2017 September

Gold, silver drop in morning trade

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On September 18, 2017

Gold was trading in red in morning trade following firm dollar and rising equity markets. Hopes of monetary policy tightening ahead of the US Federal Reserve meeting further weighed on metal Gold, silver drop. MCX Gold was down 0.41 percent, or Rs 122, at Rs 29,734 per 10 gram 10.45

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Gold retreats further, holds weaker around $1325 level

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On September 12, 2017

Gold extended its profit taking the slide from its highest level in over a year and traded with mild negative bias through early  Gold retreats Asian session on Tuesday. Improving investors' risk appetite, on fading worries over geopolitical tensions surrounding North Korea and weaker-than-expected Hurricane Irma drove investors away from traditional

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Gold retreats from 1-year high as dollar gains ground

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On September 11, 2017

Mumbai:  Gold retreats fell early on Monday after hitting its highest level in over a year in the previous session, with a recovery in the US dollar reining in any upward momentum in the metal. Spot gold was down 0.7 per cent at $1,337.00 an ounce by 0053 GMT. It hit

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Gold loan companies see return on assets soar to 2012 levels

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On September 8, 2017

Gold loan finance companies have seen return on assets rise to 2012 levels of around 4 per cent in financial year 2016-17 because the lenders moved to periodic collection of interest on the loans and lowered product tenures, ratings agency Crisil BSE 0.60 % stated in a note. "Profitability of

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Gold Prices Breaks above $1,300; should we take contrarian call?

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On September 7, 2017

Gold Prices Breaks have hit 100-month high as North Korea has confirmed to have tested a new, more powerful, nuclear weapon. One of the contributing factors that have pushed gold above its resistance of $1,300 is the heightening tension between North Korea and US. In 2017, Gold had failed to

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Gold rises on positive global cues

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On September 6, 2017

Gold prices trading higher by Rs. 31 at Rs. 30,419 per 10 grams in futures trade today as speculators raised bets amid a firm global trend. At the Multi Commodity Exchange, gold for delivery in far—month December was trading higher by Rs.31, or 0.10 per cent, to Rs. 30,419 per 10 grams in a business turnover of

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