Gold price loses sheen for 3rd straight year; softens by over Rs 1,000 per 10 grams in 2015
Gold price loses sheen for 3rd straight year; softens by over Rs 1,000 per 10 grams in 2015

The gold prices have dipped by about 5 percent in 2015 as investors looked for other asset classes and the government sought to monetise the holdings lying idle with the households and institutions.

Government cuts import tariff value on gold & silver

Government on Friday slashed import tariff value on gold and silver to USD 354 per 10 grams and USD 470 per kg respectively, tracking weakness in global markets.

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 weak on global cues, low demand; silver remains up
Gold weak on global cues, low demand; silver remains up

Weak global bullion market and tepid domestic demand continued pressure on gold prices. Gold closed at Rs 26,600 per 10 grams at the bullion market on Monday, but silver rallied to Rs 35,760 per kg.

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 eases to around one-month low as Fed meeting nears
Gold eases to around one-month low as Fed meeting nears

Spot gold fell 0.3 percent to $1,103.68 an ounce by 1148 GMT. It had fallen to $1,098.35 on Friday, the lowest since Aug. 11.

Gold ends flat, silver turns weaker on reduced offtake

Silver, however, eased further by Rs 100 to Rs 34,800 per kg on lack of buying support from industrial units and coin makers.

Gold hovers near one-month low as traders eye Fed meeting

The Fed will kick off a much awaited two-day policy meet on Wednesday. Many expect traders to remain on the sidelines until the Fed statement on Thursday, though prices could drop because of persistent uncertainty.

Gold slips below Rs 26,000-mark on weak demand, global cues

Standard gold (99.5 purity) declined by Rs 40 to finish at Rs 25,960 per 10 grams from Friday's closing level of Rs 26,000.

Gold recovers Rs 110 at Rs 26,840 on jewellers' buying

However, silver eased Rs 325 to Rs 35,250 per kg due to reduced offtake by industrial units and coin makers.

Gold, silver extend gains on jewellers buying, global cues

Silver also advanced by Rs 200 to Rs 35,000 per kg on increased offtake by industrial units and coin makers.

Gold falls for 4th day as US data boosts stocks, dollar

Spot gold was down 0.5 percent at $1,119.35 an ounce at 1345 GMT, and US gold futures for December delivery were down $5.30 an ounce at $1,119.30.

Gold at fresh 3-month high on seasonal demand, silver weakens

However, silver met with resistance at prevailing levels and traded lower by Rs 300 to Rs 36,300 per kg.

Gold firms on weak US data, China caution lingers

Gold rallied to its highest since mid-July last week after Beijing`s mini-devaluation of the yuan, as analysts speculated that a weakening Chinese currency could prompt the Federal Reserve to postpone an expected rise in US interest rates.

Gold maintains upward trend on jewellers' buying, global cues

Bullion traders said besides persistent buying by jewellers to meet seasonal demand, a firming global trend after China increased its bullion reserves and billionaire Stan Druckenmiller bought the metal, mainly aided the sentiments.

Govt hikes tariff value on imported gold, silver

For the first fortnight of this month, the import tariff value of gold and silver stood at USD 354 per 10 grams and USD 498 per kg, respectively.

Gold dips on low demand, global cues

Globally, gold shed 0.3 per cent to USD 1,092.14 an ounce and silver dropped 0.1 per cent to USD 14.76 an ounce in Singapore.

Gold edges up on scattered buying, silver remains weak

Silver, however, remained under selling pressure and shed Rs 50 at Rs 34,000 per kg.