Futures contracts of gold continued to surge on the Multi-Commodity Exchange (MCX) on Thursday and hit a new high of Rs 47,000 per 10 gram. Currently, the June contract of gold on MCX is at Rs 46,975 per 10 gram, higher by 0.57 per cent from its previous close.
Gold prices on Monday rose 1.01 per cent to Rs 40,765 per 10 gram in futures trade as speculators were indulged in creating fresh positions amid a firm global trend.
Gold prices in India opened higher on Friday on the Multi Commodity Exchange (MCX) tracking gains in international prices. However, it still remained significantly off their recent highs.
Gold prices futures fell below Rs 40,000 per 10 gram on Tuesday in domestic markets after a sharp drop over the past few sessions amid coronavirus pandemic. On MCX, April gold was up 0.13% to ₹39,570 per 10 gram after falling about ₹850 in the previous session.
Gold prices on Tuesday tumbled by Rs 954 to Rs 43,549 per 10 gram in the national capital on stronger rupee and selling in global market, according to HDFC Securities.
Gold prices in India fell on Tuesday on profit-taking after rising for five days in a row, tracking a decline in global rates. On the Multi Commodity Exchange, April Gold prices declined 1.34% or ₹584 to ₹42,996 per 10 gram after the yellow metal hit a seven-year high in the previous session.
Gold prices on Monday jumped Rs 401 to Rs 43,067 per 10 gram in futures trade as speculators increased their bets tracking positive trend overseas.
Gold prices declined by Rs 281 to Rs 41,748 per 10 gram in the national capital on Monday, in line with the fall in global rates, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 42,029 per 10 gram.
Gold prices on Tuesday rose by Rs 203 to Rs 40,150 per 10 gram in futures trade as speculators widened their bets in line with positive overseas trend. On the Multi Commodity Exchange, gold contracts for February traded higher by Rs 203, or 0.51 per cent, to Rs 40,150 per 10 gram in a business turnover of 1,873 lots.
Gold prices touched a new high of Rs 35,970 per 10 gram in the national capital after gaining Rs 100 on Monday due to continued buying from jewellers, according to the All India Sarafa Association.
Modi Government has launched Sovereign Gold Bond (SGB) under which you will get gold at a cheaper rate as compared to the market price. The price of one gram gold has been kept at Rs 3,443. Notably under this instead of gold, one will get bond of the gold purchased issued by the RBI bank.
The gold industry on Friday unanimously slammed the steep hike in import duty of gold and precious metals from 10 per cent to 12.5 per cent, saying it will backfire and hit the Indian retail market.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity dropped by Rs 70 each to Rs 33,420 per 10 gram and Rs 33,250 per 10 gram, respectively.
Gold prices reclaimed the Rs 30,000-level with a jump of Rs 100 to trade at a three-week high of Rs 30,075 per 10 grams today.
Important stories of the day
Mumbai: Snapping a two-session downtrend, gold prices staged a modest rebound at the domestic bullion market here due to renewed demand from jewellery stockists and retailers, supported by firm overseas sentiment.Elsewhere, silver also recouped some
Mumbai: Gold prices bounced back at the domestic bullion market here on renewed offtake from jewellery traders and retail consumers amidst good local buying interest ahead of the year-end festivities and wedding season. Elsewhere, silver
Mumbai: Gold prices strengthened further at the domestic bullion market today on sustained demand from jewellery stockists amid strong retail off-take on the face of a traditionally buying season ahead. Silver, on the other hand,
Mumbai: Snapping its four-day rising streak, gold prices declined at the domestic bullion market due to reduced offtake by jewellery stockists as well as poor local buying support at existing levels.An overnight sharp fall in
Mumbai: Gold continued its southward journey for the fourth straight session at the domestic bullion market due to reduced demand from jewellery stockists and retailers. Elsewhere, silver took a major bearish hit and plunged below
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