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Bull catches gold, bear tightens grip on the cash market

Bull catches gold, bear tightens grip on the cash market

Tue, Feb 06, 2018

MCX Gold April 5 Future was trading 0.80% up at Rs 30,534 at 5.10 pm, same as intra-day price, following the global trend

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Gold edges down on caution ahead of key cenbank meetings

Gold edges down on caution ahead of key cenbank meetings

Mon, Oct 30, 2017

Gold inched lower on Monday as investors remained cautious ahead of policy meetings of three major central banks and the naming of the next U.S. Federal Reserve chair.

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Gold prices steady amid firm dollar

Gold prices steady amid firm dollar

Thu, Oct 19, 2017

Gold prices were nearly unchanged early on Thursday as the dollar held firm on the back of strong U.S. Treasury yields.FUNDAMENTALS * Spot gold was steady at $1,281.24 an ounce at 0053 GMT. It hit an over one-week low of $1,276.73 in the previous session.=>

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Jewellery stocks rally on KYC, PMLA relief by GST council

Jewellery stocks rally on KYC, PMLA relief by GST council

Mon, Oct 09, 2017

In a move to provide relief to customer and jewellers, the GST council in 22nd meet decided to withdraw the KYC norms for purchase above Rs 50,000 for time-being. A guidelines will be issued the council in nearterm.   

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Gold dips as Fed minutes signal no consensus on rate hikes

Gold dips as Fed minutes signal no consensus on rate hikes

Thu, Jul 06, 2017

Gold edged back towards the previous day`s two-month low on Thursday, but remained hemmed into its recent narrow range after minutes from the U.S. Federal Reserve`s latest monetary policy meeting showed no consensus on the likely pace of interest rate hikes.

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Gold steady as dollar hovers near ten-month lows

Gold steady as dollar hovers near ten-month lows

Thu, Jun 29, 2017

Gold held firm on Thursday as the U.S. dollar hovered near 10-month lows on bets that central banks in Europe and Britain are preparing to scale back monetary stimulus. FUNDAMENTALS * Spot gold was nearly flat at $1,249.58 per ounce at 0041 GMT.

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Gold steady, heads for third weekly fall

Gold steady, heads for third weekly fall

Fri, Jun 23, 2017

Gold held steady on Friday above a five-week low touched earlier this week, supported by technicals, but the metal was still on track for a third weekly fall. FUNDAMENTALS

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Gold gains as stocks fall after report of Trump probe

Gold gains as stocks fall after report of Trump probe

Thu, Jun 15, 2017

Gold edged up early on Thursday from a near three-week low hit in the previous session, as Asian stocks fell on a report that U.S. President Donald Trump is being investigated for possible obstruction of justice. FUNDAMENTALS

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Gold slips as U.S. data lifts dollar, boosts rate hike prospects

Gold slips as U.S. data lifts dollar, boosts rate hike prospects

Fri, Jun 02, 2017

Gold inched lower on Friday as Asian stocks and the dollar firmed after upbeat U.S. private sector job figures appeared to boost the prospects for an interest rate hike this month.

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Gold holds near five-week highs, but potential U.S. rate hike drags

Gold holds near five-week highs, but potential U.S. rate hike drags

Thu, Jun 01, 2017

Gold held steady on Thursday after hitting a five-week high in the previous session on geopolitical tensions, but expectations the U.S. Federal Reserve will hike interest rates next month weighed on prices.

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Gold firm near one-month highs as geopolitical concerns support

Gold firm near one-month highs as geopolitical concerns support

Tue, May 30, 2017

Gold held steady early on Tuesday as easing Asian stock markets and geopolitical concerns helped the yellow metal hover close to one-month peaks.

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Gold prices hit six-week low on rate hike expectations

Gold prices hit six-week low on rate hike expectations

Fri, May 05, 2017

Spot gold was down 0.8 percent at $1,227.94 an ounce by 3:02 p.m. EDT (1902 GMT) after touching $1,225.20, the lowest since March 17, and extending losses below the 50- and 200-day moving averages. Support was seen around $1,221, the 100-day moving average.  

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India continues to pull sluggish global gold demand higher

India continues to pull sluggish global gold demand higher

Thu, May 04, 2017

World Gold Council said, "The steady state of global demand concealed a more varied country-level picture. Gains were concentrated in India, Iran and the US, just outweighing modest losses elsewhere."

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India mulls reviving colonial-era gold mines with $2 billion reserves

India mulls reviving colonial-era gold mines with $2 billion reserves

Thu, Jan 26, 2017

India is planning to revive a cluster of colonial-era gold mines - shut for 15 years but with an estimated $2.1 billion worth of deposits left - as the world`s second-largest importer of the metal looks for ways to cut its trade deficit, officials said.

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Gold rises to two-month high on Trump policy uncertainty, dollar drop

Gold rises to two-month high on Trump policy uncertainty, dollar drop

Mon, Jan 23, 2017

Gold prices rose on Monday to the highest in two months as investors sought safer assets amid uncertainty around the economic policies of new U.S. President Donald Trump and as the dollar declined against other major currencies.

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Foreign accounts, property, bullion can't be disclosed under Pradhan Mantri Garib Kalyan Yojana Scheme: Govt

Foreign accounts, property, bullion can't be disclosed under Pradhan Mantri Garib Kalyan Yojana Scheme: Govt

Wed, Jan 18, 2017

Drawing a line for disclosure under the new tax evasion amnesty scheme, the government on Wednesday said only unaccounted domestic cash holding can be declared through it and not jewellery, stocks, immovable property or overseas accounts.

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Rupee near record low, at 68.79 to a dollar

Rupee near record low, at 68.79 to a dollar

Thu, Nov 24, 2016

During opening trade, INR fell 0.3% and was trading at 66.7950 to a dollar. Bloomberg data show that this is the lowest point in three years for the rupee. 

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Gold rises for second day on Asia physical buying, dollar drop

Gold rises for second day on Asia physical buying, dollar drop

Tue, Nov 22, 2016

"We are seeing a lot of activity in Southeast Asia. The drop in prices and inverse pricing against the local currency is driving the buying."

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Rupee runs higher by 12 paise against dollar

Rupee runs higher by 12 paise against dollar

Tue, Oct 18, 2016

According to dealers, weakness in the dollar against other currencies overseas on unexpected fall in a US manufacturing index made the rupee stronger.

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Indian gold demand to revive in H2 on surplus monsoon rains, says WGC

Indian gold demand to revive in H2 on surplus monsoon rains, says WGC

Thu, Aug 11, 2016

"We anticipate gold demand to return to normalcy during the peak season of weddings and festivals closer to Diwali, supported by good monsoons that will positively impact rural demand," Somasundaram PR, managing director of the WGC`s Indian operations, said on Thursday.

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