Leading stock exchange BSE will introduce liquidity enhancement scheme (LES) in two options contracts -- gold mini and silver kilo -- from July 6, a move aimed at boosting trade in these products.
Gold prices rose marginally by Rs 18 to Rs 48,220 per 10 gram in the national capital on Wednesday, according to HDFC Securities.
Gold in the national capital rose by Rs 761 to Rs 48,414 per 10 gram on Tuesday in-tandem with spike in international prices of the precious metal and rupee depreciation, according to HDFC Securities.
Gold prices fell by Rs 380 to Rs 47,900 per 10 gram in the national capital on Monday following decline in global prices, according to HDFC Securities.
Over a hundred packets of gold items have allegedly gone missing from State Bank of India's (SBI) station road branch here, a police official saidon Friday.
India's gold imports contracted for the fifth consecutive month in a row, falling by about 100 per cent to USD 2.83 million in April due to the lockdowns imposed globally on account of coronavirus outbreak.
Gold futures on Thursday fell 0.75 per cent to Rs 46,776 per 10 gram as participants offloaded their holdings following weak trend overseas.
The issue price for the next tranche of Sovereign Gold Bonds has been fixed at Rs 4,590 per gram of gold, the Reserve Bank of India said in a statement on Friday.
India's gold imports witnessed a steep decline by 99.99 per cent in April (year-on-year basis), the lowest in three decades as the country went through a lockdown to check the spread of coronavirus, news agency Reuters reported
With jewellery shops shut due to the lockdown to control coronavirus, the demand for gold on auspicious Akshaya Tritiya is estimated to plunge by around 95 per cent and only negligible sales happening through digital mode.
Akshaya Tritiya is a yearly festival that signifies the arrival of the spring. However, this year buying gold on occasion of Akshaya Tritiya 2020 is not the usual affair as the country undergoes a nationwide lockdown amid coronavirus pandemic. If you are planning to buy gold, you can buy it online. SBI, HFDC and other banks are offering gold online.
Investors infused over Rs 1,600 crore in gold exchange-traded funds (ETFs) in 2019-20, after pulling out money for the last six financial years, as the coronavirus outbreak spurred safe-haven buying.
Riding positive indicators from markets abroad, gold traded on a new record high on the futures trade market in India.
Gold prices on Wednesday rose Rs 292 to Rs 41,671 per 10 gram in futures trade as speculators were indulged in creating fresh positions even as the metal lost steam overseas.
Gold futures on Tuesday fell by 0.93 per cent to Rs 40,779 per 10 gram as participants trimmed their positions even as the metal gained overseas.
Gold prices on Friday jumped Rs 1,395 to Rs 41,705 per 10 gram in the national capital following rally in the international prices of the precious metal, according to HDFC Securities.
Gold prices on Wednesday rose by Rs 311 to Rs 40,241 per 10 gram in the national capital amid rupee depreciation and higher buying, according to HDFC Securities.
Gold futures rose moderately on Wednesday's session as the market rebounds in the opening session after investors shifted to haven assets in a risk-off environment amid rising coronavirus cases across the world, including India.
Gold rate today: Gold on Tuesday went lower by Rs 80 to Rs 39,719 per 10 gram in the national capital following weak global cues and rupee appreciation, according to HDFC Securities.
Gold prices on Monday jumped by Rs 455 to Rs 41,610 per 10 gram in the national capital amid rupee depreciation and recovery in global prices, according to HDFC Securities.
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