Overall gold consumption, however, fell 16 per cent to 209.4 tonnes as jewellery demand slumped 31 per cent to 117.7 tonnes due to record-high prices
As gold prices peak, Indian households still spend big on Dhanteras, showing how faith and finance continue to shape the country's festive buying patterns
The price of 22-carat gold climbed ₹10, with ten grams of the yellow metal selling at ₹90,760
The price of 22-carat gold declined ₹10, with ten grams of the yellow metal selling at ₹90,140
As per disclosure made by Senco Gold to stock exchange, reveals that the promoters have bought 241,400 equity shares representing 0.15 per cent holding in the company via open market.
Gold Rate Today: FOMC rate decision, due tonight, will be crucial for commodities. The Fed is expected to keep the overnight Fed Fund rates unchanged at 4.25 per cent-4.50 per cent with a hawkish tilt
Indian dealers this week offered a discount of up to $39 an ounce over official domestic prices, including 6 per cent import and 3 per cent sales levies, up from a discount of $10 to $21 last week
India's gold imports are set to tumble 85 per cent in February from year ago levels to their lowest in 20 years
The recent uptick in gold prices in 2025 has been led by tariff threats by US president Donald Trump, which in turn have seen investors move away from equities to safer havens.
The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 79,310
Gold rate today: A weaker-than-expected US job data may help the metal test the crucial resistance in $2,690-$2,700, says analyst at Mirae Asset Sharekhan
Gold price today: Bears eye $2537 (Rs 74,000), the cycle-low made on November 14, for Gold. Resistance is at $2630 (Rs 76,700)
The price of 22-carat gold dipped Rs 10, with ten grams of the yellow metal selling at Rs 70,790
Gold prices surged by Rs 750 to hit a record high of Rs 80,650 per 10 grams while silver skyrocketed by Rs 5,000 per kg in the national capital on Monday, according to the All India Sarafa Association. Extending its gains for the fourth straight day, silver prices spurted by Rs 5,000 to hit a fresh record high of Rs 99,500 per kg from the previous close of Rs 94,500 per kg on Friday. According to commodities market experts, the ongoing bullish sentiment in the silver market is primarily driven by industrial demand and gold's rally. Silver's upward momentum appears strong. Investors are likely to continue to view dips as buying opportunities, keeping the white metal well-supported in the coming sessions, they said. Additionally, gold of 99.5 per cent purity climbed Rs 750 to hit a new record high of Rs 80,250 per 10 grams. The metal of 99.5 per cent purity had ended at Rs 79,500 per 10 grams while gold of 99.9 per cent purity had settled at Rs 79,900 per 10 grams on Friday. Bullion
Consumers are opting for lighter, more affordable jewellery to stay within budget
Imports more than tripled to 140 tons in August from the previous month, according to the World Gold Council
Gold demand India: Gold prices, meanwhile, surged 18 per cent year-on-year (YoY) in the June 2024 quarter to $2,338.2 an ounce (oz), and were up nearly 13 per cent when compared with the December 2023
In dollar terms, gold prices hit $2,331/oz at the end of H1-CY24, according to WGC data, rising 12.1 per cent during this period
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 66,310, Rs 66,160, and Rs 66,670, respectively
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 66,340, Rs 66,190, and Rs 66,960, respectively