The main category of The Gold News.
You can use the search box below to find what you need.
[wd_asp id=1]
The main category of The Gold News.
You can use the search box below to find what you need.
[wd_asp id=1]
Gold prices opened on the Multi Commodity Exchange (MCX) on Monday at Rs 66,023 per 10 grams and hit an intraday low of Rs 65,900. In the international market, prices hovered around $2,178.97 per troy ounce.
Meanwhile, silver opened at Rs 74,181 per kg and hit an intraday low of Rs 74,112 on the MCX. The price hovered around $24.34 per troy ounce in the international market.
Manav Modi, Analyst, Commodity and Currency, MOFSL, “Gold price continues to mark record highs on the back of fall in Dollar Index US Yields, weak economic data points and increased expectations for a rate cut in June. Bullion marked its biggest weekly percentage increase since mid-October.”
The rise in the US unemployment rate by 0.2% to 3.9% and moderation in wage gains offset job additions of 275,000 against expectations of 195,000 in February, supporting the metal prices. Along with US jobs data, US retail sales, factory orders, and private payroll data were reported lower than expectations.
“The dollar index was trading around 102.70 mark, inching lower from ~104. Similarly, the yield on the 10-year US Treasury fell to a more than one-month low, currently trading ~4.05%. Traders boosted bets the Fed could start cutting interest rates in May to around 30% after the jobs report, although June remained the mostly likely scenario at 73%. The economic calendar this week has some important data points in the docket like the US CPI, PPI, IIP and UK GDP,” said Modi.
Echoing similar views, Jateen Trivedi, VP Research Analyst, LKP Securities, “Gold prices continued their positive momentum, buoyed by a weaker dollar that propelled Comex Gold above the $2150 mark. In the domestic market, MCX Gold confidently surpassed the 66000 level, marking a substantial gain of 2000rs for the week.”
KATHMANDU, March 11: The price of gold remained stagnant in the domestic market on Monday.
The price of fine gold is stable at Rs 126,000 per tola today.
Similarly, the rate of standard gold has also remained unchanged at Rs 125,400 per tola.
Furthermore, the price of silver is stagnant at Rs 1,475 per tola on Monday.
Gold rate today: Gold price on the Multi Commodity Exchange (MCX) is trading flat in the early morning session as investors are awaiting the release of the US CPI data this week. MCX gold rate today opened flat at ₹66,023 and went on to touch an intraday high of ₹66,049 per 10 gm level. However, the precious yellow metal soon came under selling pressure slipped below the ₹66,000 mark, and made an intraday low of ₹65,938 per 10 gm. According to commodity market experts, the disappointing US job data has put a dent in the US Fed rate cut buzz. They said that the focus has now shifted to the US CPI date that will be released on 12th March 2024.
On why the gold rate today is trading flat, Anuj Gupta, Head — Commodity & Currency at HDFC Securities said, “The US Fed rate cut buzz received a hit after the disappointing US job data last week. Now, investors are waiting for the US CPI inflation rate for February 2024, which will be released on Tuesday this week. Any positive outcome in the February US inflation data will be supportive of the gold price appreciation. However, in case the US CPI data becomes disappointing, then in that case, the US Fed will come under pressure to continue with higher interest rates. So, US CPI data will be the biggest trigger for gold price movement in the next two days.”
Anuj Gupta of HDFC Securities said that gold prices have ascended to an alarming level where the physical market has cut down their premium. “Gold rate today in Delhi’s retail bullion market is around ₹66,000 per 10 gm, which is in sync with the MCX gold rate. This is because physical gold sellers are currently enjoying a handsome premium on their buffer stock due to the recent gold price rally in the future market. This exercise is an indication that the physical market is not in a comfortable position, which is a signal that the risk-reward ratio has peaked out after the recent gold price rally.”
