gold market
What’s the outlook for trading gold in 2023? Here’s XM’s analysis
For gold to resume its journey back to record highs, it would probably require recession concerns to resurface.
India to issue sovereign gold bonds at 2.5% interest rate
The bonds will be issued in six tranches until September, and will be sold through banks and designated post offices
India's March gold imports hit 6.5 year low
The world’s second biggest consumer of the precious metal imported 25 tonnes of gold in March, down from 93.24 tonnes a year ago
Gold prices rise by Rs 135 to Rs 28,328 per ten gram
Gold for delivery in August was trading higher by Rs 121, or 0.43 per cent, at Rs 28,117 per ten gram in a turnover of 8,854 lots.
Gold slumps to Rs 27,711 per 10 grams on weak global cues
A strong jobs data raised hopes for higher US interest rate this year, eroding demand for investment in gold.
Gold prices slump by Rs 98 amid weak global trends
Gold prices in global market retreated as much as 0.39 per cent to USD 1,220.20 an ounce in Singapore.
Gold prices shoot up to Rs 28,172 per 10 grams
Gold prices shot up by Rs 65 on Thursday as speculators created positions amid positive global cues.
Gold prices fall for 3rd day to Rs 29,220 per 10 grams
In the national capital, gold of 99.9 per cent and 99.5 per cent purity drifted further lower by Rs 90 each.
Gold futures rise by Rs 33 to Rs 28,600 per 10 grams
Meanwhile, gold rose 0.23 per cent to USD 1,252.17 an ounce in Singapore today.
Gold futures drop by Rs 51 to Rs 28,639 per 10 gm
Gold futures often drops when rates rise as some investors back away from the metal because it does not pay the expected interest.