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Gold prices drop as Fed says more interest rate hikes next year: Report

The Fed will deliver more rate hikes next year, even as the U.S. economy slips towards a possible recession, Powell said on Wednesday, arguing a higher cost would be paid if the central bank does not get a firmer grip on inflation.

Gold is traditionally considered an inflation hedge but higher interest rates dim bullion's appeal by increasing the opportunity cost of holding the non-yielding metal.
Gold is traditionally considered an inflation hedge but higher interest rates dim bullion's appeal by increasing the opportunity cost of holding the non-yielding metal.
Published on Dec 15, 2022 11:01 AM IST
Reuters | | Posted by Aryan Prakash

Gold touches 5-month high as dollar dips, China relaxes Covid curbs

More cities in top gold consumer China announced an easing of coronavirus curbs on Sunday, as the country tries to make its zero-COVID policy more targeted and less onerous after unprecedented protests.

Lower FED interest rates tend to be beneficial for gold as they reduce the opportunity cost of holding the non-yielding asset.
Lower FED interest rates tend to be beneficial for gold as they reduce the opportunity cost of holding the non-yielding asset.
Published on Dec 05, 2022 02:29 PM IST
Reuters | | Posted by Nisha Anand

Gold & silver prices today, Oct 23: On Diwali eve, here are rates in your city

Gold and silver prices today, October 23: According to the Goodreturns website, the cost of 1 gramme of both 22k and 24K gold is up 1 rupee from Saturday, while the rates of silver are unchanged.

On Diwali eve, prices of gold are up by 1 rupee, as per Goodreturns (Representative Image)
On Diwali eve, prices of gold are up by 1 rupee, as per Goodreturns (Representative Image)
Published on Oct 23, 2022 11:41 AM IST
By, New Delhi

Dhanteras 2022: Gold, silver prices cheaper today. Check latest rates

Dhanteras 2022 gold and silver prices: If you are planning to buy gold and silver on Dhanteras, then you should read this. In the past few days, the prices of these precious metals have been dipping.

Today Gold Price, Silver Price: Gold Rate and along with other precious metal prices in India on Friday, Nov 05, 2021
Today Gold Price, Silver Price: Gold Rate and along with other precious metal prices in India on Friday, Nov 05, 2021
Published on Oct 22, 2022 11:37 AM IST
By | Written by Aryan Prakash

Ahead of Dhanteras, here are the gold and silver prices today in your city

Gold and silver prices today, October 21: In Delhi, the price of 22k gold was worth ?46,350 per 10 grammes while that of 24k gold stood at ?50,600 per 10 gms. In Mumbai, 10 grammes of 22k gold stood at ?46,250 while that of 24k gold was at ?50,450.

Today Gold Price, Silver Price: Gold Rate and along with other precious metal prices in India on Friday October 21, 2022
Today Gold Price, Silver Price: Gold Rate and along with other precious metal prices in India on Friday October 21, 2022
Published on Oct 21, 2022 12:11 PM IST
By | Written by Aryan Prakash
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