Gold is highly sensitive to rising U.S. interest rates, as these increase the opportunity cost of holding non-yielding bullion
Gold prices were flat today, as investors awaited the release of the minutes of the U.S. Federal Reserve's last policy meeting later in the day that could offer clues on further interest rate hikes.
The latest bout of outflows come amid a sharp surge in the equity markets
Gold became dearer in Saturday's early trade by Rs 160 per 10 gram with 24-carat of the yellow metal trading at Rs 51,980
Gold prices steadied at a one-month high on Friday, ahead of a much awaited US jobs data, as a retreat in Treasury yields and growing recession fears boosted safe-haven demand kept bullion on track.
The price of silver went up by Rs 200 per kg on Friday, trading at Rs 57,700
(Reuters) - Gold prices jumped more than 1% on Thursday as a pullback in the dollar and U.S. Treasury yields provided support ahead of a key U.S. jobs report that could influence the Federal Reserve's policy stance.
Gold prices rose on Wednesday as a pullback in the dollar and Sino-US tensions helped counter pressure from a rise in US Treasury yields after hawkish comments from Federal Reserve officials.
IIBX has the potential to ease the hassle involved in importing precious metals
The precious metal had closed at Rs 52,142 per 10 grams in the previous trade
Gold and Silver prices go down gradually. Chennai to be the most expensive to city to buy gold and silver.
(Reuters) - Gold steadied near a three-week peak on Monday, buoyed by a softer dollar, while investors strapped in for more economic readings that could determine the future pace of interest rate hikes.
10 gram of 22-carat gold is trading at Rs 47,200 today after an increase of Rs 100
India's International Bullion Exchange (IIBX) will be open for jewellers with a net worth of Rs 25 crore and above to participate
Gold rates have slumped to a nearly one-year low over ECB rate hike fears. Oil prices have also followed suit
In Delhi, Mumbai, and Kolkata, 10 gram of 24-carat gold is selling at Rs 50,390. Whereas, 10 gram of 22-carat gold is selling at Rs 46,190.
Gold prices took a hit as dollar rates hike amid US inflation data
The price of silver fell by Rs 6,100 per kg from the previous day's closing price, with the metal selling at Rs 56,400 on Thursday
(Reuters) - Gold neared a nine-month low on Monday, weakening after strong U.S. job market data last week boosted the likelihood of another super-sized interest rate hike by the Federal Reserve.
Indian gold imports in May were recorded at 107 tonnes, a rise of 790 per cent year-on-year, and impacting the current account deficit negatively