January 31, 2015
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Gold price recovers on jewellers buying; global cues
Gold prices recovered by Rs 150 to trade at Rs 28,500 per ten gram at the bullion market Friday on emergence of buying by jewellers to meet wedding season demand amid a firming trend overseas.
India needs to bring gold reforms to raise gold recycling: WGC
India needs to take a leaf out of Turkey's book, which has undertaken gold reforms that helped bring out "stocks under the pillow", to reduce imports and curb smuggling, the World Gold Council on Thursday said.
Gold slips from five-month high, down Rs 150 on low demand
Snapping its five-day rising streak, gold retreated from five-month highs by falling Rs 150 to Rs 28,350 per ten gram at the bullion market today as demand eased at existing levels amidst a weak overseas trend.
Gold holds below $1,300 ahead of ECB on strong equities
Gold held below a five-month high on Thursday, hurt by profit-taking ahead of the European Central Bank`s decision on stimulus measures, and strength in Asian equities that dented the metal`s safe-haven appeal.
Gold discounts widest in 17 months, jewellers anticipate duty cut
Indian gold importers are offering a discount of up to $16 an ounce versus London prices, the widest in 17 months, as jewellers curtail purchases ahead of a possible cut in the import duty.
Gold hits 5-month high of Rs 28,500; Silver regains Rs 40K/kg mark
Gold added another Rs 320 to trade at an over five-month high of Rs 28,500 per ten grams and silver regained the Rs 40,000 per kg level.
Gold hits five-month high on ECB stimulus worries
Gold rose more than 1 percent on Tuesday to a five-month high as uncertainty over the extent of a stimulus program the European Central Bank is expected to unveil on Thursday drove investors into assets seen as lower risk.
Gold price extend gains on wedding season demand; global cues
Riding high on wedding season demand from jewellers and a firming trend overseas, gold continued its upward streak for the fourth straight session, with prices rising by another Rs 100 to Rs 28,180 per ten gram at the bullion market here Tuesday.
Gold near four-month high on worries over Europe, global economy
Gold held firm just below a four-month high on Tuesday, underpinned by safe-haven bids on market volatility stoked by uncertainty over Europe`s economy and global growth worries.
Gold price 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 Monday.
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