Page 12 - Gold Trade

Use price dips for 10% allocation as gold continues to lose lustre

Use price dips to build a 10% allocation to gold

Strong dollar drags gold to over 1-month low after mixed US inflation data

Spot gold was down 0.3% at $1,907.40 per ounce by 02:47 p.m. EDT (1847 GMT), after hitting its lowest since July 6. U.S. gold futures settled 0.1% lower at $1,944.00

Gold, silver prices remain unchanged, yellow metal trading at Rs 601,60/10g

The price of 22-carat gold was also unchanged at Rs 55,150.

Gold price remains stable at Rs 60,160, silver price unchanged at Rs 78,000

The price of 22-carat gold remained flat, with the precious metal selling at Rs 55,150

Gold rebounds from 3-year low: Is it still a good time to invest?

Gold price advanced as geopolitical concerns surrounding Russia brought safe haven buying in the metal. Meanwhile, hawkish interest rate outlook in western economies restricted its further gains

Pink wads crawl out of woodwork amid the rush to dump Rs 2,000 notes

Surge in demand for gold, victuals, even as most sellers across the country decide not to argue with purchasers and accept Rs 2,000 notes

Rs 2,000 note: Hawala rate at Rs 91 for $; exchange for gold at Rs 70K

Hawala rate for the greenback surges to around Rs 91

Indian gold dealers trim discounts as price dip reignites some buying

Local gold prices were trading around 59,900 rupees per 10 grams on Friday after hitting a record high of 61,845 rupees earlier this month

Gold declines Rs 325 to Rs 60,925 per 10 gram; silver dips by Rs 965

Gold prices traded higher in Asian trading hours on Monday as the yellow metal got support from weaker US dollar

Gold rallies Rs 940 to record high of Rs 62,020; silver zooms Rs 660

Gold prices rallied Rs 940 to a lifetime high of Rs 62,020 per 10 grams in the national capital on Thursday amid strong global trends, according to HDFC Securities. The precious metal had settled at Rs 61,080 per 10 grams in the previous trade. Silver also zoomed Rs 660 to Rs 76,700 per kg. Gold prices in the domestic market climbed to record high following overnight gains in the international market, Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said. In the overseas market, both gold and silver were trading higher at USD 2,039.50 per ounce and USD 25.50 per ounce, respectively. Gold prices traded up in Asian trading hours on Thursday as dollar and bond yields dropped after the US Fed signalled a pause in policy tightening from the next meeting after hiking the benchmark interest rate by 25 basis points, Gandhi said.

Gold prices surge Rs 330 to reach Rs 60,760, silver jumps Rs 30 per kg

The price of ten grams of 24-carat gold in Delhi, Bengaluru, and Chennai is Rs 60,910, Rs 60,810, and Rs 61,420, respectively

Fed slowdown expectations drive gold towards second quarterly rise

Gold prices held steady on Friday, but the safe-haven metal was bound for its second straight quarterly gain after recent banking turmoil

Gold trades in tight range as investors squared positions for US jobs data

The dollar index slipped 0.3% after hitting a three-month high in the previous session. A weaker greenback tends to make bullion a more attractive bet

Sale of gold jewellery hallmarked with 6-digit code starts from April 1

Sale of gold jewellery and gold artefacts hallmarked with only a six-digit alphanumeric HUID -- union identification number -- will be permitted from April 1, the government said on Saturday. This means the sale of old hallmarked jewellery with four logos without HUID (Hallmark Unique Identification) number will not be allowed after March 31. A decision in this regard was taken after due consultation with stakeholders on January 18 in a bid to safeguard the interest of consumers, the consumer affairs ministry said in a statement. Gold hallmarking is a purity certification of the precious metal. It was voluntary in nature til June 16, 2021. It may be noted that prior to the implementation of the six-digit HUID number, hallmarking of gold jewellery consisted of four marks -- BIS logo, purity of the article as well as the logo of the jeweller and Assaying and Hallmarking Centre. The six-digit HUID number was introduced from July 1, 2021. After the introduction of HUID, the hallmark

Gold price unchanged at Rs 56,510 per 10 g; silver price falls Rs 500

The price of ten grams of 24 carat gold in Mumbai is at par with the price of gold in Kolkata and Hyderabad, at Rs 56,510

Government monetised enemy properties worth Rs 3,400 crore, says official

The government has earned over Rs 3,400 crore from disposal of enemy properties, mostly movable assets like shares and gold, officials said. Enemy properties are those left behind by people who took citizenship of Pakistan and China after leaving India during the partition and post the 1962 and 1965 wars. "The Custodian of Enemy Property for India (CEPI) has realised a total of Rs 3,407.98 crore from disposal of enemy properties which include 7,52,83,287 shares (for Rs 2,708.9 crore) of 152 companies in 2018-19, 2019-20, 2020-21 and 2021-22, and Rs 699.08 crore as revenue receipts," an official of the Ministry of Home Affairs (MHA) said on Tuesday. Altogether, 1699.79 grams of vested gold has also been sold for Rs 49,14,071 and 28.896 kilogram of silver ornaments have been disposed of for Rs 10,92,175 in January 2021 through Government of India Mint, Mumbai as per provisions of the Enemy Property Act, he said. No immovable enemy property has so far been monetised by the government

Gold, silver prices fall in early trade; yellow metal selling at Rs 56,830

Silver prices fell Rs 100 from yesterday's close to Rs 68,500 per kg

Gold, silver prices remain unchanged; yellow metal trades at Rs 56,950

Silver is selling at Rs 68,600 per kg in early trade

Gold, silver prices fall in early trade; yellow metal selling at Rs 56,730

Silver prices fell Rs 950 from yesterday's close to Rs 69,000 per kg

Gold price falls in early trade; yellow metal selling at Rs 57,160

Silver prices, on the other hand, rose Rs 400 from yesterday's close to Rs 70,400 per kg