Advising gold investors to remain vigilant about the US CPI data news, Sugandha Sachdeva, Founder of SS WealthStreet (Formerly WealthWave Insights) said, “Focus of gold investors has shifted on the latest US inflation data, which will provide insights into the trajectory of US interest rates and could further influence gold prices. Overall, while short-term corrections are possible, the underlying factors driving gold demand remain intact, supporting a positive outlook for the precious metal.”
On key levels regarding the gold rate today, Anuj Gupta said, “The MCx gold rate today has immediate support placed at ₹65,300 whereas it has crucial support placed at ₹64,500 per 10 gm level. On the higher side, gold price has hurdles placed at ₹67,000 and ₹68,000 levels. In the international market, the gold rate today is in the small $2,150 to $2,200 per ounce range while the spot gold price today is in the broader range of $2,120 to 2,210 per ounce. On breaching above the $2,202 level on a closing basis, spot gold price may ascend towards the $2,240 level.”
Disclaimer: The views and recommendations above are those of individual analysts, experts, and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it’s all here, just a click away! Login Now!
The Sporting News is following the USA vs. Brazil match live, providing score updates, commentary and highlights as they happen.
The U.S. women enter Sunday’s final against Brazil as battle tested as they’ve been in years as they hunt for the first-ever W Gold Cup title in San Diego.
An embarrassing defeat to Mexico to close out the group stage brought back terrible memories of the 2023 Women’s World Cup humiliation, but interim head coach Twila Kilgore has led a remarkable turnaround that provides a glimmer of hope for a return to their place atop the global pecking order.
The U.S. clobbered a physical Colombia side before outlasting their biggest continental rival Canada in a 2-2 thriller that went to penalties. There have been heroes up and down the squad in this competition, fostering a togetherness that two weeks ago felt out of reach.
Earning the trophy won’t be an easy task, as the USWNT is now charged with matching up against a talented Brazil squad that has pulverized everyone in its path throughout the tournament, winning its five matches by a combined 15-1 to this point.
Score | Goal scorers | |
USA | – | – |
Brazil | – | – |
Kickoff: 8:15 p.m. ET / 5:15 p.m. PT
Location: Snapdragon Stadium (San Diego, CA)
Referee:
Starting lineups:
USA (4-4-2 diamond, right to left): 1. Naeher (GK) — 23. Fox, 12. Davidson, 4. Girma, 19. Dunn — 10. Horan, 17. Coffey, 16. Lavelle, 15. Albert — 22. Rodman, 7. Morgan.
Brazil (3-4-3, right to left): 1. Luciana (GK) — 2. Antonia, 3. Tarcianne, 5. Ferreira — 20. Sampaio, 21. Santos, 6. Ribiero, 11. Leal — 10. Beatriz, 9. Nunes, 18. Portilho.
30 mins to kickoff: This will be the fourth all-time matchup between these two national teams in finals alone. The U.S. has won each of the previous three, all by a one-goal margin.
In fact, the first of these meetings was in the 2000 CONCACAF Women’s Gold Cup final, in which a 44th minute goal from Tiffeny Milbrett was enough to give the U.S. a 1-0 victory in Foxboro, MA. They also met in the 2004 Olympics gold medal match in Athens, a 2-1 win for the USWNT thanks to a 122nd minute winner by Abby Wambach.
Most recently, the U.S won a 1-0 victory in the 2008 Olympics as a 96th minute goal by Carli Lloyd secured the gold medal for the United States.
Arriving at The Snap 🚌 pic.twitter.com/xEU0auCVuH
— U.S. Women’s National Soccer Team (@USWNT) March 10, 2024
45 mins to kickoff: There’s a big call for Brazil too, as head coach Arthur Elias chooses to bench veteran forward Debinha, with Gabi Nunes given the start up front. Nunes plays for Levante in Spain, with seven goals and three assists in 18 top flight games this season.
It’s fitting, too, because today is Nunes’ birthday, she turns 27 on the day of the final!
