Higher imports by India, the world's second-biggest consumer of the precious metal, are set to support gold prices that hit records this week, even as demand languishes in top buyer China
Silver prices on Monday soared by Rs 7,000 to hit an all-time high of Rs 1.5 lakh per kilogram in the national capital, while gold also scaled a new peak of Rs 1,19,500 per 10 grams amid strong global trends, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity jumped Rs 1,500 to reach a lifetime high of Rs 1,19,500 per 10 grams (inclusive of all taxes), up from Rs 1,18,000 per 10 grams in the previous session. In the local bullion market, gold of 99.5 per cent purity also rallied by Rs 1,500 to hit a record high of Rs 1,18,900 per 10 grams from Rs 1,17,400 per 10 grams on Saturday. Silver prices, too, witnessed a sharp rally, climbing Rs 7,000 to touch a record Rs 1,50,000 per kilogram (inclusive of all taxes), extending gains for the fourth straight session. The white metal had ended at Rs 1,43,000 per kg in the previous trade. In the overseas market, both gold and silver posted robust gains. Spot gold surged nearly 2 per cent to hit an all-ti
The price of 22-carat gold declined by ₹10, with ten grams of the yellow metal selling at ₹1,05,310
Huge surge in silver ETF inflows is the major driver of this stunning ongoing silver rally as Fed rate cut expectations boost investors' sentiments
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,03,660
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,02,060
Spot silver closed with a loss of over 2 per cent at $41.67 MOz on September 17 as the US Dollar Index and bond yields spiked higher on the Fed Chair Powell's comments in his post FOMC presser
Higher imports by the world's biggest silver consumer could give further support to global prices that are close to their highest level in 14 years
The price of 22-carat gold declined by ₹10, with ten grams of the yellow metal selling at ₹1,01,790
The price of 22-carat gold increased ₹10, with ten grams of the yellow metal selling at ₹1,02,010
The government will consider making hallmarking of silver jewellery and articles mandatory after evaluating the effectiveness of the process, which has been introduced on a voluntary basis. On September 4, the government announced introducing voluntary hallmarking for silver jewellery and articles, effective September 1, implementing a digital identification system to ensure metal purity for consumers. "We need some time to evaluate it. Six months should be enough. We will look at this for six months, and after that, we will consider whether to make it mandatory or not," Pramod Kumar Tiwari, Director General of Bureau of Indian Standards (BIS), told PTI on Friday. The official made the remarks in reply to a question about whether the government may consider making hallmarking of silver jewellery mandatory. BIS is the National Standard Body of India established under the BIS Act 2016 for the harmonious development of the activities of standardisation, marking and quality certificati
Praveen Singh, head of currencies and commodities at Mirae Asset Sharekhan, sees a weakening US labour market as a potential source of concern for the metal
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹1,01,110
New investors should enter in a staggered manner with an over five-year horizon
The price of 22-carat gold also declined by ₹10, with ten grams of the yellow metal selling at ₹99,340
Your favourite metals, silver and gold have dazzled markets yet again, with both hitting new milestones.
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹98,660
The price of 22-carat gold increased ₹10, with ten grams of the yellow metal selling at ₹98,060
The price of 22-carat gold increased ₹10, with ten grams of the yellow metal selling at ₹97,260
The price of 22-carat gold also declined by ₹10, with ten grams of the yellow metal selling at ₹97,060