Goldman Sachs expects gold to benefit if China recovers much strongly from a second wave of Covid-19 cases than the United States, and reinforced its $2,000 an ounce target for bullion prices.
In New Delhi, the price of 22-carat gold rises to Rs 47,500 per 10 gram, and in Chennai to Rs 46,780
In Delhi, 22-carat gold prices slid to Rs 47,250 per 10 gm while 24-carat was retailing at Rs 48,450
India on Monday overtook Russia to record the world's third-highest number of Covid-19 cases, while US coronavirus deaths crossed 130,000
MCX has received approval of Sebi for launch of Gold Mini options with Gold Mini (100 grams) bar as underlying, MCX said in a statement
In New Delhi, the price of 22-carat gold slid to Rs 47,120 per 10 gram, and in Chennai to Rs 46,240
The United States reported more than 55,000 new infections on Thursday, a new daily global record in the pandemic that has infected more than 10.89 million people worldwide
In New Delhi, the price of 22-carat gold slid to Rs 47,150 per 10 gram, while in Chennai it is Rs 46,540
Indian households supposedly hold 25,000 tonnes of gold valued at Rs.121.5 trillion, or almost 60 per cent of India's GDP.
Even as physical demand is absent, investments in paper gold are pushing the price of the yellow metal to record highs
In New Delhi, the price of 22-carat gold is holding steady at Rs 47,210 per 10 gram, while in Chennai it is Rs 46,410
In New Delhi, the price of 22-carat gold is holding steady at Rs 46,700 per 10 gram, while in Chennai it is Rs 46,180
Despite falling imports into India and China, gold prices are moving up due to high investment and consumer demand in the US
The bullion has risen more than 1% so far this week, with prices scaling a near eight-year high of $1,779.06 on Wednesday
In New Delhi, gold price today of 22-carat gold is holding steady at Rs 46,810 per 10 gram, while in Chennai it is Rs 46,170
In New Delhi, the price of 22-carat gold is about Rs 47,050 per 10 gram, while price of 24-carat is retailing at Rs 48,250 today
Gold ETFs, sovereign bonds drive yellow metal to new high of Rs 48,380 despite little demand
In New Delhi, the price of 22-carat gold is about Rs 46,800 per 10 gram, while price of 24-carat is retailing at Rs 48,000 today
In New Delhi, the price of 22-carat gold is holding steady at Rs 47,000 per 10 gram, while in Chennai it is Rs 46,290
Rally factors in strong performance of Muthoot and Manappuram