Page 27 - Gold

Gold price: Yellow metal rallies as Russia-Ukraine war takes ominous turn

Spot gold, at the time of writing this report, was trading nearly 0.77 per cent higher at $2,670, as it extended its rally to the fourth straight day

Gold rises Rs 10, silver falls Rs 100; yellow metal trading at Rs 77,960

The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 71,460

Gold jumps Rs 1,400 to Rs 79,300 per 10 gm; silver remains flat at Rs 93K

The precious metal of 99.9 per cent purity had closed at Rs 77,900 per 10 grams in the previous session. However, silver traded flat at Rs 93,000 per kg on Thursday

Gold jumps Rs 1,400 to Rs 79,300 per 10 gm; silver flat: Industry body

The precious metal of 99.9 per cent purity had closed at Rs 77,900 per 10 grams in the previous session. However, silver traded flat at Rs 93,000 per kg on Thursday

Gold nears two-month low, headed for worst week in over three years

Spot gold was little changed at $2,568.37 per ounce as of 1215 GMT. Prices have fallen more than 4% so far this week

Gold premiums reach 4-month peak as price drop attracts customers

Despite gold trading significantly below its record high, a shift toward precious metals in China has not been noticed yet, said Hugo Pascal, a precious metals trader at InProved

Senco gold shines with Rs 1,000 cr festive sales despite record high prices

Senco Gold dazzles with over Rs 1,000 crore in October sales, defying record-high gold prices with strong rural demand and festive cheer

Gold dips Rs 10 to Rs 75,640; silver down Rs 100, trading at Rs 89,400

The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Bengaluru, Chennai and Hyderabad at Rs 75,640

Gold dips Rs 10 to Rs 76,840; silver down Rs 100, trading at Rs 90,900

The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Bengaluru, Chennai and Hyderabad at Rs 76,840

Gold likely to be under pressure in near-term; check support levels

Spot gold tumbled to the lowest level in nearly 7 weeks on November 12 as investors piled into risk assets on optimism over the US growth prospects with Trump at the helm

Gold price climbs Rs 10 to Rs 79,480, silver jumps Rs 100 to Rs 94,100

The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 72,860

Gold prices rise Rs 500, silver jumps Rs 800 amid wedding festivities

Gold prices rose Rs 500 to reclaim the Rs 80,000 mark in the national capital on Friday amid fresh buying by local jewellers and retailers for the wedding festivities, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had settled lower at Rs 79,500 per 10 grams on Thursday. Silver also jumped Rs 800 to Rs 94,600 per kg against the previous close of Rs 93,800 per kg. The price of gold of 99.5 per cent purity climbed Rs 500 to Rs 79,600 per 10 grams. It had closed at Rs 79,100 per 10 grams on Thursday. Traders said demand from local jeweller businesses has picked up for the wedding season. Besides, gold prices witnessed an uptick as investors bet on this asset class as a safe haven, owing to depreciation in the rupee against the US dollar (USD). In future trade on the Multi Commodity Exchange (MCX), gold contracts for December delivery slipped Rs 198 or 0.26 per cent to trade at Rs 77,213 per 10 grams. "Gold traded weak amid strength in the d

Gold rate today: Analyst advises 'Sell on rally' for Gold post Fed rate cut

Gold price: The yellow metal faces risk from fickle bond yields as deficit concerns loom large. Near-term upside is limited, says Praveen Singh of Sharekhan

Gold price dips Rs 10 to Rs 78,550, silver falls Rs 100 to Rs 92,900

The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 71,990

Fitch affirms IIFL Finance's rating after RBI lifts ban on gold-loan biz

Fitch Ratings on Monday affirmed IIFL Finance's ratings with a stable outlook, saying that after the lifting of the ban on new gold-backed lending imposed by the Reserve Bank of India (RBI), the firm's franchise will gradually stabilise. The RBI in September, had lifted regulatory restrictions it had imposed in March on IIFL Finance's gold-backed lending business. Fitch Ratings has affirmed India-based IIFL Finance Ltd's long-term issuer default rating (IDR) and medium-term note programme rating at 'B+', and removed the ratings from 'Rating Watch Negative'. The outlook on the IDR is stable. The affirmation and stable outlook reflect expectation that IIFL Finance's franchise will gradually stabilise after the lifting of the ban. "Funding towards the gold-backed lending entity remains tentative, which could continue to restrain growth in the product. Nonetheless, funding volume for the housing finance and microfinance subsidiaries has been more resilient, which should support the cre

Gold expected to give 15-18% returns in Samvat 2081, say analysts

Gold is expected to deliver a stellar 15-18 per cent return in Samvat 2081, driven by positive economic factors and safe-haven demand, analysts said. Samvat 2081 marks an important period for Indian investors as it signals the start of a new financial year in the Hindu calendar, coinciding with the auspicious festival of Diwali. Gold and silver have delivered a robust performance in Samvat 2080, and the outlook remains positive for Samvat 2081, though investors may see moderate gains amid possible shifts in global market factors, they added. "The outlook for gold in Samvat 2081 remains positive. We expect a base performance of 10 per cent with potential for 15-18 per cent gains if the import duty cut continues to drive buying momentum. "However, any hike in import duties could push gold's performance beyond 15 per cent. A stable interest rate environment could also support a gradual upward trend," Jateen Trivedi, Vice President of Research for Commodities and Currency at LKP ...

Gold trades at Rs 80,400; silver remains steady at Rs 97,000 post Diwali

The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Bengaluru, Chennai and Hyderabad at Rs 80,400

Gold dips Rs 10 to Rs 80,550; silver down Rs 100, trading at Rs 96,900

The price of 22-carat gold also witnessed a drop of Rs 10, with ten grams of the yellow metal selling at Rs 73,840

Govt revises wastage, input-output norms for gold, silver jewellery exports

The government on Friday revised norms related to the permissible amount of wastage with regard to the export of gold, silver and platinum jewellery. The wastage norms are the permissible amount of gold or silver that can be lost during the manufacturing process of jewellery for export. An industry official said the wastage norms have been slightly adjusted from the earlier norms, released on May 27, after the industry urged the government to look into the issue. The industry had expressed concerns over the May rules which reduced the wastage norms across jewellery categories. After their concerns, the Commerce Ministry deferred the implementation of those rules till December 2024. Now, the ministry has come out with the revised norms again, which have been welcomed by the industry. "The wastage permissible and standard input-output norms with regard to export of jewellery have been revised," the Directorate General of Foreign Trade said in a public notice. The new norms will be

Festivities trigger gold buying spree, but volumes lag due to high prices

In India, prices jumped to a record high of Rs 79,775 per 10 grams earlier this week, marking a nearly 33 per cent increase since last year's Diwali