La demande d'or en Inde a chuté d'environ 70 % après que le gouvernement a augmenté les droits d'importation. Selon les estimations du secteur, la demande s'établit à 7,5 tonnes pour la quinzaine close le 27 mai, contre 25 tonnes un an plus tôt.
Les droits sur les importations d'or sont passés de 6 % à 15 %, avec une prise d'effet au 13 mai. Ce changement a directement affecté les achats des consommateurs au cours des semaines suivantes.
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Prime Minister Narendra Modi has urged citizens to reduce spending on gold and petroleum products amid falling foreign exchange reserves and rising import bills linked to the West Asia conflict.
The Indian government has increased customs duties on gold, silver and platinum to curb imports and preserve foreign exchange reserves amid rising oil prices from the West Asia conflict.
Rapporté par l'IA
Gold prices on India's MCX dropped sharply by Rs 3,000 per 10 grams as investors adopted a cautious stance before the US Federal Reserve policy meeting. Factors including profit booking in global markets, rising oil prices, and ongoing geopolitical tensions in West Asia contributed to the volatility in bullion trading. Analysts advise a sell-on-rise strategy amid these conditions.
Gold prices have held in a narrow $4,600-$4,800 range for almost two months despite persistent geopolitical tensions, as high interest rates and a strong U.S. dollar offset safe-haven demand. Analysts urge patience, with a breakout likely tied to central bank policies.
Rapporté par l'IA
Gold prices have fallen unexpectedly amid escalating geopolitical tensions in West Asia, diverging from their traditional safe-haven role. A strong U.S. dollar, rising Treasury yields, and profit-taking after recent gains are key factors suppressing prices. Analysts note a choppy near-term outlook but constructive long-term prospects.
Despite escalating geopolitical tensions from the Middle East war, gold prices have declined, countering its traditional safe-haven status. Traders attribute this to a broad risk-off sentiment, a strengthening US dollar, and profit-taking following prior gains. Experts view the drop as a temporary adjustment, with long-term support for precious metals intact.
Rapporté par l'IA
Dalal Street saw a notable decline with the Indian rupee hitting a record low for the second consecutive day. Key equity indices posted their largest single-day drop in six weeks.