New Delhi: Rolling down gold prices dropped to one-month low by losing Rs 500 to Rs 26,800 per 10 grams in the national capital today on heavy selling by stockists driven by weak global trend.
This fall was in continuation to a steep fall of Rs 600 on Thursday to hit a level last seen on April 17, after the metal tumbled in overseas markets driven by reports investors cutting their holdings.
Gold in Singapore, which normally sets the price trend on the domestic front, dropped by 0.4 per cent to USD 1,387.30 an ounce, the cheapest since April 19. Silver also plunged by Rs 1,000 to Rs 43,700 per kg on poor offtake by industrial units and coin makers....
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04:59 PM, May 16, 2013
London: Gold fell for the fifth straight session on Wednesday, hitting a three-week low as the dollar strengthened to a six-week high versus the euro after weak euro zone data. While gold has recovered around 7 per cent from a two-year trough of $1.321.35 an ounce hit in mid-April, its safe-haven appeal has been battered by record-high US equities and signs of an improving US economy. Spot gold fell 0.8...
05:10 PM, May 15, 2013
New Delhi: Tracking a firming trend overseas as investors increased physical purchases, gold prices rose by 0.25 per cent to Rs 26,429 per 10 gram in futures trading on Tuesday. Besides covering-up of short positions by speculators fearing further rise, firm demand in the domestic spot markets also influenced gold prices. At the Multi Commodity Exchange, metal for delivery in June contracts gained Rs 63, or 0.25 per cent, to...
12:15 PM, Apr 23, 2013
New Delhi: Taking positive cues from the global market and rising physical demand in spot markets at prevailing levels, gold continued its recovery, rising by nearly one per cent to Rs 26,069 per 10 gm in futures trade on Saturday. Besides, covering-up by speculators who had created huge short positions, also helped gold to trade higher at futures trade. At the Multi Commodity Exchange, the most-active delivery in June contracts...
04:30 PM, Apr 20, 2013
Mumbai: Gold futures in India, which hit the lowest level in more than 18 months on Tuesday, may stage a recovery as key technical indicators point to the yellow metal entering oversold territory, according to analysts. Gold in India, the world's biggest buyer of the metal, has shed 21 per cent from the record high of Rs 32,464 for 10 grams struck in November, spreading panic among investors and importers....
03:10 PM, Apr 16, 2013
Singapore: Gold plunged to a more than two-year low on Tuesday, extending a brutal sell-off that is likely to persist amid fears over central bank sales and global growth, while investors frustrated by the metal's lacklustre performance dumped their holdings. Bullion posted its biggest ever daily drop in dollar terms in the previous session and is now down about 20 per cent so far this year, after stellar gains over...
09:00 AM, Apr 16, 2013
Gold prices have slipped in the past six months and the near-term outlook is bearish. Why is the yellow metal losing its sheen and is it time to dump the metal from your portfolio? ...
11:24 PM, Apr 15, 2013
New Delhi: Gold futures prices on Monday fell by 2.95 per cent to trade at a fifteen-month low of Rs 27,100 per ten gram as speculators engaged in offloading their positions after the precious metal dropped to a two-year low in overseas markets. At the Multi Commodity Exchange, gold for delivery in June fell sharply by Rs 825, or 2.95 per cent, to Rs 27,100 per 10 gm, the lowest...
11:18 AM, Apr 15, 2013
Gold traders in India, the world's biggest buyer of the metal, tried clearing off old stocks even as the yellow metal extended losses to hit its lowest level in more than five months weighed by a stronger rupee. ...
04:33 PM, Feb 04, 2013
New Delhi: Gold prices on Monday set a fresh all-time high of Rs 32,950 per 10 grams in Delhi on persisting demand from stockists and jewellers amid continuing weakness in rupee, dampening retail shopping in ongoing wedding season. Gold of 99.9 and 99.5 per cent purity added Rs 100 each to Rs 32,950 and Rs 32,750 per 10 grams, respectively in the bullion market here. Sovereigns held steady at Rs...