1 hour to kickoff: The U.S. lineup is in! It’s a big call from Twila Kilgore as young breakout star Jaedyn Shaw is benched as the USWNT go with four midfielders.
20-149 – At 20 years, 149 days old, Korbin Albert is the second-youngest player to start for the @USWNT in a competitive final in the last 30 years (Mallory Swanson – 17 years, 298 days in the 2016 Olympic Qualifying Final). Trust. pic.twitter.com/xArU1Zh1JQ
— OptaJack⚽️ (@OptaJack) March 10, 2024
1 hour 30 mins to kick: Brazil has conceded one goal the entire W Gold Cup tournament, but they suffered a massive blow ahead of the final against the U.S. The side’s most experienced defender, Rafaelle, will miss the match after fracturing her left foot during the semifinal win over Mexico.
That could mean a bigtime spot start for 21-year-old defender Laruen, who signed with the Kansas City Current last year and has yet to break into the first team squad.
❌️🇧🇷 Rafaelle NO JUGARÁ la FINAL de la #CopaOroW.
La defensora y capitana de Brasil sufrió una fractura en el quinto metatarsiano del pie izquierdo y fue apartada de las actividades de la verdeamarela. pic.twitter.com/peUUITOMoO
— Mundo Pelota (@mundopelotanet) March 10, 2024
1 hour 45 mins to kick: After finally returning from nearly two years on the sidelines with an ACL injury, Catarina Macario is thriving since her comeback for Chelsea. She scored off the bench in her debut for the club a week ago, and did the same in another substitute appearance today in the Women’s FA Cup.
The USWNT are enjoying a few breakout performances from forwards in this W Gold Cup, but what a massive boost an in-form Cat Macario would be in this summer’s Olympics if she can prove her value to the squad. They are in desperate need of a true No. 9, and while that’s not her best position, she’s proving capable in that spot. The possibility of Macario proving ready for an Olympic roster spot appears more and more likely each time she finds the back of the net.
Instant impact ⚡️@catarinamacario bags minutes after entering the field for @ChelseaFCW 🔵#AdobeWomensFACup pic.twitter.com/7F7Sa4pjz2
— Adobe Women’s FA Cup (@AdobeWFACup) March 10, 2024
2 hours to kickoff: In Wednesday’s mudbath, Alyssa Naeher cemented her place amongst USWNT goalkeeping lore with her penalty-shootout heroics, not only saving three Canadian efforts but also scoring one herself in a legendary performance.
Having already earned her 100th international cap in the win over Colombia days earlier, Naeher was the talk of the town after the game, as Sophia Smith and Alex Morgan were amazed with her starring role. “She was a hero tonight,” Smith said of the U.S. goalkeeper.
Who will be the hero against Brazil? If the U.S. is to take home the silverware, they’ll need at least one player to step up into that role.
“Every single person contributed in some way… That just says a lot about the group that we have right now and this common mind, common goal.”@USWNT goalkeeper @AlyssaNaeher sat down with @jennyachiu to reflect on her heroics and the journey that led them to the @GoldCup final… pic.twitter.com/3l6dPgGEdK
— Attacking Third (@AttackingThird) March 10, 2024
Interim head coach Twila Kilgore has upended the natural order of the USWNT starting lineup, using some of the team’s most popular regulars like Sophia Smith, Rose Lavelle, and Emily Sonnett as impact subs through the quarterfinals and semifinals to great effect.
Instead, Jaedyn Shaw has been prolific in a starting role, while Korbin Albert and Sam Coffey have been the ones to start in midfield. The center-back pairing of Naomi Girma and Tierna Davidson has been solid, but Emily Fox struggled defensively against Canada.
USA starting lineup (4-4-2 diamond): Naeher (GK) — Fox, Davidson, Girma, Dunn — Horan, Coffey, Lavelle, Albert — Rodman, Morgan.
USA subs (11): Murphy (GK), Campbell (GK), Dahlkemper, Sauerbrunn, Nighswonger, Krueger, Sonnett, L. Williams, Purce, Moultrie, Shaw.
