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Gold futures weaken on profit-booking Gold futures weaken on profit-booking
Gold futures prices on Friday fell by 0.21 percent to Rs 28,045 per 10 grams as participants booked profits even as the metal strengthened overseas.
RBI asked banks not to sell gold coins: Chidambaram RBI asked banks not to sell gold coins: Chidambaram
RBI has advised banks not to sell gold coins to retail customers, Finance Minister P Chidambaram said a day after the government increased import duty on the metal amid widening Current Account Deficit.
Gold shoots to 5-week high; up Rs 430 on duty hike, global trend Gold shoots to 5-week high; up Rs 430 on duty hike, global trend
Gold of 99.9 and 99.5 percent purity shot up by Rs 430 each to Rs 28,090 and Rs 27,890 per 10 grams, respectively.
Gold to be costlier after hike in import duty: WGC Gold to be costlier after hike in import duty: WGC
World Gold Council (WGC) on Thursday said hike in import duty on gold will make the precious metal expensive.
Gold price slumps in futures trade on import duty hike, weak global cues Gold price slumps in futures trade on import duty hike, weak global cues
Globally, gold lost as much as 0.34 percent to USD 1,398 an ounce in Singapore.
Gold price today: Latest updates Gold price today: Latest updates
Gold price dropped by Rs 168 to Rs 27,516 per ten grams in futures trade Thursday as against its previous closing level of 27,684.
Gold import duty hiked to 8% to restrict demand Gold import duty hiked to 8% to restrict demand
With spiralling gold imports putting huge pressure on the Current Account Deficit, government Wednesday night hiked the import duty on the metal to 8 percent, up by 2 percent, in a bid to rein in demand.
Gold price eases marginally to Rs 27,660 per ten grams Gold price eases marginally to Rs 27,660 per ten grams
While gold eased by Rs 10 to Rs 27,660 per ten gram, silver lost Rs 300 to Rs 44,600 per kg on falling demand among industrial units and coin makers.
Gold price today: Latest updates Gold price today: Latest updates
Gold prices rose by Rs 97 to Rs 27,189 per ten grams in futures trade Wednesday as against its previous closing level of Rs 27,007.
Gold futures up on global cues Gold futures up on global cues
At the Multi Commodity Exchange, gold for delivery in October rose by Rs 90, or 0.33 percent, to Rs 27,336 per 10 gm in business turnover of 15 lots.
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