Gold is looking somewhat overstretched at the current level as the US economy continues to do well amid sticky inflation and strong job market
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Chennai, and Hyderabad at Rs 82,080
Gold prices rose Rs 170 to hit a fresh record high of Rs 82,900 per 10 grams in the national capital on Thursday amid a positive global trend, according to the All India Sarafa Association. The precious metal had closed at Rs 82,730 per 10 grams on Wednesday. In about one year, the precious metal surged Rs 20,180 or 32.17 per cent to Rs 82,900 per 10 grams from Rs 62,720 per 10 grams on February 23, 2024. Extending the gains for the seventh straight session, gold of 99.5 per cent purity appreciated by Rs 170 to hit an all-time high level of Rs 82,500 per 10 grams. The metal had finished at Rs 82,330 per 10 grams in the previous trading session. Gold of 99.9 and 99.5 per cent purity grew Rs 2,320 each in the last seven trading sessions. However, silver prices declined Rs 500 to Rs 93,500 per kg from the previous close of Rs 94,000 per kg on Wednesday. Bullion traders attributed the rise in precious metal prices to heightened demand by jewellers and retailers, along with a strong t
Spot gold added 0.4% to $2,755.19 per ounce as of 1200 GMT. The price hit its highest level in 12 weeks earlier in the session and is close to its record peak of $2,790.15 reached in October
U.S. gold futures gained 0.3% to $2,766.80
The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 74,490
Spot gold climbed 0.4 per cent to $2,719.52 per ounce by 1059 GMT, reaching its highest level since Nov. 6 and nearing the all-time high of $2,790.15 set in October
The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 74,510
The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 74,340
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Chennai, and Hyderabad at Rs 81,280
Gold rate in share market: Recovery in gold prices is being driven primarily by a sharp decline in the US yields and a retreat in the US Dollar Index
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 73,910
Gold prices rallied Rs 500 to hit over a two-month high of Rs 81,300 per 10 grams in the national capital on Thursday amid fresh buying from jewellers and retailers and rupee depreciation, according to the All India Sarafa Association. The precious metal had closed at Rs 80,800 per 10 grams on Wednesday. The price of gold of 99.5 per cent purity climbed Rs 500 to Rs 80,900 per 10 grams. It settled at Rs 80,400 per 10 grams in the previous trading session. Silver also surged Rs 2,300 to Rs 94,000 per kg from the previous close of Rs 91,700 per kg on Wednesday. Meanwhile, gold contracts for February delivery rose Rs 297, or 0.38 per cent, to Rs 79,007 per 10 grams in the futures trade on the MCX on Thursday. "Gold surged higher trading above Rs 79,000 in MCX, supported by a rupee depreciation," Jateen Trivedi, VP Research Analyst of Commodity and Currency at LKP Securities, said. On Thursday, the rupee depreciated 16 paise to close at 86.56 (provisional) against the US dollar, drag
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 73,410
Gold price today: Gold is expected to range trade ahead of the US CPI report
The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 73,290
Gold prices slipped Rs 80 to Rs 80,580 per 10 grams, bringing an end to its five-day winning streak in the national capital on Tuesday amid a weak global trend, according to the All India Sarafa Association. On Monday, the precious metal had closed at Rs 80,660 per 10 grams. Silver also fell sharply by Rs 1,300 to Rs 91,700 per kg on Tuesday on slack demand from industrial units and coin makers. The white metal settled at Rs 93,000 per kg in the previous session. The price of gold of 99.5 per cent purity fell Rs 80 to Rs 80,180 per 10 grams from the previous close of Rs 80,260 per 10 grams. Additionally, gold contracts for February delivery fell Rs 16 to Rs 78,150 per 10 grams in the futures trade on the Multi Commodity Exchange (MCX). "Gold traded within a tight range as MCX Gold fluctuated between Rs 78,150-78,400. In contrast, Comex Gold displayed slight weakness, hovering around USD 2,665," Jateen Trivedi, VP Research Analyst -- Commodity and Currency at LKP Securities, ...
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 73,410
In previous trading session, the Sensex plunged 1,048.90 points, or 1.36 per cent, to close at 76,330.01. Similarly, the Nifty50 dropped 345.55 points, or 1.47 per cent, ending the day at 23,085.95
Gold prices rallied for a fifth straight session, rising Rs 110 to Rs 80,660 per 10 grams in the national capital on Monday, according to the All India Sarafa Association. The precious metal had settled at Rs 80,550 per 10 grams in the previous session on Friday. In the past five trading sessions, gold prices appreciated Rs 1,660, or 2.1 per cent, to Rs 80,660 per 10 grams. The price of gold of 99.5 per cent purity rose Rs 110 to Rs 80,260 per 10 grams against the previous close of Rs 80,150 per 10 grams on Friday. "Gold prices advanced as the rupee weakened by touching 86.61, driven by elevated crude oil prices. The rise in crude prices came on the back of fresh sanctions imposed on Russia by US President Joe Biden, escalating geopolitical tensions," Jateen Trivedi, VP Research Analyst of Commodity and Currency at LKP Securities, said. The rupee logged its steepest single-day fall in nearly two years and ended the session 58 paise down at its historic low of 86.62 (provisional) .