Gold exchange-traded funds witnessed an all-time high net inflow of Rs 1,483 crore in February, as slowdown in global economy amid the coronavirus outbreak led investors to opt for the instrument as a safe haven.
Gold prices on Thursday fell Rs 128 to Rs 44,490 per 10 grams in the national capital though rupee depreciation capped the downside, according to HDFC Securities.
Gold on Wednesday traded down by Rs 516 to Rs 44,517 per 10 gram in the national capital amid appreciation in the value of the rupee.
Market regulator Sebi has revised mutual fund regulations to permit non-bank Sebi-registered custodians to manage gold or gold-related instruments.
Gold prices on Monday fell by Rs 73 to Rs 44,085 per 10 gram in futures trade as participants cut down their positions tracking a weak trend overseas.
Gold on Thursday fell by Rs 157 to Rs 44,250 per 10 gram in the national capital amid muted demand for the precious metal. In the previous trade, it had closed at Rs 44,407 per 10 gram, according to HDFC Securities.
Gold prices on Thursday fell by Rs 132 to Rs 43,437 per 10 gram in futures trade as participants cut down their positions tracking a weak trend overseas.
Gold prices zoomed Rs 1,155 to Rs 44,383 per 10 gram on Wednesday in the national capital with continuous rupee deprecation and strong buying in global safe-haven assets, according to HDFC Securities.
The world's second-biggest consumer of gold, India, imported 46 tonnes of gold in February 2020, as opposed to 77.64 tonnes in Feb 2019.
Gold prices on Tuesday rose marginally by Rs 6 to Rs 42,958 per 10 gram, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 42,952 per 10 gram.
Gold prices jumped by Rs 391 to Rs 42,616 per 10 gram in the national capital on Monday following positive global trend, according to HDFC Securities.
Gold prices on Friday fell by Rs 222 to Rs 43,358 per 10 gram in the national capital in line with weak trend in global markets, according to HDFC Securities. The precious metal had closed at Rs 43,580 per 10 gram in the previous trading session.
Gold prices on Tuesday tumbled by Rs 954 to Rs 43,549 per 10 gram in the national capital on stronger rupee and selling in global market, according to HDFC Securities.
Sonbhadra district of Uttar Pradesh gained sudden prominence after news circulated that the area has a rich vein of gold.
Gold prices on Monday soared Rs 953 to Rs 44,472 per 10 gram in the national capital on weaker rupee and rise in global prices, according to HDFC Securities.
Sonbhadra district of Uttar Pradesh was in news for gold reserves, but about 10,000 villagers of 269 villages here have become disabled due to fluorosis reportedly caused by air and water pollution.
The customs department at Chennai International Airport on Saturday recovered 681 grams of gold, worth Rs 29.4 lakhs from two passengers.
The Geological Survey of India (GSI) is conducting survey in Uttar Pradesh's Sonbhadra to look for uranium, just days after around 3,000 tonnes of gold reserves were found here
Massive reserves of gold from Sonbhadra goldmine can radically alter India's economy.
Locals in Sonbhadra district of Uttar Pradesh woke up to see their town discussed on television channels as the news of massive gold reserve in the hills of Kaimur and Son Pahadi spread.
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