Gold recovers on wedding season demand
Gold prices on Monday recovered by Rs 70 to trade at Rs 27,700 per ten gram at the bullion market, largely supported by wedding season demand from jewellers and retailers amidst a firming global trend. Silver rose for the third day by gaining Rs 200 to Rs 38,900 per kg on continued buying by coin... read more »
Gold demand up 2% in Dec quarter, down 15% in 2014
MUMBAI, FEB 12: Gold demand in the December quarter was up two per cent at 223 tonnes, largely due to pent up demand from jewellers during the festival season on the back of drop in prices. In value terms it was down four per cent at Rs 53,343 crore. Jewellery demand in the quarter under review was... read more »
Swiss gold exports to India cross Rs 1.2 lakh crore
Switzerland’s gold exports to India crossed Rs 1.2 lakh crore in 2014 even as concerns persist over bullion being used to channel illicit funds into the Indian shores. The value of precious metal imported from Switzerland touched 17.1 billion Swiss francs (over Rs 1.2 lakh crore) during the... read more »
Gold Prices Fall as Traders Lock In Gains
Gold prices retreated from five-month highs as some investors locked in profits ahead of the weekend. The most actively traded gold contract, for February delivery, ended $8.10, or 0.6%, lower at $1,292.60 a troy ounce on the Comex division of the New York Mercantile Exchange. Some investors chose... read more »
