Gold jumps over 1% on Thursday, as Russia reports of firing in Ukraine that led investors towards safe-haven assets. While Platinum hits its three month high peak.
Gold prices gained on Thursday after a steady start on a Russian news report of mortar fire in eastern Ukraine that sent investors rushing towards safe-haven assets.
World stocks crept higher on Wednesday, while assets such as government bonds and gold lost ground, despite Western doubt of Russian claims of troops pullback from Ukraine's borders.
Gold was flat on Wednesday, after hitting an eight-month high in volatile trade last session, as easing Russia-Ukraine tensions countered support from weaker bond yields.
With the reports of Russian troops near Ukraine returning to their base, thereby easing the Russia-Ukraine tension, the Gold prices fall by 0.8% after reaching 8-month high prices.
Spot gold was up 0.4% at $1,877.96 per ounce, as of 0639 GMT, after hitting its highest level since June 11 at $1,879.48 earlier. U.S. gold futures rose 0.6% to $1,880.20
Weighing on gold, the dollar and safe-haven currencies held their gains, while yields on the benchmark US 10-year Treasury note edged higher
Sebi, in January, came out with a framework for operationalising the gold exchange, wherein the yellow metal will be traded in the form of EGRs
Celebrations picked up in full swing in the three months through December, more than doubling full-year imports to 925 tonnes
Money managers back the asset because they see real yields remaining negative as the US Fed struggles to tighten policy enough to push interest rates above inflation.
(Reuters) - Gold held near two-month highs on Thursday, buoyed by worries surrounding inflation and tensions over Ukraine, which also helped palladium extend its rally given concerns about supply of the autocatalyst metal from Russia.
A survey taken of over 5,000 respondents from across all major Indian cities revealed 45% of Gen Z and Millennials would like to invest in silver jewellery especially gold-plated silver jewellery.
The price of gold varies across the country due to excise duty, state taxes, and making charges.
The price of gold varies across the country due to excise duty, state taxes, and making charges.
The price of gold varies across the country due to excise duty, state taxes, and making charges.
The price of gold varies across the country due to excise duty, state taxes, and making charges.
The price of 10 gram of 22-carat gold in Delhi and Mumbai is at Rs 46,750 and Rs 46,510, respectively.
Spot gold was up 0.32 per cent at $1,820.41 per ounce by 1132 GMT
Spot gold was up 0.2% to $1,818.79 per ounce at 1025 GMT, with U.S. gold futures rising 0.3% to $1,819.50
The price of gold varies across the country due to excise duty, state taxes, and making charges.