Other than the recent retirement of Marta, all other Brazilian veterans are still producing at a high level. Most notably, striker Debinha is going strong at 32 years old, supported by a host of quality attacking talent.
Her club teammate at KC Current, Bia Zaneratto, also sports over 100 international caps and comes off the bench. Manchester United’s 25-year-old forward Geyse has also made an impact as a substitute, but Orlando Pride defender Rafaelle will miss this match due to a fractured foot, which is a major blow to Brazil’s stout defense.
Brazil starting lineup (3-4-3): Luciana (GK) — Antonia, Tarcianne, Ferreira — Sampaio, Santos, Ribiero, Leal — Beatriz, Debinha, Portilho.
Brazil subs (11): Amanda (GK), Yasmim, Bia Menezes, Ary, Bianchi, Milene, Duda Santos, Vitoria, Zaneratto, Geyse, A. Gomes.
The English-language broadcast rights in the USA to the entire 2024 W Gold Cup are owned by CBS Sports, who are streaming every match exclusively on Paramount+ including the final between USA and Brazil.
There is also a Spanish-language broadcast on ESPN Deportes, which can be streamed on Fubo, who offer a free trial for new users. This can also be streamed on ESPN+ or WatchESPN.
After Alyssa Naeher and Sophia Smith’s efforts secured the U.S. women’s national team’s 3-1 victory over Canada, the USWNT has just one game left between them and the W Gold Cup trophy: USWNT vs. Brazil in the Concacaf W Gold Cup final — which kicks off tonight at 7:15 p.m. on Paramount+. The battle to be the best in the Americas comes to a head tonight when the USWNT face off against Brazil. Here’s what you need to know about watching the Gold Cup final.
Date: Sunday, Mar. 10
Time: 7:15 p.m. ET
Game: Concacaf W Gold Cup – USWNT vs. Brazil
TV channel/streaming: Paramount+, ESPN+, ESPN Deportes
The USWNT vs. Brazil match begins at 7:15 p.m. ET tonight.
The 2024 Concacaf W Gold Cup will be aired across a mix of CBS and Paramount+ for English coverage, and ESPN and ESPN+ for Spanish coverage.
Tonight’s USWNT vs. Brazil match will air in English on Paramount+ and in Spanish on ESPN Deportes and ESPN+.
Paramount+ has two tiers available: a $6/month ad-supported tier and a $12 premium tier that’s ad-free and includes live access to your local CBS channel.
In addition to sporting events such as the Concacaf W Gold Cup, Premier League and Champions League games, Paramount+ offers a host of other hit shows, new and classic movies and live sporting events. Unlike a lot of other streaming services these days, Paramount+ still offers a one-week free trial — so new subscribers can sign up to watch Lazio vs. Bayern this weekend and check out the rest of the Paramount+ library totally free for seven days.
If Sophia Smith sounded especially reflective after the U.S. women’s national team’s penalty shootout win against Canada in the W Gold Cup semifinal on Wednesday, it was with good reason.
Her interim coach Twila Kilgore shared that the striker teared up at the end of the game, which saw her score a goal in extra time and bury a penalty kick in the shootout.
The culmination of the sequence was a far cry from Smith’s painful tears that fell last year. For a goalkeeper who’s often emotionless, Naeher’s wry celebratory smile was equally powerful.
So often, a team’s tournament performance is remembered for the performances of their striker and goalkeeper. In this Gold Cup, the U.S. women’s national team program is no exception. Read more below.
GO FURTHER
USWNT’s Sophia Smith, Alyssa Naeher vanquished World Cup demons en route to Gold Cup final
Gold Rate Today In India: On March 10, 2024, gold rates in India experienced fluctuations. However, the fundamental price for 10 grams stayed close to Rs 65,000. A detailed examination revealed that the average price for 10 grams of 24-carat gold was approximately Rs 66,270, while 22-carat gold averaged around Rs 60,750.
