The price of 22-carat gold rose Rs 10, with the yellow metal trading at Rs 64,010
The price of 22-carat gold slipped Rs 10, with the yellow metal trading at Rs 63,190
Gold demand India: Gold prices, meanwhile, surged 18 per cent year-on-year (YoY) in the June 2024 quarter to $2,338.2 an ounce (oz), and were up nearly 13 per cent when compared with the December 2023
The price of 22-carat gold rose Rs 10, with the yellow metal trading at Rs 63,410
Gold prices tumbled by Rs 950 to Rs 71,050 per 10 grams in the local market here on Monday due to weak demand from jewellers. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity closed at Rs 72,000 per 10 grams in the previous session on Saturday. Gold of 99.5 per cent purity also plunged Rs 1,650 to Rs 70,700 per 10 grams. On Saturday, it closed at Rs 72,350 per 10 grams. Silver also declined Rs 4,500 to Rs 84,500 per kg on decreased offtake by coin makers and industrial units. This marks the biggest single-day fall in silver prices in 2024. It ended at Rs 89,000 per kg in the previous session. Traders said reduced demand from jewellers as well as retail buyers led to the fall in gold prices. "Last week, Finance Minister Nirmala Sitharaman in the Budget announced a customs duty cut from 15 per cent to 6 per cent, weighing on the domestic front. "Post the cut in import duty, gold premiums in India jumped to their highest level in a decade,"
In dollar terms, gold prices hit $2,331/oz at the end of H1-CY24, according to WGC data, rising 12.1 per cent during this period
The price of 22-carat gold slipped Rs 10, with the yellow metal trading at Rs 63,990
The price of 22-carat gold slipped Rs 10, with the yellow metal trading at Rs 63,240
The price of 22-carat gold slipped Rs 10, with the yellow metal trading at Rs 62,990
PC Jeweller was locked in the upper circuit for the fifth straight day, up 5 per cent at Rs 85.83, also hitting a 19-month high on the BSE in Friday's intra-day trade amid heavy volumes.
The gold jewellery industry is advocating a 'One Nation, One Rate' policy, starting with a unified rate for Eastern India from August, an official said. All stakeholders have shown interest in the idea of a unified gold rate across the country, said Samar Kr De, President of the Swarna Silpa Bachao Committee. "We will begin with a single rate for Bengal and eastern India from August and have onboarded bullion sellers for this initiative," De said. Saiyam Mehra, Chairman of the All India Gem and Jewellery Domestic Council (GJC), said, "The idea is to create a level playing field for all stakeholders and prevent undercutting." De said that they aim to extend the 'One Gold Rate' policy nationwide within the next six months and are in discussions with large national jewellery retail chains. He also noted that the recent 9 per cent duty cut was unexpected by the industry. Union Finance Minister Nirmala Sitharaman in her budget proposals slashed import duties on gold and silver from 15
The price of 22-carat gold also slipped Rs 10, with the yellow metal trading at Rs 64,940
The price of 22-carat gold also slipped Rs 10, with the yellow metal trading at Rs 67,690
The price of 22-carat gold also slipped Rs 10, with the yellow metal trading at Rs 67,790
The price of 22-carat gold also slipped Rs 10, with the yellow metal trading at Rs 68,140
The price of 22-carat gold also slipped Rs 10, with the yellow metal trading at Rs 68,590
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 68,760
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 67,860
The price of 22-carat gold also declined Rs 10, with ten grams of the yellow metal selling at Rs 67,490
The dollar held steady, while long-dated U.S. bond yields rose, as investors weighed whether the assassination attempt on Trump increased his chances of victory