LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Gold price shocker! Yellow metal to draw tears from buyers during Diwali

Rising by over Rs 125, gold prices have soared to a 6-year high at Rs 32,625 per 10  grammes on Thursday. The reasons behind the rising Gold price graph are the on going festive and wedding seasons, weakening rupee according to the traders. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Gold price shocker! Yellow metal to draw tears from buyers during Diwali
Rising by over Rs 125, gold prices have soared to a 6-year high at Rs 32,625 per 10 grammes on Thursday. Image source: Reuters
Written By: ZeeBiz WebTeam
Updated: Thu, Oct 25, 2018
04:17 pm
ZeeBiz WebDesk
RELATED NEWS
Gold Price: Where is it headed; when will next move come? Revealed! Gold Price: Where is it headed; when will next move come? Revealed!
Gold, Rupee and Equity Markets: All you need to know Gold, Rupee and Equity Markets: All you need to know
Gold prices to rise further towards Rs 50900, says ICICI Securities, highlights key pointers of Rupee and Equity Markets Gold prices to rise further towards Rs 50900, says ICICI Securities, highlights key pointers of Rupee and Equity Markets
Gold price outlook range - 48900-49500 | Rupee vs dollar eyeing 74.20 levels | Know about Nifty and Bank Nifty - all the info you need Gold price outlook range - 48900-49500 | Rupee vs dollar eyeing 74.20 levels | Know about Nifty and Bank Nifty - all the info you need
This is what is moving your Gold Prices; Up, down or sideways, know it all here This is what is moving your Gold Prices; Up, down or sideways, know it all here

Rising by over Rs 125, gold prices have soared to a 6-year high at Rs 32,625 per 10 grammes on Thursday. The reasons behind the rising Gold price graph are the on going festive and wedding seasons, weakening rupee according to the traders. Silver, however, remained weak and fell by Rs 130 to Rs 39,600 per kg due to slackened demand from industrial units. Globally, gold was trading at USD 1,234.20 an ounce in Singapore Thursday.

This is the third straight session of gain for the yellow metal which has jumped by Rs 405 since October 23.
 
Sovereign gold, however, traded steady at Rs 24,800 per piece of eight gram.

According to the bullion traders, firming trend in overseas where gold traded at over three-month high as the dollar eased and equities slumped also gave a boost to the rising price of the metal. Besides, a pick-up in buying by local jewellers to meet seasonal demand at domestic spot markets and diversion of funds from falling equity markets also supported the uptrend, they said.

In Delhi, gold of 99.99 and 99.5 per cent purity rallied by Rs 125 each to Rs 32,625 and Rs 32,475 per 10 gram, respectively. This is the highest level since November 29, 2012 when the precious metal had closed at Rs 32,940 per ten gram.

On the other hand, silver ready extended its weakness by prices falling by another Rs 130 to Rs 39,600 per kg. Silver coins, however, remained unaltered at Rs 76,000 for buying and Rs 77,000 for selling of 100 pieces.
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
gold price
RELATED NEWS
Gold Price: Where is it headed; when will next move come? Revealed! Gold Price: Where is it headed; when will next move come? Revealed!
Gold, Rupee and Equity Markets: All you need to know Gold, Rupee and Equity Markets: All you need to know
Gold prices to rise further towards Rs 50900, says ICICI Securities, highlights key pointers of Rupee and Equity Markets Gold prices to rise further towards Rs 50900, says ICICI Securities, highlights key pointers of Rupee and Equity Markets
Gold price outlook range - 48900-49500 | Rupee vs dollar eyeing 74.20 levels | Know about Nifty and Bank Nifty - all the info you need Gold price outlook range - 48900-49500 | Rupee vs dollar eyeing 74.20 levels | Know about Nifty and Bank Nifty - all the info you need
This is what is moving your Gold Prices; Up, down or sideways, know it all here This is what is moving your Gold Prices; Up, down or sideways, know it all here

LATEST NEWS

SBI Pension Loan: Former Central and state government employees, defence pensioners or family pensioners, this scheme tailor made for you; check interest rate

MTAR Technologies IPO Subscription details: Retail investors expect bumper listing

On Women's day, top stocks to buy for bumper returns are Titan, Avenue Supermarts, Bata India

PUBG Mobile 1.3 global update: Check expected release date, beta APK download link and more!

Yes Bank and SBI share price: Check what just happened to targets of these lenders

Petrol-diesel rates, LPG cylinder price hike! Rs 21 lakh crore collected from excise duty, cess, Mallikarjun Kharge reveals

Karnataka Budget 2021: Big gift for Ram Temple Ayodhya pilgrims - All details here

NEET 2021 exam: Students don't miss to check the latest update on exam dates, eligibility criteria, registration process and all you need to know before appearing in the exam!

Listing facilitation! Ahead of LIC IPO, authorised capital boost of Rs 25,000 crores - All you need to know

MTAR IPO: Know allotment finalisation status, listing date and how to check subscription of shares

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved