Tag: Gold
13 Results
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Gold remains up; silver at Rs.42,000/kg on global cues
Gold prices on Wednesday rose by Rs.200 to Rs.29,750 per 10 grams at the bullion market here on persistent buying by jewellers boosted by firm global prices of the precious metal. The gold prices have been on the rise since January 28 and have gained Rs.600 since then. Silver also crossed the Rs.42,000 level by...
February 1, 2017 -
Gold slumps to 2-week low, sheds Rs.400 on global weakness
Falling for the second day, gold lost its sheen by plunging another Rs.400 to trade at two-week low of Rs.29,150 per 10 grams on Friday, tracking a weak trend overseas. Moreover, reduced offtake by jewellers owing to slackened demand at the domestic spot market at prevailing level too hit sentiment. Silver cracked below the Rs.41,000-mark...
January 27, 2017 -
Gold slumps to 2-week low, sheds Rs.400 on global weakness
Falling for the second day, gold lost its sheen by plunging another Rs.400 to trade at two-week low of Rs.29,150 per 10 grams on Friday, tracking a weak trend overseas. Moreover, reduced offtake by jewellers owing to slackened demand at the domestic spot market at prevailing level too hit sentiment. Silver cracked below the Rs.41,000-mark...
January 27, 2017 -
Gold, silver decline on weak global cues, slack demand
After two straight days of gains, gold prices on Wedensday plunged by Rs.175 to Rs 29,550 per 10 grams at the bullion market, taking cues from a weak trend overseas and slack demand from local jewellers. Silver also stopped in its tracks after a four-day gaining streak, falling Rs.340 to Rs.41,500 per kg on reduced...
January 25, 2017 -
Gold, silver rebound on global cues
Gold prices rebounded by Rs.235 per ten grams after its three-days slide, at the bullion market on Monday, tracking a firm trend overseas and fresh buying by jewellery stockists to meet wedding season demand. Silver followed suit and rose higher by Rs.465 per kg on increased offtake by industrial units. Standard gold (99.5 purity) jumped...
January 23, 2017 -
Gold extends weakness on muted demand; silver remain up
Extending yesterday's slide, gold prices drifted lower by Rs.55 to Rs.29,575 per 10 grams at the bullion market on Saturday, as slack demand from local jewellers continued despite the metal strengthening overseas. However, silver advanced by Rs.100 to Rs.41,700 per kg due to increased offtake by industrial units and coin makers. Traders said tepid demand...
January 21, 2017 -
Gold climbs Rs.200 on global cues, silver regains Rs.40k mark
Rising for the second straight day, gold prices firmed up by Rs.200 to Rs.28,550 per 10 grams on Wednesday, driven by a firm global trend and increased buying by local jewellers. Silver also regained the Rs 40,000-mark by surging Rs.650 to Rs.40,250 per kg, backed by increased off-take by industrial units and coin makers. Traders...
January 4, 2017 -
Gold begins 2017 on a steady note, silver weakens
Gold prices ended steady at Rs 28,300 per ten grams on the first trading day of 2017 on scattered demand from local jewellers. However, silver declined by Rs 100 to Rs 39,300 per kg owing to reduced offtake by industrial units. Traders said absence of cues from global markets which are closed, mainly kept gold...
January 2, 2017 -
Gold extends losses, down Rs.50 on lacklustre demand
Continuing to spiral downwards, gold prices on Saturday fell by another Rs.50 to Rs.27,800 per 10 grams at the bullion market owing to slackened demand from jewellers. Silver, however, edged up by Rs.10 to Rs.38,810 per kg on scattered enquiries from industrial units. Bullion traders said muted demand from jewellers and retailers at the domestic spot...
December 24, 2016 -
Jewellers shut shops for 15th day
Gold and jewellery establishments in the national capital remained closed for the 15th day on Friday after the Income Tax Department conducted surveys following reports of alleged profiteering and efforts at tax evasion in the wake of government’s demonetisation move. The survey operations were carried out on November 10 in at least four locations in...
November 25, 2016 -
Jewellers shut shops for 12th day after I-T survey
Gold and jewellery establishments in the national capital remained closed for the 12th day on Tuesday after the Income Tax Department conducted surveys following reports of alleged profiteering and tax evasion by traders and other operators in reported conversion of demonetised notes. The survey operations were carried out on November 10 in at least four...
November 22, 2016 -
Bullion traders keep shops shut for 8th day
Gold and jewellery establishments in the national capital remained shut for the 8th day today after Income Tax Department on November 10 carried out surveys following reports of alleged profiteering and tax evasion by traders as government demonetised high value currency note. The survey operations were carried out in at least four locations, including the...
November 18, 2016 -
Jewellery shops remain shut for the 6th day
Gold and jewellery establishments in the national capital remained shut for the 6th day on Wednesday after the Income Tax Department carried out surveys following reports of alleged profiteering and efforts at tax evasion following the government’s demonetisation move. The government last week demonetised high denomination Rs.500/1000 notes to flush out black money. There were...
November 16, 2016