Page 41 - Gold

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

India building up gold reserves as part of forex deployment: RBI Guv Das

Reserve Bank Governor Shaktikanta Das on Friday said India has been building up gold reserves as part of its forex deployment. "We are building up gold reserves that is a part of our reserve deployment," Das told reporters at the customary post-policy review press conference here. He did not give any specifics on the quantum of gold buys, but pointed to the official data which shows an increase in the value of gold reserves. As per official data, the value of gold in the forex reserves stood at USD 51.487 billion as on March 22, which is USD 6.287 billion higher than the value as at end-March 2023. As per a recent news report, RBI bought 8.7 tonne of gold in January alone which is the highest in two years. The central bank's gold holdings had touched 812.3 tonne at the end of January from 803.58 tonne in the preceding month, as per the World Gold Council. The price of gold has also seen a rally over the last few months. Earlier in the day, Das announced that the overall forex ..

Gold touches new peak of Rs 69,200 per 10 grams amid global market rally

Gold prices jumped by Rs 830 to reach a new peak of Rs 69,200 per 10 grams on Wednesday amid a rally in precious metal rates in the global markets, according to HDFC Securities. This is the second time that yellow metal prices have hit an all-time high in this week. In the previous trade, the precious metal had closed at Rs 68,370 per 10 grams. Silver prices also surged by Rs 1,700 to Rs 80,700 per kg. It had finished at Rs 79,000 per kg in the previous close. "Spot gold prices (24 carats) in the Delhi markets are trading at Rs 69,200 per 10 grams, up by Rs 830, taking a bullish trend in the overseas markets," Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, said. In the international markets, spot gold at COMEX was trading at USD 2,275 per ounce, up by USD 20 from the previous close. "Gold up at yet another all-time high with prices breaching past USD 2,300 per ounce in early trade, while futures on MCX rose close to all-time around Rs 69,500, as demand for safe-h

Gold price declines Rs 10 to Rs 69,100, silver rises Rs 100 to Rs 79,100

In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 63,490, Rs 63,340, and Rs 64,290, respectively

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 price climbs Rs 10 to Rs 69,390, silver rises Rs 100 to Rs 78,700

The price of 22-carat gold declined Rs 10 with the yellow metal selling at Rs 63,610

Retaining sheen: Gold, silver may continue to sparkle next financial year

What is worth observing for the Indian market is that since the last nine years, gold investors have made money each year, while in silver, gains have been consistent only in the last five years

Metals soften in FY24, crude oil hardens in the international market

Most base metals, except tin, have ended lower in the last two years

Govt updates list of banks authorised to import gold, silver in FY25

The government on Thursday updated the list of banks authorised to import gold and silver during 2024-25. As per the list, 11 banks, including HDFC Bank and ICICI Bank, have been authorised by the Reserve Bank of India to import gold and silver for 2024-25 with effect from April 1. The authorisation will be valid up to March 31 next year. "List of banks authorised to import gold/silver...has been updated," the Directorate General of Foreign Trade (DGFT) said in a public notice. Three banks -- Indian Overseas Bank, Punjab National Bank, and Union Bank of India -- have authorised by the RBI to import only gold for 2024-25 with effect from April 1 this year. Gold imports rose 38.76 per cent to USD 44 billion during April-February this fiscal. However, silver imports dipped 11.53 per cent to USD 4.62 billion during the period.

India's March gold imports likely to plunge more than 90% as prices surge

Lower imports by India, the world's second biggest consumer of the precious metal, could limit a rally in global prices that hit a record high earlier this month

Gold slips Rs 10, silver declines Rs 100, yellow metal trading at Rs 66,700

In Mumbai, the price of ten grams of 22-carat gold is at par with that in Kolkata and Hyderabad, at Rs 61,140

Gold price slips Rs 10 to Rs 66,810, silver up Rs 100 at Rs 77,900

The price of one kilogram of silver in Delhi, Mumbai, and Kolkata stood at Rs 77,900

Gold price slips Rs 10 to Rs 66,810, silver falls Rs 100 to Rs 77,400

The price of 22-carat gold also declined Rs 10 with the yellow metal selling at Rs 61,240

Gold price climbs Rs 10 to Rs 67,430, silver jumps Rs 100 to Rs 78,600

The price of 22-carat gold also rose Rs 10 with the yellow metal selling at Rs 61,810

Gold price dips Rs 10 to Rs 66,320, silver falls Rs 100 to Rs 76,900

The price of 22-carat gold also declined Rs 10 with the yellow metal selling at Rs 60,790

Gold price climbs Rs 10 to Rs 66,340, silver rises Rs 100 to Rs 77,400

The price of 22-carat gold also rose Rs 10 with the yellow metal selling at Rs 60,810

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 dips Rs 10 to Rs 66,100, silver falls Rs 100 to Rs 76,900

The price of 22-carat gold also declined Rs 10 with the precious metal selling at Rs 60,590

Gold price climbs Rs 10 to Rs 66,120, silver rises Rs 100 to Rs 77,100

The price of 22-carat gold also inched up Rs 10 with the precious metal selling at Rs 60,610

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