#GRAVITAS | U.S. Commerce Secretary Howard Lutnick claims as many as 1,000 gold cards have been sold in a single day and their sales are only climbing with more and more people lining up to get their hands on them. Watch this video to find out more.

Trump's $5M gold card is a ticket to the American dream

Gold’s price rally has been the only constant in an otherwise volatile market. Now, this surge is fueling a renewed interest in gold mining stocks. In 2024, investors largely avoided gold mining stocks, favouring physical gold and derivatives. However, with stronger cash flows expected, investor sentiment is shifting back to gold mining equities.

Low valuations make gold mining stocks attractive again

Gold's burgeoning safe-haven appeal keeps the yellow metal well bid. The precious metal jumped 1.7% to a new record high and is now only $15 away from the $3,000 barrier. The tit-for-tat tariffs scenario playing out is adding to the metal's shine, with top banks upgrading their forecasts even further to a high of $3,500.

Gold breaks above $2,930, hits new record high

The Moon's unique environment offers invaluable opportunities for astronomical research. However, large-scale mining operations could disrupt these scientific endeavors. For instance, the lunar far side provides a radio-quiet zone ideal for studying cosmic phenomena. Watch to know more.

Lunar Gold Rush: NASA rushing to mine the moon

The one-of-a-kind 98 kg gold toilet was stolen in under five minutes from Blenheim Palace, in the predawn hours of September 14, 2019, a prosecutor told jurors on Monday (February 24). Watch this report for more details!

98 Kg gold-toilet stolen from Blenheim Palace: UK court hears case after five years

The one-of-a-kind 98 kg gold toilet was stolen in under five minutes from Blenheim Palace, in the predawn hours of September 14, 2019, a prosecutor told jurors on Monday. Watch this report for more details!

98 kg gold-toilet stolen: Stunning revelations in court hearing

For centuries, gold has been more than just an ornament in Indian households—it has symbolised security and prosperity.

But today, the way Indians invest in gold is changing.

Is gold moving from lockers to digital portfolios?

Let’s delve into the numbers and the trends driving this shift.

Take a look…

Household gold: India’s most undervalued asset?

Goldman Sachs has raised its year-end 2025 gold price forecast to $3,100 per ounce, up from its previous estimate. The investment bank attributes this upward revision to sustained central bank demand, which is expected to add 9% to gold prices by the end of the year.

Goldman Sachs lifts 2025 gold forecast to $3,100

Gold smuggling cases are surging in Japan on the back of the rising price of the precious metal and the recovery of overseas tourists following the COVID-19 pandemic. Watch this report for more details!

Japan: Gold smuggling cases surge by 30%

Gold prices soared to a record high on Monday as investors turned to safe-haven assets following US President Donald Trump's decision to impose tariffs on Canada, and Mexico. Watch this report for more details!

Gold prices hit record high as Trump tariffs spur safe-haven buying

You might want to think about switching careers if you love money but don't currently work in crypto.

A recent survey found that crypto job salaries are 153 percent more than the average salary in comparable sectors.

This next report brings you more as we decode the survey findings on crypto sector's pay averaging more than other industries.

Crypto Industry's Solid Rise Offers Higher Pay | World Business Watch

India has made an unprecedented revision to its november gold import estimates, slashing the figure by $5 billion. Initially reported at a record $14.8 billion, the revised data from the directorate general of commercial intelligence and statistics shows imports were actually $9.84 billion.

India revises november gold imports, cuts estimates by $5Bn

China's gold demand surged dramatically in November 2024, with imports through Hong Kong more than doubling from the previous month. This surge in imports represents the highest level China has seen since April 2024. The total gold imports via Hong Kong also rose sharply by 60 percent, the highest level in eight months. Watch in for more details!

