This Akshaya Tritiya, Gold Prices Soar Beyond Consumers’ Reach

<img data-document-id="cms/api/amp/image/AA1DUWLx" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1DUWLx.jpg"/> <div class="content count-br"> <p> <p> In New Delhi [India], as reported on ANI on April 30th, this year’s Akshaya Tritiya—a significant date in the Hindu lunar calendar when purchasing gold is traditionally encouraged—saw subdued interest in the valuable metal. Experts and jewelers suggest that the primary reason was the elevated cost of gold. According to publicly accessible information, the price levels internationally were notably higher. gold prices roses grew at an unparalleled rate in 2025, increasing by more than 20 percent. In the last year, their value has climbed approximately 40 percent. </p> <p> Experts suggest that potential purchasers are avoiding buying gold jewelry or investing in the metal due to an unforeseen increase in prices during this year’s Akshaya Tritiya. Traditionally, many people schedule their purchases of valuable metals like gold and silver around this significant occasion each year. </p> <p> Gold prices are reaching record levels both in India and globally, driven by their status as a safe haven during current trade instabilities. The uncertainty around President Trump’s retaliatory tariff plans and the resulting countervailing tariffs has further bolstered this trend internationally. gold prices , which have been migrating northward for quite some time now. </p> <p> The World Gold Council reports that India’s gold demand for the initial three months of 2025 was recorded at 118.1 metric tons, marking a significant decrease of 15 percent compared to the 139 metric tons observed during the corresponding quarter of the previous year. </p> <p> Manoj Kumar Jain, who works as a commodity research analyst at Prithvi Finmart, commented, "During this Akshaya Tritiya, the demand for gold has been sluggish, likely because of elevated prices. The current demand is roughly 25 percent less compared to last year. Most consumers find gold unaffordable. Additionally, individuals are more inclined towards swapping their old gold for new pieces instead of purchasing new ones outright." </p> <p> Paraphrased version: Hareesh V, who leads commodities at Geojit Investments Ltd., echoed this view stating that due to the extraordinary surge recently observed, individuals are progressively choosing gold Exchange-Traded Funds (ETFs) and digital currencies. gold prices . </p> <p> On Wednesday, coinciding with Akshaya Tritiya, gold prices Gold prices have declined in both the exchange and physical markets. On MCX, gold futures were being traded at Rs 94,380 for 10 grams, while in physical outlets they ranged from Rs 95,000 to Rs 96,000 for 10 grams. </p> <p> Ajay Kedia, who leads the Mumbai-based consulting firm Kedia Advisory, stated, "In the coming year, it would be prudent to purchase gold solely for ritualistic use rather than with an intent to invest, since projected yields are anticipated to decrease to approximately 6-7 percent, aligning with inflation rates." </p> <p> According to Colin Shah, MD of Kama Jewelry, "With gold prices Recently reaching new peaks, we remain optimistic that consumers may view this period as the ideal opportunity to purchase their preferred jewelry. gold prices are anticipated to experience further growth in the coming months." </p> <p> The Confederation of All India Traders (CAIT) estimates that around Rs 12,000 crores worth of gold jewelry and associated products were sold nationwide during Akshaya Tritiya. (ANI) </p> </p> </div> Provided by SyndiGate Media Inc. Syndigate.info ).

This Akshaya Tritiya, Gold Prices Soar Beyond Consumers’ Reach

In New Delhi [India], as reported on ANI on April 30th, this year’s Akshaya Tritiya—a significant date in the Hindu lunar calendar...

