Gold
Gold Drops by Rs 50 to Rs 77,750 per 10 gm; Silver Rises by Rs 1,200
On Tuesday, the yellow metal of 99.9 per cent purity had closed at Rs 77,800 per 10 grams.
Gold Prices Drop to Rs 77,000 per 10 Grams; Silver Falls Below Rs 91,000 per Kg
According to IBJA, 24-carat gold prices dropped to Rs 77,030 per 10 grams. 22-carat gold price stands at Rs 75,180 per 10 grams and 20-carat gold is available at Rs 68,550 per 10 grams.
India's Forex Reserves Reach $684.8 Billion as Gold Reserves Increase
The central bank said the gold reserves, that are a part of the foreign exchange kitty, had increased to $68.53 billion in the week ended 5 May from $67.45 billion.
India's Foreign Exchange Reserves Reach $688 Billion as Gold Reserves Increase
In addition, gold now serves as a safe haven against US economic sanctions. Historically, gold is a safe haven asset and has served as a hedge against inflation. And yet, gold has risen to unprecedented levels even though inflation continues to be subdued.
Survey Reveals 7 Out of 10 Indians View Gold as a Safe Asset
As per the Moneyview survey, "over 85 per cent of the 3,000 respondents consider gold a valuable asset for wealth preservation, with its intrinsic value and historical performance continuing to drive consumer confidence.".
Gold's Share in India's Forex Reserves Rises Over 209% Since 2018
India's gold reserves stand at $65.76 billion as on October 4, compared to $21.15 billion as on December 7, 2018, according to the data made available by the Reserve Bank of India (RBI). Shaktikanta Das assumed the RBI office in December 2018.
Gold Prices Surge Amid Rising Tensions in the Middle East
Gold prices increased minimally on Saturday as the price of 24 carat gold closed morning trade at Rs 7,785.3 per gram, up by Rs 120 on the previous day. The price of 22 carat gold has risen by Rs 110 to Rs 7,138.3 per gram.
India's Gold Demand Up 8% in Jan-March Despite Price Hikes
Jewellery demand in India grew a modest 4% to 95.5 tons, up from 91.9 tons, while investment demand, including bars, coins and others, spiked 19% to 41.1 tons from last year's 34.4 tonnes.
Gold Prices Reach Unprecedented Heights in Seventh Consecutive Surge
At the start of morning trading, gold futures contracts for June 2024 on the MCX opened at Rs 69,868 per 10 gm. However, propelled by news of gold reaching $2,323.70 per ounce in the global market, prices quickly soared to Rs 69,908 per 10 gm level.
Gold Prices Reach New Record Peak: Surges Rs 800 to Rs 65,000 per 10 Grams
In the preceding session, the precious metal had concluded at Rs 64,200 per 10 grams. Meanwhile, silver surged Rs 900 to Rs 74,900 per kilogram from its previous settlement at Rs 74,000 per kilogram.
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