first published: March 14, 2024, 11:29 IST

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Saigon Jewelry Company gold bar price rose 0.75% to VND81.1 million ($3,283.73) per tael Thursday.

The gold price today in Delhi is 6049 per gram for 22 karat gold and 6598 per gram for 24 karat gold.

The price of gold in India today is 6,034 per gram for 22 karat gold and 6,583 per gram for 24 karat gold

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Check Gold Price In Your City Today On 14th March 2024

Gold Price Today In Mumbai

The price of gold in Mumbai is 6034 per gram for 22 karat gold and 6583 per gram for 24 karat gold.

Gold Price Today In Kolkata

The gold price today in Kolkata is 6034 per gram for 22 karat gold and 6583 per gram for 24 karat gold.

Gold Price Today In Chennai

The Gold price today in Chennai is 6109 per gram for 22 karat gold and 6664 per gram for 24 karat gold.

Gold Price Today In Delhi

The gold price today in Delhi is 6049 per gram for 22 karat gold and 6598 per gram for 24 karat gold.

Gold Price Today In Thane

The gold price today in Thane is 6034 per gram for 22 karat gold and 6583 per gram for 24 karat gold.

Gold Price Today In Surat

The gold price today in Surat is 6039 per gram for 22 karat gold and 6588 per gram for 24 karat gold.

Gold Price Today In Pune

The gold price today in Pune is 6073 per gram for 22 karat gold and 6625 per gram for 24 karat gold.

Gold Price Today In Nagpur

The gold price today in Nagpur is 6034 per gram for 22 karat gold and 6583 per gram for 24 karat gold.

US Open champion Coco Gauff, who celebrated her 20th birthday with a “straightforward” victory at Indian Wells on Wednesday, says on-court goals are her priority for the next decade.

“Tennis goals, definitely to win some more slams, and I want to medal at this Olympics or 2028,” Gauff said after cruising past Elise Mertens 6-0, 6-2 to reach the quarter-finals in the California desert.

“Life goals, honestly, I haven’t thought that far,” she said.

“I’m not trying to get married or anything,” she added with a smile. “Definitely no kids.

“Just tennis right now, and we’ll see where life takes me off the court.”

With her birthday falling in the midst of a prestige tournament, Gauff wasn’t planning any major celebration. In fact, she said, even thinking of a gift for herself was hard.

“I haven’t gotten anything for myself,” she said. “I always forget, to be honest.

“I always say I’m going to get myself something. I still haven’t gotten myself anything from US Open! I always say I’m going to buy myself (something) and I just forget.

“I do have gifts in my hotel room that have to be opened today.”

One reason it might be so hard to reward herself, Gauff hinted is that “the things that I want I can’t buy.”

“I mean, the things that I want I already have. You know, I’m healthy, happy, on tour, living the dream.”

Gauff, who made her WTA debut shortly after her 15th birthday in the main draw at Miami, said the celebrity that has come with her success — including lately a Vogue cover story — sometimes flummoxes her.

“I guess everything with off-court, that’s definitely more the “why me” part,” she said. “Because winning was always something I just envisioned myself doing, just because that’s just what every tennis player envisions.

“Definitely the off-court stuff, when it comes to the covers and the attention from other celebrities or just people in general, it is kind of like, I don’t know why people gravitate to me so much.

“But I definitely do appreciate it and it makes me feel loved and I hope I can make other people feel the same way.”

bb/rcw

Major U.S. equities indexes were mixed Wednesday as the rally in the tech sector lost steam in the midweek trading session.

Following Tuesday’s report showing higher-than-expected inflation in February, investors will get a look at that month’s retail sales and Producer Price Index (PPI) data on Thursday. The reports will serve as additional data points for the Federal Reserve as it evaluates potential interest rate cuts.

The S&P 500 slid 0.2%, receding from Tuesday’s record close. The underperforming tech sector contributed to declines of 0.5% for the Nasdaq, while the Dow was up 0.1%

After gold prices slipped on Tuesday, the rally in the precious metal regained momentum, providing a boost to mining stocks. Shares of Freeport-McMoRan (FCX), operator of the mine with the world’s largest known gold reserve, topped the S&P 500 on Wednesday, adding 7.6%.

Gold was not the only commodity trading higher on the day—crude oil futures prices also jumped roughly 3% following an unexpected withdrawal in U.S. crude inventories and Ukrainian strikes against Russian refineries. The higher prices helped underpin a strong performance by companies in the oil and gas sector. Valero Energy (VLO) shares were up 5.2%, while shares of Marathon Petroleum (MPC) and APA Corp. (APA) added 4.2% and 3.6%, respectively.

Shares of 3M Co. (MMM) moved 5.4% higher, adding to gains posted Tuesday after the conglomerate announced a leadership shakeup. Incoming CEO Bill Brown will take the reins as the company prepares to spin off its health care division and continues to face litigation related to “forever chemicals.”

