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
New Delhi: Gold prices rose by Rs 55 to touch fresh all-time high of Rs 29,750 per 10 grams in the bullion market on Friday on sustained buying from stockists and investors even though the metal declined in global markets. Silver, on the other hand, remained under selling pressure and declined by Rs 300 to Rs 55,900 per kg on lack of buying support. Traders said sustained buying by stockists...
06:22 PM, May 04, 2012
Chennai: In what was the steepest single-day fall in the price of gold since October, the yellow metal on Thursday registered a drop over Rs 600 per sovereign, prompting many to flock jewellery shops across the city. The gold rush was compounded by the fact that only two days were left for the beginning of Margazhi month, which is considered inauspicious for conducting marriages or buying anything precious. As per...
08:32 AM, Dec 16, 2011
Singapore: Spot gold slid to a seven-week low on Tuesday, extending a 2.6-per cent decline in the previous session, as worries about the euro zone debt crisis continued to grip investors after the euphoria over the European Union summit agreement faded. Equities headed for a second day of losses and the euro languished near a two-month low as investors took fright at the prospect of mass euro zone sovereign ratings...
01:51 PM, Dec 13, 2011
London: Gold was set for its biggest three-day loss in 28 years on Monday, as investors fled commodity markets in a scramble to secure cash in the face of mounting fear over the impact of a potential Greek debt default on the rest of the euro zone. European policymakers began working on new ways to stop fallout from Greece's near-bankruptcy from inflicting more damage on the world economy after stinging...
03:23 PM, Sep 26, 2011
New Delhi: Silver prices tumbled and gold dropped to one-month lows on Friday, amid a sell-off in commodities as fear heightened that the global economy could plunge back into a recession. The base metals complex tumbled, led by a 13 per cent loss in the London tin. Asia's stock market also slid and emerging market currencies fell amid fears the developed world was stumbling back into recession. The world's major...
01:24 PM, Sep 23, 2011
Mumbai: India's benchmark gold futures continued their gaining streak on Tuesday morning and hit a fresh peak of Rs 28,265, buoyed by a rally in the world market. At 10:02 am, the October contract on the Multi Commodity Exchange rose 0.5 per cent to Rs 28,235. It has risen over 20 per cent in August. International spot gold soared to an all-time high above $ 1,910 on Tuesday, scoring a...
11:11 AM, Aug 23, 2011
Mumbai: India's benchmark gold futures on the Multi Commodity Exchange extended gains by more than 3 per cent on Tuesday morning and hit a new peak of 26,198 rupees per 10 grams, tailing a rally in the world market and on a weak rupee. The October contract was trading 3.16 per cent higher at Rs 26,041. It has risen over 11 per cent in August. Rupee fell sharply on Tuesday...
10:43 AM, Aug 09, 2011
New Delhi: Gold surged to record high by adding Rs 536 to Rs 25,978 per 10 grams in futures trading on Monday on buying by speculators, driven by a strong overseas trend, where investors sought safe haven following downgrading of the US credit rating. The rising of gold to an all-time high of over $ 1,700 an ounce in the Asian region as equity markets tumbled worldwide, will encourage investors...
12:36 PM, Aug 08, 2011
Mumbai: India gold futures extended gains for a fourth session on Friday to hit a new peak following a rally in overseas markets and a weaker rupee, which traded at its lowest level in five weeks, pushing physical traders to the sidelines ahead of a slew of festivals starting later next week. The most-active gold for October delivery on the Multi Commodity Exchange (MCX) struck a record of 24,300 rupees...
01:57 PM, Aug 05, 2011
Singapore: Gold edged up on Friday as investors used bullion to shelter from the storm engulfing financial markets on concerns that the United States may be facing another recession and Europe's debt crisis is spreading to some of its largest economies. Gold fell as much as $40 an ounce from a record high on Thursday because investors needed to sell the precious metal to cover losses in other asset classes,...
01:31 PM, Aug 05, 2011
New Delhi: Morgan Stanley raised its price forecasts for gold and silver on Thursday, citing enhanced contagion risk from the European debt crisis and continued uncertainty over US macroeconomic outlook. The investment bank said the possibility of renewed US quantitative easing would likely support investor demand and boost the prices for safe-haven commodities. "Commodities gained in July, outperforming both equities and bonds... Precious metals led the space higher, gaining 9.5...
12:44 PM, Aug 05, 2011
New Delhi: Riding high on a firming trend overseas, gold futures for delivery in February next year reached a record high of Rs 24,648 per 10 grams ton Wednesday. In addition, strong demand at the domestic spot markets, where the precious metal also touched a record high of Rs 23,690 per 10 grams in Tuesday's trade in the national capital, also helped gold helped to to scale new high at...
12:47 PM, Aug 03, 2011
New Delhi: Gold price may surge to a record Rs 22,000 per 10 grams by the end of this year as uncertainty in the US and European economies forces investors to bank on the precious metal. During the forthcoming festival season, gold price is likely to hover around Rs 21,000 per 10 grams, according to a survey conducted by the Associated Chambers of Commerce and Industry (Assocham). It says that...
02:05 PM, Sep 12, 2010
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