Gold prices are caught between the impact of strong US data and the possibility of trade friction as trade negotiations continue
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹91,060
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹90,660
Gold is expected to fall sharply in case the Trump Administration decides to extend the July deadline
Gold price: The yellow metal has witnessed a stunning double-digit rally of roughly 30 per cent so far this year, aided by geopolitical tensions
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹90,200
The price of 22-carat gold also stumbled ₹10, with ten grams of the yellow metal selling at ₹89,290
The price of 22-carat gold also stumbled ₹10, with ten grams of the yellow metal selling at ₹89,840
Gold price outlook: Strong ETF inflows, weaker US Dollar, weak US data and shaky Iran-Israel ceasefire are positive for the yellow metal in the near-term
The price of 22-carat gold also stumbled ₹10, with ten grams of the yellow metal selling at ₹90,690
The price of 22-carat gold also stumbled ₹10, with ten grams of the yellow metal selling at ₹90,690
The price of ten grams of 24-carat gold in Mumbai, Kolkata, and Chennai stood at ₹1,00,680
Spot gold gained 0.5per cent at $3,384.59 an ounce, as of 1245 a.m. EDT (1645 GMT). US gold futures was up 0.4per cent at $3,400.70
The Directorate of Revenue Intelligence (DRI) has busted a gold melting facility in south Mumbai, seized the yellow metal worth Rs 8.93 crore and arrested seven members of a crime syndicate, officials said on Monday. The central agency had specific intelligence about the facility involved in melting of smuggled gold brought to India from Dubai with the help of carrier passengers recruited by an organized syndicate, an official said. Accordingly, the DRI's Mumbai Zonal Unit initiated action under the codename "Operation Alchemist" on Sunday night and uncovered the gold melting unit in the Masjid Bunder area. Initially, a DRI team nabbed two persons, who were coming out of the facility and 8.74 kg of gold in bar form was recovered from their possession, he said. A search was conducted at the facility, where DRI officials found that two operators were melting smuggled gold and converting the precious metal into bars, he said. During investigation it surfaced that 18 egg-shaped ...
The price of 22-carat gold also stumbled ₹10, with ten grams of the yellow metal selling at ₹92,340
Gold has overtaken the euro to become the world's second-biggest reserve asset as central banks continue to buy amid global uncertainty
The price of 22-carat gold also climbed ₹10, with ten grams of the yellow metal selling at ₹92,350
The price of 22-carat gold also climbed ₹10, with ten grams of the yellow metal selling at ₹92,660
The government has imposed import curbs on certain colloidal precious metals, with an aim to check the illegal inflow of gold into India in liquid form. Colloidal precious metals are suspensions of gold or silver nanoparticles dispersed in a liquid. According to industry experts, some importers were using this route for imports from countries like Thailand. "The import policy of items covered under CTH 2843 is revised from free to restricted with immediate effect," the directorate general of foreign trade said in a notification. Goods under this number include colloidal precious metals; inorganic or organic compounds of precious metals. In a separate notification, the Directorate said that the import of Palladium, Rhodium and Iridium alloy consisting of gold more than one per cent by weight is restricted. Gold imports in April-May this fiscal year dipped by 3.82 per cent to USD 5.64 billion.
The price of 22-carat gold also fell ₹10, with ten grams of the yellow metal selling at ₹92,510