Gold price loses sheen, fails to hold above Rs 29,000-mark

Gold price loses sheen, fails to hold above Rs 29,000-mark

Halting its two-day rising trend, gold prices declined by Rs 135 to trade below Rs 29,000 at Rs 28,865 per 10 gram at the bullion market Thursday owing to slackened demand by jewellers and retailers at prevailing level even as the precious metal firmed up overseas.

Gold price glitters on jewellers' buying, inches close to Rs 30,000 per 10 grams

Gold price glitters on jewellers' buying, inches close to Rs 30,000 per 10 grams

In the national capital, gold of 99.9 and 99.5 percent purity moved up by Rs 100 each to Rs 29,950 and Rs 29,800 per ten grams respectively.

Akshaya Tritiya: High prices dampen gold sales by up to 30%

Akshaya Tritiya: High prices dampen gold sales by up to 30%

High gold prices dampened sales today on Akshaya Tritiya, considered auspicious to buy yellow metal, with a section of industry players putting the sales figure 20-30 percent lower than the year-ago level.

 

Akshaya Tritiya today: Jewellers expect tepid surge in gold sales

Akshaya Tritiya today: Jewellers expect tepid surge in gold sales

Jewellers expect tepid surge in sales as the gold price has shot up in the last few weeks following global cues.

 

Jewellers in Maharashtra call off strike temporarily

Jewellers in Maharashtra call off strike temporarily

Jewellers in Maharashtra have called off their strike temporarily, from April 14 to 24.

 

Gold price weakens to Rs 25,605 per 10 gms; silver dips below Rs 34,000-mark

Gold price weakens to Rs 25,605 per 10 gms; silver dips below Rs 34,000-mark

Snapping its two-day rising run, gold prices drifted by Rs 85 to Rs 25,605 per ten grams at the bullion market Monday on weak global trend amid slackened demand from jewellers at prevailing levels.

Gold price extends gains, rises to Rs 25,600 per ten grams

Gold price extends gains, rises to Rs 25,600 per ten grams

Gold of 99.9 percent and 99.5 percent purity rose further by Rs 70 each to Rs 25,600 and Rs 25,450 per ten grams respectively.

India could ban imports of 24-carat gold jewellery: Report

India could ban imports of 24-carat gold jewellery: Report

India is planning to ban imports of 24-carat gold jewellery in an attempt to curb the misuse of free trade agreements (FTAs) with Asian countries, the DNA newspaper reported on Friday.

Rajesh Exports bags Rs 1,122-crore shipment order

Rajesh Exports bags Rs 1,122-crore shipment order

Jewellery firm Rajesh Exports Monday said it has bagged an export order worth Rs 1,122 crore for gold and diamond studded jewellery and medallions from the UAE.

Global gold demand rises 7.58% in Q3 to 1,121 tonnes: WGC

Global gold demand during the July-September period jumped by 7.58 percent to 1,121 tonnes due to softening of the prices, World Gold Council has said.

 

Increased Demand Of Gold

As the price rate of Gold fell down, there could be seen a rapid increase in the demand of Gold Jewellery.

Gold extends gain on global cues, silver remains weak

Gold extends gain on global cues, silver remains weak

Silver, however, remained under selling pressure and dipped below Rs 37,000 by falling another Rs 175 at Rs 36,900 per kg on poor off-take by industrial units and coin makers.

Gold, silver tumble on weak global cues and low demand

Gold, silver tumble on weak global cues and low demand

Silver followed suit and plunged by Rs 550 to Rs 36,700 per kg on reduced offtake by industrial units and coin makers.

Gold price posts biggest one-day gain this year, zooms by Rs 660 to Rs 26,810 per ten grams

Gold price posts biggest one-day gain this year, zooms by Rs 660 to Rs 26,810 per ten grams

In the national capital, gold of 99.9 and 99.5 percent purity zoomed by Rs 660 each, its biggest rise this year, to trade at Rs 26,810 and Rs 26,660 per ten grams respectively. It had gained Rs 600 previously on August 12.

Gold price tops Rs 27,000-level, surges Rs 400 to hit 1-month high

Gold price tops Rs 27,000-level, surges Rs 400 to hit 1-month high

Continuing its rising streak for the third straight day, gold on Friday reclaimed Rs 27,000-mark by zooming Rs 400 to hit 1-month high of Rs 27,250 per 10 grams at the bullion market, tracking a firming trend overseas amid pick-up in jewellers' buying to meet rising wedding demand.

Gold imports cross 120 tonnes in Aug, highest so far in FY16

Gold imports stood at 89 tonnes in July 2015. In August last year, the figure was 50 tonnes.

Gold jewellery worth Rs 1.5 lakh stolen from eminent sitarist's residence

Gold jewellery worth around Rs 1.5 lakh, besides silver valuables, mementos and cash, was stolen from eminent sitar player Manilal Nag's Cossipore residence in the northern part of the city on Monday afternoon.

Spooked investors seek other havens over gold, for now

As a broad rule, bullion tends to benefit from stock market weakness as an alternative asset, but previous equity crashes show the initial price response can be to fall.

Gold stands tall at seven-week high on China fears amid equities rout

Gold rose to as much as $1,168.40 on Friday, its highest since July 7. It gained more than 4 percent last week, the most since mid-January.

Gold imports jump 62.2% to $2.96 billion in July

After declining in June, Gold imports jumped 62.2 percent to USD 2.96 billion last month, a development which will have adverse bearing on India's current account deficit (CAD).