In New Delhi, the price of 22-carat gold remained at Rs 49,650 per 10 g, and in Chennai, it jumped to Rs 48,850
Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges
In New Delhi, the price of 22-carat gold remained at Rs 49,600 per 10 gram, and in Chennai it jumped to Rs 48,860
Silver also declined Rs 738 to Rs 68,371 per kg from Rs 69,109 per kg in the previous trade
Spot gold was up 0.3% at $1,935.84 per ounce by 0304 GMT, after falling to a near one-week low on Thursday. Bullion prices have declined 1.5% so far this week
In New Delhi, the price of 22-carat gold jumped to Rs 49,600 per 10 gram, and in Chennai to Rs 48,770
The move is seen as a game changer for India's bullion industry, and is expected to put India in a position to set its own price of gold
Gold prices in the national capital declined Rs 614 to Rs 52,314 per 10 gram on Wednesday tracking weakness in the international market, according to HDFC Securities. In the previous trade, gold had closed at Rs 52,928 per 10 gram. Silver also tanked Rs 1,799 to Rs 71,202 per kg from its previous close of Rs 73,001 per kg. "Spot gold prices for 24 karat in Delhi were down Rs 614 with a decline in international prices," HDFC Securities Senior Analyst (Commodities) Tapan Patel said. In the international market, gold was quoting down at USD 1,963 per ounce and silver at USD 27.87 an ounce. "Gold prices pared previous gains as investors switched to riskier assets after the US and China showed recovery in manufacturing activities," he added. Reliance Securities Senior Research Analyst Sriram Iyer said, "Domestic prices witnessed a correction in Wednesday afternoon trade tracking the overseas prices.
Gold prices edged higher on Wednesday as the dollar weakened, although upbeat US manufacturing data lifted hopes about global economic recovery and curbed demand for the safe-haven metal
The company expects the coronavirus pandemic to provide it a competitive edge over its competitors in the unorganised sector in the long run
In New Delhi, the price of 22-carat gold jumped to Rs 50,400 per 10 gram, and in Chennai to Rs 49,720
Gold price rose by Rs 418 to Rs 52,963 per 10 grams in the national capital on Tuesday following a rally in the yellow metal in the international market, according to HDFC Securities.
In New Delhi, the price of 22-carat gold jumped to Rs 50,010 per 10 gram, and in Chennai to Rs 49,130
Gold prices rose on Monday to their highest level in nearly two weeks, as US Federal Reserve's new policy framework suggested that interest rates would remain low for some time
In New Delhi, the price of 22-carat gold jumped to Rs 50,000 per 10 gram, and in Chennai to Rs 49,120
In New Delhi, the price of 22-carat gold jumped to Rs 49,900 per 10 gram, and in Chennai to Rs 49,240
Spot gold advanced 0.6 per cent to $1,941 an ounce at 12:28 p.m. in Singapore. On Thursday, prices slumped as much as 2.3 per cent after rising 1.1 per cent
In New Delhi, the price of 22-carat gold jumped to Rs 50,600 per 10 gram, and in Chennai to Rs 49,750
Gold prices were mostly unchanged after rising more than 1% in the previous session on weaker US dollar, as investors awaited a speech from Federal Reserve Chairman Jerome Powell due later in the day
In New Delhi, the price of 22-carat gold fell to Rs 49,850 per 10 gram, and in Chennai to Rs 49,190