The strong performance does not mean that the bull run in the yellow metal has run its course
Silver prices also jumped Rs 296 to Rs 47,584 per kg from Rs 47,288 per kg on Monday
"Spot gold of 24 karat in Delhi was trading up by Rs 75 with rupee depreciation," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
IGPC announced the survey on Friday as part of its third annual conference
As Indian gold prices jumped 25% in 2019, hitting a record high, consumption fell 9% from the previous year to 690.4 tonnes, the lowest since 2016, the WGC said
Commodities Outlook & Stock recommendation by Bhavik Patel - Sr. Technical Analyst
In comparison to other asset classes, globally, gold rallied significantly after many years to deliver 18.4 per cent returns in 2019
China has pledged to buy almost $80 billion of additional manufactured goods from the United States
Gross export of gems and jewellery declined by 5.3% to $27.7 bn for the first nine months of this FY
Globally, gold prices rose 1.67% to $ 1,578.40 per ounce in New York
The decline in gold imports has helped in narrowing the country's trade deficit to $106.84 billion during the eight-month period
While standard gold price closed at Rs 39,083/10 g, silver ended the day at Rs 46,665/kg
Data from the World Gold Council shows that 14 central banks, including the RBI, have reportedly added more than one tonne to their reserve.
Commodities Outlook & Stock recommendation by Bhavik Patel - Sr. Technical Analyst
A healthy loan growth and asset quality should help protect return on assets, but these may be priced in
India's jewellery demand has remained subdued this year because of the sharp increase in gold prices
Spot gold -- which last traded at about $1,461 an ounce -- is up 14 per cent this year
The decline in gold prices also pushed investors to reduce holdings in ETFs
Commodity outlook and stock recommendation by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls Securities
Jewellers to be given a year's time to clear stocks that aren't hallmarked and get themselves registered