Page 7 - Gold Trade

Gold down by Rs 10, silver declines Rs 1,000, trading at Rs 73,500/kg

The price of 22-carat gold declined by Rs 10 with the yellow metal selling at Rs 57,990

Gold price rises Rs 170 to Rs 63,440, silver declines Rs 200 to Rs 76,300

The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 63,440

Gold, silver prices unchanged; precious metal trading at Rs 63,380/kg

The price of 22-carat gold remained stable, with the yellow metal selling at Rs 58,100

Gold, silver prices unchanged; precious metal trading at Rs 63,270/kg

The price of 22-carat gold remained stable, with the yellow metal selling at Rs 58,000

Global gold demand down 5% in 2023 on continuing ETF outflows: WGC Report

Global gold demand declined 5 per cent to 4,448.4 tonnes in 2023, compared to the previous year, mainly due to continuing Exchange-Traded Fund (ETF) outflows, according to the World Gold Council (WGC) report. The overall global gold demand was 4,699 tonnes in 2022, according to WGC's Gold Demand Trends report 2023. According to the report, global gold ETFs saw a third consecutive annual outflow, losing 244.4 tonnes compared to 109.5 tonnes in 2022. Losses were most marked in Europe, where holdings fell by 180 tonnes - the worst annual performance since 2013. The pace of outflows slowed markedly into year-end, but October's hefty outflows dominated the fourth quarter (October-December), it added. Outflows from European funds have continued in the opening weeks of 2024, and North American-listed funds have resumed their decline after a two-month respite in November and December, the report said. Strong equity performance and continually shifting expectations surrounding the timing

Gold price climbs Rs 220 to Rs 63,270, silver rises Rs 300 to Rs 76,500

The price of 22-carat gold jumped Rs 200, with the yellow metal selling at Rs 58,000

Gold price rises Rs 100 to Rs 63,050, silver jumps Rs 200 to Rs 76,200

The price of 22-carat climbed Rs 100, with the yellow metal selling at Rs 57,800

Gold falls Rs 50, silver jumps Rs 700; yellow metal trading at Rs 62,950

The price of 22-carat gold witnessed a fall of Rs 50, with the yellow metal selling at Rs 57,700

Gold price remains unchanged, silver declines Rs 500 to Rs 75,000

The price of 22-carat gold remained stable, with the yellow metal selling at Rs 57,800

TMS Ep601: Reliance's GenAI, global trade in 2024, markets, Congress's NYAY

Why does Reliance want to launch its own GenAI? Can this election year change global trade? Can gold deliver double-digit returns in 2024? What is the Congress party's NYAY promise? Answers here

Gold rises Rs 110, silver slumps Rs 300, trading at Rs 79,200 per kg

The price of 22-carat gold was up by Rs 100, with the yellow metal selling at Rs 58,500

Gold price unchanged at Rs 63,490, silver rises Rs 200 to Rs 79,200

The price of 22-carat gold was also unchanged at Rs 58,200

Gold, silver prices unchanged; yellow metal trading at Rs 63,490 per 10g

The price of silver also remained unchanged with one kilogram of the precious metal selling at Rs 79,000

Potential rate cuts by US Fed in 2024 to drive next rally in gold

Be prepared for volatility in first half; use corrections to build a 10-15 per cent allocation

Gold price dips Rs 110, silver falls Rs 700, trading at Rs 75,000 per kg

The price of 22-carat gold fell Rs 100, with the yellow metal selling at Rs 56,650

With both stocks and gold on fire, is yellow metal the new multi-bagger?

Geopolitical factors, de-dollarization, inflation hedging has increased demand for gold

Gold bars and Tokyo apartments: How money is flowing out of China

Chinese are using their savings to buy overseas apartments, stocks and insurance policies

TRQ holders in India-UAE pact can import gold via IIBX bullion exchange

Indian jewellers having a valid license to import a specified quantity of gold at concessional customs duty from the UAE, under the free trade agreement, can import it through bullion exchange IIBX, according to a government notification. The Directorate General of Foreign Trade (DGFT) notification also said that those companies can obtain the physical delivery of the consignment through IFSCA (International Financial Services Centres Authority) registered vaults located in special economic zones, as per the authority's guidelines. The India-UAE free trade agreement, which came into force in May 2022, provides one per cent duty concessions to domestic importers on a specified quantity of gold under TRQ (tariff rate quota) provisions of the pact. The DGFT provides TRQ certificate to companies for imports and they are also notified by IFSCA. "Valid India UAE TRQ holders as notified by IFSCA can import gold through IIBX against the TRQ and can obtain physical delivery of the same thro

Gold set to snap three-week losing streak amid Federal Reserve pause hopes

"Alternatively, the war is still bubbling, simmering away," Rodda said

Gold once again glitters with the double-digit returns, shows data

Last year, gold was the best-performing asset class with returns close to 15 per cent even as most domestic equity indices delivered less than 5 per cent