PRECIOUS-Gold rebounds to 5-month high after ECB launches QE program
Gold turned higher and touched a five-month high above $1,300 per ounce on Thursday, after the European Central Bank (ECB) launched a multi-billion euro bond-buying program aimed at reviving a sagging euro zone economy. President Mario Draghi said the ECB would print money to buy up 60 billion... read more »
Gold regains Rs 28,000 mark on seasonal demand, global cues
Continuing its rising streak for the third consecutive day, gold crossed the Rs 28,000 level after over four months by gaining Rs 100 at the bullion market in the national capital on Monday. The precious metal rose to Rs 28,080 per ten grams largely on the back of sustained buying by jewellers and... read more »
Government hikes import tariff value on gold, silver
NEW DELHI: The government today hiked import tariff value on gold to $401 per 10 grams and on silver to $543 per kg in line with global price trends. The tariff value on imported gold was at $392 per 10 grams and for silver it was at $519 per kg in the first fortnight of this month. The import... read more »
Gold Edges Towards 12-Week High on Safe-Haven Demand
Singapore: Gold edged up for a third session out of four to hover near a 12-week peak on Wednesday, bolstered by safe-haven demand as tumbling oil prices and worries over global economic growth hit equities. FUNDAMENTALS Spot gold had ticked up 0.1 per cent to $1,231.80 an ounce by 0045 GMT. Gold... read more »