11:03 AM, Nov 27, 2012
Singapore: Gold hit an 11-month high on Friday in its fifth day of gains as stimulus measures from major central banks continued to increase its appeal as an inflation hedge, while investors awaited more trading direction from key US jobs data due later in the day. The European Central Bank kept interest rates unchanged on Thursday and said it was ready to buy government bonds of debt-laden nations, triggering a...
10:46 AM, Oct 05, 2012
New Delhi: Tracking strong global cues, gold on Saturday soared by Rs 540 per ten grams to fresh all-time high of Rs 32,450 in the national capital. Prices of gold (99.5 purity) in Kolkata increased by Rs 620 to Rs 32,425, while rates in Chennai rose by Rs 710 to Rs 32,325 per ten grams. In Mumbai, the precious metal's rates surged by Rs 605 to Rs 31,955 on Saturday....
08:14 PM, Sep 08, 2012
New Delhi: Gold prices on Thursday crossed the coveted Rs 32,000-mark for the first time in the national capital, driven by increased buying by stock holders ahead of the marriage season amid a firming global trend. The precious metal gained Rs 320 to Rs 32,300 per 10 grams. It has gained by Rs 1,555 per 10 grams in the last two weeks. Bullion merchants said the trading sentiment also bolstered...
03:53 PM, Sep 06, 2012
Mumbai: Indian spot gold prices hit a record high on Friday tracking overnight gains in the world market and on a weak rupee, dampening demand and boosting scrap supplies. * Spot gold prices in Mumbai moved above 31,000 rupees per 10 grams for the first time on Friday morning, although they eased a bit in the afternoon, taking cues from a similar trend on the world market. * Global gold...
03:46 PM, Aug 24, 2012
New Delhi: Buoyed by a firm trend in the overseas markets, gold futures prices on Thursday climbed to all-time high of Rs 31,029 per 10 grams as speculators indulged in enlarging positions. Rising spot demand in domestic markets for the wedding season also pushed gold futures to trade at record high, traders said. At the Multi Commodity Exchange, gold for delivery in December rose by Rs 352, or 1.23 per...
11:07 AM, Aug 23, 2012
Mumbai: The import of gold is likely to decline by 40 per cent in the last four months of the year to about 200 tonnes due to fall in demand for the yellow metal amid high prices and poor monsoon, Bombay Bullion Association said on Tuesday. "Import of the precious metal is not very encouraging and we expect about 40 per cent drop in shipments into the country at 200...
09:07 PM, Aug 21, 2012
Mumbai/Bangalore: The BSE Sensex should gain 10 per cent between now and the end of the year, though only reaching levels seen in July 2011, provided economic growth recovers from a recent lull, a Reuters poll showed on Thursday. The 30-share BSE index will rise to 18,750 points by the end of 2012, according to the median forecast from a survey of 22 investment houses conducted over the past week,...
02:25 PM, Jul 01, 2012
Singapore/Mumbai: Jewellers in Thailand cashed in gold as global prices extended gains for an eighth consecutive session on Tuesday, while a weaker rupee curbed buying interest in India, the world's main consumer, dealers said. Jewellers in India are also watching the progress of the monsoon, which could set the tone for demand during the next festive season. Indian farmers, who depend on monsoon rains for a good harvest, contribute to...
03:54 PM, Jun 19, 2012
New Delhi: Gold prices on Saturday jumped sharply up to Rs 1,095 per 10 gram crossing the Rs 30,000 per 10 gram level, its all-time high, on account of rise in global prices of precious metal and weakening rupee. The maximum jump in prices was seen in Chennai, where gold became costlier by Rs 1,095 at Rs 30,380 per 10 gram, followed by Delhi with a again of Rs 960...
08:33 PM, Jun 02, 2012
New Delhi: Gold on Wednesday plummeted by Rs 100 per 10 grams to a five week low in the national capital, after global investors shifted away to dollar from the precious metal as a safe haven. After losing Rs 270 in the last two sessions, gold fell further by Rs 100 to Rs 28,440 per 10 grams on stockists selling and retailers expecting further fall. Similarly in the Mumbai bullion...
09:26 PM, May 16, 2012
