Page 2 - Gold

Taking global cues, gold prices climb Rs 480; silver up Rs 2,150

In the overseas markets, gold and silver were trading 0traded higher at $1,909 per ounce and $20.80 per ounce, respectively

Safe-haven gold accelerates to $1,900 level as traders assess SVB fallout

Gold raced towards the key $1,900 level on Monday as investors sought cover from the uncertainty triggered by the collapse of Silicon Valley Bank

Gold price rises by Rs 540 to Rs 56,070, silver price falls Rs 200

The price of ten grams of 22-carat gold declined Rs 500 to Rs 51,400

Gold prices up Rs 395 per 10 gm amid strong global trends, silver declines

Silver, on the other hand, declined by Rs 115 to Rs 62,095 per kilogram

Gold prices fall Rs 200, silver prices unchanged at Rs 67,000 per kg

The price of ten grams of 22-carat gold dipped Rs 200 from yesterday's close to Rs 51,650

Silicon, gold, copper, electric fields could help fight Covid-19: Study

The spike proteins of the SARS-CoV-2 virus become trapped when they come in contact with silicon, gold and copper, according to a study which also found that electric fields can be used to destroy these proteins, likely killing the virus. The spike protein is used by the SARS-CoV-2 virus to enter and infect the human cells. The study, published in the journal Chemical Science, found that the spike proteins of coronaviruses attached and became stuck to certain types of surfaces. "Coronaviruses have spike proteins on their periphery that allow them to penetrate host cells and cause infection and we have found these proteins becomes stuck to the surface of silicon, gold and copper through a reaction that forms a strong chemical bond," said study lead researcher Nadim Darwish, from Curtin University in Australia. "We believe these materials can be used to capture coronaviruses by being used in air filters, as a coating for benches, tables and walls or in the fabric of wipe cloths and f

Sale of gold jewellery hallmarked with 6-digit code starts from April 1

Sale of gold jewellery and gold artefacts hallmarked with only a six-digit alphanumeric HUID -- union identification number -- will be permitted from April 1, the government said on Saturday. This means the sale of old hallmarked jewellery with four logos without HUID (Hallmark Unique Identification) number will not be allowed after March 31. A decision in this regard was taken after due consultation with stakeholders on January 18 in a bid to safeguard the interest of consumers, the consumer affairs ministry said in a statement. Gold hallmarking is a purity certification of the precious metal. It was voluntary in nature til June 16, 2021. It may be noted that prior to the implementation of the six-digit HUID number, hallmarking of gold jewellery consisted of four marks -- BIS logo, purity of the article as well as the logo of the jeweller and Assaying and Hallmarking Centre. The six-digit HUID number was introduced from July 1, 2021. After the introduction of HUID, the hallmark

Gold price rises to Rs 56,290, silver price unchanged at Rs 66,800

The price of ten grams of 22-carat gold went up by Rs 150 to Rs 51,600

Gold price rises Rs 100 to Rs 56,120; silver price unchanged at Rs 66,800

The price of ten grams of 22-carat gold went up by Rs 100 to Rs 51,450

Gold prices fall Rs 150 to Rs 51,350, silver falls to Rs 67,800 per kg

The price of ten grams of 22 carat gold in Mumbai is at par with the price of gold in Kolkata and Hyderabad, at Rs 51,350

India's January gold imports plunge 76% to 32-month low on subdued demand

India did not slash the import duty on gold in its budget presented on Feb. 1 but raised the import duty on silver

'Gold will perform well if US Fed cuts interest rates and dollar weakens'

Gold prices edge down as traders strap in for US Fed policy decision

Gold tends to appreciate on expectations of lower interest rates, which reduce the opportunity cost of holding non-yielding bullion

Last year, central banks bought most gold since 1967: WGC

Buying dipped during the coronavirus pandemic but accelerated in the second half of 2022, with central banks purchasing 862 tonnes between Jul and Dec

Gold set for third monthly rise on softer dollar, US Fed slowdown bets

Markets are pricing in a 25-basis-points hike (bps) by the Fed, after slowing its pace to 50 bps in December, following four straight 75-bp hikes

More glitter: Multi-asset allocation funds burnish gold's safe-haven appeal

Worth its weight in Gold: Saw portfolio increase of 1-6 percentage points in November-December 2022

Gold prices subdued as US economic data backs Fed's interest rate stance

Investors are keeping a close eye on the central bank's two-day policy meeting next week, with a 25-basis-point rate increase widely expected

Gold prices march higher on slower US Fed interest rate hike bets

Spot gold rose 0.3% to $1,936.62 per ounce by 1137 GMT. U.S. gold futures gained 0.5% to $1,938.00

Gold prices tick lower; growth concerns start weighing on white metals

Zero-yield bullion tends to do well in a lower interest rate environment

Inflow in gold ETFs drops 90% in 2022; asset base, investors account grow

Inflow in gold exchange traded funds (ETFs) plunged by 90 per cent to Rs 459 crore in 2022 due to rising prices of yellow metal, increasing interest rate structure coupled with inflationary pressures. This was way lower than an inflow of Rs 4,814 crore seen in the segment during 2021 and Rs 6,657 crore in 2020, data with Association of Mutual Funds in India (Amfi) showed. However, the asset base of gold ETFs and investors' account or folio numbers increased in 2022 from the preceding year. "A rising price (of gold) probably puts some pressure on investors, with a lot of people holding back their investments while they wait for a correction. A rising interest rate structure coupled with inflationary pressures that the economy has been witnessing for most part of this year has also posed challenges," Kavitha Krishnan, Senior Analyst Manager Research, Morningstar India, said. On the domestic front, investors are preferring to invest in equities over other asset classes with the segmen