Gold prices plummeted by Rs 5,000 per 10 grams following the government's budget announcement to reduce the basic customs duty on gold. This 7% drop is expected to benefit the organized jewellery sector and curb smuggling, encouraging more investments in gold.
Gold prices on Monday fell by Rs 233 to Rs 41,565 per 10 grams in the national capital on weakness in the global market, according to HDFC Securities.
Gold prices on Monday fell Rs 236 to Rs 40,432 per 10 gram in the national capital on global selling and stronger rupee, according to HDFC Securities. The precious metal had closed at Rs 40,668 per 10 gram in the previous trade.
Gold prices plummeted by Rs 766 to Rs 40,634 per 10 gram in the national capital on Thursday amid a stronger rupee and weak global trends, according to HDFC Securities. Tracking weakness in gold, silver prices also tumbled Rs 1,148 to Rs 47,932 per kg from Rs 49,080 per kg in the previous trade.
At the Multi Commodity Exchange, gold prices for delivery in October fell by Rs 326, or 0.82 per cent, to Rs 39,497 pe 10 gram in a business turnover of 1,798 lots.
Analysts said fall in gold prices was mainly due to trimming of positions by participants. Besides, weak trend overseas influenced the sentiment, they added
Gold prices fell by Rs 29 to Rs 34,992 per 10 gram in futures trade Wednesday as speculators reduced exposure in tandem with a muted trend in the precious metal overseas.
Gold prices Monday fell by Rs 100 to Rs 33,620 per 10 gram in the national capital due to subdued demand from local jewellers and a weak trend overseas, according to the All India Sarafa Association.
New Delhi, Apr 16 : As gold futures tumbled by more than $ 90 an ounce on the world market on Monday, in India, gold futures traded at Rs 27,100 per 10 gm on Monday
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