Under the agreement, India agreed to import up to 200 metric tonnes of gold annually from the UAE with a one per cent tariff or duty concession under tariff rate quota (TRQ)
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,10,740
India's gold reserves climbed to $108 billion as global prices surged and the RBI added to its holdings, diversifying forex reserves amid rising global uncertainty
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,12,990
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,15,140
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,13,990
The precious metal of 99.9 per cent purity had closed at ₹1,32,400 per 10 grams on October 18
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,14,640
The price of 22-carat gold also decreased by ₹10, with ten grams of the yellow metal selling at ₹1,15,390
On the technical front, gold is supported by the 21-day moving average at $4,005
Brent crude futures rose $1.29, or 2.1%, to $62.61 a barrel by 11:09 a.m. EDT (1509 GMT), while U.S. West Texas Intermediate crude futures climbed $1.34, or 2.34%, to $58.58
The price of 22-carat gold also decreased by ₹10, with ten grams of the yellow metal selling at ₹1,16,600
Experts see near-term correction from profit-booking, but long-term bullishness intact
Brent crude futures were up 7 cents, or 0.11%, at $61.08 a barrel at 1320 GMT
The price of 22-carat gold also decreased by ₹10, with ten grams of the yellow metal selling at ₹1,19,790
Spot gold was up 0.3% at $4,259.84 per ounce, as of 0951 GMT. U.S. gold futures for December delivery climbed 1.5% to $4,275 per ounce
Traders described a growing panic as liquidity dried up. The cost of borrowing silver overnight soared to annualised rates of as high as 200%, according to consultancy Metals Focus
On the Multi Commodity Exchange (MCX), gold futures for December delivery climbed Rs 982, or 0.77 per cent, to Rs 1,27,990 per 10 grams in a business turnover of 14,913 lots
The price of 22-carat gold also decreased by ₹10, with ten grams of the yellow metal selling at ₹1,19,940
After hitting fresh highs in global and domestic markets, bullion may trade in a narrow range, with investors eyeing the US funding bill, key global data releases