Gold News

August Sovereign Gold: Window opens today, costs Rs 657 more, subscribe?

August Sovereign Gold: Window opens today, costs Rs 657 more, subscribe?

Mumbai: The Sovereign Gold bond scheme for the month of August is here.  The Reserve Bank of India in a notification on Friday shared details on the 2020-21 Series V Sovereign Gold Bond Scheme.  The subscription opens with the trading window fixed for August 3 - 7 2020.  In its notifi...

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Extreme volatility in bullion and silver, 22 Karat gold hits milestone despite lockdown

Extreme volatility in bullion and silver, 22 Karat gold hits milestone despite lockdown

Mumbai/New-Delhi/Chennai: Shuttered jewellery stores and a dent in jewellery buying have failed to avert Gold rates from picking steam. On Tuesday, benchmark gold rates touched another fresh high causing jewellery rates to touch fresh milestones.  Gold rates for 22 Karat gold reported by jewell...

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22 and 24 Karat gold and even silver rates touch new highs

22 and 24 Karat gold and even silver rates touch new highs

Mumbai/New-Delhi/Chennai: Gold and Silver rates in the country touched a new peak on Saturday morning. The rally was in sync with international benchmark rates that touched $1902 per ounce.  In early trade on Saturday, MCX gold futures for August touched an all-time high of Rs 51,184 per ten gr...

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Gold and Silver rates touch all-time high

Gold and Silver rates touch all-time high

Mumbai/New-Delhi/Chennai: Gold and Silver rates in India hit life-time high surpassing crucial barrier levels of Rs 50,000 per ten grams (Gold) and Rs 61,200 (Silver) across several markets and domestic exchanges.  On the MCX, Gold rates touched a life-time high of Rs 50,085 per ten grams for A...

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Gold Outlook: Is all truly well for Bullion in July?

Gold Outlook: Is all truly well for Bullion in July?

The world is facing a crisis of lives and livelihoods that seems to be compounding with every passing day. Distressing statistics of Covid-19 fatalities and mounting unemployment pop up on our TV and mobile screens. And yet financial markets seem to signal that "all is well".Well, this is a classic ...

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Gold rates retreat from all-time high, focus on US jobs for now

Gold rates retreat from all-time high, focus on US jobs for now

Mumbai/Chennai/New-Delhi: Gold rates in the country made a moderate retreat from the highs posted on Wednesday.Gold rates on Wednesday raced off to an all-time high, with jewellers quoting Rs 48,980 for bullion. Small jewellers were reportedly selling gold at Rs 50,000 for the 24 Karat variant. 22 K...

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5 reasons why Gold rates turned expensive in India

5 reasons why Gold rates turned expensive in India

Mumbai/Delhi/Chennai: Gold rates across the world have shot up in recent times. On Tuesday, Gold rates hit a high on spot exchanges across the world.  At India's Multi-Commodity Exchange (MCX), futures contracts for the month of August raced off to an intra-day high of Rs 48,384 per ten grams. ...

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Gold rates could nearly double in 12-18 months

Gold rates could nearly double in 12-18 months

The economic impact of the Coronavirus could result in Gold rates almost doubling.  A Bank of America Securities analysis observers Gold rates soaring by 77.61 percent from $1,689 pre troy ounce to $3,000 per troy ounce. Gold has been trading in a range of $1680 t0 $1710 per troy ounce in the l...

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Bullion spurts even as India's jewelry stores hit shutdown

Bullion spurts even as India's jewelry stores hit shutdown

Mumbai/Chennai: Gold jewellers and stores across India wear a deserted look adhering to Prime Minister Narendra Modi's suggestion for a strict 21-day isolation. 90 percent of gold jewellers in the country have already shut their shops, paying heed to the PM's first clarion call - the Janta Curfew on...

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T Nagar, Ranganathan Street, Gold showrooms, markets in Chennai wear deserted look

T Nagar, Ranganathan Street, Gold showrooms, markets in Chennai wear deserted look

Chennai: Places that were the favourite haunts of people across Tamil Nadu in the recent past and normally filled with parked vehicles wore a desolate look even as educational institutions across the southern state will remain shut till March 31 to prevent the spread of coronavirus.A visit to r...

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