Spot gold climbed as much as 1.7 per cent in early trading, and was also supported by a landslide election victory for incumbent Japanese Prime Minister Sanae Takaichi
The US dollar was at its lowest level since February 4, making greenback-priced metals cheaper for overseas buyers
Gold rose nearly 13 per cent in January in its biggest monthly gain since November 2009, while silver jumped 19 per cent
Spot gold fell as much as 6.3 per cent on Monday while Silver swung sharply, dropping to around $75 an ounce having earlier climbed as much as 3.2 per cent
Bullion falls over 4 per cent on speculation over a tougher Fed chief, but remains up more than 20 per cent in January amid safe-haven demand
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,31,250
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,30,660
Surges past Rs 1.5 trillion in November as inflow momentum sustains
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,17,760
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,17,260
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,14,690
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,14,960
India's exports contracted 11.8 per cent to USD 34.38 billion in October, showed government data released on Monday. Imports jumped 16.63 per cent to USD 76.06 billion. The country's trade deficit stood at USD 41.68 billion during the reporting month. Imports surged due to increased shipments of gold and silver. Gold imports jumped to USD 14.72 bn in the last month against USD 4.92 bn recorded in the same month last year. The country's exports to the United States declined to USD 6.3 bn in October as against USD 6.9 bn registered in the year-ago month, Commerce Secretary Rajesh Agrawal told reporters here. During April-October this fiscal, exports increased marginally by 0.63 per cent to USD 254.25 billion. At the same time, imports rose 6.37 per cent to USD 451.08 billion, the commerce ministry data showed.
October inflows estimated at ₹7,800 crore; silver ETF inflows also buoyant
One factor driving prices is currency-market volatility. A weaker USD, in particular, is often the trigger for bull runs - international prices of both metals are USD-denominated
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹1,09,310
The price of 22-carat gold declined by ₹10, with ten grams of the yellow metal selling at ₹1,01,890
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹93,810
The price of 22-carat gold also decreased by ₹10, with ten grams of the yellow metal selling at ₹91,690
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹91,110