In New Delhi, prices of 22-carat gold plunged sharply to Rs 51,250 from Rs 51,700 per 10 gram in the previous trade while price of 24-carat was at Rs 54,870 Gold prices continued its decline for the sixth day falling to
With contracting global output, global economies in a deeper recession than anticipated, and dearth of good returns in many other asset classes, gold has emerged as a safe bet for investors across the globe. With contracting global output, global economies
A strong global demand for gold, along with a depreciating rupee, helped the yellow metal to breach the Rs 50,000-per-10gm mark in Mumbai’s retail market on Wednesday. This is the first time the price of the precious metal, with which Indians associate
Gold prices in India fell after rising near record highs in early session. On MCX, August gold futures were down ₹50 to ₹48,250 per 10 gram after rising to ₹48,462 at day’s high. Silver futures on MCX were flat at ₹49,245 per kg. Last
There is no denying that there are many potential geopolitical and economic risks, which, if they play out, bode well for gold Gold prices surged to an eight-year high of $1,768.41 per ounce (oz) last week. This coincides with the
Gold rates today: On MCX, prices hit a new high of ₹48,289 per 10 gram. A woman walks past a poster outside a jewellery shop in Kolkata. Gold prices in India today extended gains, hitting a new high amid a global
Gold prices in India were lower today as trading resumed in the evening session on the MCX, which was closed in the morning session due to a public holiday. On MCX, June gold futures were down 0.4% to ₹46,887 per 10
Mumbai: Christopher Wood, global head of equity strategy at Jefferies, believes that there is a growing risk of liquidation of gold in India caused by the collapse in economic growth because of the lockdown. “…in India there is probably a
India Ratings and Research (Ind-Ra) on Monday said it expects Jewellery sales to decline by 25 per cent in 2020-21 (April-March) on account of over 40 days of lockdown following COVID-19 pandemic and overall reduction in disposable income. Jewellery demand, which
Gold has been a store of value for thousands of years since the start of human race. It was then a medium of exchange in barter deals and today it is gold banking by central banks. Thus, it has remained
