Gold inched up on Friday, hovering close to a two-week low hit in the previous session, after the chief of WHO said the Omicron variant cannot be considered 'mild'
In Delhi, the price of 24-carat gold stands at Rs 51,400, while in Mumbai it is at Rs 48,830, according to the Goodreturns website.
Spot gold XAU= fell 0.3% to $1,804.60 an ounce by 1038 GMT, having touched its lowest since Dec. 29 at $1,792.30. U.S. gold futures GCv1 dropped 1.5% to $1,797.70.
Spot gold was down 0.2% to $1,805.98 per ounce by 0430 GMT. U.S. gold futures fell 1% to $1,806.40
The rate of gold decreased by Rs 180 per 10 gram today while the price of silver increased by Rs 600 per kg
Spot gold was up 0.32 per cent at $1,820.41 per ounce by 1132 GMT
Spot gold was up 0.2% to $1,818.79 per ounce at 1025 GMT, with U.S. gold futures rising 0.3% to $1,819.50
The price of gold varies across the country due to excise duty, state taxes, and making charges.
The 2021 gold import bill easily doubled the $22 billion spent in 2020, and surpassed the previous high, set in 2011, of $53.9 billion, according to an official
In New Delhi, the yellow metal plunged by Rs 302 to Rs 46,814 per 10 gram
Spot gold rose 0.2% to $1,804.89 per ounce by 1110 GMT, after recording its worst session in more than a month on Monday. U.S. gold futures rose 0.3% to $1,805.3
The price of 10 gram of gold increased by Rs 90 on Tuesday while the rate of 1 kg of silver decreased by Rs 300
Gold prices held steady on Monday as higher US Treasury yields offset safe-haven buying sentiment due to an Omicron-driven surge in Covid cases globally.
The price of gold varies across the country due to excise duty, state taxes, and making charges.
Spot gold was last up 0.7% at $1,827.51 per ounce by 1:46 p.m. ET, after hitting a peak since Nov. 22 at $1,827.26 on Friday, helped by a retreat in the dollar and global equities
The price of 10 gram of gold increased by Rs 250 on Saturday while the rate of 1 kg of silver increased by Rs 600
The price of 10 gram of gold decreased by Rs 250 today while the rate of 1 kg of silver decreased by Rs 900
Gold prices have declined more than 4% so far this year after rising 48% over the previous two years, as the global economic recovery reduced demand for the safe-haven metal
Gold prices rose in thin trade on Thursday, giving up earlier losses as the US Treasury yields eased from one-month highs
Rising inflation tends to drive gold demand. Gold is perceived as a strong hedge against inflation and decades of data supports this assumption, says an analyst