Spot gold held its ground at $1,699.09 per ounce, as of 0341 GMT, having touched its highest since Sept. 14 at $1,702.39 earlier in the day.
Gold and silver prices edged higher in early trade with 10 gram of the yellow metal (24-carat) trading at Rs 51,110
Spot gold was up 0.5% at $1,667.89 per ounce, as of 0603 GMT. U.S. gold futures were 0.2% higher at $1,675.30
On the downside, near support for Gold futures seen at Rs 49,860, below which re-test of Rs 48,900-level seems likely; Silver futures face an uphill task of conquering multiple hurdles on the upside.
One kg of silver in Mumbai, Delhi, and Kolkata is trading at Rs 56,900
India has slashed the base import prices of crude and refined palm oil, crude soya oil and gold, the government said in a statement late on Friday, as prices corrected in the world market.
Gold prices were set on Friday for their biggest quarterly fall since early 2021, as aggressive interest rate hikes by the US Federal Reserve and commitment to deliver more
Gold prices retreated, as prospects for more US interest rate hikes and a subdued outlook for global economic growth bolstered the dollar
In Mumbai and Kolkata, 24-carat gold is selling at Rs 49,970 per 10 gram
Spot gold fell 0.6% to $1,619.79 per ounce, as of 0854 GMT. U.S. gold futures slipped 0.5% to $1,627.60
In Mumbai and Kolkata, 24-carat gold is selling at Rs 49,970 per 10 gram
Silver is trading at Rs 56,300 per kg today
Spot gold rose 0.9% to $1,636.30 per ounce as of 0833 GMT. Prices had hit an April 2020 low of $1,620.20 on Monday
During intraday trade, spot gold was down 0.1% at $1,641.59 per ounce as of 5.30 pm, after dropping as much as 1 per cent earlier to its lowest since April 2020 at $1,626.41 in the Asia session
Spot gold was little changed at $1,645.47 per ounce as of 0724 GMT. Prices fell as much as 1% earlier in the session to hit $1,626.41, their lowest level since April 2020
In Mumbai and Kolkata, 24-carat gold is selling at Rs 50,200 per 10 gram
In a Q&A, the council's Global Chief Market-Strategist said the price of gold will face headwinds in the near future
Ten grams of 22-carat gold is trading at Rs 46,500 after an increase of Rs 500
Spot gold was down 1.7% at $1,642.79 per ounce by 1058 GMT and was heading for its second straight weekly decline, down 1.8%. U.S. gold futures GCv1 fell 0.5% to $1,672.10.
In Mumbai, the yellow metal is going at a discount of $7-10 per ounce while in Ahmedabad it is $7