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Gold Trade

Gold Strategy: Buy dips; resistance at Rs 75,400, support at Rs 73,000

Spot gold surged to a fresh record high of $2465 on July 16 as traders continued to pile into the metal on Fed rate cut bets

Gold Strategy: Buy dips; resistance at Rs 75,400, support at Rs 73,000
Updated On : 26 Nov 2024 | 4:55 PM IST

At record 795 tonnes, RBI's gold reserves see sharp on-year spike

Share of foreign currency assets in overseas securities rises to 81% by March.

At record 795 tonnes, RBI's gold reserves see sharp on-year spike
Updated On : 10 May 2023 | 5:47 PM IST

Fed slowdown expectations drive gold towards second quarterly rise

Gold prices held steady on Friday, but the safe-haven metal was bound for its second straight quarterly gain after recent banking turmoil

Fed slowdown expectations drive gold towards second quarterly rise
Updated On : 31 Mar 2023 | 6:01 PM IST

Gold trades in tight range as investors squared positions for US jobs data

The dollar index slipped 0.3% after hitting a three-month high in the previous session. A weaker greenback tends to make bullion a more attractive bet

Gold trades in tight range as investors squared positions for US jobs data
Updated On : 09 Mar 2023 | 9:28 PM IST

Sale of gold jewellery hallmarked with 6-digit code starts from April 1

Sale of gold jewellery and gold artefacts hallmarked with only a six-digit alphanumeric HUID -- union identification number -- will be permitted from April 1, the government said on Saturday. This means the sale of old hallmarked jewellery with four logos without HUID (Hallmark Unique Identification) number will not be allowed after March 31. A decision in this regard was taken after due consultation with stakeholders on January 18 in a bid to safeguard the interest of consumers, the consumer affairs ministry said in a statement. Gold hallmarking is a purity certification of the precious metal. It was voluntary in nature til June 16, 2021. It may be noted that prior to the implementation of the six-digit HUID number, hallmarking of gold jewellery consisted of four marks -- BIS logo, purity of the article as well as the logo of the jeweller and Assaying and Hallmarking Centre. The six-digit HUID number was introduced from July 1, 2021. After the introduction of HUID, the hallmark

Sale of gold jewellery hallmarked with 6-digit code starts from April 1
Updated On : 04 Mar 2023 | 10:42 PM IST

Gold price unchanged at Rs 56,510 per 10 g; silver price falls Rs 500

The price of ten grams of 24 carat gold in Mumbai is at par with the price of gold in Kolkata and Hyderabad, at Rs 56,510

Gold price unchanged at Rs 56,510 per 10 g; silver price falls Rs 500
Updated On : 25 Feb 2023 | 12:25 PM IST

Government monetised enemy properties worth Rs 3,400 crore, says official

The government has earned over Rs 3,400 crore from disposal of enemy properties, mostly movable assets like shares and gold, officials said. Enemy properties are those left behind by people who took citizenship of Pakistan and China after leaving India during the partition and post the 1962 and 1965 wars. "The Custodian of Enemy Property for India (CEPI) has realised a total of Rs 3,407.98 crore from disposal of enemy properties which include 7,52,83,287 shares (for Rs 2,708.9 crore) of 152 companies in 2018-19, 2019-20, 2020-21 and 2021-22, and Rs 699.08 crore as revenue receipts," an official of the Ministry of Home Affairs (MHA) said on Tuesday. Altogether, 1699.79 grams of vested gold has also been sold for Rs 49,14,071 and 28.896 kilogram of silver ornaments have been disposed of for Rs 10,92,175 in January 2021 through Government of India Mint, Mumbai as per provisions of the Enemy Property Act, he said. No immovable enemy property has so far been monetised by the government

Government monetised enemy properties worth Rs 3,400 crore, says official
Updated On : 21 Feb 2023 | 11:02 AM IST

Gold, silver prices fall in early trade; yellow metal selling at Rs 56,830

Silver prices fell Rs 100 from yesterday's close to Rs 68,500 per kg

Gold, silver prices fall in early trade; yellow metal selling at Rs 56,830
Updated On : 21 Feb 2023 | 8:42 AM IST

Gold, silver prices remain unchanged; yellow metal trades at Rs 56,950

Silver is selling at Rs 68,600 per kg in early trade

Gold, silver prices remain unchanged; yellow metal trades at Rs 56,950
Updated On : 20 Feb 2023 | 11:47 AM IST

