Gold prices firm up amid rising Iran-Israel tensions
Gold futures, maturing on June 5, 2024, stood at Rs 72,813 per 10 grams on the MCX, up Rs 536 or 0.74 per cent from the previous day’s close of Rs 72,277.
Gold futures, maturing on June 5, 2024, stood at Rs 72,813 per 10 grams on the MCX, up Rs 536 or 0.74 per cent from the previous day’s close of Rs 72,277.
The risk on trade in global markets is witnessing a huge rally in equities as well as gold.
The price of gold went up on MCX on Wednesday with gold for June 5 delivery traded 0.44 per cent higher at Rs 71,652 per 10 grams at around 11:30 a.m.
In a display of sheer determination and skill, Malaysia dominated the proceedings, clinching an impressive five gold medals along with two silver and one bronze.
With the consecration, there are multiple investment avenues opened for the citizens.
The global demand for gold fell by 6 per cent to 1,147.5 tonnes during the third quarter of 2023 amid slowing demand for bars and coins and reduced buying from central banks
With this India’s tally in the championship currently includes one gold, one silver and one bronze.
It is worth highlighting that India is the biggest importer of gold in the world. According to the data by the Ministry of Commerce, gold worth USD 22.25 billion was imported in April-September 2023 which is 10 per cent more than a year ago
Emkay Wealth Management expects gold prices to remain at USD 1,990 and USD 2,030 levels.
Hyderabad Customs officials at Rajiv Gandhi International Airport seized 454 grammes of gold valued at Rs 26.64 lakhs in two separate cases, an official said on Sunday.