GOLD PRICE

  • Gold prices decline to over 3-year low on global cues November 5, 2014

    New Delhi: Gold prices plunged by Rs 450 to trade at over three-year low of Rs 25,900 per 10 grams in the national capital on Wednesday as the dollar's strength dampened demand for the precious metal. Besides, low demand from jewellers and retailers who preferred to defer their buying activity...
  • Gold remains weak amid poor buying sentiment November 4, 2014

    Mumbai: Gold prices slipped further at the domestic bullion market on Tuesday due to reduced off-take by stockists as well as retailers. Elsewhere, silver continued its relentless fall owing to lack of industrial demand. Standard gold (99.5 purity) moved down by Rs 30 to settle at Rs 25,955 per 10 grams...
  • Gold price dips Rs. 600 per 10 gram October 31, 2014

    New Delhi: Jewelry buyers have a reason to buy more gold even after the festive season has just gone as the yellow metal prices dropped by Rs 600 per 10 grams on Friday to Rs 26,500. In India, however, the marriage season will begin soon. Experts attributed the dip in price to...
  • Demand for gold surges once again this festive season October 22, 2014

    Bangalore: The demand for gold has surged once again as the festive and wedding season are underway. With the arrival of Dussehra, Dhanteras, Diwali, the excitement of jewellers and goldsmiths is more palpable than it was last year. The 2013 festive season took a hit from multiple fronts - raw material...
  • Gold edges up on stray support, silver recovers September 27, 2014

    Mumbai: Gold prices gained modestly, in an otherwise lacklustre and cautious trade at the domestic bullion market owing to stray buying support. Elsewhere, silver recovered owing to renewed industrial buying. Standard gold (99.5 purity) moved-up by Rs 5 to close at Rs 26,760 per 10 grams from Friday's level of...
  • India's love affair with gold may be over as prices slide September 12, 2014

    Vangal: Kiran Laxman Salunkhe used to buy jewellery during religious festivals, but sliding gold prices have led the young farmer to break with his family's traditional investment. This year Salunkhe has deposited his hardearned savings at the bank for the first time in a decade and bought farmland. "I bought jewellery when...
  • Gold dips below Rs 28,000level on weak global cues September 3, 2014

    New Delhi: Continuing its losing streak for the fourth straight day, gold prices dipped below the Rs 28,000level by falling Rs 70 to hit over twomonth low of Rs 27,950 per 10 grams in the national capital on Wednesday on sustained selling by stockists amid a weakening global trend. Silver also...
  • Gold tumbles on reduced offtake, weak global cues December 6, 2013

    New Delhi: Gold prices fell by Rs 465 to Rs 30,785 per 10 gram in the national capital on Friday on reduced offtake by stockists at existing higher levels amid a weak global trend. Silver remained under selling pressure for the fourth straight day and lost Rs 200 to Rs 43,600...
  • Gold futures down on weak global cues December 3, 2013

    New Delhi: Gold prices moved down by 0.31 per cent to Rs 28,739 per 10 gram in futures trade on Monday as speculators trimmed their exposures, tracking a weak trend overseas. At the Multi Commodity Exchange, gold for delivery in February next year eased by Rs 90, or 0.31 per...
  • Kerala: Over 100 kg smuggled gold seized in the past 8 months November 29, 2013

    Thiruvananthapuram: In an illegal gold rush in Kerala, over 100 kg smuggled gold has been seized in the past eight months after the Centre's checks on gold imports and close to 60 smuggling cases have been registered. In the past eight months, Kerala's airports have emerged key entry points for...
  • Jewellers face long road to export growth October 2, 2013

    Indian jewellers, long spoiled by access to the world's largest group of gold consumers, must seek expansion overseas after the authorities tied gold imports to exports. But the path will not be easy. India has hiked import duty for gold, its biggest nonessential import, this year from 4 percent to 10...
  • India hikes import duty on gold jewellery to 15 per cent September 17, 2013

    India on Tuesday hiked the import duty on gold jewellery to 15 per cent in a bid to protect domestic industry and curb the precious metal's imports, a key reason for the country's high trade and current account deficits. "Import duty on gold imports is increased to 15 per cent from...
  • Gold snaps 5-day losing streak, gains Rs 300 on global cues September 17, 2013

    New Delhi: Snapping its five-day losing streak, gold prices rose by Rs 300 to Rs 30,400 per ten grams in New Delhi on Tuesday on revival of buying at existing lower levels amid a firm global trend. Silver also recovered by Rs 680 to Rs 50,210 per kg on increased offtake by...
  • Gold imports seen at $38 billion to $40 billion in FY14: Rangarajan September 13, 2013

    New Delhi: Gold imports are likely to be around $38 billion to $40 billion in the current fiscal year to March 31, 2014, C Rangarajan, the economic adviser to the prime minister, said on Friday. That would be down from last fiscal year's $53.8 billion in imports, which helped push India's...
  • Gold prices fall by 0.91 pc on global cues, down to Rs 32,435 per 10 gram September 5, 2013

