Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
Spot gold at the time of the MCX closing was trading at $2624, up around 0.55 per cent on the day. The MCX December Gold contract at Rs 75,152 (LTP) was up nearly 0.30 per cent.
The price of 22-carat gold also witnessed a decline of Rs 10, with ten grams of the yellow metal selling at Rs 70,240
Spot gold was up 0.3 per cent at $2,615.19 per ounce, as of 0833 GMT. US gold futures edged 0.2 per cent higher to $2,632.30
The price of 22-carat gold also witnessed a decline of Rs 10, with ten grams of the yellow metal selling at Rs 70,290
Despite the increase in gold prices, the enduring appeal of gold during festive seasons and weddings remains strong
Even after the losses, gold prices are set for an over 25 per cent rise this year after prices hit a record peak of $2,685.42 on Sept. 26
Consumers are opting for lighter, more affordable jewellery to stay within budget
Spot gold crashed to breach the crucial support around $2620 on Tuesday as commodities witnessed across-the-board selling.
The price of 22-carat gold also witnessed a decline of Rs 10, with ten grams of the yellow metal selling at Rs 70,990
Spot gold fell 1.1 per cent to $2,615.50 per ounce by 12:19 p.m. ET (1619 GMT), falling for the fifth-straight session and moving further from the Sept. 26 record peak of $2,685.42
In Delhi, the price of ten grams of 22-carat gold stood at Rs 71,140 and in Bengaluru, and Chennai, ten grams of 22-carat gold was trading at Rs 70,990
The price of 22-carat gold also witnessed a decline of Rs 10, with ten grams of the yellow metal selling at Rs 71,190
The price of 22-carat gold also rose by Rs 100, with ten grams of the yellow metal selling at Rs 71,210
Gold price today: Gold prices are expected to be highly volatile on geopolitical worries and crucial nonfarm payroll report.
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Chennai at Rs 77,560
The price of 22-carat gold also rose by Rs 10, with ten grams of the yellow metal selling at Rs 71,010
Flare-up in West Asia, US elections, further rate cuts by Fed may keep fuelling bullish trend, say experts
The price of 22-carat gold also fell by Rs 10, with ten grams of the yellow metal selling at Rs 70,490
While banks are dominant in jewellery-backed agriculture loans, NBFCs lead in retail gold loans and are expected to expand at 17-19 per cent in FY25
The price of 22-carat gold also fell by Rs 10, with ten grams of the yellow metal selling at Rs 70,790