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Gold, on Wednesday, held gains as investors sought a safe haven from recent equity declines sparked by concerns of a deepening slowdown in China. Gold was little changed at USD 1,138.78 an ounce
Goldpetal prices on MCX slipped on Wednesday. MCX Goldpetal October contract was trading at Rs 2671 down Rs 12, or 0.45 percent.
Geofin Comtrade report on Metals & EnergyGold edged lower on Wednesday with appetite for the metal soured by a firmer dollar despite weaker Asian equities, and failure to breach a key resistance
Goldm prices on MCX were trading with marginal loss on Wednesday. MCX Goldm October contract was trading at Rs 26794 down Rs 37, or 0.14 percent.
Watch the interview of Naveen Mathur of Angel Commodities with Ekta Batra and Latha Venkatesh on CNBC-TV18. He spoke about the current trend in commodities markets.
Gold prices on MCX were trading lower on Wednesday. MCX Gold December contract was trading at Rs 26947 down Rs 95, or 0.35 percent.
Sustained losses in Asian equities could switch some funds to gold after data showed US factory activity hit a more than two-year low in August, coming on the heels of a survey showing China
the euro and safe-haven yen higher.Crude prices declined sharply with Nymex crude sliding to 44 dollars a barrel. Also a report showed US crude stocks rose last week.In the precious metals space, gold prices
Gold climbed 0.8 percent to USD 1,144.33 an ounce. The metal rose 3.6 percent in last month. Silver also rose 0.2 percent to USD 14.65 an ounce, rising for the fourth day.
Bullion traders said a firming global trend where gold extended its best monthly gain since January after a factory gauge in China shrank to a three-year low, deepening concern about the slowdown
Gold prices rallied due to short covering and some short term volatility due to concerns over China. However, in medium term USD 1000 price tag of gold may be reached and gold may see new low.
Watch the interview of Kunal Shah of Nirmal Bang Commodities with Ekta Batra and Anuj Singhal on CNBC-TV18. He spoke about the current trend in commodities markets.
According to Sushil Finance, gold prices are expected to trade volatile due to uncertainty.
Gold prices on MCX were trading higher on Tuesday. MCX Gold December contract was trading at Rs 27050 up Rs 169, or 0.63 percent.
A Dubai-based gold and jewellery retailer has defaulted on loans worth about 500 million dirhams (USD 136.2 million), with banks considering options including legal action to retrieve the money
Gold edged higher on Tuesday as equities faltered on mounting expectations that the US Federal Reserve will likely go ahead with an interest rate increase this month.Fed Vice Chairman Stanley Fischer
Silver rallied further on the back of heavy offtake by industrial units and speculative traders. Standard gold (99.5 purity) jumped by Rs 235 to finish at Rs 26,505 per 10 grams from Friday's closing
Spot gold was flat at USD 1,132.98 an ounce at 0934 GMT, while US gold futures for December delivery were down 90 cents an ounce at USD 1,133.10. The metal fell 2.3 percent last week as a sell
Goldpetal prices on MCX were trading flat on Monday. MCX Goldpetal October contract was trading at Rs 2668 down Rs 1, or 0.04 percent.
Goldm prices on MCX were trading higher on Monday. MCX Goldm October contract was trading at Rs 26690 up Rs 59, or 0.22 percent.
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