According to Angel Commodities, on Wednesday, spot gold prices rose 0.33 percent to close at $1293.4 per ounce as support for the metal stemming from uncertainty over Brexit and a partial U.S. government shutdown was countered by a firmer U.S. dollar.
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Spot gold was steady at $1,289.31 per ounce at 0251 GMT. US gold futures were also firm at $1,288.80 per ounce.
Gold is principally a hedge against inflation and a safe haven during times of turbulence in markets. Entering at current prices can give good returns in an uncertain 2019
Just as we apply rupee cost averaging to reduce the risks of investing at the wrong time in equity markets, make sure that you convert your USD to INR in tranches.
Spot gold edged about 0.1 percent lower to $1,290.80 per ounce at 0401 GMT, while US gold futures were unchanged at $1,291.4 an ounce.
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Prices of long term bonds are more susceptible to the changes in bond yields, compared to bonds maturing in near term.
In the national capital, gold of 99.9 percent and 99.5 percent purities advanced by Rs 225 each to Rs 33,100 and Rs 32,950 per 10 gram, respectively.
Hindustan Copper is set to switch production from its open-cast mine to an underground mine, which would boost output.
At the Multi Commodity Exchange, gold for delivery in February was trading higher by Rs 167, or 0.52 per cent, to Rs 32,095 per 10 gram, in a business turnover of 12,675 lots.
According to Angel Commodities, last week, Spot Gold prices rose marginally by 0.3 percent to close at $1292.05 per tonne. While on the MCX prices rose 1.15% to close at Rs.32012 per 10gms.
Spot gold was up 0.3 percent at $1,291.42 per ounce, as of 0411 GMT.
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Silver also dropped by Rs 600 to Rs 39,850 per kg due to reduced offtake by industrial units and coin makers.
Here's a roundup of the key happenings in the commodities market, with a deep dive into some of the most active counters
The opportunity is in the form of buying sovereign gold bond (SGB) from the secondary market.
Its housing finance subsidiary Piramal Capital & Housing Finance also raised Rs 4,000 crore of term loans in the same period.
The changes are a win-win for both as temples will earn a tax-free dividend on their hoard while the government gets the gold it needs.
According to Angel Commodities, on Thursday, Spot gold prices declined by 0.51 percent to close at $ 1286.3. per tonne as investors cut off their shorts against U.S. Currencies.
Spot gold rose 0.4 percent to $1,290.84 per ounce as at 0310 GMT, heading for a fourth straight weekly gain.
US gold futures rose 0.1 percent to $1,293.20 per ounce.
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Silver prices also spurted by Rs 300 to Rs 40,100 per kg on fresh buying by industrial units and coin makers.