Using the central bank's gold to raise resources is no substitute for bolstering the sovereign's credibility with investors
In New Delhi, prices of 22-carat gold slumped Rs 3,200 to Rs 50,250 per 10 gram while prices of 24-carat also dropped to Rs 54,500
For all its fake advantages, the metal has one genuinely useful property - its unrivalled ability to move in the opposite direction to equities and bond yields
It had dropped as much as 5.7% (intra-day) on Tuesday, the biggest one-day loss in seven years and finally settled at $1,863.15 an ounce
In New Delhi, prices of 22-carat gold slumped Rs 650 to Rs 53,450 per 10 gram while prices of 24-carat also dropped to Rs 54,750
Uptick in gold, silver prices help recovery in commodity volumes
In the international market, gold was trading lower at $1,989 per ounce and silver also witnessed selling and was quoting down at $27.90 per ounce
Spot gold was down 0.5% to $2,017.98 per ounce by 0234 GMT, moving further away from a record high of $2,072.50 hit last week
For gold to keep rallying, expectations of inflation will have to keep rising
Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges
Those in dire financial straits may find it difficult to pay the margin demanded by lenders
In the previous trade, gold had closed at Rs 57,002 per 10 grams. On Friday, the price increased by Rs 6 to Rs 57,008 per 10 grams
In New Delhi, the price of 22-carat gold rose to Rs 54,150 per 10 gram, and in Chennai to Rs 53,510
In New Delhi, the price of 22-carat gold rose to Rs 52,450 per 10 gram, and in Chennai to Rs 53,010
Bullion is up almost 35 per cent this year, with its haven status enhanced by sliding US real yields
Prices hit a record $1,980.57 on Tuesday and are up over 10% so far this month, their biggest monthly percentage gain since Feb. 2016
Smuggled gold weighing 3.11 kg and valued at Rs 1.66 crore was seized at the international airport here from 11 passengers, Customs officials said on Friday.
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In New Delhi, the price of 22-carat gold rose to Rs 51,800 per 10 gram, and in Chennai to Rs 51,030
World Gold Council data shows demand dropped to 63.7 tonnes in the April-June quarter this year. Back in 2009, demand had plunged to as low as 40 tonnes following Lehmann crisis