Precious Metal

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Precious Metal - Total results - 12
Coronavirus Outbreak: March gold imports hit six-and-half-year low on record price as lockdown squeezes retail demand: Report
Business

Coronavirus Outbreak: March gold imports hit six-and-half-year low on record price as lockdown squeezes retail demand: Report

The world’s second biggest consumer of gold imported 25 tonnes of gold in March, down from 93.24 tonnes a year ago, the source said.

Gold imports plunge 12% to hit three-year low in 2019, record high prices dent demand; trade deficit narrows
Business

Gold imports plunge 12% to hit three-year low in 2019, record high prices dent demand; trade deficit narrows

In August last year, the domestic spot gold prices surged to a life-time high of Rs 40,220 per 10 grams due to worries over a possible global recession and uncertainty over the US-China trade talks.

Gold prices soar Rs 187 to Rs 39,053 per 10 gram, silver jumps Rs 495 after rally in international prices, rupee fall
Business

Gold prices soar Rs 187 to Rs 39,053 per 10 gram, silver jumps Rs 495 after rally in international prices, rupee fall

Spot gold for 24 Karat in Delhi was trading higher by Rs 187 with rally in international prices and rupee depreciation, HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

Gold prices decline Rs 166 to Rs 38,604 per 10 gram on weak global trend, silver down too
Business

Gold prices decline Rs 166 to Rs 38,604 per 10 gram on weak global trend, silver down too

In the international market, both gold and silver were trading lower at $1,458 per ounce and $16.86 per ounce, respectively.

Gold slips Rs 140, still above Rs 38,000-mark on easing in demand from jewellers despite precious metal gaining overseas
Business

Gold slips Rs 140, still above Rs 38,000-mark on easing in demand from jewellers despite precious metal gaining overseas

A day after touching an all-time-high level, gold prices on Friday slipped Rs 140 but traded above the Rs 38,000-mark at Rs 38,330 per 10 gram, on easing in demand from jewellers despite the precious metal gaining overseas and sustaining above the psychological level of $1,500 an ounce

Gold prices decline by Rs 280 to Rs 32,830 per 10 gram on weak global cues, tepid demand from jewellers
Business

Gold prices decline by Rs 280 to Rs 32,830 per 10 gram on weak global cues, tepid demand from jewellers

Globally, gold price was quoted at $1,299.30 an ounce, down 0.31 percent and silver stood at $15.34 an ounce, lower by 0.13 percent in New York.

What? Gold headed for worst fall in 30 years?
Economy

What? Gold headed for worst fall in 30 years?

Gold is down six percent , which is its worst May performance since 1982. This fall comes in the light of concerns over Spain's banking system and the crucial Greek elections which will determine its position in the eurozone.

Has gold lost its ability to be a safe haven?
Economy

Has gold lost its ability to be a safe haven?

Investors are dumping gold along with other risk-sensitive assets like stocks and commodities, leading some commentators to point out that the metal is currently trading like a risk asset rather than a safe haven.

Pranab justifies duty hike, says gold import strains exchange rate
Economy

Pranab justifies duty hike, says gold import strains exchange rate

The import of gold of such magnitude strains balance of payments and affects exchange rate of rupee through impacting supply-demand balance of foreign exchange said Finance Minister Pranab Mukherjee.

Marriage season spikes gold prices, silver falls on sluggish demand
Economy

Marriage season spikes gold prices, silver falls on sluggish demand

Gold rose by Rs 35 to Rs 29,240 per 10 grams on buying by retailers for the ongoing marriage season, however, silver lost Rs 550 to Rs 55,850 per kg.

Gold is still a safe haven. Here's why
Investing

Gold is still a safe haven. Here's why

In fact, gold remains one of the best-performing asset classes of 2011 and recent falls have only wiped out the gains of August. The precious metal's price is still 13 percent higher this year.

Silver tumbles by Rs 5,500, gold down to Rs 28,040
Economy

Silver tumbles by Rs 5,500, gold down to Rs 28,040

Selling pressure gathered momentum after gold headed for its worst weekly performance in more than four months in global markets as investors sold the metal, amid melting equities and other commodities, fearing the world economy might slow down.