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"Goldman Sachs: Silver Won't Keep Pace With Gold Rally" Says Bank

<img data-document-id="cms/api/amp/image/AA1EoOWz" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1EoOWz.jpg"/> <div class="content count-br"> <p> <p> New Delhi [India], May 8 (ANI): Gold Will continue to surpass silver in the precious metals market, according to reports. Said Gold Goldman Sachs in a recent report. </p> <p> The historical relationship between gold and silver prices, usually ranging from 45 to 80, was reportedly "breached" for the first time since 2022. This shift can be linked to significant increases in gold acquisitions by central banks; however, this pattern hasn’t been mirrored by silver, often considered gold’s counterpart. Silver . </p> <p> The report stated, "We anticipate that silver will not keep pace with the surge in gold prices due to increased central bank purchases of gold, which have fundamentally raised the gold-to-silver price ratio." </p> <p> Nevertheless, silver has received support from the China Despite the surge in solar energy, the industrial demand for metals is insufficient to counterbalance the significant purchases of gold by central banks. </p> <p> Gold The attractiveness of gold for central banks is due to its physical characteristics, which make it more appropriate for managing reserves. Gold is rarer, has greater value per ounce, and is denser compared to silver, making storage, transportation, and security simpler. </p> <p> The report indicates that despite a potential deceleration in China’s solar manufacturing and ongoing recession concerns, central banks are anticipated to continue their substantial purchases of gold throughout 2025, which should bolster gold's strong performance. </p> <p> As the flow patterns show strong correlations, an increase in demand for gold in 2025 is expected to boost silver prices too. This was noticeable during the rally of Q1-2025, where ETF purchases and speculative investments bolstered both metals. Gold man Sachs said. </p> <p> Gold Goldman Sachs continues to be optimistic about gold, projecting a baseline target of $3,700 per ounce by year-end and expecting it to reach $4,000 by mid-2026. They suggest that worries over U.S. governance and institutional reliability, along with a shift towards safer assets and more aggressive Federal Reserve interest-rate reductions, could drive gold prices significantly higher than their already positive forecast amid what they anticipate might be a U.S.-policy-induced economic downturn. </p> <p> Although, according to the report, if a recession happens, they predict that the increase in ETF investments could push the gold price up to $3,880 by the end of this year. Furthermore, in very unlikely but severe situations where markets become more concerned about potential issues with Federal Reserve policies or alterations in U.S. reserve strategies, they believe gold might feasibly reach around $4,500 per ounce by late 2025. (ANI) </p> </p> </div> Provided by Syndigate Media Inc. ( Syndigate.info ).

"Goldman Sachs: Silver Won't Keep Pace With Gold Rally" Says Bank

New Delhi [India], May 8 (ANI): Gold Will continue to surpass silver in the precious metals market, according to reports. Sa...

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Vietnam's Gold Prices Soar Amid Global Tariff Surge by Trump

<img data-document-id="cms/api/amp/image/AA1CbUxx" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1CbUxx.jpg"/> <p> Vietnam gold bar price rose to a new record Thursday morning, extending its double-digit gain this year, after U.S. President Donald Trump announced a minimum 10% import tariffs on all countries. </p> <p class="Normal"> Saigon Jewelry Company gold bar price went up 0.59% to VND102.4 million (US$3,976.71) per tael. </p> <p class="Normal"> Bullion has gone up 21.6% so far this year, having achieved several new peaks. </p> <p class="Normal"> Gold ring price jumped 0.98% to a new high of VND102.8 million per tael. A tael equals 37.5 grams or 1.2 ounces. </p> <p class="Normal"> Globally gold prices extended gains on Wednesday to hover near all-time highs, boosted by safe-haven inflows after U.S. President Donald Trump announces reciprocal tariffs that would escalate a trade war, Reuters reported. </p> <p class="Normal"> Spot gold was up 0.6% at $3,129.46 an ounce. U.S. gold futures settled 0.6% higher at $3,166.20. </p> <p class="Normal"> "The reciprocal tariffs are much more aggressive than expected, which should lead to asset market selloffs and a lower dollar," said Tai Wong, an independent metals trader. </p> <p class="Normal"> "The outlook for gold is quite promising, with $3,200 becoming the new immediate target. Numerous uncertainties remain unresolved, and the notion that various factors could still be open to negotiation suggests that financial markets may experience significant volatility in the near future," he noted. </p> <p class="Normal"> On Wednesday, Trump announced plans to introduce a minimum 10% tariff on every product imported into the United States, with additional levies targeting several major trading partners. This escalation intensifies the trade conflict he reignited upon reassuming residency at the White House. </p> <p class="Normal"> Trump displayed a poster that listed reciprocal tariffs, including 34% on China and 20% on the European Union, as a response to duties put on U.S. goods. </p>

Vietnam's Gold Prices Soar Amid Global Tariff Surge by Trump

Vietnam gold bar price rose to a new record Thursday morning, extending its double-digit gain this year, after U.S. President Donald Trum...

