Spot gold was down 0.5% to $2,017.98 per ounce by 0234 GMT, moving further away from a record high of $2,072.50 hit last week
For gold to keep rallying, expectations of inflation will have to keep rising
Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges
Those in dire financial straits may find it difficult to pay the margin demanded by lenders
In the previous trade, gold had closed at Rs 57,002 per 10 grams. On Friday, the price increased by Rs 6 to Rs 57,008 per 10 grams
In New Delhi, the price of 22-carat gold rose to Rs 54,150 per 10 gram, and in Chennai to Rs 53,510
In New Delhi, the price of 22-carat gold rose to Rs 52,450 per 10 gram, and in Chennai to Rs 53,010
Bullion is up almost 35 per cent this year, with its haven status enhanced by sliding US real yields
Prices hit a record $1,980.57 on Tuesday and are up over 10% so far this month, their biggest monthly percentage gain since Feb. 2016
Smuggled gold weighing 3.11 kg and valued at Rs 1.66 crore was seized at the international airport here from 11 passengers, Customs officials said on Friday.
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In New Delhi, the price of 22-carat gold rose to Rs 51,800 per 10 gram, and in Chennai to Rs 51,030
World Gold Council data shows demand dropped to 63.7 tonnes in the April-June quarter this year. Back in 2009, demand had plunged to as low as 40 tonnes following Lehmann crisis
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The strict lockdown imposed in late March eclipsed the gold buying festival of Akshaya Tritiya
In New Delhi, the price of 22-carat gold rose to Rs 51,500 per 10 gram, and in Chennai to Rs 50,740
In the previous trade, the precious metal had closed at Rs 53,033 per 10 gram
The precious metal had stormed almost $40 higher at one point to reach $1,980 an ounce, only for a wave of selling to slap it back to $1,940 in wild trade
In New Delhi, the price of 22-carat gold rose to Rs 50,800 per 10 gram, and in Chennai to Rs 49,780
So far, this financial year (from April 1 to date), silver has gained 63 per cent