More From Markets
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Bitcoin surges above $22K as Powell's Congressional Testimony boosts market sentiment
March 09, 2023 10:20 ISTAccording to the Fed chair, a determination regarding the magnitude of the rate hike scheduled for March has not been finalized yet.
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Tether's USDT Stablecoin Dominance Reaches 15-month high in cryptocurrency market
March 07, 2023 9:58 ISTUSDT's dominance in the stablecoin market exceeded 54%, marking its highest point since November 2021.
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Centre mandates new hallmarking for gold, to be effective from April 1 | DETAILS
March 04, 2023 10:32 ISTNew rules for selling gold: To safeguard consumers from fraudulent activities and guarantee consistent standards of gold quality nationwide, the Indian government has implemented a mandatory HUID-based hallmarking system for gold jewellery and artefacts.
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Gold prices suffer worst monthly drop in over a year as rate-hike concerns take center stage
March 01, 2023 11:29 ISTIn early February, the price of gold reached its highest level since April 2022, but it quickly changed direction. Due to the anticipation of more rate hikes, buoyed by robust economic data, bullion has fallen by over 5% this month.
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Gold rises on easing Dollar rally, but concerns remain over rate hikes
February 28, 2023 10:09 ISTAccording to Bart Melek, who is the Head of Commodity Markets Strategy at TD Securities, despite having support at $1,806, gold prices have been declining due to higher-than-anticipated inflation, and the economy has remained robust.
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Bitcoin takes a hit as market reacts to key inflation indicator
February 25, 2023 10:14 ISTThe cryptocurrency market is experiencing a decline as investors are taking on less risk. Today, the entire crypto market is in the red with most digital currencies experiencing a dip in value. This shift in investor sentiment towards risk has led to a sell-off of crypto assets.
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Bitcoin stands around $24,000
February 24, 2023 11:01 ISTThe cryptocurrency market has seen a mix of gains and losses, with Bitcoin holding steady near $24,500 and Solana surging over 12%. Other major cryptocurrencies, including Ethereum and Cardano, have experienced slight declines.
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Gold market sees ongoing selling pressure despite US economic growth of 2.7%
February 24, 2023 11:00 ISTThe US Bureau of Economic Analysis has reported solid growth of 2.7% in the second reading of the fourth-quarter Gross Domestic Product, slightly lower than the initial estimate of 2.9%, while personal consumption contributed to the latest downward revision, as it increased by 1.4%.
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Gold takes a dip: Investors brace for the impact of stronger dollar and hawkish fed
February 23, 2023 9:54 ISTThe recent strength of the US dollar and the possibility of a more hawkish monetary policy from the Federal Reserve has put pressure on gold prices.
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Cryptocurrency market suffers significant drop as Bitcoin experiences 3.35% decline
February 23, 2023 9:41 ISTThe global cryptocurrency market experienced a 2.78% decline on Wednesday following a surge the day before. This was mainly due to losses in Bitcoin, Ethereum, and other alternative cryptocurrencies.
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Sensex tanks 927 points to close at 3-week low, Nifty ends below 17,600 amid weak global trends
February 22, 2023 16:48 ISTSensex on Wednesday witnessed a three-week low as it plunged by 927 points to settle at 59744.98 while Nifty settled at a four month low below 176,00. The figures are a reflection of weak global trends.
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Bitcoin skyrockets by 14%: Insights into future price predictions and factors driving fluctuations
February 22, 2023 9:52 ISTThe worth of Bitcoin has escalated by 14%, sparking conjecture about its upcoming direction. In this report, we will explore common predictions for Bitcoin's price and analyze the causes that have impacted recent variations in its value.
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Gold imports plunge by 71% to lowest in 20 months as demand wanes amid rising prices
February 21, 2023 9:54 ISTThe domestic markets have recently witnessed a notable decline in gold prices, hitting a five-week low. This downturn is attributed by market experts to apprehensions over the potential hike in interest rates by the US Federal Reserve and a series of strong economic data being released by the US.
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Bitcoin inches up by 3.61% but struggles to surpass resistance levels
February 21, 2023 9:50 ISTBitcoin, the cryptocurrency with the largest market capitalization, increased by 3.61% and was trading at $25,062.33. Ethereum also saw a rise of 3.13% and was trading at approximately $1,725.61.