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Antam Naikkan Harga Emas hingga Rp 1.836.000 per Gram, Catat Rekor Baru Hari Ini!

<img data-document-id="cms/api/amp/image/AA15n8xT" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA15n8xT.jpg"/> <p> <strong> DIWIDA.CO.ID - JAKARTA </strong> Harga emas batangan ber-sertifikasi Antam dari Logam Mulia PT Aneka Tambang Tbk (ANTM) ANTM melonjak pada hari Kamis (3/4) dan mencatat rekor harga terbaru lagi. </p> <p> Menurut informasi dari situs Logam Mulia, harga untuk satu gram emas Antam saat ini adalah Rp 1.836.000. Ini menunjukkan kenaikan sebesar Rp 17.000 dibandingkan dengan harga tercatat pada hari Rabu (2/4), yaitu senilai Rp 1.819.000 per gram. </p> <p> Harga buyback emas Antam saat ini terletak di angka Rp 1.688.000 per gram. Ini naik sebesar Rp 17.000 dari harga buyback kemarin yang mencapai Rp 1.671.000 per gram. </p> <p> Berikut adalah harga jual koin emas Antam dengan berbagai denominasi per hari Kamis (3/4) dan belum termasuk pajak: </p> <ul> <li> Harga untuk 0,5 gram emas adalah Rp 968.000 </li> <li> Harga untuk 1 gram emas adalah Rp 1.836.000 </li> <li> Harga untuk 5 gram emas adalah Rp 8.955.000 </li> <li> Harga untuk 10 gram emas adalahRp 17.855.000 </li> <li> Harga untuk 25 gram emas adalah Rp 44.512.000 </li> <li> Harga untuk 50 gram emas adalah Rp 88.945.000 </li> <li> Harga untuk 100 gram emas adalahRp 177.812.000 </li> <li> Harga untuk 250 gram emas adalah Rp 444.265.000 </li> <li> Harga untuk 500 gram emas adalahRp 888.320.000 </li> <li> Harga untuk 1.000 gram emas adalah Rp 1.776.600.000. </li> </ul> <p> Keterangan: </p> <p> Antam menawarkan emas dan perak batangan dengan variasi bobot tertentu (seperti 1 gram, 2 gram, serta 500 gram). Umumnya, harga tiap gram emas Antam bisa bervariasi sesuai dengan berat masing-masing batangan. Variansi tersebut timbul akibat adanya biaya ekstra untuk proses pengecoran, sehingga membuat harga setiap gram emas Antam pada batangan yang lebih ringkas menjadi lebih tinggi dibandingkan dengan batangan yang memiliki berat lebih banyak. Di sini ditampilkan harga per gram emas batangan seberat 1 kilogram yang seringkali digunakan sebagai standar oleh para pemain industri emas. </p>

Antam Naikkan Harga Emas hingga Rp 1.836.000 per Gram, Catat Rekor Baru Hari Ini!

DIWIDA.CO.ID - JAKARTA Harga emas batangan ber-sertifikasi Antam dari Logam Mulia PT Aneka Tambang Tbk (ANTM) ANTM melonjak pada ...

