Daily News
Gold Rate Today: Gold Falls on Weak Demand
NEW DELHI: Gold prices took a beating in futures trade in Friday’s session due to a slump in demand by jewellers at the spot market amid weak trends in overseas markets.
In the global markets, gold was on track for its first weekly decline in four weeks after posting its steepest fall in more than seven months in the previous session on a strong dollar which looked set to post its strongest gain in three weeks as investors responded positively to a bounce in US Treasury yields and as some of its rivals were hit by dovish signals from their own central banks, Reuters reported.
Gold Rate Today
A strong dollar means gold price will depreciate as the commodity becomes dearer in other currencies, causing a fall in its demand.
Silver traded in the narrow range on muted demand by industrial units and coin makers. The MCX Gold was trading at Rs 31,510 per 10 grams, down by Rs 97, while MCX Silver was trading Rs 16 higher at Rs 37,333 a kilo around 10:40 am.
Courtesy: Economic Times
De Beers opens flagship store at Dubai Mall, offering its signature fine and high jewellery lines
Farah Khan Atelier retails new jewellery line inspired by Arabian desert landscape through Hanif Jewellers
CaratLane rolls out 360° campaign around new offerings ‘Sol’ and ‘Luna’ ahead of Akshaya Tritiya
Glow by Kirtilals expands retail footprint with two new showrooms in Hyderabad and Tirupur
#LoveFromDad: De Beers unveils second ear-piercing drive to spur natural diamond demand among young consumers
US tariff storm hits India’s gem & jewellery industry; faces major disruption threat, 1 million jobs at risk
Titan brings together Tanishq, Titan Watches and Titan Eye+ at first multi-brand store in the UAE
Saashri Jewellers ropes in actor Samantha Ruth Prabhu for grand opening of new store in Sydney
Daily News4 weeks ago#LoveFromDad: De Beers unveils second ear-piercing drive to spur natural diamond demand among young consumers
- Exclusive3 weeks ago
US tariff storm hits India’s gem & jewellery industry; faces major disruption threat, 1 million jobs at risk
- Wide Angle2 weeks ago
Titan brings together Tanishq, Titan Watches and Titan Eye+ at first multi-brand store in the UAE
- Wide Angle1 month ago
Saashri Jewellers ropes in actor Samantha Ruth Prabhu for grand opening of new store in Sydney
