MCX Gold may rally to Rs 53,570 on the upside; break and sustained trade above Rs 52,250 to add momentum.
Spot gold XAU= rose 0.6% to $1,931.83 per ounce by 12:53 p.m. ET (1653 GMT)
The Ministry of Consumer Affairs said mandatory hallmarking has been successfully implemented wherein 3 lakh gold articles are being hallmarked with HUID (Hallmark Unique Identification) every day
The rupee declined 49 paise to 75.82 against the US dollar in opening trade on Wednesday amid a weak risk appetite as tensions escalated in Eastern Europe
Spot gold XAU= rose 0.7% to $1,916.10 per ounce by 0645 GMT, after hitting its highest since September 2020 at $1,973.96 on Thursday
Spot gold was steady at $1,895.43 per ounce by 0731 GMT, after scaling to its highest since June 1 at $1,913.89 per ounce in volatile trade on Tuesday. U.S. gold futures GCv1 shed 0.4% to $1,899.70
Spot gold gained 0.2% to $1,856.83 per ounce by 0836 GMT. U.S. gold futures were nearly steady at $1,857.80
A robust inflation reading is expected to burnish gold's appeal as an inflation hedge, but interest rate hikes would raise the opportunity cost of holding non-yielding bullion
The rate of gold jewellery varies across the nation due to excise duty, state taxes, and making charges.
The price of gold jewellery varies across India, the second-largest consumer of the metal, due to taxes and duties.
In New Delhi and Mumbai, the price stands at Rs 46,600 and 46,650 per 10 gm of gold, respectively
In New Delhi, the price stands at Rs 50,170 per 10 gm (24 carats)
Renewed cases of Covid-19 is keeping bulls in the hunt. Above $1820, we can see prices till $1850-$1870 in a short period
In a circular, the Securities and Exchange Board of India (Sebi) said that disposal time is now 180 days for physical gold and silver assets
In the past one week, US 10-year treasury bond yields have risen from 2.13 to 2.34 per cent
Silver recaptured Rs 39,000-level by rising Rs 295 per kg on increased off take by industrial units
Traders said persistent buying by jewellers to meet wedding season demand kept precious metal high