At the same time, the silver market displayed an upward trend, reaching Rs 75,700 per kilogram.
Gold rate today in India: Retail gold price on March 10
Gold Rate Today In Delhi
As of March 10, 2024, in Delhi, the current price for 10 grams of 22-carat gold is approximately Rs 60,900, whereas 10 grams of 24-carat gold is priced at around Rs 66,420.
Gold Rate Today In Mumbai
Currently in Mumbai, the price of 10 grams of 22-carat gold stands at Rs 60,750, while the equivalent amount of 24-carat gold is valued at Rs 66,270.
Gold Rate Today In Ahmedabad
In Ahmedabad, the price for 10 grams of 22-carat gold is Rs 60,800, and for the same amount of 24-carat gold, it’s Rs 66,320.
Check gold rates today in different cities on March 10, 2024; (In Rs/10 grams)
City | 22 Carat Gold Price | 24-Carat Gold Price |
Chennai | 61,500 | 67,100 |
Kolkata | 60,750 | 66,270 |
Gurugram | 60,900 | 66,420 |
Lucknow | 60,900 | 66,420 |
Bengaluru | 60,750 | 66,270 |
Jaipur | 60,900 | 66,420 |
Patna | 60,800 | 66,320 |
Bhubaneshwar | 60,750 | 66,270 |
Hyderabad | 60,750 | 66,270 |
Multi Commodity Exchange
On March 8, 2024, the Multi Commodity Exchange (MCX) saw active trading in gold futures contracts expiring on April 5, 2024. These contracts were priced at Rs 66,019 per 10 grams. Additionally, silver futures contracts expiring on May 3, 2024, were quoted at Rs 74,280 on the MCX.
Retail Cost of Gold
The retail price of gold in India, often referred to as the gold rate, is the final cost per unit weight that customers pay when purchasing gold. This price is influenced by several factors beyond the inherent value of the metal itself.
Gold is highly important in India because of its cultural significance, its value for investment, and its traditional role in weddings and festivals.
top videos
“Sorry Papa”: Student Dies By Suicide In Rajasthan’s Kota, 6th This Year | English News | N18V
US Coast Guard Investigating Oil Spill off California Coast | U.S News | English News | N18V
Lok Sabha Elections 2024 | BSP Will Fight Lok Sabha Elections 2024 Alone | English News | News18
Bhopal News Today | Massive Fire Breaks Out At Vallabh Bhavan State Secretariat In Bhopal | News18
BJP And TDP To Join Hands Ahead Of Lok Sabha Elections 2024 | Congress News | J P Nadda | News18
2024 Outlook
As per the recent statement from the All India Gem and Jewellery Domestic Council (GJC), they anticipate that ongoing global economic uncertainties and geopolitical tensions will drive gold prices to reach a historic peak of Rs 70,000 per 10 grams in the coming year. This projection highlights gold’s role as a reliable investment and a valuable safeguard against inflation.
first published: March 10, 2024, 09:30 IST
Archaeologists from Sweden have unearthed thousands of medieval objects among which a gold ring with Christ’s face was discovered, CBS News reported.
The gold ring which reportedly belongs from the 15th century has a carved figure of Jesus Christ in the middle. The new-looking ring is small in size and archaeologists believe it to be of a female.
Before this similar type of jewellery was found in other parts of Sweden and Finland.
The archaeologists were excavating the coastal city of Kalmar in Southwest Sweden. It is part of the National Historical Museums Agency (NHMA).
Researchers investigating the area found 50 medieval plots, small everyday objects, and alsengem which researchers believe might have been used as a religious amulet, among other things.
Major findings include buildings, cellars, 10 streets, and parts of an old wall.
According to researchers, the discoveries date back from 1250AD to 1650AD, with the smallest items almost dating back to 400 years ago.
The NHMA has labelled the investigation results as “beyond all expectations.”
