The price of 22-carat gold fell Rs 10, with the yellow metal selling at Rs 66,390
The price of 22-carat gold dipped Rs 10, with the yellow metal selling at Rs 67,290
The downside pressure on gold further intensified on Thursday on better-than-expected S&P US Global manufacturing and services PMI data
Gold remains important in central bank reserves, but won't significantly replace financial assets on balance sheets
The price of 22-carat gold also went down by Rs 10, with the yellow metal selling at Rs 68,290
Lower imports by India, the world's second biggest consumer of the precious metal, could cap a rally that carried global prices to a record this week
The price of 22-carat gold also dipped Rs 10, with the yellow metal selling at Rs 68,290
The cautious stance of the US Federal Reserve on its monetary policy is somewhat positive for the metal; thus, inflation hedge buying theme dominates
The dollar index remained subdued, making greenback-priced bullion more attractive to buyers holding other currencies
In an exclusive interview, Ashok Sonthalia, chief financial officer of Titan Company, discusses the company's expansion plans
The price of 22-carat gold also dipped Rs 10, with the yellow metal selling at Rs 67,590
Extending the record-breaking run to the second day in a row, silver prices hit lifetime high level of Rs 89,000 in the local market on Friday, even as gold prices fell Rs 150 to Rs 73,900 per 10 grams in line with firm trends in the overseas markets. According to HDFC Securities, silver prices jumped Rs 300 to Rs 89,000 per kg in the national capital. It had closed at Rs 88,700 per kg in the previous session. Meanwhile, gold prices declined Rs 150 to Rs 73,900 per 10 grams. In the previous session, it had settled at Rs 74,050. "Gold prices retreated on Friday as the US dollar and US Treasury yields recovered from multi-week lows. The US dollar index is currently quoting higher by 0.22 per cent against the previous close. "Traders reassessed the future path of interest rates, leading to a recovery in the US dollar and yields, following the US Fed's policymakers' emphasis on the need for US inflation to decrease further to justify lower borrowing costs and indicating that borrowing
The metal was changing hands at $2381 at the time of the MCX closing, which is down 0.20 per cent from Wednesday's closing level
The price of 22-carat gold was up by Rs 10, with the yellow metal selling at Rs 67,860
The price of 22-carat gold was up by Rs 10, with the yellow metal selling at Rs 67,160
Spot gold rose 0.4% to $2,367.29 per ounce, as of 1322 GMT. U.S. gold futures rose 0.6% to $2,372.70
In Delhi, Bengaluru, and Chennai, the price of ten grams of 24-carat gold stood at Rs 72,960, Rs 72,810, and Rs 72,970, respectively
Spot gold fell 0.7% to $2,342.95 per ounce by 1442 GMT. It had hit its highest level since April 22 on Friday
As of the end of March 2024, the Reserve Bank of India held a total of 822 metric tonnes of gold, with 408 metric tonnes held within the country
The price of 22-carat gold also went down by Rs 10, with the yellow metal selling at Rs 67,240