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"Post-Brexit, there is uncertainty that will be positive for gold. By December 2016, we expect gold to reach around Rs 33,500," Commtrendz Research Director Gnanasekar Thiagarajan told PTI.
, they have USD 1.8 trillion in gold. They are all hedged against a Brexit. So, they are all hedged, they were all in the money on Friday. The country as an aggregate was in the money on Friday because they own
Traders said slowdown in buying by jewellers at existing higher levels at domestic markets, mainly led to fall in gold prices.
In sterling terms, gold delivered double-digit percentage gains to top 1,000 pounds an ounce for the first time in more than three years, rallying as much as 21 percent in early trade, while euro
been largely along predicted lines. Global financial markets are in free fall – be it stocks, currencies or commodities – except the bullion markets, where Gold's standing as a safe haven
except gold & silver.
The rupee too hit a four-month low of 68.21 against the US dollar, making the dollar-quoted gold expensive.
Choice Equity Broking report on GoldGoldAs expected MCX Gold almost achieved our short term target of 29830 . MCX Gold prices are trading in a Falling Channel formation on hourly basis . Counter
At the Multi Commodity Exchange, gold for delivery in far-month October went up by Rs 1,941 or 6.45 per cent to trade at Rs 32,103 per 10 gram in a business turnover 544 lots.
down 2-6 percent.12:55 pm Gold Update: Gold prices breached the Rs 32,000 per 10 gram mark by climbing Rs 1,944 per 10 gram in futures trade today amid a firm global trend as the rupee breached the 68
The rally in precious metal reflected in gold exchange traded funds as well. Birla Sun Life, Goldman Sachs, ICICI Prudential, Kotak, IDBI gold ETFs etc gained 2-7 percent.
Watch the interview of Kishore Narne of Motilal Oswal Commodities with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market.
Watch Manisha Gupta of CNBC-TV18 speaking about the current trend in commodities market and currency market action.
At 0457 GMT, the key gold contract for August delivery on the Multi Commodity Exchange was up 6 percent at 31,708 rupees per 10 grams, the highest level since Sept. 9, 2013.
Gold rose more than 3 percent and oil futures dropped below USD 50 a barrel amid sharp price swings on Friday, as official results so far from a British referendum showed a tight race between
demand has been slack due to the economic turmoil. But, if the economic growth comes back, some pressure will be seen on oil, he says. Gold, on the other hand, could spike to USD 1300 an ounce. Lennox
Watch Manisha Gupta of CNBC-TV18 assessing the likely impact of the referendum decision on the currency and commodity space.
Falling for the second straight day, gold prices shed Rs 30 to Rs 29,670 per 10 grams in tandem with a weak trend overseas amid a tepid demand from jewellers at the domestic spot market
Watch the interview of Rupa Mehta of Smriti Commodities with Manisha Gupta on CNBC-TV18. She spoke about the current trend in commodities market.
At Multi Commodity Exchange, gold for delivery in August was trading lower by Rs 74 or 0.25 percent at Rs 30,048 per 10 grams in a business turnover of 215 lots.
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