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RBI move pulls gold prices down

Gold prices today fell to a 10-month low in response to the Reserve Bank’s decision to allow more entities to import the yellow metal.In Calcutta, the price of standard gold (99.5 purity) fell Rs 605 to Rs 28,340 per 10 gram.In Delhi, the yellow metal plunged Rs 800 to Rs 28,550, while it ended lower by Rs 780 to settle at Rs 27,690 in Mumbai.Market circles said the fall in prices was in reaction to...
Source : Telegraphindia |
Category : Business | City : Mon

Gold rises 0.36% on global cues

Gold prices rose by 0.36% to Rs 28,490 per ten gram in futures trading today as speculators created fresh positions, tracking a firming global...
Source : Times Of India |
Category : Business

Gold futures down 0.54% on global cues

Gold prices moved down by 0.54% to Rs 28,513 per ten gram in futures trade today as speculators trimmed their positions, taking a weak cues from overseas...
Source : Times Of India |
Category : Business

Gold prices gain; top commodity bets by experts

Snapping a two-day falling trend, gold prices recovered by Rs 30 to Rs 30,430 per ten grams in the national capital today on low level buying.Quotes...
Source : Yahoo Finance |
Category : Personal Finance

Gold majors lower prices used to calculate reserves: SNL Metals and Mining

As the gold price climbed steadily from 2002 to 2012, gold producers increased their reserves calculation prices to allow profitable mining of lower-grade, higher-cost ores.With the drastic fall in prices, gold miners have lowered the prices they use to calculate their gold reserves,according to SNL Metals and Mining. Gold prices have fallen 15% on a year-on-year basis so far.As the gold price climbed...
Source : Commodity Online |
Category : Commodities

Price rise, law and order failure hallmarks of AIADMK rule: Stalin

today charged that the "hallmark" of the three-year AIADMK rule in Tamil Nadu was price rise and law and order failure."The hallmarks of the three-year AIADMK rule are price rise and failure of law and order. Murders and dacoities are occurring within all police limits," he said during campaigning for DMK candidate Devadasasundaram at Tirunelveli.At another meeting, Stalin raked up the Babri Masjid...
Source : Oneindia |
Category : National

Gold Steadies Above $1300, India's Gold Imports Rise After Falling For Seven Straight Months

Soaring gold imports from India are supporting gold prices. MCX Gold futures rosetowards Rs 28000 per 10 gram levels today as the global prices rallied well above $ 1300per ounce levels . However, the equities are witnessing some profit selling in Asia andthat kept advances in gold under check. COMEX Gold is quoting at $1305.60 per ounce, up$5.80 per ounce on the day. MCX Gold futures are trading at...
Source : Indiainfoline |
Category : Commodities

Mahindra launches XUV500 Sportz

Mahindra & Mahindra (M&M) today launched a special edition of its sports utility vehicle XUV500, priced at Rs 13.68 lakh (ex-showroom Mumbai)....
Source : Times Of India |
Category : Business

Government cuts import tariff value on gold, silver

Government today slashed import tariff value on gold and silver to USD 408 per 10 grams and USD 617 per kg respectively, in view of weakness in bullion prices globally.NEW DELHI: Government today slashed import tariff value on gold and silver to USD 408 per 10 grams and USD 617 per kg respectively, in view of weakness in bullion prices globally.In the second fortnight of May, tariff value on imported...
Source : Times Of India |
Category : Business | City : Surat

Gold, silver fall on fresh selling, weak global cues

Gold and silver prices fell in the national capital today on heavy selling by stockists driven by a weak global trend.Gold prices declined by Rs 315 to Rs 31,500 per ten gram, while silver lost Rs 850 to Rs 48,000 per kg on reduced offtake.Traders said heavy selling by stockists, triggered by a weak global trend, led to the fall in prices of gold and silver. Sentiments were also affected by the sp...
Source : Sify |
Category : Commodities
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