Nov 14, 2015 at 16:05 | Source: PTI
Traders said sentiment remained bearish in line with weak trend overseas where gold traded near a five-year low as investors sold bullion-backed funds amid expectations the US will increase interest rates this year.
Nov 13, 2015 at 21:35 | Source: PTI
Sentiments dampened after the precious metal traded near 5-year low in global market as investors sold bullion-backed funds on expectations that the US Federal Reserve will hike interest rate this year, bullion traders said.
Nov 11, 2015 at 12:08 | Source: Reuters
Investors have been pulling out of bullion funds on increasing bets the US Federal Reserve would raise interest rates this year. Bullion as a non-interest-paying asset could take a hit to demand with higher rates.
Nov 08, 2015 at 15:17 | Source: PTI
Largest private sector lender ICICI Bank said these schemes are an important step towards unlocking USD 800 billion of gold wealth and channelising it towards development.
Nov 06, 2015 at 14:59 | Source: PTI
Silver also edged up by Rs 50 to Rs 35,800 per kg on increased offtake by industrial units and coin makers. Bullion traders said that apart from a firm global trend, emergence of buying by jewellers at prevailing levels mainly led to a recovery in the precious metal prices.
Nov 06, 2015 at 10:00 | Source: Moneycontrol.com
Gold remained under immense selling pressure for the fifth consecutive day at the domestic bullion market here today due to sluggish offtake by stockists and retailers in the face of bearish overseas sentiment.
Nov 05, 2015 at 21:02 | Source: PTI
Meanwhile Prime Minister Narendra Modi today launched three ambitious schemes to reduce the physical demand for gold and fish out 20,000 tonnes of the precious metal worth USD 800 billion lying idle with households.
Nov 05, 2015 at 08:16 | Source: PTI
Issuing the operational guidelines on the gold bonds, RBI said application forms from investors will be received at branches during normal banking hours from November 5 to 20.
Nov 03, 2015 at 15:42 | Source: PTI
Traders said besides a weakening global trend, as investors cut their holdings in bullion-backed funds to the smallest in two weeks on speculation that the Federal Reserve will raise interest rates in December, easing demand from jewellers and retailers mainly kept pressure on gold prices.
Nov 03, 2015 at 14:15 | Source: PTI
The bonds, which will be sold through banks and designated post offices, would be issued on November 26. Applications for the bonds will be accepted from November 5 to November 20, 2015.