Bullion is viewed as a hedge against the inflation and currency debasement likely from widespread stimulus. The Fed's tapering could tackle both those conditions, diminishing gold's appeal.
The price of gold jewellery varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.
The price of gold jewellery varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges
The price of gold jewellery varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.
Gold in the national capital on Monday rose by Rs 82 to Rs 45,952 per 10 gram in line with the firm global trends
The price of gold jewellery varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.
In New Delhi and Mumbai, 10 gm of 22-carat gold was selling at Rs 46,250 and 46,070, respectively
Gold continues to remain a buy on dips because central banks are in no hurry to raise interest rates
In New Delhi and Mumbai, 10 gm of 22-carat gold was selling at Rs 46,100 and 46,000, respectively
In New Delhi and Mumbai, 10 gm of 22-carat gold was selling at Rs 46,250 and 46,120, respectively
Silver is selling at Rs 65,000 per kg, down Rs 300 from yesterday's trading price
Spot gold dropped 1.6% to $1,794.57 per ounce by 1:45 pm EDT (1745 GMT), and was set for its worst day since August 9
Silver is selling at Rs 65,300 per kg, unchanged from yesterday's trading price
Higher imports by the world's second-biggest bullion consumer could support benchmark gold prices , which have corrected nearly 12% from an all-time high of $2,072 in August 2020
Spot gold rose 0.1% to $1,827.82 per ounce by 0646 GMT. In the previous session, prices hit their highest since June 16 at $1,833.80.
Silver is selling at Rs 65,200 per kg, unchanged from yesterday's trading price
Silver is selling at Rs 63,600 per kg, up by Rs 100 from yesterday's trading price
Spot gold rose 0.2% to $1,812.97 per ounce by 0641 GMT, and was down 0.2% for the week.
Silver is selling at Rs 63,500 per kg, up by Rs 500 from yesterday's trading price
Spot gold was little changed at $1,814.58 per ounce by 0646 GMT, while U.S. gold futures traded flat at $1,816.50.