6th gold bond tranche at discount, less interest
The sixth tranche of the sovereign gold bond scheme will open from Monday, at yearly interest of 2.5 per cent, less than the 2.75 per cent of previous tranches. However,…
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Jewellers See Festive Demand Rising 10-20% this Year
Jewellers are offering discounts of up to 50% on making charges to attract consumers in the ongoing festive season in the hope that the surge in rural demand will more…
Gold steady on weaker dollar, firmer stocks cap gains
Gold prices held steady on Tuesday as the U.S. dollar weakened, while rebounding equities capped gains. FUNDAMENTALS * Spot gold was mostly flat at $1,256 an ounce by 0100 GMT.…
Gold, silver extend losses on weak global cues, low demand.
New Delhi: Gold continued to slide for the second straight day on Saturday as prices fell by Rs.50 to Rs.30,250 per 10 grams at the bullion market, tracking a weak…
Jewellery sales up 25-30% on sharp fall in gold prices
There has been a dramatic change in the sentiment in thejewellery market in the last few days with jewellers witnessing a 25-30 per cent increase in sales on a sharp…
Gold discount shrinks to 5-month low
Gold demand seems to be picking up as prices have started moderating. This is reflected in the falling discount to the cost of import, now at a five-month low of…
Gold sinks to new 3-1/2-month low on mounting Fed rate hike bets.
Gold prices extended overnight losses to touch the lowest level in almost four months during North America’s session on Thursday, amid growing expectations for a December rate hike by the…
Gold hits lowest in 3 months
Standard gold declined by 2.5 per cent to hit the lowest level in a little over three months at Zaveri Bazaar here on Wednesday, on global cues. That prompted physical…
Gold / Silver futures – weekly outlook: October 3 – 7
Gold prices erased early gains to end lower on Friday as concerns over the prospect of a U.S. rate hike before the year’s end overshadowed concerns over the health of…
Gold / Silver futures – Weekly Outlook: September 26 – 30
Gold prices edged lower on Friday, but notched the strongest weekly advance in almost two months after the Federal Reserve held off on raising interest rates and scaled back the…
Gold bond issue date shifted to Sep 30.
The amount realised through the fifth tranche of the SGB scheme is expected to cross Rs 820 cr With over 200,000 applications for the Sovereign GoldBond (SGB), the Reserve Bank…
MCX gold at crucial base zone
Last week, the gold futures contract traded on the Multi Commodity Exchange (MCX) fell 1.3 per cent, decisively breaching its 21- and 50-day moving averages and closed at `30,813 per 10…