With the US economy registering modest growth at the annual rate of 1.7 per cent n the second quarter against a forecast of 1.5%, the stimulus hopes have faded thin reflecting in subdued gold and silver prices. Overall the trend is firm for gold and

September may be a critical month for the gold market, said Barclays Capital in a commodity briefing. Gold overnight hit its strongest level since April, helped in recent sessions by an improved euro and a dovish tone in the minutes of the July 31-Aug. 1

Gold declined for a third day on speculation that Federal Reserve Chairman Ben S. Bernanke won’t commit the central bank to further stimulus in a speech this week even as investment holdings expanded to a record. Immediate-delivery gold fell as much as

When Sanjay Sharma, a professor, decided to purchase a diamond ring for his wife, he preferred to buy one in exchange for a gold chain he had bought almost two decades ago. He had to shell out only Rs 25,000 in cash against Rs 1 lakh for a new ring.

Gold futures on the Multi Commodity Exchange had closed higher at Rs 30,947 per 10 grams on Saturday against the previous close of Rs 30,877. In Comex, the yellow metal was trading higher by $4 at $1,677 a troy ounce at 9.45 am. Gold futures on MCX may

Prices of platinum could rise in 2013 as markets digest limited supply from major producer South Africa, analysts said at an industry conference on Saturday, with platinum trading at a premium over gold. South Africa accounts for 80 percent of platinum

Silver prices likely to reach $50 an ounce and gold prices to bounce back to $1900 levels, said Stephen Smith, managing member of Smith McKenna, LLC. According to Smith, the precious metal boom that was cut short in 2011 could be making a strong comeback

Demand for gold in China fell slightly in the first half, but the World Gold Council predicted today that the country will become the biggest market for the precious metal for the first time this year. The council forecast demand in China to rise 10

Increased Indian rainfall could mean a pick-up in gold demand, said HSBC Holdings plc (HSBC), a British multinational bank, in a commodities briefing. The director general of the India Meteorological Department says rainfall in India is set to be 96% of

Gold is retaining a hefty premium over platinum and this may well continue with the global economy still soft, said Bill O’Neill, one of the principals with LOGIC Advisers. Platinum was at a roughly 16% discount to gold as Monday’s activity wound down.

Conventional wisdom and most analysts opine that gold is in a consolidation phase waiting for the stimulus measures to be unveiled globally to move higher but a research analyst points out that gold could struggle for another five years as ‘a reliable in

Gold prices rose by Rs 128 to Rs 30,160 per 10 grams in futures trading today as speculators created fresh positions, tracking a firm global trend. At the Multi Commodity Exchange, gold for delivery in October rose by Rs 128, or 0.43%, to Rs 30,160 per

This week, silver futures are expected to trade bullish following gold in slow trend. “At MCX, strong support is seen at 52800 and resistance likely to be at 54000. MCX Silver September contract is expected to maintian upswing. Expected trading range is