The medieval city is believed to have been destroyed by battle in the 1600s, however despite the damage, large areas remain unexcavated.
Magnus Stibéus, a project manager at the Archaeologists says, “We have been able to lift the lid on the city’s Middle Ages and have had the opportunity to study how people lived, what they ate and drank, and how this changed over time.”
Gold prices surged to a new peak, soaring to ₹65,298 per 10 grams on the MCX, indicating a notable increase of over ₹2,700 within the initial week of March last week on Thursday. This remarkable uptrend in the value of the precious metal is primarily attributed to the anticipation of an interest rate cut by the US Federal Reserve in June.
This expectation has ignited bullish sentiments in both domestic and international markets, further fueling the rise in gold prices.
Chair Jerome Powell’s indication of the Central Bank’s possible rate reduction in the coming months boosted market confidence, resulting in gold reaching a fresh high of $2,152 in international markets on Wednesday.
Also read: Gold and silver prices Today on 08-03-2024 : Check latest rates in your city
International gold prices ended February 0.25% lower at $2032.8 per ounce, whereas, domestic prices closed 0.67% lower.
On the other hand, MCX Silver witnessed a downtrend following its positive closure on Wednesday last week. By around 9:30 am, it was observed trading at ₹74,015 per kg, reflecting a decrease of ₹123 or 0.17%. However, despite this short-term setback, silver futures have depicted a significant rise of almost ₹2,859 or 4.01% in March. On a year-to-date basis, they have experienced a marginal decline of 0.39% or ₹292, according to analysis provided by the commodity and currency expert.
The surge in gold prices can be attributed to the decline in the dollar index (DXY), which has once again dipped below the 104 mark. Presently, it stands at 103.80 against a basket of six major currencies, showing a degree of stability. Over the past five trading sessions, the dollar index has experienced a 0.17% depreciation.
Also read: Gold rate today hits new high as US Fed testimony pulls down US dollar index to 5-week low
“Despite this unwinding of rate cut expectations, gold is showing relative resilience. Geopolitical tensions in the Middle East and global growth concerns are acting as tailwinds. While the US economy has managed to weather high borrowing costs and tight credit conditions thanks to US fiscal spending and consumers running down their savings, the support from these factors is expected to wane in 2024, dragging down growth. Rising credit card and auto delinquencies in the US signal weakness ahead. US inflation too is slowly but steadily progressing towards the Fed’s 2% target, which too should support rate cuts. Additionally, the rapidly increasing interest costs on the $34 trillion US national debt too is expected to weigh on policymakers’ decision making, prompting them to cut rates,” said Chirag Mehta, Chief Investment Officer, Quantum AMC.
According to data by the World Gold Council, central banks’ acquisitions of gold in 2023 amounted to 1,037 tonnes, falling slightly short of the record established in 2022.
“We believe this trend is likely to continue this year amid geopolitical tensions and the uncertainty on the macroeconomic front and act as a soft support for gold prices. As aggressive bets on Fed rate cuts unwind, global Gold ETFs have seen net outflows. Domestic gold ETFs on the other hand saw inflows of 657 crores in January probably driven by investors’ need to diversify their investments given that equity markets are gradually getting expensive,” Mehta said.
He further added, “Gold prices could remain choppy in the months ahead as the market reacts to geopolitical developments and US monetary policy. Medium term outlook for the precious metal looks promising given the imminent turn in US interest rate cycle.”
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it’s all here, just a click away! Login Now!
By
Mar 9, 2024 | 3:43 PM
CORTINA D’AMPEZZO, Italy — Eliot Grondin took home the gold medal in snowboard cross at the FIS World Cup on Saturday.
The Quebec native won all four of his races to take home his fifth gold of the season, while also finishing with the fastest qualifying time (38.60).
American Jake Vedder finished with silver, while Australian Jarry Hughes rounded out the top three.
Grondin sits atop the leader board after netting two back-to-back silver medals in World Cup snowboard cross action in Spain last week.