The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 73,410
Silver rate today: The metal may recover should the US CPI data turn out to be subdued, though upside is likely to be capped
The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 73,290
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 73,410
Gold prices rallied for a fifth straight session, rising Rs 110 to Rs 80,660 per 10 grams in the national capital on Monday, according to the All India Sarafa Association. The precious metal had settled at Rs 80,550 per 10 grams in the previous session on Friday. In the past five trading sessions, gold prices appreciated Rs 1,660, or 2.1 per cent, to Rs 80,660 per 10 grams. The price of gold of 99.5 per cent purity rose Rs 110 to Rs 80,260 per 10 grams against the previous close of Rs 80,150 per 10 grams on Friday. "Gold prices advanced as the rupee weakened by touching 86.61, driven by elevated crude oil prices. The rise in crude prices came on the back of fresh sanctions imposed on Russia by US President Joe Biden, escalating geopolitical tensions," Jateen Trivedi, VP Research Analyst of Commodity and Currency at LKP Securities, said. The rupee logged its steepest single-day fall in nearly two years and ended the session 58 paise down at its historic low of 86.62 (provisional) .
The price of 22-carat gold also dropped by Rs 10, with ten grams of the yellow metal selling at Rs 72,990
Gold prices rose Rs 250 to Rs 80,550 per 10 grams in the national capital on Friday as rupee hit record low amid consistent buying from retailers and stockists, according to the All India Sarafa Association. The precious metal ended the previous session at Rs 80,300 per 10 grams. However, silver traded flat at Rs 93,000 per kg on Friday. The price of gold of 99.5 per cent purity continuing to shine bright for the fourth straight session by appreciating Rs 250 to Rs 80,150 per 10 grams. It had finished at Rs 79,900 per 10 grams on Thursday. Traders said the rise in gold prices at local market is also propelled by robust overseas demand. Meanwhile, the rupee declined 14 paise and touched the crucial 86-mark for the first time against the US dollar on Friday as it failed to resist pressure from a stronger American currency and huge outflow of foreign funds. On a weekly basis, gold prices surged Rs 1,550, or 2 per cent, to Rs 80,550 per 10 grams, while silver shot up 2.5 per cent to
The price of 22-carat gold also rose by Rs 10, with ten grams of the yellow metal selling at Rs 72,610
The price of 22-carat gold also declined by Rs 10, with ten grams of the yellow metal selling at Rs 72,140
In the last three months, the rupee has depreciated 2.2 per cent against the dollar, which typically hurts consumer durable companies.
The price of 22-carat gold also declined by Rs 10, with ten grams of the yellow metal selling at Rs 72,140
The price of 22-carat gold also went down by Rs 10, with ten grams of the yellow metal selling at Rs 72,140
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Chennai, and Hyderabad at Rs 78,700
The price of 22-carat gold also went up by Rs 10, with ten grams of the yellow metal selling at Rs 72,610
Silver trading strategy: Stable US yields may help Silver test the resistance around $30.20 in ultra-short term, though buying the dips is advisable over chasing the rally
The price of 22-carat gold also rose by Rs 10, with ten grams of the yellow metal selling at Rs 71,810
The price of 22-carat gold also rose by Rs 10, with ten grams of the yellow metal selling at Rs 71,510
The price of 22-carat gold also went down by Rs 10, with ten grams of the yellow metal selling at Rs 71,090
The market now awaits a fresh set of catalysts, including a slew of US economic data due next week that could influence the interest rate outlook for 2025
The price of 22-carat gold also rose by Rs 10, with ten grams of the yellow metal selling at Rs 71,510