Gold prices

Gold prices News

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

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

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

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Explained: Why gold prices in India are headed north

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

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

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

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.

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Trade war talk pushes gold prices higher

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

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.

Gold futures fall by Rs 94 on weak global cues

Gold futures fell Rs 94 to Rs 28,384 per 10 gm today as participants trimmed their positions after a decline in global prices of the precious metal. The August contract of gold fell by Rs 94 or 0.33 percent lower at Rs 28,384 per 10 gm.

Gold hits four-week high amid Brexit worries

Spot gold was nearly flat at USD 1,273.36 an ounce, whereas the price of gold in the US was up 0.1 percent at USD 1,276.50.

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