Page 161 - Gold Prices

Ahead of US Fed policy decision, gold prices stuck below $1,300

Gold prices have tended to fall ahead of previous rate rises but recover afterwards

Gold prices slip as dollar gains amid Trump-Kim summit

Gold is expected to be volatile this week amid the U.S-North Korea summit and central bank meetings

Gold may hit Rs 34,000 mark by Diwali on weak rupee, geo-political concerns

Gold prices are likely to hold in the range of Rs 30,000-34,000 per ten grams until Diwali in the domestic market

Gold recaptures Rs 32,000-mark on global cues, local jewellers' buying

Sovereign gold, however, held steady at Rs 24,800 per piece of eight gram

Gold prices slips to its lowest as surging US Treasury yields lift dollar

The metal was heading for its biggest weekly decline since early-December

Gold dips below Rs 32,000 amid weak local demand, global cues

However, silver recovered by Rs 100 to Rs 40,750 per kg on scattered enquiries from industrial units and coin makers.

Gold prices decline by Rs 430 on reduced demand, weak global cues

Silver followed suit and lost Rs 250 to Rs 40,650 per kg due to reduced offtake by industrial units and coin makers

Gold up by Rs 100, reclaims Rs 32,000-level on local jewellers' buying

Sovereign, however, held steady at Rs 24,700 per piece of eight grams

Gold prices rise by Rs 350 on jewellers buying ahead of Akshaya Tritiya

Silver too rebounded by Rs 400 to Rs 40,300 per kg on increased offtake by industrial units and coin makers

This Akshaya Tritiya, price rise fears revive jewellery buying sentiment

After over a month of weakness, gold buying sentiment has revived in the past two days across India as customers booked in advance for delivery on Akshaya Tritiya, considered auspicious for this purpose. The day arrives this year on the coming Wednesday, April 18.Jewellers say they have seen a nearly 50 per cent increase in customer footfall during the past two days. Buyers seem inclined to book their piece of jewellery or bullion now, with a price rise forecast by analysts.The revival in buying sentiment has at the right time, with occasional buyers taking advantage of the price fall. Many new customers have joined existing buyers to flag off the ensuing wedding season preparation."Akshaya Tritiya is considered one of the most auspicious of occasions in India to buy gold. Buyers who stay away from investment in physical gold book some grammage of the bullion to celebrate the festival. The two days of price fall has revived jewellery buying sentiment across the country, otherwise ...

Gold price tops Rs 32,000-mark on firm global cues; silver hits 40k

Gold regains Rs 32,000-mark on global cues

Bullion: Gold regained the Rs 32,000-mark at the bullion market, maintaining its upward march for the second straight week, driven by a firm global trend amid brisk buying by local jewellers.

Silver followed suit and recaptured the Rs 40,000-mark on increased offtake by industrial units and coin makers.

Bullion traders said, sentiment remained upbeat on the back of a firming trend overseas as tensions rose in the Middle East, raising demand for the precious metals as a safe-haven and increased buying by local jewellers to meet rising demand at the domestic markets.

In the global market, gold ended the week higher at USD 1,345.40 an ounce and silver at USD 16.63 an ounce in New York.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity commenced the week higher at Rs 31,500 and Rs 31,350 per ten grams in day-to-day buying by local jewellers along with a fi

Gold price plunges by Rs 350 on lackluster demand, silver slides below 40K

Diversion of funds towards rising equity also weighed on the sentiment

Gold prices tumble by Rs 650 on low demand from local jewellers

Silver followed suit and lost Rs 600 at Rs 39,150 per kg

Gold steady as spectre of global trade war recedes; silver sees mild rise

Gold is sought as a store of value in times of political and financial uncertainty

Gold, metals see quick rebound after US Fed increases policy rates by 0.25%

Gold and metal prices saw a quick rebound after the US Federal Reserve raised its policy rate on Wednesday by 0.25 per cent, also signalling two or three more increases to follow this year, of a similar magnitude, plus three more next year. On Thursday, copper was trading higher on the London metal Exchange at $6,830 a tonne. Its recent three-month low was $6,702 a tonne. All base metals prices went up. Gold went below $1,315 an ounce on Wednesday but recovered to $1,330 an oz right after the Fed announcement. On the Multi Commodity Exchange, copper, aluminium and nickel futures were up but the rise was capped by a marginally stronger rupee. Standard gold in Mumbai was up 0.7 per cent to close at Rs 30,525 per 10g. Silver closed 1.25 per cent higher at Rs 38,480 a kg.The Fed's rate raising, plus optimism on higher growth with lower unemployment and a possible increase in inflation, has led to higher demand for metals and gold. Thiagarajan Gnanasekar, head of Commtrendz Risk ...

Gold prices up as US dollar loses ground after Trump sacks Rex Tillerson

Trump fired Tillerson after a series of public rifts, replacing him with loyalist Central Intelligence Agency Director Mike Pompeo

Gold prices fall Rs 220 on weak global cues, low demand from jewellers

Following gold, silver ready moved down by Rs 400 to Rs 39,500 per kg

Gold slips to three-week low as dollar holds firm

Spot gold was 0.3 per cent lower at $1,313.81 an ounce at 0744 GMT, after touching $1,312.26, the lowest since February 9

Gold tumbles to Rs 31,390 due to weak global cues, fall in demand

Silver also fell by Rs 250 to Rs 39,300 per kg owing to reduced offtake by industrial units and coin makers

Gold price hits a 15-month high since demonetisation in November 2016

Gold price jumped by 0.23 per cent today in Mumbai to hit the highest in 15 months or highest after demonitisation following global move as weak dollar restored the bullion's investment demand after remaining laggard for over a year.The price of standard gold (995 purity) moved up by Rs 70 to open on Friday at Rs 30,645 per 10 grams in the popular Zaveri Bazaar here. A marginal increase in gold price lifted the metal to the highest level since demonetization in November 2016 when the bullion was traded at Rs 30,600 per 10 grams in official transactions. Unofficially, however, gold was traded even at Rs 45,000 per 10 grams with suspended currency notes of Rs 1000 and Rs 500 in a few days since demonetization.The movement in gold prices in India is largely dominated by its fluctuations in the world markets. In the benchmark London spot market, gold was trading at $1361 an oz in early Friday afternoon trade, its highest level in 18 months i.e. since August 2016. The collapse of crypto ...