Silver also declined Rs 738 to Rs 68,371 per kg from Rs 69,109 per kg in the previous trade
In New Delhi, the price of 22-carat gold jumped to Rs 49,600 per 10 gram, and in Chennai to Rs 48,770
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.
In New Delhi, the price of 22-carat gold jumped to Rs 50,400 per 10 gram, and in Chennai to Rs 49,720
In New Delhi, the price of 22-carat gold jumped to Rs 50,010 per 10 gram, and in Chennai to Rs 49,130
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
In New Delhi, the price of 22-carat gold fell to Rs 49,850 per 10 gram, and in Chennai to Rs 49,190
In New Delhi, the price of 22-carat gold fell to Rs 50,700 per 10 gram, and in Chennai to Rs 50,030
In New Delhi, the price of 22-carat gold rose to Rs 51,010 per 10 gram, and in Chennai to Rs 50,490
In New Delhi, the price of 22-carat gold rose to Rs 51,300 per 10 gram, and in Chennai to Rs 50,840
Spot gold was up 0.3% at $1,947.83 per ounce by 0503 GMT. Gold is up 0.2% so far this week, having shed 4.5% in the week to Aug. 14, its worst in five months
The yellow metal had closed at Rs 54,311 per 10 grams in the previous trade
In New Delhi, the price of 22-carat gold rose to Rs 51,150 per 10 gram, and in Chennai to Rs 50,700
In New Delhi, the price of 22-carat gold rose to Rs 51,160 per 10 gram, and in Chennai to Rs 51,010
In New Delhi, the price of 22-carat gold rose to Rs 51,160 per 10 gram, and in Chennai to Rs 51,110
New investors should also minimise entry cost by purchasing on corrections
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