The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 79,890
Gold price slipped below Rs 89,000 per 10 grams in the national capital on Friday due to subdued domestic demand, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity dipped by Rs 200 to Rs 88,900 per 10 grams registering its second day of decline. Gold of 99.5 per cent purity also went lower by Rs 200 to Rs 88,500 per 10 grams. Traders said reduced demand from local jewellers as well as retail buyers led to the fall in gold prices. However, silver climbed by Rs 500 to Rs 99,500 per kilogram extending the gains for the fourth straight day. In the past four sessions, the white metal had advanced by Rs 3,100. In futures trade on the MCX, gold for April delivery slipped by Rs 50 to Rs 85,983 per 10 grams. On the global front, gold futures were trading flat at USD 2,929.30 per ounce. Meanwhile, spot gold rose USD 10.14 or 0.35 per cent to USD 2,921.94 per ounce. Silver futures, however, in the Asian market hours quoted 0.17 per cent lower at USD
Gold Rate Today: Dip buying in Gold is the preferred trade as the yellow metal is expected to reach $3,000 in the coming weeks.
Stock Market Today: As of 6:33 AM, GIFT Nifty Futures were down 75 points at 22,545, hinting at a negative start.
The price of 22-carat gold fell by Rs 10, with ten grams of the yellow metal selling at Rs 80,190
The spotlight is on Friday's non-farm payrolls report, which is expected to show a gain of 160,000 jobs for February, economists polled by Reuters said
The price of 22-carat gold rose by Rs 10, with ten grams of the yellow metal selling at Rs 80,660
In the previous session, equity markets logged their biggest single-day gain in a month, aiding Nifty50 to end its record 10-day losing streak. The Nifty settled at 22,337.30, up 254.65 pts or 1.15%
Gold rate today: Buy Gold on dips. Gold support is at $2900 (MCX April gold contract Rs 85,600)/ $2868 (Rs 84,700)
The price of 22-carat gold rose by Rs 10, with ten grams of the yellow metal selling at Rs 80,110
Stock Markets Today: As of 6:31 AM, GIFT Nifty Futures were down 54 points at 22,137, hinting at a negative start.
The price of 22-carat gold also declined by Rs 10, with ten grams of the yellow metal selling at Rs 79,390
Trump last week threatened China with an extra 10 per cent duty, set to take effect on Tuesday, resulting in a cumulative 20 per cent tariff
The price of 22-carat gold also declined by Rs 10, with ten grams of the yellow metal selling at Rs 79,390
The price of ten grams of 24-carat gold in Mumbai, Kolkata, and Chennai stood at Rs 87,370
Spot gold fell 1.2 per cent to $2,880.79 an ounce by 0910 GMT, its lowest since February 17. Prices hit a record peak of $2,956.15 on Monday, driven by safe-haven flows
The price of 22-carat gold also declined by Rs 10, with ten grams of the yellow metal selling at Rs 80,490
Investors' focus was also on the US Personal Consumption Expenditures (PCE) report, the Federal Reserve's preferred inflation gauge, due on Friday
The price of 22-carat gold climbed Rs 10, with ten grams of the yellow metal selling at Rs 80,760
Gold prices jumped by Rs 250 to Rs 89,350 per 10 grams on Tuesday extending gains for the second day amid depreciation in rupee, according to the All India Sarafa Association. The gold of 99.5 per cent purity rose by Rs 250 to Rs 88,950 per 10 grams from the previous close of Rs 88,700 per 10 grams. On February 20, gold of 99.9 per cent and 99.5 per cent purity hit all-time highs of Rs 89,450 and Rs 89,050 per 10 grams, respectively. However, silver prices slipped below the Rs 1 lakh mark, falling by Rs 500 to Rs 99,500 per kg. "Silver fell due to weakness in the industrial metals and rebound in the dollar index. Global equity markets are also struggling due to Trump's tariff fears and pressure on industrial metals but reversal in the US Treasury yields could support silver prices at lower levels," Rahul Kalantri, VP Commodities at Mehta Equities Ltd, said. On Tuesday, the rupee fell sharply by 51 paise to settle at 87.23 (provisional) against the US dollar due to month-end dollar