The demand for gold jewellery hit a six-year high in 2021. Business Standard caught up with Somasundaram PR, Regional CEO, India, World Gold Council, to understand how the demand may pan out in 2022
(Reuters) - Gold prices extended losses to an over one-week low on Thursday as the U.S. dollar and Treasury yields rallied after U.S. Federal Reserve Chairman Jerome Powell signalled an interest rate hike in March.
The price of gold varies across the country due to excise duty, state taxes, and making charges
"Gold's resilience of late is set to be tested by the latest policy signals emanating from the FOMC today," said Extinity analyst Han Tan.
Spot gold held its ground at $1,846.87 per ounce, as of 0325 GMT, after hitting its highest level since Nov. 19 on Tuesday. U.S. gold futures were down 0.3% at $1,847.50
The price of gold varies across the country due to excise duty, state taxes, and making charges
(Reuters) - Gold fell on Tuesday as the U.S. dollar and Treasury yields gained on expectations of faster U.S. rate hikes, but bullion held above its $1,830 key level as safe-haven assets were still in demand amid escalating tensions over Ukraine.
The price of gold varies across the country due to excise duty, state taxes, and making charges
The price of gold varies across the country due to excise duty, state taxes, and making charges
Gold prices edged higher on Friday and were set for a second weekly gain, as safe-haven demand and lower US bond yields lifted the metal's appeal
The price of gold varies across the country due to excise duty, state taxes, and making charges
(Reuters) - Gold held near two-month highs on Thursday, buoyed by worries surrounding inflation and tensions over Ukraine, which also helped palladium extend its rally given concerns about supply of the autocatalyst metal from Russia.
Gold prices rose by Rs 415 to Rs 48,327 per 10 gram in the national capital on Thursday, reflecting overnight gains in the international precious metal prices, according to HDFC Securities.
The price of gold varies across the country due to excise duty, state taxes, and making charges
Gold prices fell towards previous session's one-week low as the prospect of aggressive rate hikes by the Federal Reserve sent benchmark Treasury yields to two-year highs
The price of gold varies across the country due to excise duty, state taxes, and making charges
(Reuters) - Gold prices eased on Tuesday, pressured by higher U.S. Treasury yields, as investors looked for clues about the Federal Reserve's interest rate hike timeline from its policy meeting next week.
The price of gold varies across the country due to excise duty, state taxes, and making charges
Gold prices eased on Monday, as U.S. Treasury yields gained on hawkish signals from the Federal Reserve and markets began to price in a sooner-than-anticipated reduction in balance sheet
The price of gold varies across the country due to excise duty, state taxes, and making charges