China's Gold Imports Via Hong Kong Jump 115% In November

Rolex watches are seeing significant price rises in 2025, primarily driven by the rising cost of gold.
According to CNN Business, gold watches from the Swiss luxury brand saw price hikes of up to 14 per cent. In contrast, steel models experienced a modest 3 per cent price increase.
Also read: <a href="https://www.wionews.com/world/thailand-pm-declares-usd-400mn-in-assets-owns-217-designer-bags-75-luxury-watches-8589407">Thailand PM declares USD 400mn in assets, owns 217 designer bags, 75 luxury watches</a>
The Daytona model, one of Rolex&rsquo;s most popular, experienced the steepest rise, with the white gold version with the OysterFlex bracelet now priced at $38,100, up from $35,000 last year. The GMT-Master in yellow gold also saw a 7 per cent increase. It is currently priced at $43,300.
Rolex attributed the increases to the escalating price of gold. The yellow metal surged 27 per cent in 2024.
This price spike occurred as central banks cut interest rates, making gold more appealing to investors seeking a safe haven during economic uncertainty and inflationary periods.
<h2>Strategic Decision?</h2>
Higher prices are unlikely to discourage affluent buyers, who are less impacted by market changes. Experts have said price hikes are often a strategic decision rather than a cause for customer loss.
Also read: <a href="https://www.wionews.com/world/designer-handbags-and-jewellery-worth-over-12-stolen-from-london-home-8580779">Designer handbags, jewellery worth over $12 million stolen from London home of influencer</a>
Gold prices are anticipated to remain high in 2025, supported by a stronger US dollar and lower interest rates. This may keep the demand for luxury gold watches steady in future as well.
(With input from agencies)

Business & Economy: Rolex watch prices are rising due to surging gold costs, with gold models increasing by up to 14 per cent in 2025. 

Rolex watches are seeing significant price rises in 2025, primarily driven by the rising cost of gold. According to CNN Business, gold watches from the Swiss luxury brand saw price hikes of up to 14 per cent. In contrast, steel models experienced a modest 3 per cent price increase. Also read: Thailand PM declares USD 400mn in assets, owns 217 designer bags, 75 luxury watches The Daytona model, one of Rolex’s most popular, experienced the steepest rise, with the white gold version with the OysterFlex bracelet now priced at $38,100, up from $35,000 last year. The GMT-Master in yellow gold also saw a 7 per cent increase. It is currently priced at $43,300. Rolex attributed the increases to the escalating price of gold. The yellow metal surged 27 per cent in 2024. This price spike occurred as central banks cut interest rates, making gold more appealing to investors seeking a safe haven during economic uncertainty and inflationary periods. Strategic Decision? Higher prices are unlikely to discourage affluent buyers, who are less impacted by market changes. Experts have said price hikes are often a strategic decision rather than a cause for customer loss. Also read: Designer handbags, jewellery worth over $12 million stolen from London home of influencer Gold prices are anticipated to remain high in 2025, supported by a stronger US dollar and lower interest rates. This may keep the demand for luxury gold watches steady in future as well. (With input from agencies)

Gold surge pushes Rolex watch prices up by 14% in 2025

Amid financial tightening in the market, an intense surge has been witnessed in the demand for gold loans as the gold prices keep rising and access to unsecured credit keeps getting tightened.

Amid financial tightening in the market, an intense surge has been witnessed in the demand for gold loans as the gold prices keep rising and access to unsecured credit keeps getting tightened. In India, gold loans soared by 51 per cent in the month of September, whereas personal loans grew by 11.4 per cent. In this uncertain financial climate, as borrowers continue to seek gold-backed loans, the question arises: how good is it as a collateral-based and reliable alternative? What drives gold loans towards popularity? Explaining this surge in demand for gold loans over personal loans, Founder of Radian Finserv Sumit Sharma said, "The surge in gold loans compared to personal loans can partly be attributed to a tightening of credit in the personal loan and credit card space. In such environments, consumers typically shift towards more accessible and collateral-backed options, with gold loans emerging as the preferred alternative, demonstrating a clear instance of credit migration." Also Read: Money-Wise: Planning to invest in gold? Here's why you should ditch physical and go for digital "Moreover, the recent increase in gold prices has played a key role in enhancing Loan-to-Value (LTV) ratios, which now ranges between 60-62%. This higher LTV provides a greater cushion for both lenders and borrowers, further making gold loans an attractive option," he said. Sharma said that the growth may also have been driven by the rise in the value of gold, as the remaining growth stemmed from an increase in loan volumes. Watch: Is Bitcoin Turning Into A Store Of Value Like Gold? "When access to microfinance or personal loans is limited due to tightened disbursements, individuals are more willing to leverage their available gold to unlock its value. This shift underscores the growing appeal of gold loans as a practical solution, offering borrowers the flexibility to meet their financial obligations while minimising the risks associated with unsecured borrowing," he said. How do gold loans benefit the borrowers? For those planning to seek gold loans in future, Sumit Sharma, Founder of Radian Finserv, explains how it can prove beneficial for borrowers and whether you should go for it or not. The collateral-backed nature of gold loans ensures greater security for both borrowers and lenders in these volatile times. Further, gold loan products are typically designed in a manner that the borrower pays only the interest component during the tenure of the loan, and the principal is paid at the end. This is preferred by borrowers where the cash flow favours this arrangement, as against also paying part of the principal on an ongoing basis. Gold loans provide a unique value proposition for consumers, particularly in uncertain financial climates. They offer immediate liquidity with the security of collateral, especially when traditional credit avenues are less accessible. For lenders, gold loans present a relatively low-risk offering backed by tangible assets, albeit an operationally complex and demanding one.

