(Reuters) - Gold prices steadied on Wednesday after plummeting to a more than nine-month low, with investors awaiting U.S. inflation data for cues on the Federal Reserve's policy tightening path.
Gold prices steadied near an over nine-month low on Wednesday, as investors cautiously awaited US inflation data for cues on the road ahead for the Federal Reserve's monetary policy
Spot gold was up 0.1% at $1,727.89 per ounce at 0239 GMT, after dropping to its lowest level since late-September at $1,722.30 earlier
The rate of silver went up by Rs 5,300 per kg from the previous day's closing price, selling at Rs 62,500 on Wednesday
Gold prices remain unchanged in Tuesday's early trade as 10 gram of 24-carat of yellow metal is currently trading at Rs 51,210
In Delhi, Mumbai, and Kolkata, 10 gram of 24-carat gold is selling at Rs 51,210
(Reuters) - Gold neared a nine-month low on Monday, weakening after strong U.S. job market data last week boosted the likelihood of another super-sized interest rate hike by the Federal Reserve.
Spot gold held its ground at $1,741.84 per ounce at 0531 GMT. U.S. gold futures dipped 0.1% to $1,740.10
The MCX Gold futures need to cross and sustain above Rs 51,350 to regain upward momentum; Silver futures has near support at Rs 56,100.
Silver prices also remain unchanged with one kg of precious metal trading at Rs 57,000
Silver is selling at Rs 57,000 per kg today
(Reuters) - Gold rose on Thursday as the dollar pulled back slightly and some investors scooped up bargains after two sessions of heavy losses that plunged prices below the crucial $1,800 level.
Kalyan Jewellers on Thursday said it witnessed continued momentum in both footfall and revenue across all our markets in India and the Middle East in the first quarter of this financial year.
Gold prices have regained footing following some significant losses and a comparable softer US Dollar
Silver, on the other hand, is also witnessing a losing streak as the precious metal falls Rs 2,000. One kg of silver is currently selling at Rs 56,900
Gold prices are showing rising trends after dropping severely in previous months. This is owed to recession fears and rising oil prices, leading investors into frenzy
Silver is trading at Rs 57,800 per kg on Wednesday. after an increase of Rs 1,100
Dollar's 1.4% rise makes gold more expensive for overseas buyers; market focus on minutes of Fed June meeting on Wednesday
Gold and silver prices remain unchanged in Tuesday's early trade as 10 gram of 24-carat of the yellow metal is selling at Rs 52,340
Gold is currently ranging above $1,800 backed by Treasury yields and the spike in US dollar strength