In New Delhi, the price of 22-carat gold remained at Rs 50,000 per 10 gm, and in Chennai, it jumped to Rs 49,070
Gold prices were flat as investors maintained a cautious approach ahead of Fed's policy decision this week and as optimism around a potential Covid-19 vaccine lifted appetite for riskier assets
In New Delhi, the price of 22-carat gold remained at Rs 49,860 per 10 gm, and in Chennai, it jumped to Rs 48,910
Spot gold was down 0.8% at $1,938.53 per ounce by 0308 GMT, after hitting its best level since Sept 2 at $1,965.94 on Thursday
In New Delhi, the price of 22-carat gold remained at Rs 50,250 per 10 gm, and in Chennai, it jumped to Rs 49,250
Spot gold was flat at $1,945.87 per ounce by 0307 GMT, after hitting its highest since Sept. 3 at $1,950.51 on Wednesday
In New Delhi, the price of 22-carat gold remained at Rs 50,050 per 10 gm, and in Chennai, it jumped to Rs 49,090
In New Delhi, the price of 22-carat gold remained at Rs 49,800 per 10 gm, and in Chennai, it jumped to Rs 48,850
Gold prices eased as the dollar strengthened, although rising doubts over the economic recovery from the Covid slump limited losses, with investors awaiting the outcome of the ECB meeting this week
In New Delhi, the price of 22-carat gold remained at Rs 49,650 per 10 g, and in Chennai, it jumped to Rs 48,850
Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges
In New Delhi, the price of 22-carat gold remained at Rs 49,600 per 10 gram, and in Chennai it jumped to Rs 48,860
Silver also declined Rs 738 to Rs 68,371 per kg from Rs 69,109 per kg in the previous trade
Spot gold was up 0.3% at $1,935.84 per ounce by 0304 GMT, after falling to a near one-week low on Thursday. Bullion prices have declined 1.5% so far this week
In New Delhi, the price of 22-carat gold jumped to Rs 49,600 per 10 gram, and in Chennai to Rs 48,770
The move is seen as a game changer for India's bullion industry, and is expected to put India in a position to set its own price of gold
Gold prices in the national capital declined Rs 614 to Rs 52,314 per 10 gram on Wednesday tracking weakness in the international market, according to HDFC Securities. In the previous trade, gold had closed at Rs 52,928 per 10 gram. Silver also tanked Rs 1,799 to Rs 71,202 per kg from its previous close of Rs 73,001 per kg. "Spot gold prices for 24 karat in Delhi were down Rs 614 with a decline in international prices," HDFC Securities Senior Analyst (Commodities) Tapan Patel said. In the international market, gold was quoting down at USD 1,963 per ounce and silver at USD 27.87 an ounce. "Gold prices pared previous gains as investors switched to riskier assets after the US and China showed recovery in manufacturing activities," he added. Reliance Securities Senior Research Analyst Sriram Iyer said, "Domestic prices witnessed a correction in Wednesday afternoon trade tracking the overseas prices.
Gold prices edged higher on Wednesday as the dollar weakened, although upbeat US manufacturing data lifted hopes about global economic recovery and curbed demand for the safe-haven metal
The company expects the coronavirus pandemic to provide it a competitive edge over its competitors in the unorganised sector in the long run
In New Delhi, the price of 22-carat gold jumped to Rs 50,400 per 10 gram, and in Chennai to Rs 49,720