Page 67 - Gold Prices
Gold falls by Rs 190 over global cues, weak demand as 'shradh' kicks off
Silver also slipped below the Rs 42,000-mark by falling Rs 100 to Rs 41,900 per kg
 "Gold falls by Rs 190 over global cues, weak demand as 'shradh' kicks off")
Gold halts 3-day rise, sheds Rs 50 to Rs 30,550 per 10 grams on weak demand
Silver recaptured the Rs 42,000-mark due to increased offtake
 "Gold halts 3-day rise, sheds Rs 50 to Rs 30,550 per 10 grams on weak demand")
Gold jumps to 10-month high after North Korea nuclear test
US gold futures for December delivery were up 0.6 percent at $1,338.60
Gold up 3% in 2 days on global factors, Centre's ban on import from S Korea
Gold price hasseen a sharp Rs.1000 odd rally in just three days following sharp rise inprices globally on geo-polical tensions rising and safe haven demand for goldresumed. In India another factor was fuelling gold price. Huge discount ofRs.450 per 10 gram seen in last week has shrunk to Rs.150-200 yesterdayfollowing government banning zero duty import of gold from South Korea. Today goldprice in Mumbai for standard gold closed Rs.29765 per 10 gram, up 3 per centfrom Thursday close of Rs.28910 before quoting above Rs.29900. internationalprices are trading at $1322 per ounce today. Indian prices have also seediscount shrinking after government banned zero duty imports last week. A traderin Mumbai spot market said, "today was a thin trading day amidts dull demanddue to heavy rains and discount is still quoted as Korean supplies arrived tilllast week is yet to get exhausted."Market is expectedto turn to parity in coming few days. Shekhar Bhandari, Shekhar Bhandari,executive ...
Gold hits more than nine-month high after North Korea missile test
Spot gold was up 0.9% at $1,321.04 an ounce
Gold plunges to nearly 3-week low of Rs 29,100 amid slump in demand
Silver also eased by Rs 100 to Rs 38,700 per kg backed by reduced offtake by industrial units
Gold heading towards no man's land
On the MCX, till last Thursday, open positions in gold were the lowest after November last year
 "Gold heading towards no man's land")
Gold prices dip below Rs 30,000 on weak global cues
Silver declined by Rs 100 to Rs 41,600 per kg on reduced offtake by industrial units
 "Gold prices dip below Rs 30,000 on weak global cues")
Rising rupee an opportunity for gold buyers: WGC
The appreciating Rupee has opened up an opportunity for the gold buyers in the country, as the increase in global prices of gold is cushioned by almost six percentage point, said Somasundaram P R, managing director of World Gold Council's (WGC) Indian operations.The global gold prices has increased around 12 per cent in dollar terms since the January but Rupee has appreciated almost 6 per cent during the period and therefore gold price in Indian market has not risen sharply or the rise has been capped because cheaper rupee has made import cheaper. "That is a great attraction for people to buy gold", he said. However, with the predictions by some of the economists that the Rupee is going to further appreciate, the people may get gold cheaper if international price remains at current levels. "This is a fantastic opportunity, which is like Indian gold is available at a discount of six per cent. But may be the discount will further go up if Rupee appreciates. People are definitely keen ...
 "Rising rupee an opportunity for gold buyers: WGC")
High gold prices keep demand in check, jewellers stock up for festival
Gold demand in India, the world's second-largest consumer of the metal, improved this week
 "High gold prices keep demand in check, jewellers stock up for festival")
Gold loses Rs 250 on US rate hike chances, at 2-month low
Silver fell by Rs 500 to Rs 40,300 per kg
 "Gold loses Rs 250 on US rate hike chances, at 2-month low")
Gold steadies on prospect of imminent US rate rises
Elections in Europe also created uncertainty and fuelled investor buying
Gold prices recover by Rs 225, silver tops Rs 43,000
Traders attributed the recovery in gold prices to a firm trend overseas
 "Gold prices recover by Rs 225, silver tops Rs 43,000")
Gold surges to top Rs 29,000-level, silver regains Rs 42,000 mark
Surge was on the back of increased buying by jewellers to meet the ongoing wedding season demand
 "Gold surges to top Rs 29,000-level, silver regains Rs 42,000 mark")
Gold prices extend gains for 2nd day, silver declines
Gold prices firmed up in the global market in view of fall of dollars in overseas market
 "Gold prices extend gains for 2nd day, silver declines")
Gold at 3-year high on black money crackdown, global cues
Zooms Rs 900 to hit three-year high of Rs 31,750 per ten gram
 "Gold at 3-year high on black money crackdown, global cues")
Gold price drops below Rs 31,000 over weak global cues
Gold prices fell by Rs 300 per ten grams and silver by Rs 450 per kg at the bullion market
Gold edges higher on US election nerves
US gold futures settled down 0.4 per cent at $1,303.30 per ounce
Gold prices hit 1-month high on robust demand
Following a sharp increase in festive demand, the earlier discount of $15-20 to the imported gold price has evaporated
 "Gold prices hit 1-month high on robust demand")
Gold pressured by US Fed rate hike prospects
US Q3 growth figures and US Fed policymakers speeches due this week will be closely watched by the market
 "Gold pressured by US Fed rate hike prospects")
