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News & Updates

Gold ignores firm dollar; rises towards record

Gold rose towards its record high on Thursday, supported by worries about the widening euro zone debt crisis and slowing global growth and shrugging off strength in the dollar after Japan's intervention in the currency market.

Gold falls 1 per cent as Obama announced debt deal

Gold fell more than 1 per cent on Monday, after US President Barack Obama said a deal to reduce the country's deficit had been reached, dampening safe-haven interest that has propelled the precious metal to record highs in recent weeks.

Gold steadies on dollar and US debt talks

Gold steadied on Thursday, surrendering earlier gains, as the dollar rose against a currency basket, but prices were underpinned by concerns over a potential US debt default as lawmakers in Washington argued over deficit-cutting measures.

US debt deadlock to keep gold prices high

Gold eased on Tuesday as investors cashed in some gains after the previous session's record high, but the political impasse in the United States over raising the debt ceiling kept prices firmly supported above $1,600 an ounce. Spot gold edged down 0.3% to $1,609.79 by 0939 GMT.

Gold Trades near Record as Obama Warns of 'Deep Economic Crisis' From Debt

Gold hit a record high above $1,620 an ounce on Monday, while the dollar steadied and Asian stocks slipped as investors piled into bullion over fears of a possible US debt default as the debt ceiling talks in Washington stalled.

Gold hits record as US deficit talks stall

Gold hit a record high above $1,620 an ounce on Monday, while the dollar steadied and Asian stocks slipped as investors piled into bullion over fears of a possible US debt default as the debt ceiling talks in Washington stalled.

Silver falls to Rs 57,400, gold sheds Rs 285

Both the precious metals, gold and silver, tumbled as stockists offloaded their positions due to a weakening global trend, amid sluggish demand at existing levels. While silver lost Rs 1,500 to Rs 57,400 per kg, gold fell by Rs 285 to Rs 23,160 per 10 grams.

Silver tipped to outperform other assets; retail investors see a silver lining in US debt woes

Retail investors, who lost their shirts during silver's 31% crash over the past three months, may have a chance of redeeming their losses by the year-end, with precious metals tipped to outperform other assets, because of debt concerns in the US and the sovereign crises in the euro zone.

Gold steadies off record highs, eyes euro summit

Gold hit record highs in Europe on Tuesday as investors bought the metal as a haven from risk on heightened concerns that the debt crisis engulfing Greece may ensnare Italy and Spain, and as time grew short for raising the US debt ceiling.

Gold May Snap Best Run in 31 Years as Advance to Record Price Spurs Sales

Gold may snap its longest winning streak in more than three decades as its advance to a record on U.S. and European sovereign-debt woes spurred sales.

India, China jewellery demand driving up gold prices

Increased use of gold in making jewellery in growing markets such as India and China has pushed up the yellow metal's prices, according to a study by Dubai Chamber of Commerce and Industry study based on the Dubai Multi-Commodities Centre (DMCC).

Gold prices have room to reach $5,000: Analyst

Gold prices could catapult to anywhere between $1,870 and $5,000 an ounce based on a theoretical analysis, an analyst at Capital Economics said on Friday.

Gold price at fresh high on global cues

Gold price scaled fresh highs at the bullion market here on Wednesday on heavy buying by stockists and huge investment appetite triggered by ongoing global surge.

Gold near record on euro fears, US debt talk

Gold rallied to near its all-time high on Tuesday, as investors sought a safe haven on fears that European officials were failing to stop a debt crisis from spreading and uncertainty related to frantic US talks to raise its debt limit.

Gold rises for sixth day on euro zone fears

Gold rose on Monday, ending at its highest point since setting a record in May, as investors sprinted for safer havens on mounting worries that the euro zone debt crisis might spill into Italy.

Gold recovers smartly, silver sizzles

Gold prices recovered smartly at the bullion market here on renewed buying by investors and traders amid global rally. Silver continued its onward march with hectic speculative activity on the back of rising industrial demand.

Silver rises on speculative trade, gold declines

Silver prices rose further at the bullion market here on Friday on hectic buying from speculators and stockists despite weakening trend in global cues.

Precious metals up on global cues

Gold rose further by Rs 160 to Rs 22,430 per 10 gms, while silver added another Rs 450 to Rs 54,150 a kg on Thursday on increased buying by stockists and speculators, supported by a firming global trend.

Silver surges by Rs 2,400, gold adds Rs 275 on global cues

Silver advanced by Rs 2,400 to Rs 53,700 per kg, while gold added Rs 275 to Rs 22,270 per 10 grams today on brisk buying by stockists and speculators, triggered by a strong rally overseas.

Gold, silver prices climb on Greek debt worries

Gold and silver prices are climbing as questions linger about ongoing efforts to bail out Greece.

Gold rises as drop to 6-week lows sparks buying

Gold prices rose 0.5 per cent in Europe on Monday as investors took advantage of the metal's dip to six-week lows last week to buy into the market on expectations that the euro will extend gains versus the dollar.

Precious metals to remain subdued on profit booking

Gold is likely to remain subdued this week on profit booking by global investors. Lack of safe haven buying support may continue, pulling the yellow metal further down and giving an opportunity to new investors to balance their portfolio had they missed the chance in the past.

Gold hits 6-week low on drop in oil prices & gains in dollar

Gold fell to six-week lows below $1,490 an ounce on Friday, hurt by a drop in oil prices and gains in the dollar against a basket of currencies, and as Greece's approval of a key austerity package cut the metal's appeal as a haven from risk.

Silver retains most-traded tag due to volatility

Continued interest in silver futures by big traders and retail speculators has ensured it remains the highest traded commodity on futures exchanges. A high volatility in the counter has attracted market participants despite many retail investors having lost their shirts during a 33% crash in the first quarter of the financial year.

Silver bounces from 5-day losing streak, gold remains strong

Snapping a five-day losing streak, silver prices added Rs 650 to Rs 52,150 per kg today on brisk buying by stockists and speculators amid firming global trend.

Gold edges above $1,500/oz as euro, oil recover

Gold rose back above $1,500 an ounce in Europe on Tuesday, following three days of losses, as hopes that Greece's debt crisis may be contained tempered risk aversion and helped the euro to regain some ground.

Gold inches up on weaker dollar, Greece bailout hopes

Spot gold edged higher on Tuesday, supported by a weaker dollar as the euro rallied on hopes that Greece's parliament will pass an austerity plan to avoid a sovereign debt default.

Gold to stay bullish over long term

Gold under pressure in near term: Positive economic data from the US, a fall in oil prices, the latter being a one-off event, and concord on a Greek rescue package among EU member states have reduced the safe-haven appeal of gold which has shed around $40 over the past week to trade at $1502 an ounce on Saturday.

Gold tumbles 2% as dollar surges in risk-off trade

Gold fell 2 percent on Thursday, set for its biggest one-day fall in more than a month, after a surprise increase in U.S. jobless claims hit investor risk appetite and boosted the dollar, pummeling commodity and stock markets.

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22nd February, 2017 10:00 AM (IST)

NY Gold (oz) *

$ 1265.70

LBMA (oz) *

$ 1266.05

Gold (10 gm) *

Rs. 30,000

Silver 999 (1 Kg) *

Rs. 42,600

USD vs. INR *

Rs 66.89

1 troy ounce (oz) - 31.1034768 gms

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