Page 44 - Gold

Gold price unchanged at Rs 63,870, silver price unchanged at Rs 78,600

The price of 22-carat gold remained flat, with the yellow metal selling at Rs 58,550

Mineral output rises 13.1% in Oct, 9.4% growth in Apr-Oct period: Govt

India's mineral production went up 13.1 per cent in October 2023, over the same month a year ago, the government said on Monday. The index of mineral production of the mining and quarrying sector for October was 127.4, 13.1 per cent higher than October 2022, as per the provisional figures of Indian Bureau of Mines (IBM). The cumulative growth for the April-October period of the current fiscal over that of the year-ago period is 9.4 per cent. The minerals that showed positive growth in October included iron ore, manganese ore, gold, and coal. Important minerals showing negative growth included lignite, copper conc, and bauxite.

Gold price dips Rs 380 to Rs 63,870, silver falls Rs 1,200 to Rs 78,300

The price of 22-carat gold declined Rs 350, with the yellow metal selling at Rs 58,550

Gold price sits above $2,000 per ounce, heading for best in last 3 years

Gold investors anticipate record-high prices next year, when the fundamentals of a dovish pivot in U.S. interest rates are expected to support the market

Gold price jumps Rs 430 to Rs 64,250, silver climbs Rs 300 to Rs 79,500

The price of 22-carat gold climbed Rs 400, with the yellow metal selling at Rs 58,900

Gold glitter on global cues, jumps Rs 450; silver climbs up by Rs 400

Gold prices surged Rs 450 to Rs 64,300 per 10 grams in the national capital on Thursday amid strong global cues, according to HDFC Securities. This is at least the second time the precious metal prices have touched a record high of Rs 64,300 per 10 grams on December 4. In the previous trade, the yellow metal had ended at Rs 63,850 per 10 grams. Silver also climbed Rs 400 to Rs 79,500 per kilogram, while it had closed at Rs 79,100 per kg in the previous close. In the international markets, gold and silver were quoting higher at USD 2,080 per ounce and USD 24.31 per ounce, respectively. "The Comex spot gold surged to a three-week high following a fall in US Treasury yields and the dollar index, while traders anticipate aggressive Federal Reserve interest rate cuts by next year," Saumil Gandhi, senior analyst of commodities at HDFC Securities, said. The US jobs data, to be released on Thursday, will give more cues on the macro front and provide further insights into the potential sh

Majority prefer banks deposits to park savings, 21% in gold, says Survey

The affinity of Indians for gold and traditional bank deposits remain unwavering as about 77 per cent of respondents preferred to safeguard their earnings through bank deposits and 21 per cent choose to invest in gold in 2023, according to a survey. The Money9 annual personal finance pulse survey indicated a positive trend in insurance penetration, with over 27 per cent of households holding life insurance policies in 2023, higher from 19 per cent in the 2022 survey. However, a 53 per cent of households still lack health insurance coverage, according to the survey, which is based on responses from over 35,000 households across 20 states. It further said that India's burgeoning stock market is gradually making its way into the pockets of investors, with the percentage of stock market investors surging from a mere 3 per cent to 9 per cent compared to the previous year. Additionally, 10 per cent of Indian families have now embraced mutual fund investments, up from 6 per cent in 2022.

Gold price climbs Rs 220 to Rs 63,710, silver rises Rs 300 to Rs 79,500

The price of 22-carat gold was up Rs 200 at Rs 58,400

Where is gold headed in 2024? Geopolitics, central banks to keep demand hot

Heightened geopolitical tensions in a key election year for many major economies, combined with continued central bank buying could provide additional support for gold.

Gold, silver prices unchanged; yellow metal trading at Rs 63,490 per 10g

The price of silver also remained unchanged with one kilogram of the precious metal selling at Rs 79,000

Gold price rises Rs 230 to Rs 63,230, silver climbs Rs 300 to Rs 79,500

The price of 22-carat gold rose Rs 250 to Rs 58,000

Gold price unchanged at Rs 63,000, silver rises Rs 700 to Rs 79,200

The price of 22-carat gold was also unchanged at Rs 57,750

Last date to apply for new Sovereign Gold Bond (SGB) tranche today: Details

The bonds can be bought through agents or receiving officers (ROs), and applications must be submitted to branches during the weeks of subscription

Gold price unchanged at Rs 62,620, silver falls Rs 500 to Rs 75,500

The price of 22-carat gold was also unchanged, with the yellow metal selling at Rs 57,400

Potential rate cuts by US Fed in 2024 to drive next rally in gold

Be prepared for volatility in first half; use corrections to build a 10-15 per cent allocation

Sovereign Gold Bond scheme 2023-24 tranche III: All your FAQs answered here

Sovereign Gold Bond interest rate: These bonds bear interest at the rate of 2.50% per annum on the amount of initial investment. Interest is credited semi-annually to the bank account of the investor

Gold price rises Rs 110 to Rs 63,000, silver climbs Rs 1,000 to Rs 78,700

The price of 22-carat gold rose Rs 100, with the yellow metal selling at Rs 57,750

10-yr bond yield logs biggest weekly fall; gold set to sizzle, oil rises

The benchmark 10-year bond yield ended at 7.16 per cent, after closing the previous session at 7.19 per cent

Gold price climbs Rs 1,090 to 62,890, silver rises Rs 2,500 to 77,500

The price of 22-carat gold rose Rs 1,000, with the yellow metal selling at Rs 57,650

Gold price climbs Rs 170 to 62,950, silver unchanged at Rs 77,200

The price of 22-carat gold rose Rs 150, with the yellow metal selling at Rs 57,700