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Copper Prices Soar in New York While Dropping in London — Similar to Gold Trends

<img data-document-id="cms/api/amp/image/AA1BLbLB" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1BLbLB.jpg"/> <ul class="summary-list"> <li> Copper prices have reached all-time peaks in New York due to concerns over tariffs and increasing demand. </li> <li> A banking specialist from Bank of America stated that the copper market is facing a supply crisis. </li> <li> Increasing expenditures on defense and the growth in electric vehicle manufacturing are poised to affect both the demand for and supply of copper. </li> </ul> <p> This year, gold has been hitting record levels above $3,000 per ounce — however, it isn’t the sole commodity experiencing strong interest. </p> <p> Copper is utilized in products ranging from computers to electrical cables, and traders have been purchasing it aggressively amidst the threat of trade tariffs being imposed. </p> <p> Demand has remained notably robust in New York, with copper reaching a peak on Wednesday of up to $5.374 per pound — exceeding $11,840 per metric ton. </p> <p> This surpasses the $5.20 per pound recorded last May and represents almost a 30% increase from the beginning of the year. </p> <p> Nevertheless, copper prices on the London Metal Exchange fell on Wednesday to a low of $9,893 per ton. </p> <p> These identical tariff concerns have similarly driven up gold prices significantly. higher in New York Rather than in London this year, there has been a surge in transporting gold bullion across the Atlantic to capitalize on the discrepancy. </p> <h2 data-toc-id="4f928308-768a-4cc1-9b67-2c21d4167433" id="4f928308-768a-4cc1-9b67-2c21d4167433"> Supply crisis </h2> <p> Michael Widmer, who leads metals research at Bank of America, informed Business Insider about a similar accumulation of stocks occurring in the U.S., which has sparked a supply crisis involving copper. </p> <p> Widmer stated that market participants are currently attempting to secure copper units for shipment to the US in preparation for potential tariffs. </p> <p> There aren't any additional copper units accessible in the current marketplace. More investments must be made in supply; otherwise, I believe we'll face a situation where demand exceeds supply due to insufficient availability. </p> <img data-document-id="cms/api/amp/image/AA1BL9SA" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1BL9SA.jpg"/> <p> President Donald Trump's tariffs on imported copper could be implemented much earlier than anticipated, according to a report from Bloomberg on Wednesday. </p> <p> Howard Lutnick, who served as the Commerce Secretary, was granted up to 270 days To file a report assessing if copper imports posed a threat to U.S. national security. The presidential directive stated that copper is essential for the nation’s economic stability and industrial toughness due to its “critical function in defense systems, infrastructure development, and innovative technology sectors.” </p> <p> A lot of people anticipate that Trump will unveil new tariffs as early as the upcoming week. </p> <p> This month, analysts from Goldman Sachs stated their expectation that a minimum tariff of 25% would be applied to imported copper as well as numerous other types of metal. </p> <p> In a recent note from last weekend, they stayed "strategically hesitant" regarding the metal, stating further: "A concentration on China or an aggressive stance on reciprocal tariffs would likely have adverse effects on copper prices." </p> <h2 data-toc-id="aa0f596e-ff52-45e9-863d-0bd256daf8ce" id="aa0f596e-ff52-45e9-863d-0bd256daf8ce"> Rising defense budgets </h2> <p> Plans by European countries to boost their defense budgets due to uncertainties regarding the US dedication to NATO may also influence copper supplies and pricing. </p> <p> In February, UK Prime Minister Keir Starmer announced that Britain would increase its defense budget to 2.3% of GDP. 2.5% by 2027 Last week, Germany's legislative body approved a measure allowing for unprecedented expenditures on both defense and infrastructure projects. </p> <p> Widmer stated that by 2030, we could reasonably argue for a twofold increase in copper consumption by the defense sector, starting from 2009. </p> <p> Constructing electric vehicles and data centers were additionally intensive uses of copper. "As a result, we continuously increase the demand side," he stated. </p> <p> Goldman predicts a worldwide shortage of copper amounting to 180,000 tons for this year because of reasons such as increased electrification and diminishing output from mining operations. </p> <p> According to the International Copper Association, global demand is anticipated to increase by an annual rate of 1.85%, climbing from 28.3 million tons in 2020 to approximately 40.9 million tons by 2040. </p> <p> If you liked this tale, make sure to follow Business Insider on MSN. </p>

Copper Prices Soar in New York While Dropping in London — Similar to Gold Trends

Copper prices have reached all-time peaks in New York due to concerns over tariffs and increasing demand. A banking specialist f...

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