Page 3 - Gold

Guruvayur temple has over 260 kg of gold, nearly 20,000 gold lockets: RTI

The famed Guruvaur Sree Krishna Temple in this central Kerala district, which recently revealed details of bank deposits to the tune of over Rs 1,700 crore, has declared that it also has over 260 kg of gold in stock. In an RTI reply, the authorities of the temple said it has 263.637 kg of gold comprising precious stones and coins, and nearly 20,000 gold lockets. The management of the shrine had earlier refused to give details due to security reasons. The RTI document, which was provided after an appeal, showed that the temple owns 6,605 kg of silver, 19,981 gold lockets and 5,359 silver ones. The RTI, however, has not revealed the total value of gold and silver since the antiquity of some of them has not yet been established. In December last, the RTI revealed the bank deposits to be to the tune of Rs 1,737.04 crore and land of 271.05 acres the value of which was yet to be assessed. The centuries-old shrine, where Lord Vishnu is worshipped as Krishna, attracts thousands of people

Gold, silver prices rise in early trade; yellow metal selling at Rs 52,350

In Mumbai, Kolkata, and Hyderabad, 10 gram of 24-carat and 22-carat gold is selling at Rs 57,110 and Rs 52,350, respectively

Gold prices ease as dollar ticks up, but set for fifth weekly rise

The dollar rose 0.3% against its rivals, making gold more expensive for holders of other currencies

Gold worth Rs 2.01 crore seized at Mangaluru International Airport

Customs sleuths at the Mangaluru International Airport (MIA) have seized a total of 3,677 grams of smuggled gold worth Rs 2,01,69,800 between Jan 1 and 18 this year

Gems and jewellery exporters feel the heat of govt curbs on gold imports

Amid rising risks to external demand, the government is concerned about widening trade deficit, bringing the focus back on curbing non-essential imports

Gold prices reverse course to trade higher as US dollar loses ground

Despite the gains on Wednesday, prices have pulled back from their highest level since April 2022, reached on Monday

US interest rate-cut expectations have yellow metal shining bright

Mild recession, low inflationary pressures in the US and a stronger rupee would act as headwinds

Gold, silver prices rise; yellow metal selling at Rs 51,600 per 10 grams

In Mumbai, Kolkata, and Hyderabad, 10 gram of 24-carat and 22-carat gold was selling at Rs 51,600 and Rs 56,290, respectively

Gold at over eight-month high on slower US Fed rate-hike prospects

Data on Thursday showed that US consumer prices fell for the first time in more than 2-1/2 years in December

Gold scales 9-month high above key $1,900 level; highest since late April

Lower interest rates tend to be beneficial for bullion as they decrease the opportunity cost of holding the non-yielding asset

Indian gold prices hit record high, dampening demand, say dealers

Local gold futures rose to 56,245 rupees ($691.45) per 10 grams, surpassing the previous record of 56,191 rupees hit in August 2020

Gold prices steady as investors focus on Powell speech for rate guidance

Powell is scheduled to speak at a central bank conference in Stockholm at 1400 GMT, ahead of key US inflation data on Thursday

Gold hits eight-month peak as dollar slips on US Fed slowdown bets

Higher interest rates dim bullion's appeal as an inflation hedge and raise the opportunity cost of holding the non-yielding asset

Gold and silver prices fall; yellow metal selling at Rs 55,530 per 10 g

The price of 22-carat gold fell Rs 400 from yesterday's close to Rs 50,900, according to the GoodReturns website

Gold declines Rs 153 amid fall in precious metal prices globally

Gold price in the national capital declined Rs 153 to Rs 55,650 per 10 grams on Friday amid a fall in precious metal prices globally, according to HDFC Securities. The yellow metal had ended at Rs 55,803 per 10 grams in the previous trade. Silver also fell Rs 7 to Rs 68,700 per kilogram. "Gold price fall was extended after stronger than expected US job market data allowed US Fed to continue with higher interest rate," said an analyst at HDFC Securities. In the overseas market, gold was quoting lower at USD 1,839.6 per ounce while silver was flat at USD 23.46 per ounce. The US job market data pushed US dollar to a fresh one-month high. Rising interest rates and higher dollar index tend to weigh on yellow metals, the analyst added.

Gold declines Rs 153 amid fall in precious metal prices globally

Gold price in the national capital declined Rs 153 to Rs 55,650 per 10 grams on Friday amid a fall in precious metal prices globally, according to HDFC Securities. The yellow metal had ended at Rs 55,803 per 10 grams in the previous trade. Silver also fell Rs 7 to Rs 68,700 per kilogram. "Gold price fall was extended after stronger than expected US job market data allowed US Fed to continue with higher interest rate," said an analyst at HDFC Securities. In the overseas market, gold was quoting lower at USD 1,839.6 per ounce while silver was flat at USD 23.46 per ounce. The US job market data pushed US dollar to a fresh one-month high. Rising interest rates and higher dollar index tend to weigh on yellow metals, the analyst added.

Gold slips from near 7-month peak as caution sets in before US jobs data

Market focus now turns to the ADP National Employment Report due at 1315 GMT, followed by the U.S. Labor Department's nonfarm payrolls (NFP) data on Friday

Gold trading at Rs 55,750 per 10 grams, silver selling at Rs 72,000 per kg

The price of ten grams of 24-carat gold in Delhi, Chennai, and Bangalore is Rs 55,900, Rs 57,140, and Rs 55,800, respectively

Gold prices rise to mid-June highs as markets look to US Fed minutes

The market now awaits the 2 p.m. EST release of the minutes from the Fed's Dec. 13-14 policy meeting

Gold trading at Rs 55,200 per 10 grams, silver selling at Rs 71,300 per kg

The price of ten grams of 24 carat gold in Delhi, Bengaluru, and Chennai is Rs 55,350, Rs 55,250, and Rs 55,960, respectively