The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 74,490
oil market is expected to be oversupplied this year, after weak economic activity and energy transition efforts weighed heavily on demand in top-consuming nations the United States and China
Spot gold climbed 0.4 per cent to $2,719.52 per ounce by 1059 GMT, reaching its highest level since Nov. 6 and nearing the all-time high of $2,790.15 set in October
The tenders come more than a week after Washington announced sweeping sanctions targeting Russian producers and tankers
The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 74,510
The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 74,340
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Chennai, and Hyderabad at Rs 81,280
India imported 4.84 million barrels per day of oil in 2024, up 4.3% from the previous year, the data showed
Silver trading strategy: Support is at $30 (Rs 90,200)/$29.60 (Rs 89,000). Resistance is at $31.10 (Rs 93,400)/$31.50 (Rs 94,600)/$31.85 (Rs 95,600)
Gold rate in share market: Recovery in gold prices is being driven primarily by a sharp decline in the US yields and a retreat in the US Dollar Index
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 73,910
Meanwhile, gold contracts for February delivery rose Rs 297, or 0.38 per cent, to Rs 79,007 per 10 grams in the futures trade on the MCX on Thursday
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 73,410
Gold price today: Gold is expected to range trade ahead of the US CPI report
Silver rate today: The metal may recover should the US CPI data turn out to be subdued, though upside is likely to be capped
The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 73,290
Silver also fell sharply by Rs 1,300 to Rs 91,700 per kg on Tuesday on slack demand from industrial units and coin makers. The white metal settled at Rs 93,000 per kg in the previous session
The US' latest sanctions on Russian energy supply chains could hit India's oil and gas imports, even as the EU nations and other American allies may face little impact
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 73,410
Meanwhile, gold contracts for February delivery on the MCX increased Rs 227, or 0.29 per cent, to Rs 78,650 per 10 grams in futures trade on Monday