Gold exchange-traded funds (ETFs), considered a safe haven during uncertain times, continue to glitter as they received a net inflow of Rs 103 crore in May. The development comes after a net inflow of Rs 124 crore witnessed in the asset class in April. Before that, investors withdrew Rs 266 crore from Gold ETFs in March, data from the Association of Mutual Funds in India (Amfi) showed. The slightly low inflow in May compared to the preceding month could be attributed to profit booking. Gold price came off its highs towards the second half of May on the back of positive news with regards to the US government raising the debt ceiling, thereby providing some buying opportunity, particularly after a sharp rally it witnessed since March this year, Melvyn Santarita, Analyst-Manager Research, Morningstar India, said. "With gold prices still trading at high levels, some investors would have chosen to book profits or take on risk on approach with a view that central banks would pause furthe
The price of ten grams of 22-carat gold rose Rs 400 to Rs 55,600
The price of ten grams of 22-carat gold was at Rs 55,300
The price of ten grams of 22-carat gold rose Rs 300 to Rs 56,000
Gold prices eased Rs 150 to Rs 60,250 per 10 grams in the national capital on Thursday amid a fall in yellow metal price overseas, according to HDFC Securities. The precious metal had ended at Rs 60,400 per 10 grams in the previous trade. Silver, however, jumped Rs 150 to Rs 72,900 per kg. "Spot gold prices in the Delhi markets traded at Rs 60,250/10 grams, down Rs 150 per 10 grams," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said. In the international markets, gold was quoting lower at USD 1,955 per ounce, while silver was marginally up at USD 23.27 per ounce. Comex gold prices edged lower in Asian trading hours on Thursday as the dollar and bond yields rebounded from lows in Wednesday's session, Sriram Iyer, Senior Research Analyst at Reliance Securities, said.
The price of ten grams of 22-carat gold declined Rs 150 to Rs 55,650
The Centre has tightened the restrictions governing the purchase of gold with cash by placing the gems and jewellery sector within the Prevention of Money Laundering Act (PMLA), 2002
The price of ten grams of 22-carat gold rose Rs 450 to Rs 55,800
The price of ten grams of 22-carat gold fell Rs 300 to Rs 55,800
Local gold prices were trading around 59,900 rupees per 10 grams on Friday after hitting a record high of 61,845 rupees earlier this month
The price of ten grams of 22-carat gold also fell Rs 10 to Rs 56,090
Traditional haven currencies like the Japanese yen and the Swiss franc had some fans, but each were less popular than the US dollar or, perhaps more strikingly Bitcoin
The price of ten grams of 22-carat gold rose Rs 100 to Rs 56,650
The price of ten grams of 22-carat gold rose Rs 250 to Rs 56,950
The price of ten grams of 22-carat gold rose Rs 100 to Rs 56,700
Share of foreign currency assets in overseas securities rises to 81% by March
The price of ten grams of 22-carat gold rose Rs 200, with 10-grams of the yellow metal trading at Rs 57,200
Demand shot to an 11-year high in 2022 thanks to the biggest central bank on record. Gold prices, meanwhile, are near record highs above $2,000 an ounce
The price of ten grams of 22-carat gold rose Rs 800, with 10-grams of the yellow metal trading at Rs 56,500
(Reuters) - Gold firmed well above the $2,000 level on Wednesday, buoyed by uncertainty surrounding the U.S. debt ceiling and other economic headwinds, while investors braced themselves for the Federal Reserve's monetary policy decision.