Page 11 - Gold Trade

Gold rises Rs 110, silver slumps Rs 300, trading at Rs 79,200 per kg

The price of 22-carat gold was up by Rs 100, with the yellow metal selling at Rs 58,500

Gold price unchanged at Rs 63,490, silver rises Rs 200 to Rs 79,200

The price of 22-carat gold was also unchanged at Rs 58,200

Gold, silver prices unchanged; yellow metal trading at Rs 63,490 per 10g

The price of silver also remained unchanged with one kilogram of the precious metal selling at Rs 79,000

Potential rate cuts by US Fed in 2024 to drive next rally in gold

Be prepared for volatility in first half; use corrections to build a 10-15 per cent allocation

Gold price dips Rs 110, silver falls Rs 700, trading at Rs 75,000 per kg

The price of 22-carat gold fell Rs 100, with the yellow metal selling at Rs 56,650

With both stocks and gold on fire, is yellow metal the new multi-bagger?

Geopolitical factors, de-dollarization, inflation hedging has increased demand for gold

Gold bars and Tokyo apartments: How money is flowing out of China

Chinese are using their savings to buy overseas apartments, stocks and insurance policies

TRQ holders in India-UAE pact can import gold via IIBX bullion exchange

Indian jewellers having a valid license to import a specified quantity of gold at concessional customs duty from the UAE, under the free trade agreement, can import it through bullion exchange IIBX, according to a government notification. The Directorate General of Foreign Trade (DGFT) notification also said that those companies can obtain the physical delivery of the consignment through IFSCA (International Financial Services Centres Authority) registered vaults located in special economic zones, as per the authority's guidelines. The India-UAE free trade agreement, which came into force in May 2022, provides one per cent duty concessions to domestic importers on a specified quantity of gold under TRQ (tariff rate quota) provisions of the pact. The DGFT provides TRQ certificate to companies for imports and they are also notified by IFSCA. "Valid India UAE TRQ holders as notified by IFSCA can import gold through IIBX against the TRQ and can obtain physical delivery of the same thro

Gold set to snap three-week losing streak amid Federal Reserve pause hopes

"Alternatively, the war is still bubbling, simmering away," Rodda said

Gold once again glitters with the double-digit returns, shows data

Last year, gold was the best-performing asset class with returns close to 15 per cent even as most domestic equity indices delivered less than 5 per cent

Buying gold this Diwali? Options for investment and their tax implications

Whether you want to diversify your portfolio or celebrate the festive season by gifting gold, it's essential to understand the various investment options and their associated tax implications

Elevated local prices dent gold demand in India, dealers offer discounts

In China, premiums over global spot prices were quoted at $25-$40 per ounce, little changed from last week

Inflow into Gold ETFs dips to Rs 175 cr in Sept after hitting 17-month high

The quantum of inflow into gold exchange-traded funds dropped to Rs 175 crore in September after hitting a 17-month high in the preceding month, owing to profit booking. Apart from the inflows, the asset base of Gold Exchange Traded Funds (ETFs) also decreased in the period under review, as per the data from the Association of Mutual Funds in India (Amfi). "With a continued hike in interest rates in the US, inflation still higher than expectations, and the growth rate slowing down, the appeal of gold as a safe haven and hedge against inflation is expected to continue," Melvyn Santarita, analyst and manager of research at Morningstar Investment Adviser India, said. According to the data, gold-linked ETFs saw an inflow of Rs 175.3 crore last month as compared to Rs 1,028 crore in August. The inflow stood at Rs 456 crore in July. Prior to that, Gold ETFs saw an inflow to the tune of Rs 298 crore during the April-June period after three quarters of consecutive outflow. The category sa

Attack on Israel may boost appeal of gold, safe haven assets, say analysts

The Hamas attack was openly praised by Iran and by Hezbollah, Iran's Lebanese allies

Gold extends slide as hawkish Federal Reserve, firm dollar dominate mood

The U.S. Labor Department's Job Openings and Labor Turnover Survey (JOLTS) report is expected at 1400 GMT. The September non-farm payrolls data is due on Friday

Gold firms with focus on Fed meeting; US 5-year yield highest since 2007

The dollar index eased from a six-month peak against its rivals, making gold less expensive for other currency holders

Inflows into gold ETF hit 16-month high at Rs 1,028 crore in August

Gold exchange-traded funds (ETFs) attracted Rs 1,028 crore in August, making it the highest inflow in 16 months, amid continued hikes in interest rates in the US, which led to a slowing down in growth rate there. With this, the year-to-date inflow in the category has reached more than Rs 1,400 crore, data with the Association of Mutual Funds in India (Amfi) showed. Apart from inflow, the asset base of Gold ETFs and investors' account or folio numbers increased in the period under review. According to data, gold-linked ETFs have seen an inflow of Rs 1,028 crore in August. This came following an inflow of Rs 456 crore in the segment in July. Before that, Gold ETF saw inflow to the tune of Rs 298 crore during the April-June period after three quarters of consecutive outflow. The category saw a withdrawal of Rs 1,243 crore in the March quarter, Rs 320 crore in the December quarter, and Rs 165 crore in the September quarter. The month of August witnessed the highest monthly inflow into

India's gold imports surges 40%, threatens to blow out trade deficit

The value of inbound gold shipments grew to $4.9 billion in August from $3.5 billion a year earlier, according to a person familiar with the matter

Gold prices rise to reach Rs 60,160, silver prices unchanged at Rs 77,600

The price of ten grams of 24-carat gold in Delhi, Bengaluru, and Chennai is Rs 60,310, Rs 60,160, and Rs 60,490, respectively

Gold prices rise to reach Rs 59,670, silver appreciates to Rs 77,100

The price of ten grams of 24-carat gold in Delhi, Bengaluru, and Chennai is Rs 59,820, Rs 59,670, and Rs 60,220, respectively