Latest news with #AllIndiaSarafaAssociation
Time of India
3 days ago
- Business
- Time of India
Gold rises Rs 100 to Rs 98,600/10 g; silver stays flat
New Delhi: Gold prices rose Rs 100 to Rs 98,600 per 10 grams in the national capital on Friday due to a pick-up demand by the jewellers and retailers, according to the All India Sarafa Association. The precious metal of 99.5 per cent purity climbed Rs 100 to Rs 98,100 per 10 grams (inclusive of all taxes). In addition, silver prices remained flat for the second straight session at Rs 1,00,000 per kg (inclusive of all taxes) on Friday. On the global front, spot gold dipped by USD 21.91 per ounce or 0.66 per cent to USD 3,295.82 per ounce. "Gold is trading steady near USD 3,320 per ounce, with investors' focus shifting to upcoming US Core Personal Consumption Expenditures (PCE) data, University of Michigan inflation expectations, and consumer sentiment," Kaynat Chainwala, AVP Commodity Research at Kotak Securities, said.
The Print
5 days ago
- Business
- The Print
Gold climbs Rs 500 to Rs 99,000/10 g; silver rallies Rs 1,000/kg
New Delhi, May 28 (PTI) Gold prices climbed Rs 500 to Rs 99,000 per 10 grams in the national capital on Wednesday amid a firm trend in the overseas markets, according to the All India Sarafa Association. The precious metal of 99.5 per cent purity rose Rs 500 to Rs 98,500 per 10 grams (inclusive of all taxes).
Economic Times
5 days ago
- Business
- Economic Times
Gold climbs Rs 500 to Rs 99,000/10 g; silver rallies Rs 1,000/kg
Synopsis Gold prices climbed Rs 500 to Rs 99,000 per 10 grams in the national capital on Wednesday amid a firm trend in the overseas markets, according to the All India Sarafa Association. The precious metal of 99.5 per cent purity rose Rs 500 to Rs 98,500 per 10 grams (inclusive of all taxes).
Hindustan Times
6 days ago
- Business
- Hindustan Times
Gold snaps 4-day winning streak; declines ₹800 to ₹98,500
Gold prices declined ₹800 to ₹98,500 per 10 grams, bringing an end to its four-day rally, in the national capital on Tuesday amid a fall in precious metal rates globally, according to the All India Sarafa Association. The yellow metal of 99.5 per cent purity depreciated ₹800 to ₹98,000 per 10 grams (inclusive of all taxes). It had closed at ₹98,800 per 10 grams in the previous market session. Additionally, silver prices plunged ₹1,370 to ₹99,000 per kg (inclusive of all taxes) on Tuesday. The white metal had settled at ₹1,00,370 per kg on Monday. On the global front, spot gold slipped by USD 45.03 per ounce or 1.35 per cent to USD 3,296.92 per ounce. "Gold is trading below USD 3,350 per ounce, weighed down by Brussels' push to accelerate trade negotiations with the US, reducing demand for safe-haven assets," Kaynat Chainwala, AVP-Commodity Research at Kotak Securities, said. Investors are now focused on upcoming US Durable Goods Orders and Consumer Confidence data later in the day for further insights into the economic outlook amid persistent tariff and inflation concerns, Chainwala added.
Time of India
7 days ago
- Business
- Time of India
Gold rate today: Gold rises by Rs 550 to Rs 99,300; silver rallies by Rs 1,170
Gold rate today: Gold prices surged by Rs 550 to Rs 99,300 per 10 grams in the national capital on Monday, driven by persistent buying from jewellers and retailers, according to the All India Sarafa Association. The precious metal, with 99.9 per cent purity, had closed at Rs 98,750 per 10 grams on Friday. Since Wednesday of the previous week, gold prices have risen by Rs 2,760 per 10 grams. Gold with 99.5 per cent purity also saw a rise of Rs 500, settling at Rs 98,800 per 10 grams (inclusive of all taxes) on Monday, PTI reported. Additionally, silver prices surged by Rs 1,170 to Rs 1,00,370 per kg (inclusive of all taxes), compared to Rs 99,200 per kg in the previous market session. In global markets, spot gold prices dipped by USD 24.83 per ounce, or 0.74 per cent, to USD 3,332.59 per ounce. "In the international markets, gold prices slipped as safe-haven demand weakened after President Donald Trump postponed the imposition of a 50 per cent tariff on EU goods, shifting the deadline to July 9," said Rahul Kalantri, Vice-President of Commodities at Mehta Equities Ltd. Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, added that investors are now awaiting the US Federal Reserve's FOMC (Federal Open Market Committee) meeting minutes, due on Wednesday, to gauge the potential trajectory for interest rate cuts. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
