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Gold bullion News
Gold prices steady, set for fourth straight weekly gain
Fri, Jan 05, 2018
Gold prices held steady on Friday after hitting 3-1/2 month highs in the previous session, remaining on track for their fourth straight weekly gain.FUNDAMENTALS * Spot gold was mostly unchanged at $1,322.50 an ounce at 0102 GMT.=>
Gold inches up as dollar weakens after US Senate tax bill stalls
Fri, Dec 01, 2017
Gold prices edged higher early Friday, after marking a 3-1/2 week low in the previous session, as the dollar weakened slightly after the progress on U.S. tax legislation hit a roadblock. FUNDAMENTALS
Gold inches down amid Fed inflation concerns
Thu, Nov 23, 2017
Gold prices nudged lower early Thursday, after gaining nearly one percent in the previous session on weaker U.S. economic data and concerns by some Federal Reserve policymakers about lower inflation. FUNDAMENTALS
Gold prices nudge up ahead of Fed meeting minutes
Wed, Nov 22, 2017
Gold prices inched up early on Wednesday as investors remained cautious ahead of the release of minutes from the U.S. Federal Reserve`s last meeting, which could offer hints on the outlook for the central bank`s monetary policy. FUNDAMENTALS
Gold prices rise, North Korea tensions support
Tue, Nov 21, 2017
Gold prices crept up early on Tuesday after falling more than 1 percent in the previous session, with U.S. President Donald Trump`s move to put North Korea back on a list of state sponsors of terrorism burnishing the metal`s safe-haven appeal. FUNDAMENTALS
Gold steady as dollar gains amid U.S. rate hike expectations
Thu, Nov 16, 2017
Gold prices held steady early on Thursday as the dollar firmed after upbeat U.S. economic data bolstered the prospects of interest rate increases next month and beyond. FUNDAMENTALS
Gold makes some recovery on fresh demand, global events
Wed, Nov 15, 2017
Standard gold (99.5 purity) rose by Rs 180 per 10 grams to settle at Rs 29,575 as against Tuesday's closing level of Rs 29,395.
Gold prices slip as higher U.S. yields weigh on market
Tue, Nov 14, 2017
Gold prices inched down on Tuesday, hurt by higher U.S. Treasury yields amid uncertainty over the outlook for tax reforms in the United States. Higher U.S. bond yields can pressure gold prices as they reduce the appeal of non-yielding bullion.
Post GST gold demand drops 25% in India, 3% globally in Q2 FY18
Thu, Nov 09, 2017
Global gold demand slumps after India introduced GST and tightened the laws with Prevention of Money Laundering Act.
Gold jumps more than 1% on geopolitical risks
Tue, Nov 07, 2017
Gold rose more than 1 % on Monday, extending gains as geopolitical risks drove investors to safe-haven assets after the metal`s third-straight weekly decline. The U.S. dollar dropped against a basket of currencies, also boosting gold.
Govt fixes Sovereign Gold Bond rate at Rs 2,971 per gram
Sat, Oct 21, 2017
The government has fixed the purchase price of Sovereign Gold Bond (SGB) at Rs 2,971 per gram. For the subscription period from October 23-25, the issue price will be Rs 2,971 per gram with Settlement on October 30, a Finance Ministry statement said today.
Festive cheer fails to make gold sparkle; tumbles by Rs 100 on global cues
Sat, Oct 21, 2017
Gold fell by Rs 100 to Rs 30,650 per ten gram at the bullion market today amid a weakening global trend and muted demand from local jewellers. However, silver recovered by Rs 50 to Rs 40,850 per kg on scattered enquiries from industrial units.
Gold sales likely to revive during Diwali as KYC norms eased
Sun, Oct 08, 2017
Gold sales are likely to revive during the ensuing Diwali festival with the government revoking an order that mandated PAN and Aadhaar cards for purchases above Rs 50,000, an industry body said.
Gold steady ahead of central bank meetings
Thu, Jul 20, 2017
Gold prices steadied early on Thursday, with the dollar firming as markets waited for clues on the future of key stimulus programmes in upcoming Bank of Japan and European Central Bank meetings. FUNDAMENTALS
Gold edges up ahead of Yellen testimony; Fed officials cautious on rate hike
Wed, Jul 12, 2017
Gold prices edged further away from a 4-month low on Wednesday, as investors awaited testimony from U.S. Federal Reserve Chair Janet Yellen and central bank officials expressed caution about further interest rate hikes. FUNDAMENTALS
Gold adds gain on global cues, jewellers' buying
Sat, Jun 24, 2017
Rising for the second straight session, gold prices went up further by Rs 35 to Rs 29,225 per 10 grams at the bullion market today in tandem with a firm trend overseas and sustained buying by local jewellers.
Gold edges up from five-week lows as equities fall
Wed, Jun 21, 2017
Gold inched up on Wednesday after hitting its lowest in five weeks in the previous session, buoyed as equities fell. FUNDAMENTALS * Spot gold had risen 0.2 % to $1,245.30 per ounce by 0038 GMT, after dropping as far as $1,241 in the previous session.
Gold inches higher after five-week low as dollar gains on rate hike views
Tue, Jun 20, 2017
Gold edged higher on Tuesday after hitting near five-week lows in the previous session when the dollar rose as an influential Federal Reserve official reaffirmed the central bank`s hawkish stance. FUNDAMENTALS
GST of 3% on gold unlikely to dishearten Indian demand for the yellow metal
Mon, Jun 05, 2017
Gold jewellery demand is unlikely to be impacted by the GST rate of 3% which is higher than the current tax rate. Though prices of the yellow metal may increase including that of silver and diamonds, industry experts say it will not impact demand.
Gold steady on weak dollar, geopolitical worries
Wed, Apr 19, 2017
Gold held steady on Wednesday, supported by a weaker dollar, geopolitical concerns about North Korea and nervousness ahead of the French presidential election.