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Gold prices to fall further on rupee gains

old prices are set to drop further in the domestic market, owing to the rupee’s appreciation.Last week, the Reserve Bank of India (RBI) had eased import norms for gold; it is expected the move will continue to have a bearing on prices. RBI also allowed some trading houses to import gold; it is expected this will increase the availability of gold in the domestic market.RBI’s moves led to gold prices...
Source : Rediff |
Category : Business

Gold prices fall sharply

Gold prices in the international market have dropped with concerns over the US debt ceiling easing after the Republicans said they would move to raise the government's debt ceiling temporarily. This created optimism in the market, causing investors to liquidate their investment in gold.On Friday, gold was trading at $1,268.24 per ounce on the London spot market, down 1.5 per cent. Gold price on the,...
Source : Sify |
Category : Commodities

Gold price rise due to acute shortage of the yellow metal

Gold prices in the domestic market are 21 per cent higher than international markets like Dubai and Hong Kong asthat the Indian consumer is currently paying 21 per cent more than the international market price of gold, which works out to an extra Rs 4,000 per 10 grammes.While there is a customs duty of 10 per cent that accounts for part of the price difference between the domestic and international...
Source : Business Today |
Category : Business | City : New Delhi

Elections results to influence gold prices: Study

Outcome of general election due in April-May with prospects of a stable new government would influence gold prices apart from equity markets, a study...
Source : Times Of India |
Category : Business

India Gold prices may drop to Rs 25000 on Rupee strength easing import curbs

Global markets witness continued weaknes in gold on US dollar strengh, improved outlook on US economy and easing of import restrictions on gold in India.India gold prices weakened considerably last week as Reserve Bank of India (RBI) eased restrictions on gold imports and Rupee strength added to the bearishnes in the yellow metal. At spot market gold bullion prices fell from Rs 28800 levels to Rs 28100...
Source : Commodity Online |
Category : Commodities

Gold futures down 0.26% on rising rupee

Gold futures prices on Friday fell by 0.26 per cent to Rs 29,787 per 10 grams as speculators offloaded their positions, taking weak cues from the global market amid rising...
Source : Times Of India |
Category : Business

Gold futures price seen hitting new peak

Demand for physical gold slowed this week as spot prices surged to three-month highs and emerging market currencies plunged.Quotes...
Source : Yahoo Finance |
Category : Personal Finance

Gold, silver surge on strong global cues: Experts' views

prices of both the precious metals, gold and silver, jumped in the national capital on frantic buying by stockists triggered by a rally in overseas markets.Quotes...
Source : Yahoo Finance |
Category : Personal Finance

Gold futures rise 0.20% to Rs 31,820 on global cues, spot demand

: Amid a firming trend in the global market, gold prices rose 0.20 per cent to Rs 31,820 per 10 gram in futures trade today as speculators created fresh positions.Besides, a firming trend at the domestic spot markets on the back of stockists buying ahead of festive season also supported the rise in gold futures prices here.At the Multi Commodity Exchange, metal for delivery in October gained Rs 66,...
Source : Ndtv |
Category : Others | City : New Delhi

Gold Prices May Fall on RBI Easing Import Curbs: Ficci

Reserve Bank's move to ease gold import norms is likely to help bring down the price of the precious metal in the domestic market, Ficci today said."The move will help in reduction of gold prices in the domestic market and will also help in reviving the growth of the industry slowly," Ficci President Sidharth Birla said."Moreover now, with the stable and reduced CAD position, we expect that the new...
Source : Ndtv |
Category : Others
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