Snapping a four-day winning streak, gold of 99.5% purity also declined by Rs 1,550 to Rs 98,800 per 10 grams on Thursday.
Indian armed forces targeted air defence radars and systems at a number of locations in Pakistan on Thursday, the government said in a statement.
Gold's June contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 97,323 per 10 gram today.
According to Geojit Financial Services, Sowing of rabi crops in Telangana reached nearly 8.0 million acres (1 acre = 0.4 hectares) as of Wednesday, up 18% from 6.8 million acres a year ago, according to a report released by the state agriculture department.
According to Geojit Financial Services, Sowing of rabi crops in Telangana reached nearly 8.0 million acres (1 acre = 0.4 hectares) as of Wednesday, up 18% from 6.8 million acres a year ago, according to a report released by the state agriculture department.
Gold's June contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 95,200 per 10 gram on May 6.
According to Geojit Financial Services, Sowing of summer crops across India progressed to 7.3 million hectares as of Friday, up 15% from 6.3 million hectares sown a year ago, according to data released by the agriculture ministry.
In dollar value terms, the share of gold in the total foreign exchange reserves increased to about 11.7% by end-March, from 9.32% as at end-September 2024
Gold's June contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 93,249 per 10 gram on May 5.
According to Geojit Financial Services, Sowing of summer crops across India progressed to 7.3 million hectares as of Friday, up 15% from 6.3 million hectares sown a year ago, according to data released by the agriculture ministry.
The announcement that the US and China are open to trade negotiations provided some optimism, but scepticism lingers. Market participants remain wary of how much of this is political posturing versus real progress.
According to Geojit Financial Services, Sowing of summer crops across India progressed to 7.3 million hectares as of Friday, up 15% from 6.3 million hectares sown a year ago, according to data released by the agriculture ministry.
Production from captive and commercial mines in April stood at 14.51 MT, a 26.6 percent rise from 11.46 MT seen in April 2024.
"The sharp decline in gold price follows renewed optimism over global trade deals, particularly between the US and China, which has significantly reduced safe-haven demand for gold," says Jateen Trivedi from LKP Securities.
Oil prices fell 16 percent in April as Reuters reported that Saudi Arabia hinted being unwilling to support the oil market with more supply cuts.
US President Donald Trump’s statement that tariff talks with India are in a positive direction enthused investors, forex dealers said.H
Gold's June contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 95,353 per 10 gram on April 30.
The pursuit of the safe haven and diversification benefits in times of uncertainty lent strength to the price rally, which itself helped drive momentum in investment higher.
Motilal Oswal Financial Services advised investors to buy gold on dips, with a target of Rs 1,06,000 in the long term.
According to Geojit Financial Services, Sowing of rabi crops in Telangana was at 7.94 million acres (1 acre = 0.4 hectares) as of Wednesday, up 17.2% from 6.77 million acres a year ago, according to a report released by the state agriculture department.
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"The recent downside was triggered by growing expectations of a possible trade thaw between the US and China," said Jateen Trivedi from LKP Securities.
According to Geojit Financial Services, Sowing of rabi crops in Telangana was at 7.94 million acres (1 acre = 0.4 hectares) as of Wednesday, up 17.2% from 6.77 million acres a year ago, according to a report released by the state agriculture department.
Next week’s calendar is packed with key releases, including US jobs, first-quarter GDP, and the crucial inflation gauge, core PCE, all of which will be closely watched for clearer evidence on the state of the economy amid concerns that new tariffs is dampening growth and inflation outlook.
Gold's June contracts on the Multi Commodity Exchange of India (MCX) traded at Rs 95,999 per 10 gram on April 25.
