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The Print
2 hours ago
- Business
- The Print
Gold falls Rs 200 to Rs 97,820/10 g; silver trades flat at Rs 1.13 lakh/kg
In the local markets, gold of 99.5 per cent purity extended losses for the fifth straight day, falling Rs 200 to Rs 97,550 per 10 grams (inclusive of all taxes) on Tuesday. It had ended at Rs 97,750 per 10 grams in the previous market session. The precious metal of 99.9 per cent purity had finished at Rs 98,020 per 10 grams on Monday. New Delhi, Jul 29 (PTI) Gold prices fell Rs 200 to Rs 97,820 per 10 grams in the national capital on Tuesday due to persistent selling by stockists, according to the All India Sarafa Association. 'Gold prices eased following confirmation of a trade deal between the US and EU. Further, expectations that the US Federal Reserve will hold interest rates steady in this week's FOMC meeting have further supported the dollar,' Abans Financial Services' Chief Executive Officer Chintan Mehta said. However, silver prices remained flat at Rs 1,13,000 per kilogram (inclusive of all taxes) on Tuesday, as per the Sarafa Association. Meanwhile, spot gold rose USD 9.48, or 0.29 per cent, to USD 3,324.11 per ounce in the international markets. 'Gold is trading near USD 3,315-level as markets await key US macroeconomic data, including JOLTS job openings and CB Consumer Confidence later in the day, while US trade talks continue with Canada and South Korea,' Kaynat Chainwala, AVP-Commodity Research at Kotak Securities, said. However, spot silver went marginally lower at USD 38.14 per ounce in global markets. 'Investors will also be awaiting key US macroeconomic data — ADP non-farm employment change, non-farm payrolls, unemployment rate, and GDP — lined up this week alongside the Fed's rate decision,' Jateen Trivedi, VP Research Analyst — Commodity and Currency, LKP Securities, said. PTI HG TRB TRB This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
News18
8 hours ago
- Business
- News18
Gold falls Rs 200 to Rs 97,820/10 g; silver trades flat at Rs 1.13 lakh/kg
New Delhi, Jul 29 (PTI) Gold prices fell Rs 200 to Rs 97,820 per 10 grams in the national capital on Tuesday due to persistent selling by stockists, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had finished at Rs 98,020 per 10 grams on Monday. In the local markets, gold of 99.5 per cent purity extended losses for the fifth straight day, falling Rs 200 to Rs 97,550 per 10 grams (inclusive of all taxes) on Tuesday. It had ended at Rs 97,750 per 10 grams in the previous market session. 'Gold prices eased following confirmation of a trade deal between the US and EU. Further, expectations that the US Federal Reserve will hold interest rates steady in this week's FOMC meeting have further supported the dollar," Abans Financial Services' Chief Executive Officer Chintan Mehta said. However, silver prices remained flat at Rs 1,13,000 per kilogram (inclusive of all taxes) on Tuesday, as per the Sarafa Association. Meanwhile, spot gold rose USD 9.48, or 0.29 per cent, to USD 3,324.11 per ounce in the international markets. 'Gold is trading near USD 3,315-level as markets await key US macroeconomic data, including JOLTS job openings and CB Consumer Confidence later in the day, while US trade talks continue with Canada and South Korea," Kaynat Chainwala, AVP-Commodity Research at Kotak Securities, said. However, spot silver went marginally lower at USD 38.14 per ounce in global markets. 'Investors will also be awaiting key US macroeconomic data — ADP non-farm employment change, non-farm payrolls, unemployment rate, and GDP — lined up this week alongside the Fed's rate decision," Jateen Trivedi, VP Research Analyst — Commodity and Currency, LKP Securities, said. PTI HG TRB TRB view comments First Published: July 29, 2025, 17:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
The Print
a day ago
- Business
- The Print
Gold declines Rs 500 to Rs 98,020/10 g; silver plunges Rs 1,000