Money-Wise: Demand for gold loans sees a surge. Is it a good option?

A new Guinness World Record has been set with the unveiling of the world's largest gold bar, weighing more than 300 kg, in Dubai.

World's Largest Gold Bar Unveiled in Dubai

Federal Reserve Chair Jerome Powell, speaking at the DealBook Summit, addressed common misconceptions surrounding Bitcoin (CRYPTO: BTC). Powell dismissed the idea that Bitcoin undermines the Federal Reserve or the stability of the U.S. dollar. He emphasized that Bitcoin is neither widely used as a payment method nor a dependable store of value due to its extreme price volatility. Watch to know more!

Is Bitcoin Turning Into A Store Of Value Like Gold? | GRAVITAS | WION

Federal reserve chair Jerome Powell bracketed gold and bitcoin as speculative assets. This has increased the raging global debate on gold vs bitcoin as assets with a store of value. Take a look at this next report for more...

Fed's Powell Puts Bitcoin and Gold in the Same Bracket

Global stocks paused on Wednesday and currencies were mixed as investors worried over the next potential target for U.S. tariffs under President-elect Donald Trump, a day after he pledged new levies on Canada, Mexico and China.

Gold Regains Its Shine: Up Around 0.3% | Asian Stocks Slide on Tariff Woes | WION

Gold prices surged to a one-week high in the previous session-- that was supported by a weaker U.S. Dollar, as investors awaited signals from federal reserve officials regarding the future of U.S. Interest rates. Watch in for more details!

Geopolitical Tensions Spark Interest In Gold

Gold prices continued to decline on Monday after logging its worst weekly fall in over five months on the rapid rally in the dollar post-Donald Trump's win. This comes on bets that trump's policies will be inflationary, pushing the fed to backtrack on its rate cuts. Watch in for more details!

Gold Logs The Biggest Weekly Fall

With the U.S. Election turning out to be one of the most tightly contested in recent history, gold prices soared to new heights last week, putting them on track for their greatest year since 1979.

Gold Soars In A Rush To Safe-Haven Assets

Let's look at wion's monthly global economic health check. First, let's look at how global markets performed in october. Broadly, commodities, digital assets and the dollar rose, driven by differing bets. Bitcoin surged over 10% on the so-called 'trump trade,' with the top token now on the verge of breaching its previous record high set in march. Gold was the other big benficiary in october.

Gold, Bitcoin Register Gains in a Volatile Month

Gold prices hit a new all-time high overnight due to increased demand for safe-haven assets amidst rising tensions in West Asia and as the last leg of the US Election race heats up. This surge has made gold more expensive, especially in top markets like Dubai. Record gold prices also comes as India celebrates the festival of lights during which the demand for the 'auspicious' yellow metal rises.

Gold Prices Reach A New High In International Markets

Why is gold glittering in a bullish market? Despite stable sentiment and strong earnings, the precious metal is on a relentless rally. Could geopolitical risks or shifting global inflation be driving this surge? Dive into the unexpected forces behind gold's rise and what it means for your portfolio. Watch in for more details!

Is Gold Transforming As An Asset Class?

Gold Rush: A Glittering Opportunity?

Gold hit a new high as speculators positioned for the US Presidential election. And West Asia tensions fueled demand. Still, Asia's benchmark stock index saw a moderate rise, driven by Chinese banks cutting rates to bolster the ailing economy. Watch in for more details!

Gold Climbs To A Fresh Record High On Safe-Haven Demand

Dubai is gearing up for Diwali. The city is all set for fireworks, with shows at Al-Seef and the Global Village. As jewellers across the nation prepare to showcase their collections, it is also time to buy gold in the Gulf.

It's Time to Buy Gold

Gold prices in India surged to an all-time high of Rs 76,700 per 10 grams on Wednesday, reflecting global trends. The rise comes as US 10-year bond yields dropped below the 4.05% mark, prompting increased demand for safe-haven assets like gold. Watch in for more details!

Gold Prices Hit Record High In India

As Diwali approaches many are mulling whether to invest in gold or stocks. Recently gold prices dipped in the Indian market influenced by global market trends and also geopolitical tensions however prices have risen over 25% since last festive season raising concerns about demand during the festive period. Watch in for more details!

