The precious metal of 99.9 per cent purity had closed at Rs 77,900 per 10 grams in the previous session. However, silver traded flat at Rs 93,000 per kg on Thursday
The precious metal of 99.9 per cent purity had closed at Rs 77,900 per 10 grams in the previous session. However, silver traded flat at Rs 93,000 per kg on Thursday
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Bengaluru, Chennai and Hyderabad at Rs 75,640
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Bengaluru, Chennai and Hyderabad at Rs 76,840
With China's fiscal stimulus failing to excite investors, Silver is likely to be under pressure in the short term, even gold and copper prices weaken
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 72,860
Gold prices rose Rs 500 to reclaim the Rs 80,000 mark in the national capital on Friday amid fresh buying by local jewellers and retailers for the wedding festivities, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had settled lower at Rs 79,500 per 10 grams on Thursday. Silver also jumped Rs 800 to Rs 94,600 per kg against the previous close of Rs 93,800 per kg. The price of gold of 99.5 per cent purity climbed Rs 500 to Rs 79,600 per 10 grams. It had closed at Rs 79,100 per 10 grams on Thursday. Traders said demand from local jeweller businesses has picked up for the wedding season. Besides, gold prices witnessed an uptick as investors bet on this asset class as a safe haven, owing to depreciation in the rupee against the US dollar (USD). In future trade on the Multi Commodity Exchange (MCX), gold contracts for December delivery slipped Rs 198 or 0.26 per cent to trade at Rs 77,213 per 10 grams. "Gold traded weak amid strength in the d
The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 71,990
Silver rate today: Silver is likely to do better than gold in the short-term in case Harris wins the presidential race
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Bengaluru, Chennai and Hyderabad at Rs 80,400
The price of 22-carat gold also witnessed a drop of Rs 10, with ten grams of the yellow metal selling at Rs 73,840
The government on Friday revised norms related to the permissible amount of wastage with regard to the export of gold, silver and platinum jewellery. The wastage norms are the permissible amount of gold or silver that can be lost during the manufacturing process of jewellery for export. An industry official said the wastage norms have been slightly adjusted from the earlier norms, released on May 27, after the industry urged the government to look into the issue. The industry had expressed concerns over the May rules which reduced the wastage norms across jewellery categories. After their concerns, the Commerce Ministry deferred the implementation of those rules till December 2024. Now, the ministry has come out with the revised norms again, which have been welcomed by the industry. "The wastage permissible and standard input-output norms with regard to export of jewellery have been revised," the Directorate General of Foreign Trade said in a public notice. The new norms will be
India's market cap rose by Rs 124 trillion to Rs 445 trillion. International prices of gold and silver gained 43 per cent and 50 per cent, respectively
Gold and silver ETFs from Nippon India Mutual Fund, the largest in the category, alone recorded a combined volume of Rs 228 crore
Silver rate: The metal is expected to be highly volatile and choppy as this week is packed with crucial data out of both China and the US, and the next week will be about the US presidential elections
Dhanteras 2024: Quick commerce platforms are offering 10-min delivery of gold from major jewellers including Tanishq and Malabar amid the festive rush
The price of 22-carat gold also witnessed a drop of Rs 10, with ten grams of the yellow metal selling at Rs 73,140
A weaker US dollar and lower Treasury yields have enhanced the appeal of precious metals
This forecast comes as silver has already demonstrated remarkable growth in 2024, achieving gains of over 40% and surpassing the Rs 100,000 mark domestically
Gold has returned 23%, compared to 15% for the Nifty