Gold steady; silver recovers on global cues 
Posted by on 08 November

Gold steady; silver recovers on global cues 

New Delhi: Gold prices on Tuesday ended steady at Rs 30,850 per 10 grams in scattered deals, while silver recovered by Rs 250 to Rs 43,850 per kg at the bullion market. Traders said apart from a firm trend overseas, increased off-take by industrial units and coin makers at the local spot market led to a recovery in silver prices. Globally, silver rose by 0.69 per cent to $18.28 an ounce and gold by 0.25 per cent to $ 1,284.40 an ounce in Singapore. In the national capital, silver ready rebounded by Rs 250 to Rs 43,850 per kg and weekly-based delivery edged up by Rs 50 to Rs 43,050 per kg. Silver coins, however, continued to be asked at the previous level of Rs 76,000 for buying and Rs 77,000 for selling of 100 pieces. On the other hand, gold of 99.9 per cent and 99.5 per cent purity ruled flat at Rs 30,850 and Rs 30,700 per 10 grams, respectively. It had lost Rs 300 in yesterday's trade. Sovereign, too, remained stable at Rs 24,500 per piece of eight grams.
0 0 646 08 November, 2016 Trade more
Gold drops Rs 300 on weak global cues
Posted by on 07 November

Gold drops Rs 300 on weak global cues

New Delhi: Gold prices on Monday fell by Rs 300 per ten grams to crack below the 31,000-level and silver by Rs 450 to Rs 43,600 per kg at the bullion market on easing demand from jewellers coupled with weak global cues. Sentiment took a hit after gold tumbled overseas amid positive developments on the US election front, strengthening the dollar and diminishing appeal of the precious metal as a safe-haven, bullion traders said. The FBI has given a clean chit to Hillary Clinton, saying she should not face criminal charges after a review of new emails, an 11th-hour respite for the Democratic presidential candidate that could be a game changer in the tight race for the White House. Globally, gold fell 1.29 per cent to USD 1,287.20 an ounce and silver by 1.17 per cent to USD 18.19 an ounce in Singapore. Besides, fall in demand from jewellers and retailers at prevailing levels at domestic spot market fuelled the downtrend in the precious metals prices. In the national capital, gold of 99.9 per cent and 99.5 per cent purity slumped by Rs 300 each to Rs 30,850 and Rs 30,700 per 10 grams, respectively. The precious metal had gained Rs 500 in the previous five days. Sovereign also traded lower by Rs 100 to Rs 24,500 per piece of eight grams. Tracking gold, silver ready dropped by Rs 450 to Rs 43,600 per kg and weekly-based delivery by Rs 395 to Rs 43,000 per kg. Silver coins, however, held steady at Rs 76,000 for buying and Rs 77,000 for selling of 100 pieces.
0 0 512 07 November, 2016 Trade more
Gold maintains upward trend on global cues
Posted by on 05 November

Gold maintains upward trend on global cues

New Delhi: Gold prices rose for the fifth session in a row, by gaining Rs 100 to Rs 31,150 per ten gram on Saturday, supported by a firm global trend and wedding season demand from jewellers. Silver also retook the Rs 44,000-level by rising Rs 350 to Rs 44,050 per kg following a uptick in demand from coin makers and industrial units. Bullion traders said sentiment remained bullish backed by a firming global trend amid sustained buying by jewellers at domestic spot market, driven by ongoing wedding season. Globally, gold rose by 0.14 per cent to USD 1,304.00 an ounce and silver by 0.44 per cent to USD 18.41 an ounce in New York in yesterday's trade. In the national capital, gold of 99.9 per cent and 99.5 per cent purity advanced by another Rs 100 each to Rs 31,150 and Rs 31,000 per 10 grams, respectively. The precious metal had gained Rs 400 in the previous four sessions. Sovereign, however, remained unaltered at Rs 24,600 per piece of eight grams in limited deals. Tracking gold, silver ready also surged by Rs 350 to Rs 44,050 per kg and weekly-based delivery by Rs 270 to Rs 43,395 per kg. Silver coins too spurted by Rs 1,000 to Rs 76,000 for buying and Rs 77,000 for selling of 100 pieces.
0 0 424 05 November, 2016 Trade more
Gold tops Rs 31,000 on global cues
Posted by on 03 November

