Mumbai: Gold, always considered a safe haven for investment in uncertain times, is likely to glitter more and even soar to Rs 63,000 per 10 grams next year amid expectations of fresh stimulus measures and weaker American dollar. In 2020, the economic and social uncertainties triggered by the coronavirus pandemic...
Gold has fallen 15 percent from its peak
In 2020, the BSE Sensex has gained more than 14 per cent. This year, gold rose more than 40 percent and in August its price was Rs 56000 per 10 grams. But since then, the price of gold has come down and it is in the range of 49000 to...
Vaccine hopes push gold below Rs 49,000 per 10 gram
Mumbai: The December contract of gold on the Multi Commodity Exchange (MCX) is currently trading at Rs 48,975 per 10 gram, lower by Rs 505 or 1.02 per cent from its previous close. Similarly, domestic futures of silver also continued its downward trend on Tuesday and its December contract on...
Sovereign Gold Bond scheme to open for subscription on November 9
The Reserve Bank of India has said that the issue price for the Sovereign Gold Bond is fixed at Rs 5,177 per gram of gold. The eighth tranche of sovereign gold bonds of this fiscal will be opened for subscription from November 9 to 13, 2020. In a statement the...
Global gold demand falls in July-Sept
Demand for gold globally dropped 19 per cent during the July-September quarter to 892.3 tonne, largely due to weak consumer demand amid the pandemic, said a World Gold Council report. So far in 2020, the demand stood at 2,972.1 tonne, around 10 per cent below the same period of 2019....
Gold Prices Ease As Global Stock Markets Surge, US Stocks At Record High
New Delhi: On Tuesday, gold prices in India eased on global cues. Gold futures on MCX were trading almost flat, up only by 0.37 percent at Rs 51,459 per 10 grams and in the international market, spot gold was down 0.2 percent to $1,929.25 per ounce. Asian stock market, including...
Gold prices set a new record
New Delhi: Gold prices have set a new record. Due to the boom in the last 16 sessions, gold in the domestic bullion market finally turned 57 on Friday. In the spot market, the price was recorded at Rs 57,008 per ten grams. Along with gold, silver prices also moved...
Gold demand in India decreased by 70 percent in 3 months: WGC
Gold demand in India has come down drastically. According to the World Gold Council (WGC), gold demand in the country fell by 70 per cent to 63.7 tonnes in the April – June quarter. The key reason for this is the lockdown implemented due to Corona. During the same period...
Gold prices hit Rs 50,000 per 10 gms
New Delhi: Gold prices today hit a fresh all-time high of Rs 50,021 per 10 grams, backed by positive trends in international rates, coupled with a weaker dollar. With today’s surge in the prices of yellow metal, Gold prices have climbed up 28 per cent on a year-to-date basis. Bucking...
Gold imports down by 94 percent to $ 68.8 million
New Delhi: Gold imports in the country declined by 94 percent to $ 688 million or Rs 5,160 crore in the first quarter of the current financial year. This information has been found in the statistics of the Ministry of Commerce. Gold imports affect the country's current account deficit (CAD)....