Page 61 - Gold Prices

IGPC wants banks to be allowed to buy gold, become bullion bankers

The move will enable them to source locally, finance bullion and refining business, apart from allowing them to hedge positions on exchanges and create gold-backed products

Gold soars to 6-year-high to $1,450 on US Fed rate cut hint, Iran tensions

The metal has gained nearly 2% so far this week, on track for a second consecutive weekly gain

Gold prices fall Rs 100 on profit-booking and subdued global trend

Tracking gold, silver also fell by Rs 25 to Rs 39,175 per kg on reduced offtake by industrial units and coin makers

Gold hits over 7-month peak as Huawei case sparks risk-off sentiment

Spot gold rose to its highest since June 14, 2018 at $1,306.43.

Budget 2019: Gold jumps 2.4% in Mumbai after customs hike on bullion

Market players deplore move, saying it will impede efforts to make gold an asset class, and dilute efforts to curb cash deals

Gold soars by Rs 600 in Mumbai's Zaveri Bazar, silver shows modest uptrend

Strong rupee takes some shine off rally in yellow metal; jewellery buyers defer fresh purchases on hopes of a correction in prices from current high levels

Gold's not glittering: Can retailers attract young buyers with a new story?

In the last five years, India's demand for gold jewellery has remained around 600 tons while investment demand has shrunk

Gold slides over 1% as Fed dashes imminent rate-cut hopes

Gold prices hit their highest level since May 14, 2013 at $1,438.63 in the previous session

Gold crosses $1400 driven by Fed Reserve stimulus hope, US-Iran tension

Spot gold was up 0.6% at $1,406.83 per ounce as of 0959 GMT, heading for a fifth straight session of gains

Gold price hits lifetime high on global cues: All you need to know

Standard gold jumped 1 per cent to hit a lifetime high of Rs 33,895 per 10 grams in the physical market at Zaveri Bazaar (Mumbai) on Friday

Chinese man arrested for smuggling in gold at Delhi airport

A Chinese man has been arrested by Customs sleuths for allegedly smuggling in gold worth Rs 27 lakh at the Delhi airport, officials said Monday. The accused was intercepted upon his arrival from Dubai on Friday, they said. A personal and baggage search of the passenger resulted in the recovery of four transparent poly pouches containing gold weighing 847 grams in a chemical paste form, a statement issued by the Customs department said. The gold, valued at Rs 27.16 lakh, was seized and the passenger arrested, it said. This is the first instance of a foreign national being arrested for smuggling in gold in paste form, a Customs official said. Based on further enquiry of the Chinese national, an Indian citizen, said to be his handler, was arrested from outside the airport, the official said.

Gold price jumps 2.21% on US Federal Reserve's interest rate cut signal

Yellow metal likely to hit Rs 35,000/10 gm; energy, base metals also firm up

Should you buy gold at the current levels? Here's what experts suggest

Gold is in oversold territory in short-term, as it has crashed from Rs 32,538 to Rs 31,300 in six trading sessions

Gold declines by Rs 160, silver by Rs 625 as demand from jewellers slumps

Declined global trends have resulted in the price fall; sovereign gold however remained steady

Subdued gold prices trigger brisk jewellery sales on Akshaya Tritiya

Jewellers etch symbols of political parties on coins and jewellery, offer 25% off on making charges to attract customers in ongoing election season

Consumer preference shifts to low-end gold jewellery on Akshaya Tritiya

Consumers are placing advance order for gold to take delivery of gold jewellery on Akshaya Tritiya to gain from fall in international gold prices

Gold holds on after weak Europe data kindles concerns over global growth

Gold is up slightly on short-covering for the weekend and on weak manufacturing news from the euro zone

Despite bullish trends, Metal Focus report sees limited gold upsides

Trade tensions will hamper global growth and also weigh on emerging market currencies; with dollar's strength remaining a theme for much of 2019, gold's upsides will be capped, say the report

Gold cheaper by Rs 2K over past 5 weeks due to low demand, cash crunch

In Mumbai, the prices fell 6.2 per cent, or by Rs 2,085 per 10 gram, from the all-time high - seen on February 20

Bull-run in gold coming; watch out for $1,400/oz level: CLSA's Chris Wood

Flows into gold ETFs (exchange-traded funds) have also started to gather steam