Dollar Tree (DLTR) shares posted Wednesday’s weakest performance on the S&P 500, plummeting 14.2% after the discount retailer missed profit and sales estimates for the holiday quarter. The company also announced plans to close around 1,000 of its Family Dollar stores over the next few years, citing macroeconomic uncertainties and issues with the timely stocking of merchandise.

Shares of Fair Isaac Corp. (FICO) tumbled 6.2% amid reports that Senator Josh Hawley (R-Mo.) sent a letter to the Department of Justice requesting an investigation into anticompetitive practices by the credit reporting firm. According to Hawley’s criticism, because obtaining a loan from the Federal Housing Administration and other government entities requires a FICO score, the situation equates to a “government-granted monopoly.”

Tesla (TSLA) shares fell 4.5% after Wells Fargo downgraded the stock to underweight and slashed its price target to $125 from $200. Analysts said the electric vehicle (EV) giant is unlikely to generate sales growth in 2024, even as price cuts across various markets curtail profits.

“Today’s new resource estimate at Northwest Expo has exceeded our expectations of defining a 40-to-50-million-tonne resource within the gold enriched Zone 1,” Northisle president and CEO Sam Lee said in a release. “This sets a strong basis for the rapid advancement of a potential high margin, near surface deposit.”

Shares in Northisle rose more than 11% to C$0.44 apiece in Toronto on Wednesday afternoon, valuing the company at C$99.2 million. They’ve ranged from C$0.12 to C$0.49 over the past 52 weeks.

Northisle is working on a prefeasibility study for North Island and is considering a staged approach with lower capital spending than the C$1.4 billion estimate in a preliminary economic assessment (PEA) in 2021. The project, near BHP’s (NYSE: BHP; LSE: BHP; ASX: BHP) former Island copper mine in Vancouver Island’s far north, holds about 8 million oz. gold in resources.

The entire project holds 567.7 million indicated tonnes grading 0.2% copper, 0.3 gram gold per tonne and 0.007% molybdenum for 2.4 billion lb. copper, 4.9 million oz. gold and 88.2 million lb. molybdenum. It has 447.9 million inferred tonnes at 0.2% copper, 0.2 gram gold and 0.006% molybdenum for 1.4 billion lb. copper, 3 million oz. gold and 54.9 million lb. molybdenum.

Higher-grade areas

A staged development would prioritize the higher-grade areas of the Northwest Expo, Red Dog and Hushamu targets. Studying the concept is expected to be completed by July and form the basis for advanced economic and technical studies, it said.

Northisle is planning to drill after March to increase the indicated resource and to step out south of Zone 1 in Northwest Expo and at the West Goodspeed discovery.

The Northwest Expo target has a net smelter revenue value of C$55 per tonne for the indicated resource as a whole and C$67 per tonne for a higher-grade zone in it, which is more than twice the net smelter value in the project’s PEA, the company said. The project also has 88% gold and 76% copper recoveries and a strip ratio of 2.5:1 waste vs ore, it said.

North Island has an after-tax net present value of C$1.1 billion with an 8% discount rate and a 19% internal rate of return, according to the PEA. The study assumed metal prices of $3.25 per lb. copper, $1,650 per oz. gold and $10 per lb. molybdenum.

The project lies on a 340-sq.-km property stretching 50 km northwest from the now closed Island copper mine. BHP produced copper and molybdenum concentrates there, as well as gold, silver and rhenium as by–products, from 1971 to 1995.

Commodity experts are coming out of the woodwork with gold price predictions after Carley Garner, co-founder of brokerage firm Decarley Trading, stated she expects the bullion will reach $2,600 per ounce.

Indeed, in an interview with Kitco News, Garner affirmed her belief that gold is on a long-run to $2,600 — but that it may be worth waiting for a correction before buying in.

“The nice thing about breakouts is they have a habit of retesting the breakout area. I Think [sic] gold is going much higher; my weekly charts and monthly charts are telling me somewhere around $2,600, maybe even a little more than that,” Garner said.

“Gold is really tough because of the way it trades. It will literally trade sideways for four years like we just did, and then when nobody’s watching it and no one’s expecting it, it rallies. Gold and silver are the markets that invented the FOMO trade.”

Gold is in the midst of a seven-day rally, trending around its highest level ever at nearly $2,200 an ounce. Garner believes the yellow metal may pull back as low as $2,050 before soaring back up.

According to Garner, even given gold’s recent rally, it may still be notably undervalued compared to the likes of the S&P 500 and many of the highest-valued tech companies in the world.

