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Tags : "Gold prices"

Traders in Mumbai’s Zaveri Bazaar stop selling jewellery against credit

Traders at Mumbai’s Zaveri Bazaar, reeling under sales depleted by the Covid-19 pandemic and rising gold prices, have stopped selling jewellery against credit to the retail jewellers. They are insisting that retailers pay upfront for their jewellery taken during the pre-Covid period or return them if they fail to pay. Retailers have already returned a […]Read More

Gold prices today rise on safe-haven demand

Gold and silver prices advanced on Monday as concerns over rise in fresh Covid-19 cases drove investors towards the safe-haven metal. MCX Gold futures were up 0.24 per cent at Rs 48,305 per 10 gram in the early trade, while MCX Silver futures traded 0.52 per cent higher at RS 49,494 per 1 kg. Relentless […]Read More

Gold prices today gain, following firm global trend

NEW DELHI: Gold prices gained on Thursday following the trend in global markets amid lingering tensions between the US and China and riots in the States. The number of Covid-19 patients also climbed swiftly in India. Total number of Covid patients in India reached 2.07 lakh while fatalities climbed to 5,800. Nomura said a collapse […]Read More

Gold prices rise as Hong Kong dispute riles China-US ties

Gold prices on Thursday recovered after touching a two-week low the previous session, as the rift between Washington and Beijing over Hong Kong escalated, with prices also supported by central bank and government largesse to cushion the blow from the pandemic. Spot gold was up 0.6 per cent at $1,718.67 per ounce, as of 0748 […]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

Hedge fund luminaries are lining up behind gold again

By Jack Farchy, Nishant Kumar and Ranjeetha Pakiam Forget plunging oil prices and a collapse in consumer spending. Some of the world’s most-prominent investors are raising alarm bells over the looming threat of inflation, and turning to gold for protection. Money printing by central banks and vast state stimulus packages are rekindling interest in one […]Read More

Gold hits over three-week high as Sino-US tensions heat up

Gold hit its highest in more than three weeks on Friday as Sino-US relations took a turn for the worse and investors fretted that the economy would take longer than expected to recover from a coronavirus-induced slump. Spot gold gained 0.4 per cent to $1,735.67 per ounce by 0616 GMT, having earlier touched its highest […]Read More

Gold prices gain as grim data stirs doubts about economic

Gold rose on Thursday as bleak economic data raised doubts about a recovery in the coronavirus-hit global economy even though some countries started easing lockdown measures. Spot gold gained 0.2 per cent to $1,688.55 per ounce by 0739 GMT. US gold futures rose 0.2 per cent to $1,691.60 per ounce. “There is a lot of […]Read More

Global gold ETFs post record quarterly asset growth in Q1

MUMBAI: Global gold-backed ETFs (gold ETFs) and related merchandise added 298 tonnes, or internet asset growth of $23 billion, throughout all areas in the primary quarter of 2020 – the best quarterly quantity ever in absolute US greenback phrases and the most important tonnage additions since 2016, business physique World Gold Council (WGC) stated . […]Read More

World’s top gold market freezes as Chinese shoppers stay away

By Annie Lee and Jinshan Hong The coronavirus pandemic has frozen the Chinese gold market, torpedoing demand at a time when traders elsewhere on the earth are clamoring for the protection of bullion. China is the largest purchaser of gold bars, cash and jewellery, however the nationwide shutdown to comprise the virus has emptied malls, […]Read More