In the national capital, gold of 99.5 per cent purity extended its losing run for the fourth straight day, by declining Rs 500 to Rs 97,750 per 10 grams (inclusive of all taxes) on Monday. It had finished at Rs 98,250 per 10 grams in the previous market session. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity ended at Rs 98,520 per 10 grams, down by Rs 600 on Saturday. New Delhi, Jul 28 (PTI) Gold prices slid for the fourth consecutive session and ended Rs 500 lower at Rs 98,020 per 10 grams in the national capital on Monday due to unabated selling by stockists following a trade deal between the US and the EU, which dampened the safe-haven demand. In addition, silver prices depreciated Rs 1,000 to Rs 1,13,000 per kilogram (inclusive of all taxes) on Monday. The white metal had closed at Rs 1,14,000 per kg on Saturday. Meanwhile, spot gold and silver traded flat at USD 3,337.95 and USD 38.17 per ounce, respectively, in the global markets. 'Gold traded in a positive but flat range near USD 3,335 per ounce, as strength in the dollar index limited gains last week,' Jateen Trivedi, VP Research Analyst, Commodity and Currency, LKP Securities, said. The US has announced a trade deal with the European Union (EU), which includes a 15 per cent tariff on most European goods entering the American market alongside the 27-nation block's commitment to invest hundreds of billions of dollars in American industry. This agreement mirrors last week's US-Japan trade pact. 'Investors will closely track upcoming US macroeconomic data, including jobless claims and Q2 GDP figures during the week,' Abans Financial Services' Chief Executive Officer Chintan Mehta said. According to Saumil Gandhi, Senior Analyst, Commodities at HDFC Securities, the price of gold remains stagnant, as bulls remain cautious amid trade optimism and a stronger US dollar. Gandhi further said that bullion prices declined last week due to a drop in demand for safe haven assets amid an easing in tariff concerns. Additionally, President Donald Trump alleviated market worries about the US Federal Reserve's independence by downplaying tensions with Fed Chair Jerome Powell. 'Both factors contributed to the rise in the US dollar, which has risen for the third consecutive day and is negatively impacting precious metal prices,' he added. PTI HG HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Deccan Herald
a day ago
- Business
- Deccan Herald
Gold declines Rs 500 to Rs 98,020/10 g; silver plunges Rs 1,000
According to the All India Sarafa Association, the precious metal of 99.9 per cent purity ended at Rs 98,520 per 10 grams, down by Rs 600 on Saturday.
Time of India
a day ago
- Business
- Time of India
Gold rate today: Gold falls Rs 500 to Rs 98,020/10g in Delhi; silver slips Rs 1,000 amid easing tariff fears
Gold prices declined by Rs 500 to Rs 98,020 per 10 grams in the national capital on Monday, marking the fourth straight day of losses, as investor demand weakened after a trade deal between the US and the European Union reduced safe-haven interest. The data was released by the All India Sarafa Association. On Saturday, gold of 99.9% purity had settled at Rs 98,520 per 10 grams, already down Rs 600 from the previous session. On Monday, gold of 99.5% purity dropped to Rs 97,750 per 10 grams (inclusive of all taxes) from Rs 98,520 on Saturday, PTI reported. Silver prices also retreated sharply, declining by Rs 1,000 to Rs 1,13,000 per kilogram (inclusive of all taxes), from Rs 1,14,000 per kg in the previous session. In global markets, spot gold and silver traded flat at $3,337.95 and $38.17 per ounce, respectively. 'Gold traded in a positive but flat range near $3,335 per ounce, as strength in the dollar index limited gains last week,' said Jateen Trivedi, VP Research Analyst, Commodity and Currency at LKP Securities. The recent US-EU trade agreement, which includes a 15% tariff on most European goods entering the US alongside EU commitments to invest heavily in American industries, has contributed to the price pressure. A similar agreement was signed with Japan last week. 'Bullion prices declined last week due to a drop in demand for safe-haven assets amid easing tariff concerns,' said Saumil Gandhi, Senior Analyst – Commodities, HDFC Securities, as quoted PTI. Chintan Mehta, CEO of Abans Financial Services, added that market participants will be closely watching upcoming US macroeconomic data, including jobless claims and Q2 GDP figures. President Donald Trump's recent reassurance on the independence of the US Federal Reserve and a softened stance toward Fed Chair Jerome Powell have further buoyed the US dollar, Gandhi noted. 'Both factors contributed to the rise in the US dollar, which has risen for the third consecutive day and is negatively impacting precious metal prices,' he said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
