US EditionGold’s Vexing Drift: Why the Bull Isn’t Charging and Bears Are Losing Patience
- Gold rates in Hyderabad decreased by Rs 600 for 24-carat and Rs 550 for 22-carat gold after the US Federal Reserve kept interest rates unchanged.
- Jerome Powell, the US Fed Chair, indicated expectations of rising inflation, which contributes to a cautious policy stance.
- The ongoing conflict between Israel and Iran influences gold and silver prices, which dropped to around one-week lows amidst geopolitical tensions.
- Despite the recent decline, 22-carat gold prices in Hyderabad have risen 28 percent since the beginning of the year when it was priced at Rs 71,500.
18 Articles
18 Articles
Gold rates slip in Hyderabad after US Fed holds rates
Hyderabad: Gold rates slipped in Hyderabad after the US Federal Reserve kept interest rates unchanged. The rates of 24-carat and 22-carat yellow metal declined by Rs 600 and Rs 550 in just one day. Reasons for dip US Fed Chair Jerome Powell noted the central bank expects an increase in inflation in the coming months amidst tariffs and other factors, reinforcing a cautious policy stance. Meanwhile, there is still no resolution in the Israel and I…
Gold price in Pakistan drops for 5th consecutive day
The price of gold in Pakistan and globally continues to decline for the fifth consecutive session. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola saw a decrease of Rs1,595 on Friday to reach Rs357,000. Similarly, the price of 10 grams of gold dropped by Rs1,368, taking […] The post Gold price in Pakistan drops for 5th consecutive day appeared first on .
The precious metal has risen more than a quarter this year and remains not far from the record of US$3,500 reached in April
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- 40% of the sources lean Left, 40% of the sources are Center
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