through rights issue

Ørsted raises $9.35bn through rights issue

October 8, 2025
edit post
5 Ways to Buy Rentals Without a Huge Bank Account

5 Ways to Buy Rentals Without a Huge Bank Account

October 8, 2025
edit post
How to Make the Most Money Possible from Your Rental Property

How to Make the Most Money Possible from Your Rental Property

October 8, 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

  • American Eagle CEO defends Sydney Sweeney campaign: ‘You can’t run from fear. We stand behind what we did’
  • XRP Price Targets You Need To Know Now: Cubic Analytics
  • Elbit Systems bids to upgrade Argentinian F-16s
  • 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.