Page 7 - Gold Trade
Gold industry seeks One Nation, One Rate policy, beginning from East India
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
 "Gold industry seeks One Nation, One Rate policy, beginning from East India")
Buyers throng jewellery stores after cut in Customs duty on gold
The government has reduced custom duties on gold bars to 6% from 15%
 "Buyers throng jewellery stores after cut in Customs duty on gold")
Gold price slips Rs 10 to Rs 70,850, silver declines Rs 100 to Rs 87,400
The price of 22-carat gold also slipped Rs 10, with the yellow metal trading at Rs 64,940
 "Gold price slips Rs 10 to Rs 70,850, silver declines Rs 100 to Rs 87,400")
Gold slips Rs 10, silver down Rs 100; yellow metal trading at Rs 73,840
The price of 22-carat gold also slipped Rs 10, with the yellow metal trading at Rs 67,690
Gold price slips Rs 10 to Rs 74,830, silver declines Rs 100 to Rs 94,600
The price of 22-carat gold also slipped Rs 10, with the yellow metal trading at Rs 68,590
 "Gold price slips Rs 10 to Rs 74,830, silver declines Rs 100 to Rs 94,600")
Gold price climbs Rs 10 to Rs 75,010, silver grows Rs 100 to Rs 96,100
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 68,760
 "Gold price climbs Rs 10 to Rs 75,010, silver grows Rs 100 to Rs 96,100")
Gold Strategy: Buy dips; resistance at Rs 75,400, support at Rs 73,000
Spot gold surged to a fresh record high of $2465 on July 16 as traders continued to pile into the metal on Fed rate cut bets.
Gold price climbs Rs 10 to Rs 74,030, silver slips Rs 100 to Rs 94,900
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 67,860
 "Gold price climbs Rs 10 to Rs 74,030, silver slips Rs 100 to Rs 94,900")
Gold price slips Rs 10 to Rs 73,630, silver declines Rs 100 to Rs 95,100
The price of 22-carat gold also declined Rs 10, with ten grams of the yellow metal selling at Rs 67,490
Gold price slips Rs 10 to Rs 73,430, silver declines Rs 100 to Rs 95,400
The price of 22-carat gold also declined Rs 10, with ten grams of the yellow metal selling at Rs 67,590
Global gold ETFs lose $6.7bn in 2024; worst H1 drop in 11 years: WGC
WGC defines gold ETFs as regulated securities that hold gold in physical form. These include open-ended funds traded on regulated exchanges and other regulated products like closed-end funds and MFs
 "Global gold ETFs lose $6.7bn in 2024; worst H1 drop in 11 years: WGC")
Gold prices show bullishness, Crude oil bearish; check trading strategy
Oil prices fell 1 per cent to $82.33 amid easing supply disruption concerns from Gaza ceasefire hopes and Hurricane Beryl's impact
 "Gold prices show bullishness, Crude oil bearish; check trading strategy")
Gold price slips Rs 10 to Rs 73,080, silver rises Rs 100 to Rs 93,300
The price of 22-carat gold was down by Rs 10, with the yellow metal selling at Rs 67,000
Gold price slips Rs 10 to Rs 72,370, silver rises Rs 100 to Rs 96,100
The price of 22-carat gold also slipped Rs 10, with the yellow metal trading at Rs 66,340
Gold strategy on July 3: Support at Rs 71,300; Resistance at Rs 72,000
Spot gold rose slightly ahead of the US Fed Chair Powell's speech at the European Central Bank forum on central banking in Sintra, Portugal
Gold price slips Rs 10 to Rs 72,270, Silver declines Rs 100 to Rs 89,900
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 66,390, Rs 66,240, and Rs 66,840, respectively
Gold price rises Rs 10 to Rs 72,160, silver slips Rs 100 to Rs 89,900
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 66,310, Rs 66,160, and Rs 66,670, respectively
Gold price slips Rs 10 to Rs 71,720, silver falls Rs 100 to Rs 89,900
The price of 22-carat gold slipped Rs 10, with the yellow metal trading at Rs 65,740
Intraday trading strategy for gold, crude oil by Neha Qureshi of Anand Rathi
On the daily chart, MCX Gold for August is hovering near its trend line support. A break below 70,750 could signal bearish sentiments, the analyst said
Gold price dips Rs 10 to Rs 71,990, silver falls Rs 100 to Rs 89,900
The price of 22-carat gold slipped Rs 10, with the yellow metal trading at Rs 65,990
 "Gold price dips Rs 10 to Rs 71,990, silver falls Rs 100 to Rs 89,900")