Silver prices remained unchanged from yesterday's close at Rs 72,300 per kg
Silver is selling at Rs 72,300 per kg
Silver price rose by Rs 400 per kilogram from yesterday's close; the precious metal was selling at Rs 71,900 per kg
Gold prices rose on Thursday to near an eight-month peak, helped by a weaker dollar, as investors braced for a U.S. inflation report expected to provide clues to the Federal Reserve's rate-hike path
Gold is considered a hedge against inflation and economic uncertainties, but higher interest rates increase the opportunity cost of holding gold as it pays no interest
Gold prices hit a six-month high on Tuesday in thin trading, with the market's attention turning to minutes from the US Federal Reserve's latest policy meeting due this week
Ten grams of 22-carat gold is selling at Rs 50,450, after a decrease of Rs 150
Gold prices rose by Rs 205 to Rs 55,210 per 10 grams in the national capital on Friday amid positive global trends, according to HDFC Securities. The precious metal had touched Rs 55,005 per 10 grams in the previous trade. Silver, however, declined by Rs 30 to Rs 69,698 per kg. "COMEX gold heads for a second weekly gain after US job data eased concern that a hot labour market would lead to hawkish Fed," an analyst at HDFC Securities said. In the overseas market, gold was trading in green at USD 1,817.4 per ounce while silver was marginally down at USD 23.83 per ounce. "Gold edged higher, helped by a dip in the dollar as initial unemployment claim data pointed to a cooling off in the US labour market, easing worries about harsher Federal Reserve rate hikes next year," Navneet Damani, Senior VP - Commodity Research at Motilal Oswal Financial Services, said.
Gold prices hemmed into a tight range in thin trading, as cautious traders awaited economic data due later in the day to gauge the Federal Reserve's rate hike stance
Silver is selling at Rs 69,300 per kg
Ten gram of 22- carat gold is selling at Rs 49,950 after the prices remain unchanged from the previous day
Gold prices were flat on Wednesday, with investors readying themselves for the US Federal Reserve's rate-hike decision
Under this gold will be imported at a duty lower than applicable to refineries
Higher interest rates tend to increase the opportunity cost of holding gold as it yields no interest
Analysts' target prices also indicates good upside for gold financiers
Spot gold was up 0.4 per cent at $1,775.69 per ounce
Silver prices rise by Rs 1,300 per kg, trading at Rs 66,500 today
The highest amount of gold seized was of Myanmar origin, marking a significant shift from 2019-20, when the majority of it was from West Asia
Ten grams of 22-carat gold is trading at Rs 49,450
22-carat gold was trading at Rs 49,250