India's traditional high dependence on crude oil led to its imports soaring 94.2 per cent in June to $20.7 billion
Gold domestic futures jumped by about 3 per cent to over Rs 52,000 per 10 gram in initial trading
Silver is trading at Rs 59,400 per kg
In Delhi, Kolkata, and Bangalore, 10 gram of 24-carat gold is trading at Rs 51,980
Spot gold was flat at $1,817.01 per ounce by 0615 GMT. U.S. gold futures were little changed at $1,816.90
A kg of silver is trading at Rs 60,300 on Tuesday
The measures we have announced today will directly hit Russian oligarchs and strike at the heart of Putin's war machine, said UK Prime Minister Boris Johnson
Meanwhile, silver is also witnessing a fall of Rs 500 as compared to the previous day's rate. 1 kg of silver is trading at Rs 60,500
Gold prices went down in Wednesday's early trade from the previous day's rate by Rs 100, with 10 gram of yellow metal (24-carat) selling at Rs 51,980
Over the past five years, 11 per cent of India's gold supply came from 'old gold'; driven by movements in the gold price
It may underperform in the near term, but could bounce back if fears of a US recession gain ground
Gold Investors are looking cautiously into the US inflation data which will impact the US federal reserve's policy coming in soon
By Ashitha Shivaprasad
(Reuters) - Gold prices on Wednesday steadied near their lowest levels since late January pressured by a recovering dollar and an aggressive inflation stance from the U.S. Federal Reserve chief.
The gold price varies for different regions based on certain parameters such as the excise duty, making charges and the state taxes
The gold rates in India depend on a number of factors including the international gold prices, local tariffs, and the currency movements
Gold reserves increase by over 100 tonnes in two years
The gold rates in India depend on a number of factors including the international gold prices, local tariffs, and the currency movements
(Reuters) - Gold and other precious metals dropped on Thursday, with palladium shedding more than 8%, as investors flocked to the dollar driven by bets the U.S. Federal Reserve will stick to aggressive rate hikes.
The gold price varies for different regions based on certain parameters such as the excise duty, making charges and the state taxes