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Gold glitters amid economic gloom

With the rupee in a free fall, gold prices hit a record high of Rs 34,500 per 10 grams today. Surprisingly, the demand for gold also seems to be soaring along with the price.At a gold shop in Chennai, Madhu Chandran's family is on a buying spree. They are investing more than Rs 2 lakhs in gold jewellery for their daughter."It is the only thing that keeps going up in this country. We don't see it coming...
Source : Ndtv |
Category : Others | City : Chennai

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 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 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 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

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

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

Gold prices decline 0.10% in futures trade

Gold prices today fell by 0.10 per cent to Rs 28,050 per ten gram in futures trade in line with weak overseas trends.Gold prices fell by Rs 28, or 0.10 per cent, to trade at Rs 28,050 per 10 grams for delivery in August at the Multi Commodity Exchange in 11 lots.The June contract of gold dropped by Rs 21, or 0.07 per cent, to Rs 28,506 per 10 gm in 660 lots.Gold tumbled by Rs 210 to Rs 30,040 per 10...
Source : Ndtv |
Category : Commodities | City : New Delhi

Gold fails to shine after Fed MCX Gold may witness short covering

Physical gold demand in Asia has declined recently, especially in China due to recent price flactuations. In China, cash crush was seen pressuring the gold prices to some extent. Gold prices on the Shanghai Gold Exchange have declined lower than international prices. Comex gold futures for December delivery on electronic platform was seen trading with a loss of $13.2 at $1336.1 per troy ounce as of...
Source : Commodity Online |
Category : Commodities
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