Spot gold fell 0.6% to $1,727.11 an ounce by 1016 GMT
Gold prices on Monday rose to Rs 45,520 per 10 grams in the national capital
Last week's sell-off in global bonds stabilized after central banks from Asia to Europe provided reassurance that policy support remains in place
With gold prices on a decline, thanks to a rise in bond yields - globally and in India - analysts say investing in the yellow metal and the SGB scheme makes little sense right now
Spot gold was trading at 1,729.20 an ounce, down 2.39 per cent, in international market at 9 pm IST - the lowest since June 26 at $1,755.45
Gold prices on Friday declined to Rs 45,599 per 10 grams in the national capital
Benchmark US Treasury yields held close to a one-year peak hit in the previous session
(Reuters) - Gold pared some losses after dipping more than 1% earlier on Wednesday, helped by dovish comments from Federal Reserve Chair Jerome Powell, but bullion struggled for traction as elevated U.S. Treasury yields dampened its allure as an inflation hedge.
(Reuters) - Gold edged lower in choppy trade on Tuesday as the dollar recovered ground lost in the immediate wake of comments from U.S. Federal Reserve Chairman Jerome Powell, who said the economic recovery was "uneven and far from complete."
The dollar index surrendered early gains and was hovering near a six-week low,
Gold prices on Tuesday jumped to Rs 46,372 per 10 grams
12-15% allocation is a must to counter volatility in equities
Spot gold was up 1.6% at $1,810.45 an ounce
Gold jewellery prices vary across India, the second-largest consumer of the metal, due to differing excise duty, state taxes, and making changes in different states
The fall in gold prices may be a boon for the gold ETF category, which has seen inflows of over Rs 1,000 crore in the past two months
On Friday, local gold futures fell to 45,861 rupees per 10 grams, the lowest level since June 2020
Spot prices touched a seven-month low on Friday, deepening a slump and breaching through a support level that analysts say could portend further losses
Unlike yellow metal, platinum tends to have a positive correlation with equities
Lead is in overbought zone as RSI_14 is at 74, but there is no reversal chart pattern on the daily scale or divergence on momentum indicator
Spot gold fell 1.1% to $1,798.46 an ounce