Page 15 - Gold Trade

Gold gains as rising virus cases, pullback in U.S. yields lift demand

Gold prices rose on Monday as a retreat in U.S. Treasury yields and worries over surging COVID-19 cases in some countries boosted the metal's appeal

Take advantage of low gold prices, maintain 10-15% allocation: Expert

The monetary metal has bounced back from recent lows, with the dollar and yields cooling, and is likely to strengthen further

Gold imports up by 22.58% to $34.6 billion in 2020-21, CAD takes a beating

Gold imports, which have a bearing on the country's current account deficit (CAD), rose by 22.58 per cent to USD 34.6 billion (about Rs 2.54 trillion ) during 2020-21 due to increased domestic demand

Gold prices hit seven-week peak as retreating US yields boost appeal

Benchmark U.S. bond yields hovered near a one-month low hit in the previous session, while the dollar edged lower against its rivals.

Gold price fall not a worry for NBFCs, but banks need to be watchful

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

India gold lenders cut tenor, seek more collateral as prices plunge

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

Hold on to sovereign gold bonds as prices may rebound, say experts

Premature withdrawal results in taxation of capital gain, while corpus received at maturity is tax-free

Investors see more sheen in paper gold this year amid lower prices

So far, FY21 has seen sale of 32.4 tonnes worth of sovereign gold bonds and 13 tonnes of exchange-traded funds

Gold prices headed for second monthly decline as Treasury yields rise

Prices had dropped 1.9% on Thursday as benchmark U.S. Treasury yields hit their highest since the pandemic began, lifting the dollar

Gold gains as Fed Chair Jerome Powell defend loose monetary policy

Spot gold rose 0.2% to $1,809.17 per ounce by 0111 GMT, having hit its highest since Feb. 16 at $1,815.63 on Tuesday. U.S. gold futures gained 0.1% to $1,807.30

Gold off seven-month low as dollar weakness outweighs firmer yields

Meanwhile, Bitcoin hit a record high on Sunday

Star commodity becomes a laggard: Gold's worst start to a year since 1991

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

Gold eases as dollar rises, still on track for best week in three

Spot gold dipped 0.3% to $1,820.73 per ounce by 0245 GMT. Prices were up 0.5% so far this week. U.S. gold futures slipped 0.3% to $1,821.10

BSE becomes first exchange to execute deliveries of Gold mini contracts

The BSE has become the country's first exchange to complete deliveries of Gold mini contracts under BSE-BIS India Good Delivery Standard

Gold scales two-week high as dollar slips on fiscal stimulus optimism

Spot gold gained 0.9% to $1,896.96 per ounce at 1:58 p.m. EDT (1758 GMT), while U.S. gold futures settled up 1.1% at $1,903.20

Gold gains, dollar weakens as Yellen underscores need of stimulus

Spot gold gained 0.6% to $1,850.66 per ounce by 0604 GMT. U.S. gold futures added 0.5% to $1,850

Gold recovers as hopes of additional fiscal stimulus in US buoy appeal

Spot gold was up 0.3% at $1,832.36 per ounce by 9:54 a.m. EST (1454 GMT), after falling to $1,809.90, its lowest since Dec. 2. U.S. gold futures rose 0.1% to $1,831.90

Gold prices climb to 8-week high; is it time to invest in gold financiers?

The trend in Muthoot Finance's stock looks promising as it is trading well above the 200-days moving average (DMA) placed at Rs 1,059 levels

Gold price today at Rs 53,240 per 10 gm, silver trending at Rs 68,200 a kg

In New Delhi, the gold price of 22-carat is at Rs 48,810 per 10 gm, while in Chennai it fell to Rs 47,160

Exclusive: Gold market authority threatens to blacklist UAE, other centres

The world's most influential gold market authority is threatening to stop bullion from countries including UAE entering the mainstream market if they fail to meet regulatory standards, a letter showed