The dollar held near the six-month highs hit on Friday, making greenback-priced gold more expensive for holders of other currencies
Spot gold was up 0.5 per cent at $4,137.06 per ounce as of 0816 GMT, having earlier hit its highest since October 23 at $4,148.75
Overall gold sales during Dhanteras were 10–15 per cent lower in volume terms compared to last year, but total value rose due to higher prices
Spot silver fell 0.4 per cent to $54 per ounce, after hitting a record high of $54.47, tracking the rally in gold and a short squeeze in the spot market
This Diwali is marked by soaring gold prices, strategic buying patterns, and a fusion of cultural devotion with savvy investment decisions
The prolonged US government shutdown, now in its third day as of Friday, has delayed key economic data, including the non-farm payrolls report
Gold, considered a safe-haven asset during broader uncertainty, tends to perform well in low-interest rate environment
The Fed reduced rates by 25 basis points on Wednesday and indicated it will steadily lower borrowing costs for the rest of this year
Rate-cut expectations and worries over the Federal Reserve’s independence are going to add to safe-haven demand
The dollar languished near multi-week lows against its rivals, making gold less expensive for holders of other currencies
DGCX plays a vital role in Dubai’s status as a leading global gold trading hub
Consensus forecasts suggest below-trend global growth and persistently high inflation in the second half, with US CPI expected to reach 2.9 per cent
Trump announced a complete ceasefire between Israel and Iran, potentially ending the 12-day conflict that saw millions flee Tehran
Spot gold was up 0.1 per cent at $3,371.15 an ounce, as of 0526 GMT. US gold futures fell 0.6 per cent to $3,388.60
Spot gold was up 0.1 per cent to $3,386.29 an ounce, as of 1203 GMT. US gold futures fell 0.4 per cent to $3,404.90
The dollar index rose 0.3 per cent against its rivals, making gold more expensive for other currency holders
The dollar is hovering near a two-week low hit in the previous session, making greenback-priced gold cheaper for holders of overseas currency
Gold, traditionally seen as a hedge against economic and political uncertainties, thrives in a low-interest rate environment
The rebound in gold-backed exchange-traded funds (ETFs) was the standout driver, with investment demand more than doubling to 552 tonnes
The partial rollback of tariffs on some imports from China may be perceived as a positive step
As gold prices rose by 27 per cent last year, demand for gold jewellery in the UAE fell by around 13 per cent
Bullion rose more than 1 per cent to scale an all-time peak of $3,219.84 earlier in the session, and has gained around 5 per cent this week
Spot gold was down 0.3 per cent at $3,027.90 an ounce as of 0331 GMT, after dropping over 1 per cent earlier in the session to its lowest
Trump’s tariff policies could flare up inflation, slow economic growth and escalate trade disputes
Spot gold was little changed at $3,048.37 an ounce as of 0350 GMT, after hitting an all-time high of $3,055.96 earlier in the session
Bullion is on track for a second consecutive weekly increase, with a 2.5 per cent gain so far
Spot gold rose 0.3 per cent to $2,898.27 an ounce as of 0501 GMT, while US gold futures firmed 0.1 to $2,902.50
The dollar index wallowed near a four-month trough as the US exempted automakers from the 25 per cent tariffs on Canada and Mexico for a month
The US central bank held interest rates steady in its last meeting
The dollar index was set for a weekly gain of 0.7 per cent so far, making greenback-priced gold more expensive for foreign buyers