Gold Prices Hit Record High Amid Geopolitical Tensions

Gold prices surged to a new all-time high of $2450.49 per ounce, fueled by US inflation data and geopolitical tensions. Read More>>

Source: Live Mint

Rate Cuts Expected

Traders now see a significant chance of a US rate cut by September, boosting gold as a preferred asset during declining interest rates.

Source: Live Mint

Global Central Banks Act

Central banks globally hint at rate cuts. The Bank of England and Sweden's central bank signal willingness to lower rates soon.

Source: Live Mint

China Leads Gold Purchases

China's central bank bought gold for 18 consecutive months, reaching 2,264 tonnes, diversifying away from US dollar reserves.

Source: Live Mint

India's Gold Imports Surge

India's gold imports more than doubled in April to $3.11 billion, driven by the wedding season and central bank purchases.

Source: Live Mint

Silver Prices Hit Decade High

Silver prices reached $32 per ounce, the highest since 2013, driven by strong investment and industrial demand.

Source: Live Mint

Industrial Metals Rally

Copper prices soared above $11,000 a ton as China announced plans to purchase unsold housing inventory to stimulate the economy.

Source: Live Mint