Gold futures fall by Rs 353 to Rs 41,853 per 10 gram on weak global cues as participants cut down positions
On the Multi Commodity Exchange, gold prices for April delivery fell by Rs 353, or 0.84 percent, to Rs 41,853 per 10 gram in a business turnover of 4,338 lots.
Spot gold rose 0.3 percent to $1,514.56 per ounce by 0112 GMT. Prices hit their highest since 1 November at $1,515.09 on Friday.
Gold amnesty scheme: Tax cheats must be taught a lesson, but targeting households, temple treasure will be a tricky affair
The problem with India’s ‘gold’ economy is that Indians do not see gold as merely an investment asset.
Gold shines on Dhanteras; trade records 30 tonnes of sales, registers around 25% drop in demand against last year
Traders expected only 20 tonnes of gold to be sold in the domestic bullion market on Dhanteras this year, due to weak demand.
Gold ETFs register first inflow in 9 months in August at Rs 145 cr on higher gold prices, weak rupee
Gold ETFs had seen a net outflow of Rs 17.66 crore in July this year and a net outflow of Rs 45 crore in August 2018.
Gold prices expected to go up as investors bet on precious metal; muted consumer demand to perk up with festive season next month
The loose monetary policies of countries and the central banks across the globe diversifying into gold has also contributed majorly in the sharp spike in gold prices,
Gold surges to record high of Rs 36,970 per 10 gram on Sino-US trade tensions; silver soars Rs 1,000
Experts said gold reaching its highest level since May 2013 due to the US-China tensions and increased demand by local jewellers were the factors that propelled the yellow metal to record high level.
Gold prices zoom Rs 930 to Rs 35,800 per 10 gram on firm global cues after Fed chief hints at rate cut soon
Meanwhile, globally spot gold was trading at $1,420.80 an ounce. Similarly, silver was also up at $15.24 per ounce in New York.
Gold prices near four-month low as Fed Reserve stance boosts dollar; yellow metal on course for a weekly drop
Spot gold was hardly changed at $1,272.01 per ounce. In the previous session, the yellow metal dropped to $1,265.85, its lowest since end-December.
Gold crosses Rs 34,000-mark; uncertainty over outcome of Sino-US trade talks, action against Huawei push up prices
Globally, gold rose to $1,314.76 an ounce and silver traded higher at $15.96 an ounce in New York.
Gold snaps four-day rally on subdued demand, still stays above Rs 33,000-mark per 10 gram; silver also slides
In the national capital, gold of 99.9 percent and 99.5 percent purities declined by Rs 40 each to Rs 33,030 and Rs 32,880 per 10 gram, respectively.
Gold pares losses from 19-month low as US dollar softens on reports of Beijing to hold talks with Washington
Spot gold was down 0.2 percent at $1,172.48 an ounce as of 0426 GMT, after earlier falling as much as 1.2 percent to $1,159.96, its lowest since January 2017.
WGC said after plummeting last year, demand for the precious metal is unlikely to fall further.
While India has been among the two biggest consumers of gold in the world along with China with imports in the past going even up to 1,000 tonnes per annum, inflows this year have been quite low.
Gold imports plunged by 59.5 per cent to USD 1.7 billion in October which will help curb the country's Current Account Deficit (CAD).
Kerala's gold loan companies- Muthoot Finance, Manappuram Finance and Muthoot Fincorp - together hold nearly 200 tonnes of gold jewellery, which is higher than the gold reserves of Singapore, Sweden or Australia, a Times of India article pointed out on Sunday.<br />
Gold sales in India during the festivals of Diwali and Dhanteras celebrated this week rose by about a fifth, a senior official at the country's biggest gold trade group said on Friday.<br />