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Tags : "Bullion"

Gold heads for biggest monthly gain since Jan 2012 on

Gold rose on Friday and headed for its biggest monthly gain in 8-1/2 years as the impact of the worsening coronavirus pandemic on the U.S. economy hammered the dollar, prompting investors to seek refuge in bullion. Spot gold was up 0.8% at $1,975.30 an ounce by 0927 GMT, while U.S. gold futures rose 1.5% to […]Read More

Gold prices steady near $1,800 on virus fears, US-China spat

Gold steadied near the psychological level of $1,800 on Friday after a sharp fall in the previous session, as worries over surging coronavirus cases and US-China tensions underpinned its safe-haven appeal, although a stronger dollar capped gains. Spot gold was up 0.1 per cent at $1,799.18 per ounce by 0710 GMT. US gold futures were […]Read More

Gold could rally 10% from Wednesday record high of Rs

Gold of 995 purity (24 carat), which hit a record high of Rs 50,392.75 per 10 gm on Wednesday including taxes, could rally another 10% in the next six-nine months, said Shekhar Bhandari, global transaction banking head, Kotak Mahindra Bank. “Rising US-China trade tensions, negative real rates by central bankers and fallout from Covid would […]Read More

Gold gains Rs 239, silver rises by Rs 845

New Delhi: Gold prices rose by Rs 239 to Rs 49,058 per 10 gram in the national capital gained on Friday amid recovery in international prices of the precious metal, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 48,819 per 10 gram. Silver also rose by Rs 845 […]Read More

Gold prices hold near 1-month peak on second wave fears

Gold prices on Tuesday held firm near a more than one-month peak scaled in the last session, as a rise in coronavirus infections fuelled concerns of a second wave. Spot gold was up 0.1 per cent at $1,756.40 per ounce by 0954 GMT. On Monday, bullion hit $1,762.84, its highest since May 18. US gold […]Read More

Gold prices near 1-month peak as rising virus cases bolsters

Gold prices held firm on Monday, having scaled a more than one-month peak, as a resurgence of coronavirus infections in many countries raised concerns over a swift global economic recovery. Spot gold rose 0.3 per cent to $1,747.59 per ounce by 1003 GMT. Prices were some $17 shy of a 7-1/2 year high of $1,764.55, […]Read More

Gold rises by Rs 18, silver up by Rs 380

New Delhi: Gold prices rose marginally by Rs 18 to Rs 48,220 per 10 gram in the national capital on Wednesday, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 48,202 per 10 gram. “Spot gold for 24 carat gold in Delhi was trading marginally up by Rs 18 […]Read More

Gold rises Rs 761; silver jumps Rs 1,308

New Delhi: Gold in the national capital rose by Rs 761 to Rs 48,414 per 10 gram on Tuesday in-tandem with spike in international prices of the precious metal and rupee depreciation, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 47,653 per 10 gram. The rupee dropped by […]Read More

Gold prices gain after biggest daily decline in a month

Gold prices ticked up on Thursday, after a rally in equity markets in the previous session on tentative signs of economic recovery as mandated shutdowns ease sparked the biggest daily fall in the metal since April 30. Spot gold rose 0.2 per cent to $1,701.02 per ounce by 0715 GMT after a 1.7 per cent […]Read More

Gold prices slide on hopes of recovery in economic growth

Gold fell on Thursday on hopes of a swift recovery in growth following easing of lockdowns and possibility of a coronavirus vaccine, but bleak data from major economies limited losses. Spot gold slid 0.7 per cent to $1,737.09 per ounce by 0744 GMT. US gold futures slipped 0.8 per cent to $1,738.40. Global equities surged […]Read More