Gold prices rose Rs 250 to Rs 80,550 per 10 grams in the national capital on Friday as rupee hit record low amid consistent buying from retailers and stockists, according to the All India Sarafa Association. The precious metal ended the previous session at Rs 80,300 per 10 grams. However, silver traded flat at Rs 93,000 per kg on Friday. The price of gold of 99.5 per cent purity continuing to shine bright for the fourth straight session by appreciating Rs 250 to Rs 80,150 per 10 grams. It had finished at Rs 79,900 per 10 grams on Thursday. Traders said the rise in gold prices at local market is also propelled by robust overseas demand. Meanwhile, the rupee declined 14 paise and touched the crucial 86-mark for the first time against the US dollar on Friday as it failed to resist pressure from a stronger American currency and huge outflow of foreign funds. On a weekly basis, gold prices surged Rs 1,550, or 2 per cent, to Rs 80,550 per 10 grams, while silver shot up 2.5 per cent to
The price of 22-carat gold also rose by Rs 10, with ten grams of the yellow metal selling at Rs 72,610
The price of 22-carat gold also declined by Rs 10, with ten grams of the yellow metal selling at Rs 72,140
In the previous session, the Sensex ended at 78,141.06, registering a decline of 58 points or 0.07 per cent, while the Nifty50 closed at 23,688.95, down 19 points or 0.08 per cent
In the last three months, the rupee has depreciated 2.2 per cent against the dollar, which typically hurts consumer durable companies.
The spike in gold imports widened the country's merchandise trade deficit to a record $37.84 billion in November, significantly exceeding economists' forecast of $23.9 billion
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
At 6:31 AM, GIFT Nifty futures indicated a subdued start, trading 72 points lower at 23,723, suggesting a negative opening for Indian bourses
The price of 22-carat gold also went down by Rs 10, with ten grams of the yellow metal selling at Rs 72,140
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Chennai, and Hyderabad at Rs 78,700
The price of 22-carat gold also went up by Rs 10, with ten grams of the yellow metal selling at Rs 72,610
Spot gold traded in the range of $2,621-$2,661 on January 2
The price of 22-carat gold also rose by Rs 10, with ten grams of the yellow metal selling at Rs 71,810
The price of 22-carat gold also rose by Rs 10, with ten grams of the yellow metal selling at Rs 71,510
The price of 22-carat gold also went down by Rs 10, with ten grams of the yellow metal selling at Rs 71,090
Spot gold rose 0.1 per cent to $2,607.72 per ounce as of 1315 GMT, while US gold futures gained 0.1 per cent to $2,620.40
Gold prices slipped below Rs 79,000 per 10 grams in the national capital on Tuesday due to poor offtake by stockists and retailers, according to the local marketmen. Gold declined during the last trading session of the year as participants were cautious, traders said. The precious metal of 99.9 per cent purity declined Rs 550 to Rs 78,950 per 10 grams. It had closed at Rs 79,350 per 10 grams on Monday. In the past one year, gold prices have surged Rs 15,030 or 23.5 per cent to Rs 78,950 per 10 grams. "In 2024, domestic gold prices surged more than 20 per cent while spot gold rose around 26 per cent," Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, said. Gandhi highlighted the rally in gold prices is driven by multiple factors like global geopolitical and economic uncertainty, interest-rate cuts by Western central bankers, and strong demand from central banks and high-net-worth individuals. Silver prices crashed by plummeting Rs 2,000 to Rs 89,700 per kg on Tuesda
The market now awaits a fresh set of catalysts, including a slew of US economic data due next week that could influence the interest rate outlook for 2025
The price of 22-carat gold also rose by Rs 10, with ten grams of the yellow metal selling at Rs 71,510
The price of 22-carat gold also dipped Rs 10, with ten grams of the yellow metal selling at Rs 71,340