Ounce

Pure gold (99.9 purity) also rallied by a similar margin to conclude at Rs 27,130 per 10 grams as against Rs 27,015 previously. However, silver (.999 fineness) climbed by Rs 385 to finish at Rs 35,425 compared with Rs 35,040 on Tuesday.

Gold sinks below $1,200 for first time in nearly 3 years

Gold sank 2 percent on Thursday, as month-end book squaring and relentless liquidation by institutional investors sent bullion prices below USD 1,200 per ounce for the first time in nearly three years.

Don't see gold touching $1,100/oz by year-end: UBS

In a new note to clients, Credit Suisse's Ric Deverall forecasted that gold would plunge to USD 1,100 this year and eventually to USD 1,000 within five years.

Gold declines on global cues; silver ends steady

Gold prices declined by Rs 25 to Rs 27,825 per 10 gm in the national capital today owing to slackened demand at prevailing higher levels amid a weak global trend while silver ended steady in restricted buying.

Can gold breach Rs 70000 mark in 4 years?

The price of gold may hit USD 5,000 per ounce, nearly three times current levels, in three to four years, as demand from sovereign states, central banks and exchange-traded funds (ETFs) rises, the chairman of two Canadian gold mining companies said.