Gold tops Rs 31,000 on global cues

New Delhi: Gold regained the Rs 31,000-mark per 10 gram by rising Rs 50 at the bullion market on Thursday, riding on firm global trends and continued buying by domestic jewellers to meet the wedding season demand. However, silver met with resistance at prevailing levels and weakened by Rs 40 at Rs 44,060 per kg. Bullion traders said sentiment remained firm after gold rose for a sixth day today to trade above $1,300 an ounce in global markets on haven demand as equities fell for the sixth time in seven days, amid the US Federal Reserve's decision of leaving the interest rates unchanged. Globally, gold rose 0.39 per cent to $1,301.50 an ounce in Singapore. Yesterday, prices rallied to a four-week high of $1,308.02. Furthermore, persistent wedding season buying by jewellers at domestic fuelled the uptrend. In the national capital, gold of 99.9 per cent and 99.5 per cent purity rose by another Rs 50 each to Rs 31,000 and Rs 30,850 per 10 grams, respectively. The precious metal had gained Rs 300 in last two days. Sovereign also went up by Rs 200 to Rs 24,600 per piece of eight grams. On the other hand, silver ready declined by Rs 40 to Rs 44,060 per kg and weekly-based delivery by Rs 105 to Rs 43,620 per kg. Silver coins, however, held steady at Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces.
0 0 407 03 November, 2016 Trade more
Gold, silver glitter on Diwali demand
Posted by on 29 October

Gold, silver glitter on Diwali demand

New Delhi: Gold price increased by Rs 160 to Rs 30,750 per 10 grams on the eve of Diwali at the bullion market on Saturday on increased buying by jewellers to meet festive demand along with a firm global trend. Silver recaptured the Rs 43,000-mark per kg by gaining Rs 300 on increased off-take by coin makers and industrial units. Bullion merchants said increased buying by jewellers to meet Diwali demand at domestic spot market, mainly led to rise in the precious metals prices. Besides, a firm trend overseas where gold rallied to a three-week high influenced the sentiment here. Globally, gold rose by 0.52 per cent to USD 1,274.70 an ounce and silver by 0.77 per cent to USD 17.73 an ounce in New York in yesterday's trade. In the national capital, gold of 99.9 and 99.5 per cent purity surged by Rs 160 each to Rs 30,750 and Rs 30,600 per 10 grams respectively. It had lost Rs 125 in last two days. Sovereign, however, remained steady at Rs 24,500 per piece of eight grams. Tracking gold, silver ready shot up by Rs 300 to Rs 43,000 per kg and weekly-based delivery by Rs 370 to Rs 42,540 per kg. Silver coins continued to be traded at previous level of Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.
0 0 416 29 October, 2016 Trade more
Dhanteras buying fails to lift gold; falls Rs 110
Posted by on 28 October

Dhanteras buying fails to lift gold; falls Rs 110

New Delhi: Gold prices drifted lower by Rs 110 to Rs 30,590 per 10 gram at the bullion market here despite token buying by jewellers and retailers on the occasion of 'Dhanteras' on Friday. A weak trend in the precious metals overseas mainly led to the fall in gold prices, bullion traders said. Silver however managed to close steady at Rs 42,700 per kg on scattered demand from coin makers ahead of the Diwali festival. Dhanteras is considered to be an auspicious day for buying gold, silver and other valuables and is largely celebrated in North and West India. Despite buying support from jewellers for the auspicious festival of Dhanteras, gold failed to glitter largely due to a weak trend in global market. Globally, gold fell 0.17 per cent to trade at USD 1,265.90 an ounce in Singapore, while silver shed 0.34 per cent to USD 17.53 an ounce. Back home, gold 99.9 and 99.5 per cent purity fell by Rs 110 each to Rs 30,590 and Rs 30,440 per 10 gram, respectively. Sovereign, however, continued to be enquired at Rs 24,500 per piece of 8 grams. In futures trading, gold for delivery in December too was down by Rs 46, or 0.15 per cent at Rs 29,881 per 10 gram. On the other hand, silver ready in restricted activity held steady at Rs 42,700 per kg, while weekly-based delivery was down Rs 15 at Rs 42,170 per kg. Silver coins remained unaltered at Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces on some support. Gold prices have gone up by Rs 4,360, or 16.6 per cent, while silver has spurted by Rs 7,290, or 20.58 per cent from last year's Dhanteras.
0 0 362 28 October, 2016 Trade more
Gold falls Rs 105 on weak global cues 
Posted by on 24 October

