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Gold has been hard hit this year by fears of an imminent end to the U.S. Federal Reserve's massive stimulus program, as well as by the strength in equities and the rosier global economic picture.
To curb a record trade deficit, India imposed an import duty of 10 percent on gold, and tied imports for domestic consumption with exports, creating scarce supply of the yellow metal, and boosting
Gold prices on MCX were trading with marginal loss. MCX Gold April contract was trading at Rs 28654 down Rs 55, or 0.19 percent.
Speaking to CNBC-TV18, Sanjeev Bhatia, president- finance, PC Jeweller says that talks of a slump in demand are partially incorrect. The fall in demand, he explains, is in gold coins and bullion
Goldm prices on MCX were trading lower on Friday. MCX Goldm February contract was trading at Rs 29346 down Rs 119, or 0.40 percent.
In an interview to CNBC-TV18, T Gnanasekar of CommTrendz Research spoke about the current trend in commodities market.
Nirmal Bang's report on metals & energyGold: One can witness a range bound move 28900 to 29300 during the day. Prices are expected to remain under pressure.Silver prices may bounce till 45300
Goldguinea prices on MCX were trading with marginal loss. MCX Goldguinea January contract was trading at Rs 23670 down Rs 81, or 0.34 percent.
outside major cities but who are reaping the benefits of a rapidly growing economy and who remain enamoured by the gleam of gold.
Indian gold premiums hit another record on Thursday, driven by lower supplies to meet firm demand for weddings, which will continue till May.Local prices were USD 150-160 an ounce higher than London
Goldpetal prices on MCX were trading lower on Thursday. MCX Goldpetal January contract was trading at Rs 2978 down Rs 10, or 0.33 percent.
Goldguinea prices on MCX were trading marginal loss. MCX Goldguinea January contract was trading at Rs 23803 down Rs 85, or 0.36 percent.
Sonata Software, a global software service provider and a Gold Certified SAP partner today announced the launch of its Customizable Output Based SAP AMS Offering Sonnet AMS.
Precious metals are expected to trade on a mixed note in international markets on the back of declining trend in gold and silver ETFs holdings. In the Indian markets, appreciation in the Rupee
Gold prices on MCX were trading lower on Thursday. MCX Gold February contract was trading at Rs 29385 down Rs 209, or 0.71 percent.
Gold edged lower on Thursday following a short-covering rally in the previous session, weighed down by concerns the US Federal Reserve ould soon begin tapering its monetary stimulus on strong
Despite a minor correction in prices, the scarcity of gold due to RBIs import restrictions has kept prices higher than the comfort level as spiraling retail inflation eats away into customer appetite.
Spot gold fell one percent to its lowest since July 5 at USD 1,211.44 an ounce earlier in the session and was down 0.9 percent to USD 1,217.06 by 1052 GMT.
David Lennox of Fat Prophets is cautious on gold and expects price of the yellow metal to weaken a little further until the US Fed announces the exact time for QE tapering.
"We expect the CAD to be lower in the remaining quarters of the FY'14 than the corresponding quarters in FY'13 in view of a pick-up in exports and a significant drop in gold imports," India
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