Factors That Affect the Gold and Silver Rate in India
Predominantly, prices of gold and silver, like any other commodity, fluctuate due to demand and supply. India stands strong as one of the highest consumers of gold and silver, globally…
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Indian premiums ease on tepid demand, but Chinese buying robust
Gold premiums in India fell this week as a quick rebound in prices prompted consumers to postpone purchases, but buying interest in China remained strong ahead of the spring festival…
World’s highest-cost gold miners surge on rand’s meltdown
South African gold miners, the world’s highest-cost major producers, surged in Johannesburg trading after President Jacob Zuma fired his finance minister, sending the rand to a record low against the…
Jewellery companies fail to shine on bourses despite falling gold prices
Even as gold prices have fallen 22 per cent from their all-time high levels touched in mid-2013 and have remained low for a prolonged time — down 4.4 per cent…
Gold sheds 0.17% in futures trade on weak global cues
Gold prices fell by Rs 43 to Rs 25,799 per 10 grams in futures trade today as participants trimmed their positions, largely in tune with a weak trend overseas amid…
Gold futures weaken 0.1% on global cues
Gold prices fell by Rs 21% to Rs 25,027 per 10 grams in futures trade today as participants trimmed positions, tracking a weak trend overseas. At the Multi Commodity Exchange,…
Gold imports 528 tons worth Rs 1.12 lakh crore in April-September
India imported over 528 tons of gold, worth Rs 1.12 lakh crore, between April-September this year, Minister of State for Finance Jayant Sinha has said. In a written reply to…
Silver futures climb ` 161 on global cues
Silver prices surged ` 161 at ` 34,366 per kg in futures trade today as speculators widened positions amid a firming trend overseas. At the Multi Commodity Exchange, silver for…
LAWRIE WILLIAMS: Asian gold demand soars in 2015 yet price still falls
Let’s face it, the gold price seems to bear little correlation to global physical metal demand. In the face of reducing supply (low gold prices keep scrap sales depressed, new…
RBI MAY REMOVE A LAYER TO MAKE IT SIMPLER
RBI MAY REMOVE A LAYER TO MAKE IT SIMPLER – Central Bank may Make it Easier to Monetise Gold The Reserve Bank of India may make the gold monetisation scheme simpler…
Silver up by 0.5% on overseas cues
Taking positive cues from overseas markets, silver prices were up by 0.48% to Rs 33,977 per kg in futures trade today. At the Multi Commodity Exchange, silver for delivery in…
Gold climbs off five-year low as dollar pulls back
Gold prices revived on Thursday from their lowest in more than five years the previous session as the dollar fell back, releasing its stranglehold on commodities and making gold more…