Gold prices gained on Monday, after posting a 6% drop last week, as a retreat in US Treasury yields bolstered the non-yielding metal's appeal
In New Delhi, the price of 22-carat gold was down to Rs 46,140 per 10 gm and in Chennai, it declined to Rs 44,290
Spot gold climbed to $1,790.59 per ounce by 0908 GMT, but was down 4.5% for the week.
In New Delhi, the price of 22-carat gold was down to Rs 47,000 per 10 gm and in Chennai, it dropped to Rs 45,150.
(Reuters) - Gold shed more than 2% on Thursday, precipitating a sell-off across precious metals with palladium set for its worst day in over a year, as the dollar gained ground after the U.S. Federal Reserve struck a hawkish tone on monetary strategy.
US gold futures were down 2.6% at $1,812.20 per ounce.
Spot gold was up 0.6% at $1,822.36 per ounce, as of 0235 GMT
In New Delhi, the price of 22-carat gold was down to Rs 47,500 per 10 gm. In Chennai, it slid to Rs 45,750
The central bank however held its benchmark short-term interest rate near zero and said it will continue to buy $120 billion in bonds each month to fuel the economic recovery
Hallmarking will be done at the first point of sale, maintains BIS chief
Gold prices fell on Wednesday for a fourth straight session, hurt by a stronger dollar as investors awaited the outcome of the U.S. Federal Reserve's latest meeting
In New Delhi, the price of 22-carat gold remained unchanged at Rs 47,650 per 10 gm
The yield on 10-year Treasuries eased slightly on Monday, following a two-day gain from the lowest since March that damped the appeal of the non-interest-bearing precious metal
US gold futures gained 0.2% to $1,869.
Spot gold was down 0.2% at $1,861.96 per ounce, as of 0224 GMT, after falling to its lowest since May 17 at $1,843.99 on Monday
Gold prices inched up marginally in India despite sliding in the bullion markets amidst the strong dollar
Spot gold was down 0.9% at $1,860.44 per ounce, as of 0654 GMT
Spot gold was down 0.6% at $1,864.58 per ounce, as of 0311 GMT, its lowest since June 4
In New Delhi, the price of 22-carat gold was down to Rs 47,890 per 10 gm
US gold futures rose 0.4% to $1,903.90 per ounce.