Gold is Real Money, and when Gold and Gold stocks fail to live up to Bullish expectations, investor disappointment runs very highOver the past 10 yrs or so as an investment in Gold bullion performed 30% better than the largest Gold miners in the industry. Historically, companies that mine and produce Gold rise as the price of Gold rises.But, beginning in Y 2002, the Gold price has risen 446%, but the...
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Gold prices on Saturday jumped sharply up to Rs 1,095 per 10 gram crossing the Rs 30,000 per 10 gram level, its all-time high, on account of rise in global prices of precious metal and weakening rupee.The maximum jump in prices was seen in Chennai, where gold became costlier by Rs 1,095 at Rs 30,380 per 10 gram, followed by Delhi with a again of Rs 960 to Rs 30,300.In Mumbai and Kolkata too, gold prices...
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The gold price bubble seems to have burst, finally. Prices have declined more than four per cent in the international market since yesterday evening. In India, gold and silver prices fell 3.5 per cent today. And, most analysts say the downtrend would continue.In Mumbai's Zaveri Bazar, gold is trading at a 13-month low, while silver is at a 16-month low. Today, gold lost Rs 1,010 to close at Rs 27,880...
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etc.Prices of gold (99.5 purity) in Kolkata increased by Rs 620 to Rs 32,425, while rates in Chennai rose by Rs 710 to Rs 32,325 per ten grams. In Mumbai, the precious metal's rates surged by Rs 605 to Rs 31,955 today."The domestic gold prices are rising purely due to global development. After the announcement of potentially unlimited bond-buying by the(ECB) and unfavourable non-farm pay roll data...
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Petrol price was increased today by Rs 7.50 a litre with effect from midnight tonight. Join TOI's live blog for latest reactions from political parties and people on the fuel price hike."Are the fuel pumps pouring petrol or gold?" This was among the many angry reactions from Delhiites to the government's announcement to hike petrol prices.CPM-led Left Democratic Front in Kerala today gave a call for...
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India, gold price, gold base price, gold import duty, finance ministryIndia has raised the base import price of gold by 5.7 percent to $556 per 10 grams and that of silver by 12 percent to $1067 a kilogram.The Central Board of Excise and Customs issued a notification to this effect on Tuesday, the finance ministry said in a statement today.The base price is the rate at which imports are taxed, irr...
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Gold futures eased from their high levels on profit taking. Gold prices rallied earlier today on strong physical, investment demand amid weak green back. According to the quarterly investment journal “Gold Investor” released today by World Gold Council, recent price moves driven by short term trading have dominated the headlines, but the long-term drivers of gold; including emerging-markets growth,...
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IDBI Mutual Fund today launched an open-ended exchange traded gold fund (gold ETF).The new fund offer (NFO) opened for subscription today and will close on November 2. The minimum application amount will be Rs 10,000 and in multiples of Re 1 thereafter.The fund will invest in physical gold and track gold prices. The benchmark for the fund would be domestic price of gold, the fund house said."We see...
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per 10 grams in the futures trade today as speculators offloaded their positions. Sentiment turned bearish afterhas made a few bullish calls on gold lately. He wrote in a recent note to clients that gold could hit $. The gold price traded as high as $1,778.90 and as low as $1,769.50 an ounce, while the spot price was up $1.20, according to Kitco's gold index. See if ((Kitco news) - Comex gold prices...
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settings.Local gold stocks are taking a big hit today after the price for the precious metal fell into bear market territory in offshore trade on Friday, sinking to its lowest level since August last year.The plunge in the gold price has pushed the ASX's gold stocks sub-index down more than 10 per cent in midday trade.And there was no relief in sight for the gold miners as the gold price resumed its...
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