With gold prices falling, jewellers increase inventory levels
Trying to tap the falling gold prices, lakhs of jewellers across the country are increasing their inventory levels. Around 225 tonne of gold was imported in India in the last two months ahead of the Diwali festival and the marriage season. Almost a fourth of that has been used to replenish... read more »
Appetite for jewellery boosts India gold demand: WGC
Indian appetite for gold jumped by more than a third in the last quarter, in sharp contrast to the rest of the world, boosted by jewellery demand for the wedding season, an industry body said on Thursday. Demand in India rose 39 per cent to 225.1 tonnes in July-Sept – the second highest on... read more »
Gold, silver at multi-year lows on overseas cues
NEW DELHI: Gold and silver prices slumped to their multi-year lows to trade at Rs 25,800 per 10 grams and Rs 34,900 per kg, respectively in the national capital today amid weak cues from global markets as strengthening dollar curbed demand for the precious metals. In addition, absence of buying by... read more »
Gold, silver likely to trade lower; copper may rise
Global markets traded mixed in the last fortnight as the US Fed’s decision to wind up its bond buying programme acted as a boost for equities wherein the Dow Jones gained by around two per cent. Equities in the euro zone and Japan traded lower due to weak sentiment, acting as a negative... read more »
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Gold at three-month low on global cues
Extending losses for the eighth straight day, gold prices tumbled to trade at a three-month low of Rs. 27,600 per ten gram by falling Rs. 150 in the national capital on Tuesday on sustained... read more »
Gold dips below Rs 28K level on weak global cues
Continuing its losing streak for the fourth straight day, gold prices dipped below the Rs 28,000-level by falling Rs 70 to hit over two-month low of Rs 27,950 per 10 grams in New Delhi on... read more »
Gold gains 230 on global cues, seasonal demand
Snapping its nine-day losing streak, gold prices recovered by Rs. 230 to Rs. 28,260 per 10 grams in the national capital on Tuesday on a firming trend overseas and emergence of buying by... read more »
Gold trading outlook: futures lower as dollar rises, data ahead
Gold futures were lower during early trade in Europe today, as investors look towards economic data to further strengthen speculation for an earlier than previously expected US rate hike.... read more »
Gold remains weak on sluggish demand; silver ends lower
NEW DELHI: Continuing its losing streak for the eight straight session, gold prices shed Rs 40 to close at almost one-month low of Rs 28,100 per 10 grams in the national capital today due to... read more »
