Bullion prices hit a three-week peak in the previous session, buoyed by a weaker US dollar
The price of ten grams of 22 carat gold in Delhi, Bengaluru, and Chennai is Rs 47,160, Rs 47,060, and Rs 47,710, respectively.
The price of 10 grams of 22 carat gold in Delhi, Bengaluru, and Chennai is Rs 46,240, Rs 46,140, and Rs 47,160, respectively.
The price of 10 grams of 22 carat gold in Delhi, Bengaluru, and Chennai is Rs 47,000, Rs 46,900, and Rs 47,410, respectively.
Spot silver rose 0.1% to $19.68 per ounce, having hit a three-week peak on Tuesday
The price of 10 grams of 22 carat gold in Delhi and Mumbai is Rs 46,900 and Rs 46,750, respectively.
Gold prices slipped to a three-week low on Wednesday as the U.S. dollar and Treasury yields rose on bets of more steep interest rate hikes from the Federal Reserve
Gold prices rose on Tuesday as a weaker dollar lifted bullion's appeal for overseas buyers, although risks from interest rate hikes by the U.S. Federal Reserve limited further gains
Growing anticipation of another oversized US Federal Reserve interest rate hike kept the bullion on track for a weekly decline
Logistical issues, rising rates make gold less attractive as an investment in the West. As a result, gold and silver are selling at unusually high premiums in Asia
Gold prices on Friday increased by Rs 282 to Rs 50,638 per 10 gram in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for October delivery traded higher by Rs 282 or 0.56 per cent at Rs 50,638 per 10 gram in a business turnover of 10,471 lots. Fresh positions built up by participants led to the rise in gold prices, analysts said. Globally, gold was trading 1.08 per cent higher at USD 1,738.70 per ounce in New York.
This issue of importing gold disguised as platinum has come to light in the past few weeks, said a source in the know
Extending losses into a sixth session, spot gold was down 0.7% to $1,736.03 per ounce by 11:23 a.m. EDT (1523) GMT after hitting its lowest level since July 27 earlier in the session.
The imports stood at USD 12 billion during the same period a year ago
The precious metal had closed at Rs 53,111 per 10 grams in the previous trade
Spot gold slid 1.3% to $1,778.35 per ounce by 11:16 ET, having hit its lowest since Aug. 8 earlier in the session. U.S. gold futures dropped 1.2% to $1,794.20.
The white metal has lost about 11%, weighed down by the stronger US dollar, rising interest rates and slowing growth
10 gram of 22-carat gold traded at Rs 47,550 on Tuesday
The precious metal had closed at Rs 52,142 per 10 grams in the previous trade
The 170-carat stone from the Lulo alluvial mine has been named the "Lulo Rose"