According to ANZ Bank strategists, the price of gold has dropped below $1,850, which is the lowest it has been since early January.
Gold futures on the Multi-Commodity Exchange (MCX) reached a new record level on Wednesday as it neared the Rs 55,000 mark. The October contract of gold on the MCX touched an all-time high of Rs 54,910 per 10 gram. It is currently trading at Rs 54,848, higher by Rs 297 or 0.54 per cent from its previous close.
Gold prices on Monday rose 1.01 per cent to Rs 40,765 per 10 gram in futures trade as speculators were indulged in creating fresh positions amid a firm global trend.
Gold prices in India opened higher on Friday on the Multi Commodity Exchange (MCX) tracking gains in international prices. However, it still remained significantly off their recent highs.
Gold prices futures fell below Rs 40,000 per 10 gram on Tuesday in domestic markets after a sharp drop over the past few sessions amid coronavirus pandemic. On MCX, April gold was up 0.13% to ₹39,570 per 10 gram after falling about ₹850 in the previous session.
Gold prices on Monday jumped Rs 401 to Rs 43,067 per 10 gram in futures trade as speculators increased their bets tracking positive trend overseas.
Gold prices declined by Rs 281 to Rs 41,748 per 10 gram in the national capital on Monday, in line with the fall in global rates, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 42,029 per 10 gram.
Gold prices on Tuesday rose by Rs 203 to Rs 40,150 per 10 gram in futures trade as speculators widened their bets in line with positive overseas trend. On the Multi Commodity Exchange, gold contracts for February traded higher by Rs 203, or 0.51 per cent, to Rs 40,150 per 10 gram in a business turnover of 1,873 lots.
Gold prices touched a new high of Rs 35,970 per 10 gram in the national capital after gaining Rs 100 on Monday due to continued buying from jewellers, according to the All India Sarafa Association.
The gold industry on Friday unanimously slammed the steep hike in import duty of gold and precious metals from 10 per cent to 12.5 per cent, saying it will backfire and hit the Indian retail market.
New Delhi : Snapping a three-day rising streak, gold prices tumbled by Rs 340 to Rs 28,760 per 10 grams in the national capital today on selling by stockists against fall in demand at prevailing
New Delhi: Gold prices today surged by Rs 605 to hit one-month high of Rs 28,625 per ten gram in the national capital, recording the biggest single-day gain this year, after the precious metal posted
Top News
Latest News
