Gold heading towards Rs 45,000 per 10 grams level amid volatility in global markets

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Volatility in the global markets has once again brought gold back in focus, with the price of the yellow metal rising sharply worldwide. In India, it is approaching the Rs 45,000-level. This is a boon for investors holding gold exchange-traded funds and sovereign gold bonds (SGBs). At present, it is perhaps the only instrument to be providing […]

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Gold prices shoot up by Rs 1,395 to Rs 41,705 per 10 grams; silver rises by Rs 2,889 to Rs 38,100 a kilo

Gold prices jumped Rs 1,395 to Rs 41,705 per 10 gram yesterday (Friday), following rally in the international prices of the precious metal. On Thursday, the precious metal had closed at Rs 40,310 per 10 gram. Meanwhile, silver prices advanced Rs 2,889 to Rs 38,100 per kg against the previous close of Rs 35,211 per kg. In the international […]

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With low consumer demand, jewellers in India feel squeezed over advance tax payments

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High volatility in gold prices have dealt a double blow to jewellers as consumers are staying away from visiting shops because of the coronavirus spread. This has reduced discretionary spending as it rendered jewellery sales to almost a standstill. Also, advance tax payment has put them under pressure, reports Business Standard. Prices continued to fall almost the entire last […]

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Gold, base metals, crude oil jump on US Fed’s surprise interest rate cut

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Base metals’ prices jumped by 1-2 per cent on Wednesday after the United States Federal Reserve (US Fed) announced a 50 basis points (bps) emergency interest rate cut. The Fed also confirmed high downside risk for the global economy as a result of increasing number of coronavirus (COVID-19) cases across the world. Gold and silver price increased […]

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India’s January gold imports plunge 48% to four-month low: Report

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India’s gold imports in January plunged 48% from a year earlier to their lowest level in 4 months as a rally in local prices near record highs prompted buyers to curtail purchases, Reuters reported ascribing the news to a government source. India, the world’s second-biggest buyer of gold imported 36.26 tonnes in January, compared with […]

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