Gold ETFs witness outflow of Rs 363cr in Apr-Aug FY 2016
NEW DELHI: Investors continue to pull out money from gold exchange-traded funds (ETFs), but the pace of outflow has slowed down in the current fiscal on account of the sluggish equity market trends. The Gold ETFs witnessed a net outflow of Rs 363 crore in the first five months (April-August) of... read more »
Gold hovers near three-week high as equities slip
Gold held close to its highest level in nearly three weeks on Monday, boosted by safe-haven demand after the Federal Reserve’s move last week to leave US interest rates unchanged weighed on global equities. Spot gold was steady at $1,138.90 an ounce by 0640 GMT, after gaining 3% in the... read more »
Gold tops Rs 27,000-mark on global cues, seasonal demand
Rising for the third straight day, gold regained the Rs 27,000-mark by gaining Rs 200 at the bullion market today in line with a firm global trend amid pick up in wedding season buying by jewellers. Silver too continued its upward journey and rose by Rs 150 to Rs 35,150 per kg on increased offtake... read more »
Gold surges by Rs.480 to reclaim Rs.27,000 mark
New Delhi: With the wedding and festive season fast approaching, the days of cheaper gold prices seems to be over as the precious metal climbed back to Rs.27,000 mark on Friday. After registering a decline recently, prices shot up by Rs.480 to touch Rs.27,180 at the bullion market. Silver also... read more »