Gold falls Rs 105 on weak global cues 

New Delhi: Tracking a weak trend overseas, gold prices drifted lower by Rs 105 to Rs 30,415 per 10 grams in the bullion market on Monday. However, some buying by jewellers to meet the ongoing 'wedding and festive season demand' in the domestic market capped the losses. Silver also dipped below the Rs 43,000-mark by falling by Rs 200 to Rs 42,800 per kg due to reduced off-take by industrial units and coin makers. Traders said a weak trend overseas where gold declined, weighed down by the dollar's strength. They said investors expect the US Federal Reserve to hike interest rates by the end of the year, eroding demand for a haven, mainly kept pressure on gold. Globally, gold fell by 0.06 per cent to USD 1,265 an ounce in Singapore. In the national capital, gold of 99.9 per cent and 99.5 per cent purity fell by Rs 105 each to Rs 30,415 and Rs 30,265 per 10 grams, respectively. The precious metal had gained Rs 120 in Saturday's trade. Sovereign, however, held steady at Rs 24,400 per piece of eight grams in limited deals. In a similar fashion, silver ready moved down by Rs 200 to Rs 42,800 per kg and weekly-based delivery by Rs 355 to Rs 42,145 per kg. Silver coins, however, ruled flat at Rs 73,000 for buying and Rs 74,000 for selling of 100 pieces.
0 0 357 24 October, 2016 Trade more
Gold rises by Rs 120 on wedding demand
Posted by on 22 October

Gold rises by Rs 120 on wedding demand

New Delhi: Powered by wedding season demand from jewellers and retailers, gold regained some lustre by rising Rs 120 to Rs 30,520 per 10 grams at the bullion market on Saturday. Positive global cues added to the upside. Silver recaptured the Rs 43,000 per kg mark by climbing Rs 700 on increased off-take by industrial units and coin makers. Bullion merchants attributed the traction in gold prices to hardening demand from jewellers as well as retailers, triggered by the ongoing wedding rush. Globally, gold rose 0.04 per cent to USD 1,265.70 an ounce and silver 0.03 per cent to USD 17.50 an ounce in New York yesterday. In the national capital, gold of 99.9 per cent and 99.5 per cent purity recovered by Rs 120 each to Rs 30,520 and Rs 30,370 per 10 grams, respectively. The metal had lost Rs 140 yesterday. Sovereign, however, remained flat at Rs 24,400 per piece of eight grams. In step with gold, silver ready surged Rs 700 to Rs 43,000 per kg and weekly-based delivery Rs 595 to Rs 42,500 per kg. Silver coins, however, remained unchanged at Rs 73,000 for buying and Rs 74,000 for selling of 100 pieces.
0 0 360 22 October, 2016 Trade more
Gold falls in line with weak global cues
Posted by on 21 October

Gold falls in line with weak global cues

New Delhi: Reflecting a weak trend overseas and slack demand from jewellers, gold broke its three-day winning spell by falling Rs. 140 to trade at Rs. 30,400 per 10 grams at the bullion market on Friday. Silver was no better, which dropped by Rs. 400 to Rs. 42,300 per kg due to reduced off-take by industrial units and coin makers. Traders said the weakness is mostly because of a firming dollar, which somewhat took the sheen off the precious metal as a safe haven. The fall in demand from jewellers and retailers at the domestic spot market at prevailing levels contributed to the slide too. Globally, gold fell 0.31 per cent to USD 1,261.30 an ounce and silver 0.37 per cent to USD 17.43 an ounce in Singapore. In the national capital, gold of 99.9 per cent and 99.5 per cent purity plunged Rs. 140 each to Rs. 30,400 and Rs. 30,250 per 10 grams, respectively. The precious metal had gained Rs. 290 in the previous three sessions. Sovereign, however, remained flat at Rs. 24,400 per piece of eight grams in limited deals. Following gold, silver ready drifted lower by Rs. 400 to Rs. 42,300 per kg and weekly-based delivery by Rs. 365 to Rs. 41,905 per kg. Silver coins, however, remained unaltered at Rs. 73,000 for buying and Rs. 74,000 for selling of 100 pieces.  
0 0 344 21 October, 2016 Trade more
Silver recovers on global cues; gold ends steady
Posted by on 17 October

Silver recovers on global cues; gold ends steady

New Delhi: Silver prices recovered by Rs 50 to Rs 42,250 per kg at the bullion market on Monday, tracking a firm trend overseas amid increased off-take by consuming industries at domestic spot market. On the other hand, gold held steady at Rs 30,250 per 10 grams in scattered deals even as it strengthened overseas. Traders said besides a firm trend overseas, increased offtake by industrial units and coin makers at the local spot market, led to recovery in silver prices. Globally, silver rose by 0.12 per cent to USD 17.40 an ounce and gold by 0.24 per cent to USD 1,253.50 an ounce in Singapore. In the national capital, silver ready edged up by Rs 50 to Rs 42,250 per kg and weekly-based delivery traded higher by Rs 35 to Rs 41,855 per kg. Silver coins, however, continued to be asked at the previous level of Rs 72,000 for buying and Rs 73,000 for selling of 100 pieces. On the other hand, gold of 99.9 per cent and 99.5 per cent purity ruled flat at Rs 30,250 and Rs 30,100 per 10 grams, respectively. It had lost Rs 150 in last two trade. Sovereign, too, remained steady at Rs 24,300 per piece of eight grams.
0 0 377 17 October, 2016 Trade more