Spot gold was little changed at USD 1,141.01 an ounce by 0040 GMT, after rising as high as USD 1,145.60 on Wednesday, its loftiest since October 30. Gold rallied 1.2 percent overnight, the biggest single-day gain since January 20.
showed on Monday these inflows totaled 12.8 metric tons, the largest daily inflow since midDecember. On the MCX, gold prices rose by 0.4 percent to close at Rs.26891 per 10gms.SilverSpot silver prices fell
Accordint to Sushil Finance, gold prices is expect to trade sideways as profit booking after sharp upmove in prices likely to keep prices under pressure and weak economic data from the US likely to support prices.
promising to do so for much of the last year," said Meir who sees only one US rate hike this year.Spot platinum fell 1 percent to USD 860.85 an ounce, palladium was steady at USD 500.16 and so was silver
in demand from jewellers. Silver remained under selling pressure and lost another Rs 350 to trade below the Rs 35,000-mark at Rs 34,850 per kg. Traders said that besides a weak trend overseas, easing demand
, an ounce of bullion reached the equivalent in price of nearly 40 barrels of Brent crude oil LCOc1 - more than at any time since 1986.* The official London benchmark price for silver settled on Thursday more
After keeping US interest rates unchanged as expected, Fed policymakers said the economy was still on track for moderate growth and a stronger labour market even with "gradual" rate increases, suggesting its concern about global events had diminished but not squashed chances of a rate hike in March.
,113.54, its highest since Nov. 4."Gold might go for a run," said Brian Lan, managing director at gold dealer GoldSilver Central in Singapore, adding the metal could test USD 1,138, reached on Nov. 3. "If