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Monday, January 20, 2020

Gold prices

GOLD PRICES NEWS

GST ministerial panel on gold holds meeting, raises concerns on evasion

January 19, 2020 1:58 am

“Discussions were held on what would be the formula to restore it. Those would continue in the next meeting. Law department would also explain the legal position of the fund settlement,” a state finance minister said.

Gold’s been on a tear this year and 2020 may see more reward

December 10, 2019 4:25 pm

As 2020 looms, BlackRock Inc, the world’s largest money manager, remains constructive on bullion as a hedge, while Goldman Sachs Group Inc and UBS Group AG see prices climbing to $1,600 an ounce -- a level last seen in 2013.

Gold price at Rs 38,470, retouches all-time high

August 13, 2019 3:17 am

Globally, spot gold was up 0.6 per cent at $1,505.26 per ounce at 12:04 pm EDT (1611 GMT), holding close to last week’s more than six-year high of $1,510.

All-time high: Gold surges Rs 1,113 to Rs 37,920 per 10 gram

August 08, 2019 3:15 am

Globally, gold soared more than 2 per cent on Wednesday to breach the $1,500 ceiling for the first time in over six years.

Explained: Why gold prices in India are headed north

July 11, 2019 8:14 pm

In India, the gold prices also witnessed a spurt following the government’s Budget announcement to hike the customs duty on Gold import from existing 10 per cent to 12.5 per cent.

India raises taxes on Gold for the first time in six years

July 05, 2019 3:19 pm

The import tax on gold and other precious metals will be raised to 12.5% from 10%, Finance minister Nirmala Sitharaman said while presenting the federal budget for the year through March 31, 2020.

Gold futures gain 1.05% on spot demand

July 03, 2019 7:05 pm

On the Multi Commodity Exchange, gold for delivery in August contracts moved up by Rs 358, or 1.05 per cent, to Rs 34,400 per 10 gram in a business turnover of 17,270 lots.

Gold prices fall by Rs 100 on easing demand

June 24, 2019 4:27 pm

In the national capital, gold of 99.9 per cent and 99.5 per cent purity fell by Rs 100 each to Rs 34,270 and Rs 34,100 per 10 gram, respectively. Meanwhile, silver ready gained Rs 90 to Rs 39,090 per kg, while weekly-based delivery gained Rs 144 to Rs 38,098 per kg.

Trade war talk pushes gold prices higher

March 02, 2018 9:40 pm

US President Donald Trump's decision on Thursday to place tariffs on imports of aluminium and steel raised fears of retaliation by other nations and knocked the dollar from a six-week high, making dollar-denominated gold cheaper for users of other currencies.

Gold steady near 7-week high on struggling dollar

August 01, 2017 10:55 am

The dollar inched up but still hovered near a two and a half year low versus the euro on Tuesday. Its outlook remained clouded by US political turmoil and doubts about whether there will be another Federal Reserve rate hike this year.