The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 75,090
The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 75,390
The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 75,540
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 75,560
India's forex reserves dropped by USD 1.88 billion to USD 623.983 billion in the week ended January 17, the RBI said on Friday. Earlier, the overall kitty declined by USD 8.714 billion to USD 625.871 billion in the week ended January 10, the Reserve Bank of India said. The reserves have been on a declining trend for the last few weeks, and the drop has been attributed to revaluation along with forex market interventions by RBI to help reduce volatilities in the rupee. The forex reserves had increased to an all-time high of USD 704.885 billion in end-September. For the week ended January 17, foreign currency assets, a major component of the reserves, decreased by USD 2.878 billion to USD 533.133 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves increased by USD 1.063 million to USD 68.
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Chennai, and Hyderabad at Rs 82,080
The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 75,260
The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 74,340
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Chennai, and Hyderabad at Rs 81,280
Gold rate in share market: Recovery in gold prices is being driven primarily by a sharp decline in the US yields and a retreat in the US Dollar Index
The medium-term outlook for Indian equities remains positive. Fixed income strategies should focus on accrual and high-yield investments, while gold and real estate show positive growth prospects.
Gold price today: Gold is expected to range trade ahead of the US CPI report
The government has also revised the electronics import value for this period downward by $2.7 billion to $61.2 billion
The price of 22-carat gold also declined by Rs 10, with ten grams of the yellow metal selling at Rs 72,140
The spike in gold imports widened the country's merchandise trade deficit to a record $37.84 billion in November, significantly exceeding economists' forecast of $23.9 billion
Gold is expected to rise toward Rs 85,000 per 10 grams, driven by central bank buying, geopolitical tensions, and trade war concerns.
Gold rate today: A weaker-than-expected US job data may help the metal test the crucial resistance in $2,690-$2,700, says analyst at Mirae Asset Sharekhan
The price of 22-carat gold also declined by Rs 10, with ten grams of the yellow metal selling at Rs 72,140
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Chennai, and Hyderabad at Rs 78,700
The yellow metal reached an all-time high of Rs 82,400 per 10 grams on October 30.