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Bitcoin's tumble: Solana shines as Dogecoin falters in top 10 cryptocurrencies
February 20, 2023 10:18 ISTThe top 10 non-stablecoin cryptocurrencies by market capitalization experienced a mixed morning as Bitcoin dropped below US$24,000. Among those cryptocurrencies, Solana saw the biggest gains, while the leading name coin Dogecoin experienced the largest drop.
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Crypto Market Update: Bitcoin and Ethereum surge, reaching impressive trading figures
February 19, 2023 10:01 ISTBitcoin and Ethereum experience a significant increase in value, recovering approximately 5% of their worth in recent days. This positive trend has come after weeks of downturn in the crypto market, and investors are taking it as a positive sign.
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Gold takes a hit as strong US economic data sparks concerns of tighter policy
February 19, 2023 9:58 ISTIn recent days, gold prices have experienced a significant downturn, dropping to a five-week low in the domestic markets. Market experts attribute this decline to concerns over the US Federal Reserve potentially increasing interest rates, as well as a slew of robust economic data coming out of US
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Bitcoin and Ethereum take a hit as cryptocurrency market drops over 3% in 24 hours
February 18, 2023 9:18 ISTBitcoin and Ethereum, both experienced a decline in value. Bitcoin decreased by 3.32% and was trading at $24250, while Ethereum had a 2.72% decline and was trading at around $1,691.88.
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Bitcoin surges past $25,000, Ether also sees gains
February 17, 2023 9:50 ISTDubai's crypto-friendly regulations have helped to foster a thriving industry, attracting both Web3 and crypto businesses, as well as traditional companies incorporating innovative technologies like cryptocurrencies, NFTs, and the metaverse.
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Gold and silver prices steady after US inflation report, PPI exceeds expectations
February 17, 2023 10:17 ISTGold and silver prices have shown slight weakness or have remained steady during early U.S. trading on Thursday, in the wake of a U.S. inflation report that disclosed an increase in inflation.
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Crypto gains continue as market cap reaches $1 trillion and 24-hour trading volume surges
February 16, 2023 10:08 ISTOn Wednesday, the gains of cryptocurrencies continued to increase, with the global market capitalization of the crypto industry reaching $1 trillion and the past 24 hours showing a trading volume of $57.8 billion.
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Gold prices hit new low in response to surging January retail sales, exceeding expectations
February 16, 2023 10:05 ISTAccording to ANZ Bank strategists, the price of gold has dropped below $1,850, which is the lowest it has been since early January.
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Gold prices edge up as US CPI data meets expectations
February 15, 2023 9:58 ISTInvestors were awaiting the release of the US Consumer Price Index (CPI) data, which measures inflation and can impact the value of the precious metal.
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Bitcoin makes a comeback: Surpasses $22K despite calm reaction to inflation data
February 15, 2023 9:56 ISTOn Feb 14, 2023, the price of Bitcoin (BTC) surpassed $22,000, reversing an earlier dip caused by the release of the US Consumer Price Index (CPI) data.
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Gold and silver prices dip ahead of key US inflation report
February 14, 2023 10:22 ISTMidday trading in the U.S. has seen a decrease in gold and silver prices, with silver hitting its lowest point in 2.5 months and gold reaching a five-week bottom. The recent decline in technical outlook for both metals has triggered some selling pressure.
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Crypto correction continues: Bitcoin hits 3-week low as SEC cracks down on unregistered securities
February 14, 2023 10:21 ISTCryptocurrency prices saw a drop on Monday, continuing from the dip on Friday, as the SEC increased its enforcement efforts in the crypto market. The Kraken exchange was penalized with a $30 million fine for violating SEC rules by offering unregistered securities.
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Bitcoin Dip: Take Advantage of the Temporary Drop
February 12, 2023 12:19 ISTThe price of Bitcoin (BTC) and the broader cryptocurrency market experienced a pullback early this week, surrendering a small portion of the gains achieved in January. Nevertheless, it's widely acknowledged by seasoned traders that a technical correction was expected.
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Gold price hangs near one-month low despite stronger US dollar
February 11, 2023 9:42 ISTGold price news: Gold prices remain near a one-month low, with a stronger US dollar having a significant impact on the precious metal's performance. Despite the negative pressure, market analysts continue to monitor the situation, forecasting possible fluctuations in the near future.
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