The correction in gold prices in recent months is not expected to materially impact the asset quality of non-banking financial companies (NBFCs) lending against gold: Crisil
In New Delhi, the price of 22-carat gold is at Rs 45,700 per 10 gm, while in Chennai it fell to Rs 43,800
The recent fall in gold prices is unlikely to affect the asset quality of NBFCs lending against gold in a considerable manner: report
In New Delhi, the price of 22-carat gold is at Rs 45,660 per 10 gm, while in Chennai it rose to Rs 43,750
Gold retreated from a over one-month peak hit in the previous session, weighed by rebound in the dollar and US Treasury yields, though it was still on course to register its first weekly gain in three
In New Delhi, the price of 22-carat gold is at Rs 45,150 per 10 gm, while in Chennai it fell to Rs 43,450
(Reuters) - Gold scaled a three-week peak on Thursday after minutes from the Federal Reserve's latest policy meeting reassured investors that interest rates will remain low for some time, pushing the dollar and U.S. yields lower.
Spot gold gained 0.3 per cent at $1,741.85 per ounce by 0927 GMT. US gold futures rose 0.1 per cent to $1,742.90 per ounce
Gold has made double bottom around 44,150 and bounced back sharply
In New Delhi, the price of 22-carat gold is at Rs 44,800 per 10 gm, while in Chennai it fell to Rs 42,970
Non-yielding bullion is highly sensitive to higher rates, as they increase the opportunity cost of holding gold and boost dollar and bond yields.
Spot gold was down 0.4% to $1,737.09 per ounce by 0946 GMT. US gold futures slipped 0.3% to $1,737.70 per ounce
In New Delhi, the price of 22-carat gold is at Rs 44,550 per 10 gm, while in Chennai it fell to Rs 42,570
Gold prices rose on Tuesday to their highest level in more than a week as a weaker dollar and pullback in US bond yields lifted demand for the safe-haven metal
In New Delhi, the price of 22-carat gold is at Rs 44,410 per 10 gm, while in Chennai it fell to Rs 42,580
Spot gold was down 0.1% to $1,726.36 per ounce by 0733 GMT. Gold futures were flat at $11,762.40 per ounce
Gold loans had boomed over the past year as small businesses tried to revive themselves from lockdowns by pledging family jewelry that's a staple of almost all Indian households
Higher imports by the world's second-biggest bullion consumer could support benchmark gold prices, which have corrected nearly 17% from an all-time high of $2,072 in August 2020
In New Delhi, the price of 22-carat gold is at Rs 43,800 per 10 gm, while in Chennai it fell to Rs 42,380
India's gold imports in March surged 471% from a year earlier to a record 160 tonnes, a government source told Reuters on Thursday