Page 9 - Gold Trade

Gold ETFs see first outflow post March 2023 at Rs 396 cr on profit booking

Gold Exchange Traded Fund (ETF) witness a net outflow of Rs 396 crore last month, making it the first withdrawal after March 2023, owing to profit booking. Despite the decline, the asset under management (AUM) of gold funds rose 5 per cent to Rs 32,789 crore at April-end from Rs 31,224 crore in the preceding month, according to the data with the Association of Mutual Funds in India (Amfi). As per the data, Gold ETFs saw a net withdrawal of Rs 396 crore in April as compared to an inflow of Rs 373 crore in the preceding month. The last time this asset class witnessed net outflow was in March 2023, withdrawing Rs 266 crore. "In INR terms, gold has done fairly well over the last year but dwarfs in comparison to how equities have fared. Given this backdrop, flows in the Gold ETF category have been somewhat patchy relative to the equity asset class. That said, investors could have opted to book some profits in this segment which has resulted in the asset class witnessing net outflows ...

Gold prices on Akshaya Tritiya, May 10: Check key levels before investing

Spot gold was up nearly 1 per cent Thursday on rate cut bets as the weekly US job data disappointed

Leading refiner, that brings in up to 20% gold, starts trading on India INX

BSE's arm India International Exchange (India INX) on Wednesday said India's leading gold refiner, which brings in up to 20 per cent of the country's gold, has started trading gold futures on its platform. This suggests that India INX, set up at GIFT City (Gujarat International Finance Tec-City), is becoming the main place for Indian jewellers and gold importers to hedge against the risk in gold prices. "Today, one of India's top gold refineries, which brings in 15 per cent to 20 per cent of the country's gold, has started trading gold futures to hedge against gold price volatility," India INX said in a statement. However, the bourse did not disclose the name of the refiner. In December 2022, the Reserve Bank of India (RBI) allowed Indian companies (except individuals) to manage their gold price risk on recognised exchanges within the International Financial Services Centre (IFSC). The move provided more options for Indian companies to hedge against volatility in gold prices throug

Gold slips on strong Dollar, may range-trade in near term: Check details

Spot gold slipped from its day's high of $2,329.98 and was seen hovering around $2,314 (MCX Gold June LTP Rs 71,146) when the local exchanges closed

Gold price falls Rs 10 to Rs 71,500, silver falls Rs 100 to Rs 82,900

In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 65,690, Rs 65,540, and Rs 66,340, respectively

RBI bought 19 tonnes of gold in March qtr. What fuelled the buying spree?

The RBI net demand totaled 290 tonnes in the March 2024 quarter, up 1 per cent as compared to 286.2 tonnes in the March 2023, strongest start to any year on record, World Gold Council (WGC) said.

Gold slips Rs 10, silver down Rs 100; yellow metal trading at Rs 72,590

The price of 22-carat gold also declined by Rs 10, with the yellow metal selling at Rs 66,540

Silver ETF gains greater traction as AUM tops Rs 5,000 crore in April

Last month, Gold ETF AUM had topped Rs 30,000 cr; This year's rally burnishes image of silver, gold as 'safe haven' bets

Gold price slips Rs 10 to Rs 72,150, silver falls Rs 100 to Rs 82,900

The price of 22-carat gold also dipped Rs 10, with the yellow metal selling at Rs 66,140

Gold price slips Rs 10 to Rs 73,390, silver rises Rs 100 to Rs 86,400

The price of 22-carat gold also dipped Rs 10, with the yellow metal selling at Rs 67,640

Gold price climbs Rs 10 to reach Rs 74,140, silver up Rs 100 to Rs 87,100

In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 68,110, Rs 67,960, and Rs 68,710, respectively

Gold prices hover near record high amid growing geopolitical tensions

Citi projected gold prices to trade at $3,000 per ounce over the next 6-18 months

Asian stocks slide, gold rises as Middle East crisis sparks safety rush

Oil prices, however, hardly reacted to the news, as traders had largely priced in a retaliatory attack from Iran that would likely further disrupt supply chains

Gold price slips Rs 10 to Rs 72,540, silver down Rs 100 at Rs 85,400

In Mumbai, the price of ten grams of 22-carat gold is at par with that in Kolkata and Hyderabad, at Rs 66,490

Gold price rises to Rs 72,110, silver price climbs Rs 100 to Rs 85,600

The price of one kilogram of silver in Chennai stood at Rs 89,100

Behind the glitter: Why is gold going up in value, how should you invest?

It is not an interest-bearing asset and has precious little industrial use

Gold price dips Rs 10 to Rs 69,970, silver falls Rs 100 to Rs 81,600

The price of 22-carat gold also fell Rs 10, with the yellow metal selling at Rs 64,140

Customers shy away from market as gold price nears Rs 70,000 milestone

The gold price was Rs 28,430 per 10 gram a decade ago, up 141 per cent, giving a 9.2 per cent compounding annual return

Gold declines Rs 10, silver slips Rs 100, yellow metal trading at Rs 65,860

The price of one kilogram of silver in Delhi, Mumbai, and Kolkata stood at Rs 76,900

Gold price slips Rs 10 to Rs 66,250, silver rises Rs 100 to Rs 76,200

The price of one kilogram of silver in Delhi, Mumbai, and Kolkata stood at Rs 76,200