Gold in the national capital on Wednesday was up by Rs 110 to Rs 46,980 per 10 gram
Bullion wiped out losses made earlier this year with a 7.8 per cent advance over May amid signs of accelerating inflation
Spot gold was up 0.2% at $1,911.45 per ounce by 0255 GMT, after hitting its highest since Jan. 8 at $1,914.26 earlier in the session
In New Delhi, the price of 22-carat gold is at Rs 46,870 per 10 gm, while in Chennai it increased to Rs 46,280. The rate in Mumbai was Rs 46,700
Gold rose by Rs 195 to Rs 48,608 per 10 gram in the national capital on Monday following a gain in the precious metal prices, according to HDFC Securities. In the previous trade, it had closed at Rs 48,413 per 10 gram. Silver dipped marginally by Rs 15 to Rs 70,521 per kilogram from Rs 70,536 per kilogram in the previous trade. "Spot gold prices for 24 carats in Delhi rose by Rs 195 with strong COMEX (New York-based commodities exchange) gold prices," according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel. In the international market, gold was trading with gains at USD 1,905 per ounce and silver was flat at USD 27.95 per ounce.
While buyers have been slowly shifting away from the thousands of family-run jewelry shops that control the bulk of the world's second-biggest gold market, the pandemic has sped up the process
Bullion is one of the best-performing commodities this month, erasing almost all of this year's losses.
The issue price for Sovereign Gold Bond Scheme 2021-22, which will open for subscription for five days from May 31, has been fixed at Rs 4,889 per gram of gold, the Reserve Bank of India (RBI) said
U.S. gold futures slipped 0.3% to $1,892.30.
Spot gold was down 0.2% at $1,893.07 per ounce by 0308 GMT. Bullion has risen 0.7% so far this week, and was on track for its fourth straight weekly gain.
An uptick in the dollar and US Treasury yields pressured bullion, while investors awaited crucial US inflation data later on Friday
Investors seeking to benefit from this uptrend need to understand the pros and cons of the various investment options available to them
Spot gold was down 0.1% at $1,894.88 per ounce by 0235 GMT, after hitting its highest since Jan.8 at $1,912.50 on Wednesday
Crude oil prices are above their daily 5, 8, 13, and 21 day moving average envelope, which is in bullish sequential order
Signs of inflation would "prove to be largely transitory," Fed Vice Chair Richard Clarida said in a Yahoo! Finance interview
Gold prices rose above the key psychological level of $1,900 per ounce on Wednesday, helped by a weaker dollar and growing inflation concerns after Federal Reserve officials maintained a dovish stance
Spot gold was up 0.2% to $1,885.47 per ounce by 0724 GMT, after falling as much as 0.5% earlier in the session
Gold prices edged lower on Tuesday as hopes of quick economic recovery lifted demand for riskier assets, although a weaker dollar and lower US Treasury yields limited losses for the safe-haven metal
Spot gold was up 0.1 per cent at $1,882.61 per ounce at 10:25 am EDT (7:55 pm IST), having last week reached its highest since Jan. 8 at $1,889.75. US gold futures gained 0.3 per cent to $1,881.50
Spot gold was up 0.2% at $1,883.21 per ounce by 0301 GMT. Last week, gold prices hit their highest level since Jan. 8 at $1,889.75