The reserves had increased by 100 tonnes in the last two years; currently stand at 785.35 tonnes
Gold prices were little changed on Friday, but the metal was headed for a second straight weekly drop as a stronger dollar and U.S. Federal Reserve's hawkish policy stance clouded outlook
The price of 10 grams of 22 carat gold in Delhi, Bengaluru, and Chennai is Rs 47,000, Rs 46,900, and Rs 47,410, respectively.
10 grams of 22 carat gold in Delhi, Chennai, and Bengaluru is selling at Rs 46,700, Rs 47,300, and Rs 46,600, respectively.
Gold price in the national capital gained Rs 51 to Rs 50,964 per 10 grams on Wednesday amid weak rupee, according to HDFC Securities. In the previous trade, the gold had touched Rs 50,913 per 10 grams. Silver, however, dropped Rs 502 to Rs 59,265 per kilogram. The rupee depreciated 12 paise to 82.71 against the US dollar in morning trade on Wednesday amid a muted trend in domestic equities. In the international market, gold was quoting lower at Rs 1,653 per ounce while silver was down at USD 19.70 per ounce. "COMEX gold has been steady around USD 1,650 an ounce as traders focused on the US Federal Reserve meeting later tonight for clues on when the bank will start scaling back interest rate hikes," said Dilip Parmar, Research Analyst at HDFC Securities.
Spot silver rose 0.1% to $19.68 per ounce, having hit a three-week peak on Tuesday
In Delhi, 10 gram of 24 carat gold is currently trading at Rs 50,990, whereas, 10 gram of 22 carat gold is selling at Rs 46,750
The MCX Gold futures may seek support around Rs 50,075 this week, whereas Silver futures if sustain above Rs 58,150, can potentially rally towards Rs 60,870-level.
Spot gold eased 0.1% to $1,640.09 per ounce by 1211 GMT, shedding about 1% so far in the month. U.S. gold futures inched 0.1% lower to $1,643.40
The price of 10 grams of 22 carat gold in Delhi and Mumbai is Rs 46,900 and Rs 46,750, respectively.
In Mumbai and Kolkata, 24-carat gold is selling at Rs 51,380 per 10 gram
Gold could see some correction due to an upside move in the dollar heading into the Fed meeting, expected to deliver a 75 basis point increase
In Mumbai and Kolkata, 24-carat gold is selling at Rs 51,280 per 10 gram
Spot gold was little changed at $1,663.30 per ounce, as of 0811 GMT, while U.S. gold futures fell 0.2% to $1,666.20
In Mumbai and Kolkata, 24-carat gold is selling at Rs 51,280 per 10 gram
Gold prices jumped over 1% on Wednesday as the dollar and bond yields weakened amid signs that the US Federal Reserve's aggressive rate hikes were dampening inflationary pressures
Gold prices were flat on a firmer dollar, although the bullion was anchored in a narrow range with investors awaiting further guidance on US Federal Reserve's policy tightening
In Mumbai and Kolkata, 24-carat gold is selling at Rs 51,110 per 10 gram
Gold competes with the dollar a safe store of value and gains in the currency also make bullion unattractive for overseas buyers
The MCX Silver December futures may re-test the 200-DMA hurdle placed at Rs 60,900 in the near term.