Aug 22, 2015 at 16:04 | Source: PTI
Bullion traders said besides a firming trend overseas where gold recorded its biggest rally in seven months, brisk buying by jewellers to meet rising seasonal demand mainly lifted gold prices to almost a three-month high.
Aug 19, 2015 at 15:28 | Source: PTI
Bullion traders said a firming global trend as investors await release of the US Federal Reserve minutes, which may give further clues on the timing of an interest rate increase and sustained buying by jewellers to meet rising demand mainly kept gold prices higher.
Aug 14, 2015 at 18:38 | Source: PTI
Elsewhere, silver continued its strong rallying momentum on the back of hectic speculative demand. Standard gold (99.5 purity) edged up by Rs 5 to settle at Rs 25,730 per 10 grams from overnight closing level of Rs 25,725.
Aug 10, 2015 at 14:28 | Source: PTI
Traders said besides a firming trend overseas on speculation that physical demand in Asia may pick up and increased buying by jewellers to meet upcoming festive season demand, mainly led to persistent rise in the precious metal prices.
Aug 08, 2015 at 13:00 | Source: CNBC
Bullion just notched its seventh straight week of losses, which is gold's longest weekly losing streak since 1999. And even though gold rose slightly Friday, a trader who relies heavily on the technicals believes the breakdown is about to get a lot worse.
Aug 06, 2015 at 15:52 | Source: PTI
Moreover, the precious metal was trading at five-year lows in the global market. Besides, there was an easing demand from jewellers as retailers deferred their buying plans on hopes of further dip in the yellow metal prices.
Aug 04, 2015 at 15:27 | Source: PTI
Silver followed suit and lost another Rs 450 at Rs 33,750 per kg. Traders said weakening global trend amid speculation that the Federal Reserve will raise interest rates as early as September kept pressure on the precious metal.
Aug 01, 2015 at 14:42 | Source: PTI
Traders said sentiment bolstered as the precious metals rose in global markets after a report showed wages and salaries in the US rose in the second quarter at the slowest pace on record, weakening the case for the Federal Reserve to raise interest rates.
Jul 29, 2015 at 15:43 | Source: PTI
Traders said slackened demand from jewellers and retailers mainly kept pressure on gold prices but a firming global trend, restricted the fall.
Jul 23, 2015 at 17:41 | Source: PTI
In addition, emergence of buying by jewellers at prevailing levels, though selective, supported the upside in the precious metal prices. Silver also showed some signs of recovery and gathered Rs 230 to settle at Rs 34,330 per kg on scattered demand from consuming industries.