Precious Metal

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

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.

Gold at record high of Rs 29,540 per 10 grams

Gold today rallied to an all-time high of Rs 29,540 per 10 grams in the bullion market here by adding Rs 240.

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.

Gold futures tumble 3.82 pc; Silver headed for biggest daily drop in 3 years

Silver tanked by Rs 3,224, or 6 percent, to Rs 50,502 per kg in futures trade today as speculators engaged in reducing their positions after prices of the precious metal tumbled by over 8 percent in the Asian region.

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?

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

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

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.

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.