2017 August

Gold jumps to Rs. 30,450 silver recaptures Rs. 41K-mark

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On August 31, 2017

Gold Price Jumps  soared Rs. 550 to Rs. 30,450 per ten gram at the bullion market today after North Korea fired a missile over Japan, deepening the tension between Pyongyang and the US. Silver followed suit to recapture the Rs. 41,000-mark by climbing Rs. 900 to Rs. 41,100 per kg on increased off take by industrial units and coin makers.

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Gold and silver inch higher in early trade

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On August 29, 2017

Gold and silver were trading higher in early trade on Monday on account of buying in precious metals by jewellers, investors and industries. MCX Gold was up 0.13 per cent, or Rs 39, at Rs 29,206 per 10 gram around 10.30 am (IST), while MCX Silver was up 0.29 per cent, or Rs

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Here are the 3 things that will drive gold higher

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On August 28, 2017

Gold higher has surged more than 12 percent this year, and Ex-ante Data founder Jens Nordvig says there are three main macroeconomic trends that are behind the rally. "I would say it's the low-yield environment, the trend of the dollar and strong growth in emerging markets [that are driving gold],"

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Gold, silver slip in morning trade

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On August 22, 2017

Gold prices inched down on Tuesday following an uptick in the dollar. MCX Gold was trading 0.36 per cent, or Rs 105, down at Rs 29,178 in early trade. Market participants are also zeroing in on unrest between US and North Korea amid some caution ahead of an annual central

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Gold prices steady, but off 9-month highs as dollar firms

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On August 21, 2017

Gold prices steady early on Monday as the dollar firmed, with the precious metal trading below an intra-day nine-month high hit on Friday when political and security concerns jangled investors' nerves and stoked demand. Spot gold was nearly unchanged at $1,283.30 an ounce by 0111 GMT, after surging to its

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Gold imports jump over 2-fold to $13.35 bn in April-July

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On August 16, 2017

India’s gold imports more than doubled to $13.35 billion during the April-July period of the current fiscal, according to the data of the Commerce Ministry. Gold imports, which has bearing on the country’s current account deficit (CAD), stood at $4.97 billion in April-July 2016-17. In July this year, imports of

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India’s gold imports to rebound in 2017 on restocking, good monsoon

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On August 14, 2017

India's gold imports are likely to jump by a third in 2017 to 750 tonnes on restocking by jewellers and as good monsoon rainfall is expected to boost demand in rural areas during the upcoming festive season, a leading refiner told Reuters. Higher imports by the world's second biggest consumer will

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Gold, silver up on safe-haven demand

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On August 11, 2017

Gold silver Safe haven demand triggered by rising tension on the Korean peninsula kept gold prices on a high on Thursday. MCX Gold was trading 0.25 per cent up at Rs 28,915 per 10 gram around 10.45 am (IST). White metal silver was also trading in green at around the same time. MCX Silver

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Gold surges to Rs 29,550; silver reclaims Rs 39,000-mark

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On August 10, 2017

Gold Silver prices surged Rs 200 to Rs 29,550 per 10 grams at the bullion market today, taking positive leads from global markets amid increased buying by local jewellers. Silver also reclaimed the Rs 39,000-mark by surging Rs 1,130 to Rs 39,500 per kg on increased offtake by industrial units

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Gold finishes slightly higher, avoids 4-session skid

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On August 9, 2017

Gold prices higher ended mostly flat but in positive territory on Monday, an advance that was sufficient to end a stumble for the yellow metal at three sessions. December gold futures GCZ7, +0.63% gained 10 cents, or less than 0.1%, to settle at $1,264.70 an ounce. September silver SIU7, +0.71% meanwhile, lost

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