The gold price today for 24-carat gold in New Delhi is Rs 47,700 per 10 gram
The gold price today for 24-carat gold in New Delhi is Rs 47,300 per 10 gram. Gold rate in Chennai is Rs 48,790
The gold price today for 24-carat gold in New Delhi is Rs 47,810 per 10 gram
The gold jewellery prices vary across India - the second largest consumer of the metal - due to excise duty, state taxes and making charges
Industry estimates suggest that nearly 30 tonnes of gold is sold on Akshay Tritiya, last year
New ones should build their allocation gradually upon corrections
Appreciating rupee restricts jump, global monetary easing to support gold further
Not only are prices swinging in an erratic fashion - surging one moment and crashing the next - that is undermining the metal's vaunted status as a haven in times of crisis
This is a boon for investors holding gold exchange-traded funds and sovereign gold bonds
Gold, which was hovering around $1,321 an ounce in January 2019, has already breached $1,600 per ounce in the past few sessions to a seven-year high.
The RBI buys gold to hedge the government's sovereign gold bond issue, launched in November 2015
Unlike earlier, gold and silver meeting the Indian standards could now be delivered on exchanges like MCX which deal in their derivatives
Massive purchases by central banks have been another driver of demand for the yellow metal
Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls.
Jewellers to be given a year's time to clear stocks that aren't hallmarked and get themselves registered
Gold has been selling at a premium for the first time since the Union Budget for 2019-20, presented on July 5, when import duty on gold was raised to 12.5 per cent
Loan assets of the group grow by 13% to Rs 40,390 crore during first half of FY20
The lack of a coherent policy and the unwillingness of Indian jewellers to reform are tarnishing the industry
In this Samvat, investors earned 20.4 per cent from gold. The last year in which returns from gold were as good, was Samvat 2067 and 2068, though 2072 was not bad either
The central bank's gold reserves is valued at about $27 billion as of October 18, latest data showed