Snapping its two-day losing streak, gold prices bounced back by Rs 200 to Rs 30,750 per ten grams at the bullion market Tuesday, tracking a firm trend overseas along with fresh buying by jewellers at the domestic spot market.
Investors bidding for the fourth tranche of Sovereign Gold Bond scheme will get an interest of 4 percent annually for the period funds are transferred from clearing corporations to the Reserve Bank of India (RBI).
Gold continued to head downhill to trade at a 2-week low of Rs 30,550 per 10 grams by plunging Rs 200 Monday, in sync with a weak global market.
Sovereign Gold Bond Scheme (SGB) will be open for subscription from July 18-22, 2016 for trading members to subscribe to the issue for their clients.
Issue price for the fourth tranche of Sovereign Gold Bond, opening July 18, has been fixed at Rs 3,119 per gram.
Gold regained its glitter with prices rising by Rs 150 to Rs 30,800 per 10 grams at the bullion market today on pick-up in buying activity by jewellers at domestic spot market even as the metal weakened overseas.
Gold prices dipped on Friday on a firmer dollar and surging Asian shares and were set for the first weekly decline since May, after falling to a two-week low in the previous session.
The government's decision to exempt small scale jewellers from excise duty will give a boost to the trade, the gems and jewellery industry said Thursday.
Snapping its three-day rising streak, gold plunged by Rs 285 to Rs 30,650 per 10 grams at the bullion market Thursday, tracking a weak trend overseas amid sluggish demand from jewellers and customers at the domestic spot market.
In a relief to jewellers, the government increased excise duty exemption limit for small scale industry to Rs 10 crore from Rs 6 crore, waived the levy on sale of traded goods and relaxed various procedural norms.
Gold prices advanced for the third day Wednesday, spurred by a firm trend overseas and fresh buying by local jewellers, climbing Rs 45 to Rs 30,935 per 10 grams.
Gold saw its biggest one-day fall in three weeks on Tuesday as global equities rallied on easing political uncertainty in Britain and hopes for more economic stimulus, which in turn curbed demand for assets perceived as safe havens.
Gold prices rose for the second straight day Tuesday, adding Rs 40 to touch Rs 30,890 per 10 gram at the bullion market here, tracking a firm global trend amid persistent buying by jewellers at the domestic spot market.
Gold prices rebounded by Rs 150 to Rs 30,850 per ten gram at the bullion market today, in line with a firming trend overseas and fresh buying by jewellers at the domestic spot market.
Gold prices rebounded by Rs 150 to Rs 30,850 per ten gram at the bullion market Monday, in line with a firming trend overseas and fresh buying by jewellers at the domestic spot market.
Gold drifted further lower by Rs 50 to Rs 30,850 per ten grams at the bullion market Friday, tracking a weak trend overseas amid slackened demand from jewellers at domestic spot market.
Gold discounts in India soared to a record high this week as prices in the world`s second-largest consumer of the commodity touched a near three-year high, hurting consumer demand for physical gold.
Gold prices slipped from a 28-month high by falling Rs 150 to Rs 30,900 per 10 grams at Delhi bullion market Thursday, with demand from jewellers softening, even as the metal rose overseas.
Gold prices shot up to Rs 31,050 per 10 grams, a 28-month high, by surging Rs 400 in the bullion market on Wednesday, underpinned by risk-off attitude among investors and positive global cues.
Snapping its six-day long winning run, silver prices retreated from 28-month high by falling Rs 1,065 to Rs 46,650 per kg at the bullion market Tuesday, tracking a weak trend overseas amid reduced offtake by industrial units at the domestic market.