The price of 22-carat gold also fell by Rs 10, with ten grams of the yellow metal selling at Rs 70,790
Spot gold fell 0.2% to $2,653.00 per ounce, as of 0817 GMT, as traders locked in profits following last week's rally. U.S. gold futures rose 0.2% to $2,674.40
UBS analysts have raised gold's target to $2,750 per oz by end-2024 (from $2,600 per oz), $2,850 per oz by mid-2025 (from $2,700 per oz), and $2,900 per oz by end-3Q25 (from $2,750 per oz)
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 71,010
Union Commerce Minister Piyush Goyal on Friday said our sisters will not have a problem in buying mangalsutras after the steep cut in gold import duties. Speaking at an event organised by a south-based Malabar Gold and Diamonds, the minister said that our sisters can now have heavier mangalsutras as well. "I am told the business has shot up after that (the duty cut). Business has gone up like anything. Now, our sisters will not have a problem with (buying) their mangalsutras, I think, and you can have a heavier mangalsutra," he said. It can be noted that earlier this month, Finance Minister Nirmala Sitharaman announced a steep cut in customs duty on gold to 6 per cent from 15 per cent earlier. Goyal said the duty cut used to dominate every discussion within the gold industry, and there was a demand for lowering duties. The minister also exhorted the Gold and Jewellery Export Promotion Council to help promote Indian tourist destinations from jeweller outlets abroad, stressing that
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 70,590
Imports more than tripled to 140 tons in August from the previous month, according to the World Gold Council
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 70,610
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 70,010
Gold has risen 28% so far in 2024, as fears of an all-out war in the West Asia escalated
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 69,810
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 68,860
Prices of gold have climbed 26 per cent in 2024, its biggest annual rise since 2010, as investors also sought to hedge uncertainties spurred by prolonged conflicts in the Middle East and elsewhere
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 68,240
US Fed rate cut: Asian equities, however, saw meaningful gains Thursday morning where Indian stock market hit fresh record highs
Gold, Treasuries and the S&P 500 Index have all typically risen as the Fed starts lowering rates, according to an analysis of the past six easing cycles going back to 1989
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 68,490
Gold prices are hovering around a record high. Why is that do and what should you do? Watch the video to find out.
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 68,640
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 68,810