The price of 22-carat gold also declined by Rs 10, with ten grams of the yellow metal selling at Rs 79,390
Trump last week threatened China with an extra 10 per cent duty, set to take effect on Tuesday, resulting in a cumulative 20 per cent tariff
The price of 22-carat gold also declined by Rs 10, with ten grams of the yellow metal selling at Rs 79,390
The price of ten grams of 24-carat gold in Mumbai, Kolkata, and Chennai stood at Rs 87,370
Spot gold fell 1.2 per cent to $2,880.79 an ounce by 0910 GMT, its lowest since February 17. Prices hit a record peak of $2,956.15 on Monday, driven by safe-haven flows
The price of 22-carat gold also declined by Rs 10, with ten grams of the yellow metal selling at Rs 80,490
Investors' focus was also on the US Personal Consumption Expenditures (PCE) report, the Federal Reserve's preferred inflation gauge, due on Friday
The price of 22-carat gold climbed Rs 10, with ten grams of the yellow metal selling at Rs 80,760
Gold prices jumped by Rs 250 to Rs 89,350 per 10 grams on Tuesday extending gains for the second day amid depreciation in rupee, according to the All India Sarafa Association. The gold of 99.5 per cent purity rose by Rs 250 to Rs 88,950 per 10 grams from the previous close of Rs 88,700 per 10 grams. On February 20, gold of 99.9 per cent and 99.5 per cent purity hit all-time highs of Rs 89,450 and Rs 89,050 per 10 grams, respectively. However, silver prices slipped below the Rs 1 lakh mark, falling by Rs 500 to Rs 99,500 per kg. "Silver fell due to weakness in the industrial metals and rebound in the dollar index. Global equity markets are also struggling due to Trump's tariff fears and pressure on industrial metals but reversal in the US Treasury yields could support silver prices at lower levels," Rahul Kalantri, VP Commodities at Mehta Equities Ltd, said. On Tuesday, the rupee fell sharply by 51 paise to settle at 87.23 (provisional) against the US dollar due to month-end dollar
The price of 22-carat gold climbed Rs 10, with ten grams of the yellow metal selling at Rs 80,560
US President Donald Trump, on Monday, confirmed that tariffs on imports from Canada and Mexico will proceed as planned once the monthlong delay ends next week
India's gold imports in February are likely to fall to around 15 metric tonnes, the lowest for the month in at least two decades, from 103 tonnes in February, 2024
The precious metal's rally is expected to persist as safe-haven demand remains strong, with central banks worldwide continuing to accumulate gold to hedge against economic volatility
The price of 22-carat gold declined Rs 10, with ten grams of the yellow metal selling at Rs 80,440
At 7:06 AM, GIFT Nifty Futures were trading 139 points lower at 22,684, hinting at a gap-down start for the bourses
The global economy is weak and supply-chain issues that started with the pandemic have been exacerbated by the Ukraine war and turmoil in West Asia. As a result, there's been inflation
The price of 22-carat gold declined Rs 10, with ten grams of the yellow metal selling at Rs 80,240
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 80,710
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 80,360
Gold price jumped by Rs 900 to revisit the all-time high of Rs 89,400 per 10 grams in the national capital on Wednesday amid strong global trends, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 88,500 per 10 grams in the previous trading session. On February 14, it rallied by Rs 1,300 to hit a lifetime high of Rs 89,400 per 10 grams in the local markets. So far this year, price of gold has surged Rs 10,010 or 12.6 per cent to Rs 89,400 per 10 grams as compared to Rs 79,390 grams on January 1. Additionally, the yellow metal of 99.5 per cent purity rallied by Rs 900 to reclaim its all-time high level of Rs 89,000 per 10 grams. It had closed at Rs 88,100 per 10 grams in the previous session. According to experts, gold extended its gain on Wednesday, buoyed by safe haven demand and persistent buying amid President Trump's new tariff threats, combined with rising geopolitical uncertainty. Silver price also increased by Rs 600