Reasonably so, the S&P is up 9% so far this year and 34% over the past twelve months. The fastest-growing tech company in recent memory, Nvidia (NASDAQ:NVDA) is up a staggering 87% this year, up nearly 300% over the past twelve months. Despite its recent growth spurt, gold is only up 5% year-to-date and 13% in the past year.

Carley Issues Bullish Gold Price Predictions as Economic Uncertainty Looms Over Stock Market

Carley speculates gold may be responding to the recent surge of Nvidia and Bitcoin (BTC-USD), which has also experienced rapid growth recently:

“It’s almost like, gold and silver saw what was going on in Bitcoin and NVIDIA and said, ‘hold my beer.’ Now it’s Gold’s turn. There’s a lot of COVID cash out there that is still working its way through the system. We’re not done with all that liquidity.”

For Carley, the recent run-up in stocks may be preceding a major correction. On the other hand, gold is at a relatively reasonable price even now.

“Everyone’s be talking about rising inflation and geopolitical risks. We have all these things going on and gold just could not get out of its own way. Well, guess what? Gold is finally starting to react. These risks are only going to grow. But Now [sic] people are going to say, wait a minute, we need some protection, so gold still has some catching up to do.”

On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

The metals are shining today.

Gold rose to a fresh high after the latest US 30-year auction, adding $2 to a $20 gain and rising to $2177 on the day. That’s about $16 shy of last week’s all time high.

Copper and silver are looking to join the gold breakout. Copper is up 3.1% today in a break above $4 for the first time in seven months. Chinese smelters are struggling to find copper concentrates with stockpiles recovering from the lowest in at least a decade.

There’s something of an inverted head-and-shoulders pattern on the copper chart that targets $4.25/$4.30.

Gold, meanwhile, is up 0.9% as it consolidates after an eight-day run to record highs. Heavy selling yesterday after CPI was met with buyers today on speculation that China’s central bank is buying heavily, along with perhaps Russia and other BRICS countries moving away from USD reserves.

(Kitco News) – Gold and silver prices are higher and near their daily highs near midday Wednesday. Bullish near-term technical postures and positive outside-market forces (weaker USDX and firmer crude oil) are supporting buying interest in both precious metals today. April gold was last up $9.50 at $2,175.90. May silver was last up $0.361 at $24.76.

The marketplace has digested Tuesday’s U.S. consumer price index for February that came in a bit warmer than expected, at up 3.2%, year-on-year, versus market expectations for a rise of 3.1%, and compares to a rise of 3.1% seen in the January report. The core CPI number for February was up 3.8% compared to expectations of up 3.7% and up 3.9% seen in the January report. The slightly warmer CPI readings followed the slightly warmer-than-expected CPI report for January. Thursday’s February producer price index report is now in focus. PPI in February is seen coming in up 0.3%, month-on-month, following a 0.3% rise in the January report. More warm U.S. inflation readings in the coming weeks may prevent the Federal Reserve from cutting interest rates as soon as it had just recently anticipated.

Asian and European stock markets were mixed in overnight trading. U.S. stock index futures are mixed near midday but not far below their recent record highs.

The key outside markets today see the U.S. dollar index weaker. Nymex crude oil prices are higher and trading around $79.25 a barrel. The yield on the benchmark 10-year U.S. Treasury note is presently fetching around 4.2%.

Technically, April gold futures bulls have the strong overall near-term technical advantage. A steep four-week-old uptrend is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close above solid resistance at the contract high of $2,203.00. Bears’ next near-term downside price objective is pushing futures prices below solid technical support at $2,100.00. First resistance is seen at Tuesday’s high of $2,190.80 and then at the contract high of $2,203.00. First support is seen at today’s low of $2,161.30 and then at this week’s low of $2,156.20. Wyckoff’s Market Rating: 8.5.

May silver futures prices were poised to close at a nine-week-high close today. The silver bulls have the overall near-term technical advantage. Silver bulls’ next upside price objective is closing prices above solid technical resistance at $26.00. The next downside price objective for the bears is closing prices below solid support at $23.00. First resistance is seen at this week’s high of $24.90 and then at $25.00. Next support is

seen at this week’s low of $24.22 and then at $24.00. Wyckoff’s Market Rating: 6.5.

May N.Y. copper closed up 1,085 points at 404.05 cents today. Prices closed near the session high and hit an 8.5-month high. The copper bulls have the solid overall near-term technical advantage and gained more power today. Prices are in a steep four-week-old uptrend on the daily bar chart. Copper bulls’ next upside price objective is pushing and closing prices above solid technical resistance at 415.00 cents. The next downside price objective for the bears is closing prices below solid technical support at this week’s low of 387.85 cents. First resistance is seen at today’s high of 404.30 cents and then at 407.50 cents. First support is seen at 400.00 cents and then at 395.00 cents. Wyckoff’s Market Rating: 8.0.

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