Gold, silver prices fall in early trade; yellow metal selling at Rs 56,730

Silver prices fell Rs 950 from yesterday's close to Rs 69,000 per kg

Gold, silver prices fall in early trade; yellow metal selling at Rs 56,730
Updated On : 17 Feb 2023 | 8:25 AM IST

Gold price falls in early trade; yellow metal selling at Rs 57,160

Silver prices, on the other hand, rose Rs 400 from yesterday's close to Rs 70,400 per kg

Gold price falls in early trade; yellow metal selling at Rs 57,160
Updated On : 15 Feb 2023 | 8:55 AM IST

Gold declines Rs 55; silver tumbles Rs 455 in Delhi: HDFC Securities

Gold price declined by Rs 55 to Rs 56,865 per 10 gram in the national capital on Tuesday, according to HDFC Securities. The precious metal had ended at Rs 56,920 per 10 gram in the previous trade. Silver also tumbled Rs 455 to Rs 66,545 per kilogram. "Spot gold price in the Delhi markets traded at Rs 56,865 per 10 gram, down Rs 55 per 10 gram," said Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities. In the overseas market, gold was trading higher at USD 1,863 per ounce while silver was lower at USD 21.95 per ounce. Comex gold prices moved up in Asian trading hours on Tuesday but traded within range before US CPI data which will be released later in the day, Gandhi said.

Gold declines Rs 55; silver tumbles Rs 455 in Delhi: HDFC Securities
Updated On : 14 Feb 2023 | 3:32 PM IST

Gold, silver prices fall in early trade; yellow metal selling at Rs 57,230

Silver prices fell Rs 500 from yesterday's close to Rs 70,000 per kg

Gold, silver prices fall in early trade; yellow metal selling at Rs 57,230
Updated On : 14 Feb 2023 | 8:05 AM IST

The yellow metal can glitter some more

With the electronic gold receipts' launch, the gold market will be infused with transparency in spot transactions, enabling India to emerge as price setter, eliminating existing market inefficiencies

The yellow metal can glitter some more
Updated On : 12 Feb 2023 | 5:04 PM IST

Gold prices unchanged; yellow metal sells at Rs 57,550 per 10 gram

Silver prices increased by Rs 100 per kg; the precious metal is selling at Rs 71,400 per kg

Gold prices unchanged; yellow metal sells at Rs 57,550 per 10 gram
Updated On : 09 Feb 2023 | 10:42 AM IST

Kalyan Jewellers India Q3 consolidated PAT rises 10% to Rs 148.43 crore

Kalyan Jewellers India on Tuesday reported a 10.34 per cent growth in consolidated profit after tax (PAT) during the quarter ending December 31, 2022, at Rs 148.43 crore. The jewellery retailer's PAT stood at Rs 134.52 crore in the October-December quarter of the previous financial year, Kalyan Jewellers India said in a regulatory filing. The company recorded a 13.06 per cent growth in consolidated revenue during the quarter under review at Rs 3,884.09 crore against Rs 3,435.39 crore in the year-ago period. The India operations recorded EBITDA of Rs 276 crore for the quarter, compared to Rs 253 crore in the same period a year ago. The e-commerce division, Candere, recorded a revenue of Rs 44 crore for the quarter versus Rs 47 crore a year ago. Total revenue from operations in the Middle East grew by 24 per cent during the third quarter of FY23 was at Rs 641 crore against Rs 515 crore in the December quarter of the previous year. The Middle East region contributed around 16.5 per

Kalyan Jewellers India Q3 consolidated PAT rises 10% to Rs 148.43 crore
Updated On : 07 Feb 2023 | 5:47 PM IST

Gold, silver prices remain unchanged; yellow metal trades at Rs 57,160

In Delhi, Kolkata, and Mumbai 1 kg of silver was trading at Rs 71,200

Gold, silver prices remain unchanged; yellow metal trades at Rs 57,160
Updated On : 06 Feb 2023 | 8:57 AM IST

Gold, silver prices rise in early trade; yellow metal selling at Rs 57,820

The price of 22-carat gold rose Rs 500 from yesterday's close to Rs 53,000 per 10 grams

Gold, silver prices rise in early trade; yellow metal selling at Rs 57,820
Updated On : 02 Feb 2023 | 10:08 AM IST

Gold, silver prices fall in early trade; yellow metal selling at Rs 57,270

Silver prices fell Rs 100 from yesterday's close to Rs 72,300 per kg

Gold, silver prices fall in early trade; yellow metal selling at Rs 57,270
Updated On : 01 Feb 2023 | 8:28 AM IST
Updated On : 26 Jan 2023 | 2:57 PM IST