Gold imports up 6.4 pc to USD 13 billion in April-July this fiscal
Business | August 19, 2022 12:21 ISTThe gems and jewellery exports during the first four months of the current fiscal grew by about 7 per cent to USD 13.5 billion.
The gems and jewellery exports during the first four months of the current fiscal grew by about 7 per cent to USD 13.5 billion.
As the country is celebrating Dhanteras today, people in the national capital came out to purchase gold. Making purchase on this auspicious day is an age-old tradition.
The October contract of gold on the MCX is currently trading at Rs 49,365 per 10 gram, lower by Rs 143.00 or 0.29 per cent from its previous close.
The yellow metal-gold stirred new highs by breaking all records of its past amid coronavirus. Even when the world is struggling for better economy and rising cases of COVID-19, gold has proved itself to be a safe-haven. Some tips for investors.
Futures of gold and silver which were touching new highs every other day lately have started to falter in line with international markets and traders booking profits.
Gold futures on the Multi-Commodity Exchange (MCX) reached a new record level on Wednesday as it neared the Rs 55,000 mark. The October contract of gold on the MCX touched an all-time high of Rs 54,910 per 10 gram. It is currently trading at Rs 54,848, higher by Rs 297 or 0.54 per cent from its previous close.
Silver prices: In bullion trade, it's usually gold that takes all the limelight but on Wednesday it was Silver's moment to shine along with gold. The precious metal was in huge demand.
Gold on Friday jumped Rs 773 to Rs 45,343 per 10 gram in the national capital as mounting worries over the economic fallout from the fast-spreading coronavirus drove investors towards the safe-haven metal.
Gold price today: Gold prices in Indian markets rose more than 1 per cent on March 2 after seeing a sharp fall in the previous session. On the Multi Commodity Exchange (MCX), April gold contracts were trading higher by Rs 280, or 0.70 per cent, at Rs 41,677 per 10 gram at 09:20 hours.
Gold prices on Thursday rose by Rs 78 to Rs 43,513 per 10 gram in the national capital on positive global trend as worries over spread of coronavirus raised yellow metal's safe haven appeal, according to HDFC Securities.
For the first time in history, Gold prices have logged life-time high to Rs 43,000 per 10 grams while Silver has touched Rs 48,600 on Thursday.
A major escalation in tensions between the US and Iran - the two biggest oil producing nations - following a US airstrike killing one of Iran's most powerful military commanders, General Qasem Soleimani, has sent global financial markets into a tailspin. While the stock markets have taken a beating, gold, silver and oil prices have jumped sharply.
Spot gold prices for 24 Karat in Delhi was trading marginally down by Rs 30 to Rs 38,955 in absence of festival buying and weak global prices.
Silver was also on weak ground, tumbling Rs 1,400 to Rs 48,500 per kilogram.
The 24-karat gold jumped by Rs 900 to trade at Rs 90,000 per 10 gram against Wednesday's closing price of Rs 89,100 per tola, according to the Karachi Sarafa Association.
Gold prices on Thursday jumped Rs 250 to breach the record Rs 40,000 per 10 gram levels for the first time at the bullion market here on strong demand from investors amid growing fears of a global economic slowdown.
Gold is considered as the best investment for the future. As festivals and wedding season approaches, gold prices are on peak. Well, gold price today is Rs 38,465 per 10g in the national capital. But, do you any idea of gold rates in the neighbouring country Pakistan?
On the Multi Commodity Exchange, gold contracts for July delivery fell by Rs 207, or 0.59 per cent, to Rs 34,925 per 10 gram in a business turnover of 14,737 lots.
Gold prices on Friday plunged Rs 400 to Rs 35,400 per 10 gram in the national capital due to easing demand from local jewellers even as the precious metal gathered steam overseas, according to All India Sarafa Association.
Tracking gold, silver too increased by Rs 710 to Rs 39,060 per kg on increased offtake by industrial units and coin makers.
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