Since June 2020, gold-loans surged even as lending to other segments was affected by asset-quality concerns
The second wave has been badly affecting demand as many showrooms are closed due to restrictions, says a wholesaler
The price of gold was marginally lower by Rs 24 to Rs 47,273 per 10 gram in the national capital on Friday
Gold heads for weekly rise on subdued US Treasury yields, dollar
In New Delhi, the price of 22-carat gold is at Rs 46,650 per 10 gm, while in Chennai it fell to Rs 45,370
Spot gold was little changed at $1,792.66 per ounce by 0707 GMT
In New Delhi, the price of 22-carat gold is at Rs 46,590 per 10 gm, while in Chennai it fell to Rs 45,060
The monetary metal has bounced back from recent lows, with the dollar and yields cooling, and is likely to strengthen further
U.S. gold futures gained 0.5% to $1,786.90 per ounce.
In New Delhi, the price of 22-carat gold is at Rs 46,300 per 10 gm, while in Chennai it fell to Rs 44,500
U.S. gold futures eased 0.1% to $1,769 per ounce.
In New Delhi, the price of 22-carat gold is at Rs 46,400 per 10 gm, while in Chennai it fell to Rs 44,950
Gold prices hit 7-week high on weak dollar, lower bond yields
Rising inflation, low real yield, and equity market volatility are positives for the yellow metal
The latest numbers from both countries show consumer spending boosting the recovery from the pandemic
Benchmark U.S. bond yields hovered near a one-month low hit in the previous session, while the dollar edged lower against its rivals.
U.S. gold futures eased 0.1% to $1,763.80.
In New Delhi, the price of 22-carat gold is at Rs 45,860 per 10 gm, while in Chennai it fell to Rs 43,630
In New Delhi, the price of 22-carat gold is at Rs 45,950 per 10 gm, while in Chennai it fell to Rs 43,740
In New Delhi, the price of 22-carat gold is at Rs 45,710 per 10 gm, while in Chennai it fell to Rs 43,750