    Gold futures prices on Thursday fell by 0.91 per cent to Rs 32,435 per 10 gram as speculators reduced positions, taking cues from the global market. Besides, further recovery in the rupee also weighed on gold prices at futures trade. At the Multi Commodity Exchange, gold prices for delivery in December...
  • How to revive the economy and save the falling rupee? August 28, 2013

    The rupee is trading at 67.81 against dollar. The markets has also recovered, the Sensex is up 80 points at 18,048.19 and Nifty is up 22 points at 5,310.30. ...
  • Economic crisis: BJP asks UPA government to quit August 28, 2013

    Finance Minister P Chidambaram admitted that the economic crisis was on account of domestic policies as well. ...
  • Rupee in a tailspin, Commerce Minister says use gold to cut deficit August 28, 2013

    New Delhi: There seems to be no end to the bad news on the economic front with the rupee closing at an all-time low of 68.80 level, down 256 paise - the biggest one day fall ever - from the close on Tuesday. The Sensex, meanwhile, was on a rollercoaster...
  • Gold at all-time high of Rs 34,500 per 10 grams on weak rupee August 28, 2013

    Gold prices zoomed to a record high of Rs 34,500 per 10 gram with a biggest ever single day surge of Rs 2,500 in opening trade in bullion market on Wednesday amid the rupee hitting historic low of 68.75 a dollar. The current upsurge surpassed its record price of Rs 32,975...
  • Rupee ends at all-time low of 68.80 vs $, Sensex closes 28 points up August 28, 2013

    New Delhi: 5:10 pm: The rupee plunged to a record low on Wednesday to close at 66.80 vs US dollar. 4:15 pm: The markets have recovered after all the blood-letting with the Sensex closing up 28 points after recovering from a 500-point crash. The broader Nifty too recovered more than 160...
  • Gold hits record high at Rs 32,585 per 10 grams August 28, 2013

    Gold prices on Tuesday hit a record high of Rs 32,585 per 10 grams at the domestic bullion market as frenzied stockists and investors bought up the precious metal amid supply constraints as no imports have taken place since July when the government hiked duty. Rupee depreciation to a record low...
  • India @ 9 with Rajdeep Sardesai August 27, 2013

    Catch the day's top stories with Rajdeep Sardesai on India @ 9. ...
  • Markets tank, rupee plunges to 66.24 vs $; brace for fuel price hike August 27, 2013

    New Delhi: The economic scenario turned more gloomy on Tuesday with the rupee tumbling to a fresh low and breaching 66 vs the US dollar. The markets crashed too with the Sensex falling over 600 points during the intraday trade and finally closed 590.05 points down. Crude oil prices also...
  • Gold scales to eightmonth high at Rs 31,525 August 17, 2013

    New Delhi: Gold prices took another jump of Rs 515 to scale an eightmonth high of Rs 31,525 per ten gram here on Saturday on sustained buying by stockists and investors. After its biggest single day rise in two years on Friday, the precious metal advanced to a level last...
  • Gold surges most in 2 years; up Rs 1,310 as rupee, stocks tumble August 16, 2013

    New Delhi: Gold on Friday surged by Rs 1,310 per 10 gram, the highest in two years, to Rs 31,010 on strong demand from stockists ahead of festive season, after government increased import duty on the metal to 10 per cent. A sharp fall in Sensex and rupee against dollar...
  • Gold futures regain Rs 30,000 level on global cues, up 3.56 per cent August 16, 2013

    New Delhi: Continuing its rising streak, gold prices again crossed Rs 30,000 per ten gram level in futures trade on Friday by rising 3.56 per cent as speculators engaged in building up positions amid a firming trend overseas. Further, a firming trend in the domestic spot markets for the upcoming festive...
  • Gold extends gains to fresh twomonth highs August 16, 2013

    Gold reversed early losses on Friday, hitting fresh twomonth highs on strong buying from China and short covering after breaking through key technical levels, pushing the metal to its biggest weekly gain in a month. Gold dipped early in Asian hours after strong US data indicated the Federal Reserve could soon...
  • Has the economist Prime Minister failed the economy? July 9, 2013

    A worried government has gone into damage control as the rupee depreciated and the current account deficit widened. ...
  • Government tries damage control as economy struggles; is it too late? July 9, 2013

    New Delhi: A worried government has gone into damage control as the rupee depreciated and the current account deficit widened. Prime Minister Manmohan Singh has now laid out a roadmap to boost manufacturing growth over next 12 months and Finance minister P Chidambaram has left for the US to reassure...
  • Gold prices plunge by Rs 1,150; hit 23month low in Delhi June 28, 2013

    New Delhi: Gold prices today plunged by Rs 1,150 to hit 23month lows of Rs 25,650 per 10 grams in the bullion market here tracking weak global trends. This is the thirdbiggest single day decline ever. The largest fall was of Rs 1,250 on April 13 this year. In Mumbai, prices...