This year's 30 per cent gold price rally, which took spot prices to a record high of $2,696.59 per troy ounce on Thursday, has been affecting physical demand in price-sensitive Asian markets
Inflows into these funds have increased by nearly 88 per cent since the beginning of 2024, totalling Rs 1,232.99 crore in September
The price of 22-carat gold also witnessed a rise of Rs 10, with ten grams of the yellow metal selling at Rs 71,410
If China's stimulus details prove to be convincing to investor community, it is highly likely that gold prices may come under increased downside pressure
Price of ten grams of 24-carat gold in Mumbai is in line with prices in Chennai, Bangalore, Kerala, Pune, Kolkata and Hyderabad at Rs 77,390
In Delhi, the price of ten grams of 22-carat gold stood at Rs 71,290 and in Bengaluru, and Chennai, ten grams of 22-carat gold was trading at Rs 71,140
China's stimulus plans also failed to inspire investor confidence while markets continued to watch for potential Israeli attacks on Iranian oil infrastructure
The price of 22-carat gold also witnessed a fall of Rs 10, with ten grams of the yellow metal selling at Rs 71,190
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad at Rs 77,410
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
Consumers are opting for lighter, more affordable jewellery to stay within budget
Silver price today: Silver prices crashed to their lowest level since September 19, on Tuesday, as commodities tumbled on multitude of bearish developments
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
Brent crude futures were down $3.70, or 4.57%, to $77.23 a barrel at 11:21 a.m. CDT (1621 GMT). U.S. West Texas Intermediate futures were down $3.57, or 4.63%, at $73.57 a barrel
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 potential escalation of the conflict has countered mounting demand-side pressures, said Priyanka Sachdeva, analyst at Phillip Nova
The precious metal had settled at Rs 78,450 per 10 grams in the previous close on Friday