2017 January

MMTC plans auction of gold collected through monetisation scheme

MMTC Ltd, the country’s largest foreign trading company, plans to import Rs8,000 crore worth of gold in 2017-18 on the back of government action to restrict unofficial gold imports. “We have clocked Rs5,000 crore gold imports till December of the current fiscal year. In the last two months, the government

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Gold up on weak dollar, sluggish US economic data

Gold prices edged up on Monday, propped up by a weaker dollar and sluggish economic data from the United States, while the Lunar New Year holiday in Asia was seen limiting the gains. Spot gold was trading up 0.2 per cent at $1,193.70 per ounce by 0029 GMT. US gold

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Gold prices drop for the first time in 2017

Gold prices in Indian markets fell for the first time this year on Friday. The price of the yellow metal of 24 carat purity was hovering around Rs 29,000 per 10 grams on Friday as against the previous Rs 29,400. “Actually the price started falling in the global markets yesterday

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Gold near 2 week lows on dollar strength

Gold on Friday held near two-week lows hit in the previous session as the dollar regained ground, with selling ahead of the Lunar New Year holidays adding pressure and leaving the metal on track to record its first weekly loss since late December. Spot gold prices were down 0.3 per

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Gold prices slip on technicals

Gold slipped on Wednesday in a technical correction following an 8 per cent rally since mid-December that was stoked by fear about US President Donald Trump's protectionist trade policies. Spot gold prices dipped 0.3 perc ent to $1,204.80 per ounce at 0416 GMT. US gold futures slipped 0.5 per cent

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Gold, silver trade flat in early trade; sell white metal with stop loss of Rs 42,100/kg

Gold and silver on the Multi Commodity Exchange (MCX) were trading on a flat note on Tuesday following lacklustre demand for precious metals from jewellers, traders and industries. The yellow metal was down 0.06 per cent or Rs 18, at Rs 28,768 per 10 gram around 10.10 am (IST), while

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Bullion India's new scheme: You can now invest in gold with just Rs 300

Finkurve Financial Services Ltd, a non-banking finance company promoted by Bullion India, is planning to introduce the smallest systematic investment plan (SIP), akin to the gold accumulation scheme, to tap the last man in the value chain with potential to invest in gold.   Proposed to be launched after the

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Gold rises to 2-month high on Trump’s policy uncertainty

Gold prices rose on Monday to the highest in two months as investors sought safer assets amid uncertainty around the economic policies of new US President Donald Trump and as the dollar declined against other major currencies. Spot gold rose 0.7 per cent to $1,217.81 per ounce by0303 GMT. It

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Global gold prices under pressure as Fed’s Janet Yellen backs gradual rate hikes

Gold prices edged down on Thursday on a strong dollar after US Federal Reserve chairwoman Janet Yellen advocated lifting US interest rates gradually. Spot gold was down 0.1% to $1,202 per ounce by 9.05am, after dropping to as much as $1,197.31. The bullion hit an eight-week high of $1,218.64 on

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Gold holds near 8-week high as Trump policy concerns hit dollar

Gold prices on Wednesday held near eight-week highs hit in the previous session on uncertainty over US president-elect Donald Trump's economic plans, after the dollar slid on his comments that the strong greenback was "killing us" FUNDAMENTALS * Spot gold was firm at $1,216 per ounce by 0110 GMT. Bullion

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