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Spot Gold News
Spot Gold

Gold price climbs Rs 418 on global trends
Wed, Sep 02, 2020
"Spot gold prices for 24 carat in Delhi were higher by Rs 418 with rally in international prices. However, the upside in gold prices in India was capped with gains in rupee," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
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Gold price rises by Rs 161, silver jumps Rs 800
Tue, Sep 01, 2020
"Domestic prices were higher in Monday afternoon trade tracking weakness in the domestic unit and safe-haven appeal for the metals," Sriram Iyer, Senior Research Analyst, Reliance Securities, said. Meanwhile, in the domestic equity market, the 30-share BSE benchmark Sensex closed 839.02 pts lower at 38,628.29.
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Gold inches up, but set for first monthly decline in five
Tue, Sep 01, 2020
"At present there is less risk aversion in the global marketplace, which is somewhat constraining the safe-haven metal`s bulls," Kitco Metals senior analyst Jim Wyckoff said in a note. World stocks hovered near record highs as investors bet on continued central bank monetary support to revive the coronavirus-hit economy.
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Next tranche of gold bond opens on Aug 31, issue price at Rs 5,117 per gram
Mon, Aug 31, 2020
The issue price for the sixth tranche of the Sovereign Gold Bond Scheme has been fixed at Rs 5,117 per gram, the RBI said in a statement on Friday. The Sovereign Gold Bond Scheme 2020-21 series VI will open for subscription on August 31, 2020 and close on September 4, 2020.
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Gold price rises marginally by Rs 11, silver jumps Rs 1,554
Thu, Aug 13, 2020
In the international market, gold was trading with gains at USD 1,931 per ounce, while silver was flat at USD 25.88 per ounce. "Gold prices traded firm with spot international gold prices rising to USD 1,931," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
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Gold price falls below $1,900 level as U.S. dollar, yields rise
Wed, Aug 12, 2020
A jump in U.S. Treasury yields helped the dollar extend its winning streak, making gold more expensive for those holding other currencies. Higher yields also increase the opportunity cost of holding non-yielding gold.
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Gold, silver prices continue to climb; touch record levels
Fri, Aug 07, 2020
"Spot gold prices for 24 carat in Delhi continued to scale new highs by gaining Rs 6. Gold prices are trading higher for the 16th consecutive day in India," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
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Bull-run persists in precious metals; gold above Rs 56k/10 gm
Fri, Aug 07, 2020
According to market experts, industrial and investment demand have picked up of late for silver as economies are opening up gradually post the pandemic-related lockdowns. Further global supply constraints have been a major factor for the recent surge.
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Gold price accelerated higher on fragile economic recovery hopes
Fri, Aug 07, 2020
"There are mixed signals that the economy is recovering and some of the signs of recovery are relatively superficial as they show aggregate figures and not how medium and small enterprises continue to suffer," said Jeffrey Christian, managing partner of CPM Group.
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Panic Room! Investors rush into gold and other havens as stocks near highs
Thu, Jul 23, 2020
The firm has increased exposure to gold in clients` portfolios with the gold allocation on average tripling since April to as much as mid-single digits as a percentage of portfolios. GenTrust has also been trimming positions in technology stocks.
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Gold price hovers near nine-year high as virus fears drive safe-haven demand
Tue, Jul 21, 2020
"What`s really driving gold market is stimulus and we are going to get more of it. Its the eye candy that`s driving sentiment right now," said Stephen Innes, chief market strategist at financial services firm AxiCorp. European Union leaders appeared to near an agreement on Monday on a 750-billion-euro stimulus plan for regional economies hit by the pandemic.
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Gold eases below $1,800 as dollar firms, virus fears limit losses
Tue, Jul 14, 2020
Apart from the pandemic, renewed concerns about diplomatic tension between the United States and China also dented risk appetite, capping losses in bullion, which is considered a hedge against political and financial uncertainty.
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