Should You Buy Gold This Diwali?

Gold prices eased on Monday as bets firmed for a smaller US&nbsp;rate cut in November after a surprisingly strong jobs report, while market participants awaited inflation data and comments from Federal Reserve officials for further cues.

Spot gold slipped 0.2% to $2,647.43 per ounce by 0211 GMT. US&nbsp;gold futures were unchanged at $2,666.80.

The stronger-than-expected September jobs report, released on Friday, poured cold water on expectations of a large Fed rate cut next month, boosting the dollar.&nbsp;

Also read |&nbsp;<a bis_size="{&quot;x&quot;:88,&quot;y&quot;:145,&quot;w&quot;:391,&quot;h&quot;:16,&quot;abs_x&quot;:121,&quot;abs_y&quot;:1835}" href="https://www.wionews.com/business-economy/global-markets-surge-as-8-trillion-rally-faces-key-tests-765028">Global markets surge as $8 trillion rally faces key tests</a>

Traders now see a 93.4% probability that the Fed will cut rates by only a quarter of a percentage point in November, according to CME's FedWatch tool. They have scaled back expectations for a 50 basis-point cut to 0% from 28%.

"Geopolitical risks in the Middle East could support safe-haven flows for the yellow metal, which limit the downside from a less-dovish market rate pricing," IG market strategist Yeap Jun Rong said, adding that gold would remain supported with US&nbsp;election uncertainties ahead.

Bullion tends to be a preferred investment in a low interest rate environment and during political and economic uncertainties.

This week, market participants will focus on minutes of the Fed's last policy meeting, and the U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) data. A slew of U.S&nbsp;central bank officials are also speaking this week.

In the Middle East, Israel bombed Hezbollah targets in Lebanon and the Gaza Strip on Sunday ahead of the one-year anniversary of the Oct. 7 attacks that sparked its war, as Israel's defence minister declared all options were open for retaliation against arch-enemy Iran.

Also read |&nbsp;<a href="https://www.wionews.com/business-economy/bond-traders-brace-for-no-landing-scenario-after-jobs-surge-765042">Bond traders brace for ‘No Landing’ scenario after jobs surge</a>

Elsewhere, China's gold holdings stood at 72.8 million fine troy ounces at the end of September, for a fifth straight month, data showed.

Spot silver was flat at $32.17 per ounce. Platinum gained 0.5% to $989.36 and palladium rose 1% to $1,022.20.

Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION&nbsp;audience. 
&nbsp;

Gold prices eased on Monday as bets firmed for a smaller US rate cut in November after a surprisingly strong jobs report, while market participants awaited inflation data and comments from Federal Reserve officials for further cues.

Gold prices eased on Monday as bets firmed for a smaller US rate cut in November after a surprisingly strong jobs report, while market participants awaited inflation data and comments from Federal Reserve officials for further cues. Spot gold slipped 0.2% to $2,647.43 per ounce by 0211 GMT. US gold futures were unchanged at $2,666.80. The stronger-than-expected September jobs report, released on Friday, poured cold water on expectations of a large Fed rate cut next month, boosting the dollar. Also read | Global markets surge as $8 trillion rally faces key tests Traders now see a 93.4% probability that the Fed will cut rates by only a quarter of a percentage point in November, according to CME's FedWatch tool. They have scaled back expectations for a 50 basis-point cut to 0% from 28%. "Geopolitical risks in the Middle East could support safe-haven flows for the yellow metal, which limit the downside from a less-dovish market rate pricing," IG market strategist Yeap Jun Rong said, adding that gold would remain supported with US election uncertainties ahead. Bullion tends to be a preferred investment in a low interest rate environment and during political and economic uncertainties. This week, market participants will focus on minutes of the Fed's last policy meeting, and the U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) data. A slew of U.S central bank officials are also speaking this week. In the Middle East, Israel bombed Hezbollah targets in Lebanon and the Gaza Strip on Sunday ahead of the one-year anniversary of the Oct. 7 attacks that sparked its war, as Israel's defence minister declared all options were open for retaliation against arch-enemy Iran. Also read | Bond traders brace for ‘No Landing’ scenario after jobs surge Elsewhere, China's gold holdings stood at 72.8 million fine troy ounces at the end of September, for a fifth straight month, data showed. Spot silver was flat at $32.17 per ounce. Platinum gained 0.5% to $989.36 and palladium rose 1% to $1,022.20. Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

Gold inches lower as US jobs data cements bets for smaller rate cut

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