Jul 03, 2021 08:28 AM IST
Improved economic outlook, prospects of central bank tightening will prove to be headwinds. But uncertainty on growth, inflation and other tail risks to economic cycle will support gold investment. Investors can buy on dips.
- Oct 26, 2016 10:48 AM IST
"Market sentiment is looking up and the prices have more or less stabilised. Moreover, good monsoon and pent up demand will boost sales. We expect around 20-25 percent overall growth in sales this year," All India Gems and Jewellery Trade Federation (GJF) Chairman Sreedhar G V told PTI here.
- Oct 24, 2016 06:52 PM IST
Technically, silver prices are hovering around its 200 DEMA which is acting as a crucial support at $17.30 levels.
- Nov 27, 2015 08:07 AM IST
According to Bank of America Merrill Lynch's weekly flows report, investors yanked USD 1 billion from precious metals funds in the week to Nov. 25, the chunkiest outflow in 17 weeks. Data this week were based on four days of fund flows as opposed to the normal five due to Thanksgiving holiday, the bank said.
- Sep 16, 2015 10:09 PM IST
The GMS provides an option to people to monetise physical gold by depositing them with authorised banks and earning interests from such deposits.
- Sep 11, 2015 08:00 AM IST
Diamond prices softened in August, as the global stock market slump hit discretionary spending and jewelry demand in China thanks to a clampdown on luxury gift-giving and the slowdown in the world's second-biggest economy.
- Aug 27, 2015 03:24 PM IST
Silver followed suit and plunged by Rs 770 to Rs 34,200 per kg on poor offtake by industrial units and coin makers. Bullion merchants said besides a weak global trend, slackened demand from jewellers and retailers at current levels mainly kept pressure on precious metals prices here.
- Aug 22, 2015 04:04 PM IST
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 18, 2015 03:18 PM IST
The yellow metal took positive cues from the global market amid pick-up in domestic demand. Silver, however, met with resistance at prevailing levels and dropped Rs 450 to Rs 35,950 per kg.
- Aug 12, 2015 03:18 PM IST
The precious metal again topped USD 1,100 an ounce mark in the global market. The depreciation in rupee, which plunged to almost two-year low against the dollar, also supported the upside in the global prices as it would make imports costlier.
- Aug 06, 2015 03:52 PM IST
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 05, 2015 03:23 PM IST
Silver also shed Rs 50 at Rs 33,700 per kg on reduced offtake by industrial units and coin makers.
- Jul 31, 2015 11:18 AM IST
Gold is now down 13 out of the past 15 trading sessions, and according to one highly regarded technician, it's about to get even worse.
- Jul 29, 2015 03:43 PM IST
Traders said slackened demand from jewellers and retailers mainly kept pressure on gold prices but a firming global trend, restricted the fall.
- Jul 24, 2015 04:07 PM IST
The government on Friday slashed the import tariff value on gold for the second straight week to USD 354 per 10 gm in line with weak global prices of the precious metal.
- Jul 24, 2015 11:36 AM IST
Gold prices were down by Rs 193 to Rs 24,758 per 10 grams on Friday in futures trade after the precious metal tumbled to over five-year lows in global market.
- Jul 16, 2015 08:07 AM IST
The decline in gold imports helped in narrowing the trade deficit to USD 10.82 billion in June as against USD 11.76 billion in the same month last year.
- Jun 24, 2015 11:17 AM IST
Asia shares rallied for a sixth straight session as investors chose to be optimistic that Greece would reach a deal with its creditors, while the dollar held broad gains as the prospect of US rate rises came back on the radar.
- Jun 18, 2015 04:21 PM IST
The rebound in gold prices was mostly in tune with a firming trend in global market as dollar fell, adding to the appeal of the precious metal after the Fed signalled that the pace of policy tightening will be gradual.
- Jun 16, 2015 05:11 PM IST
Any increase in gold imports impacts the current account deficit (CAD). CAD in the first half of last fiscal declined to 1.9 percent of GDP (USD 18 billion) from 3.1 percent (USD 27 billion) in the same period of the previous year.
- May 25, 2015 08:22 AM IST
The group has launched Muthoot Gold Point to recycle gold jewellery into bars at a nominal cost. It has already been running a pilot centre in Coimbatore for the past three months and just started another one in Chennai, Muthoot Fincorp Director Thomas George Muthoot told Media.
- May 14, 2015 09:36 AM IST
Indian demand for gold is likely to increase in April-June from the first quarter due to strong buying during a major festival, lower prices and robust economic growth, the World Gold Council said on Thursday.
- May 08, 2015 10:17 AM IST
Spot gold eased 0.1 percent to USD 1,182.88 an ounce by 0046 GMT, after losing 0.6 percent in the previous session. So far this week, gold is up 0.4 percent.
- Apr 25, 2015 02:40 PM IST
Spot gold was down 1.4 percent at USD 1,177.03 an ounce at 2:34 p.m. EDT (1834 GMT), while US gold futures for June delivery settled down USD 19.30 an ounce at USD 1,175. That marked spot gold's largest single-session decline since March 6.
- Apr 11, 2015 04:04 PM IST
Besides, increased buying by jewellers to meet wedding season demand helped the precious metal to recapture the crucial level. Silver also advanced by Rs 150 at Rs 36,900 per kg on increased offtake by industrial units and coin makers.