Gold Rate In Karnataka Today

News About Karnataka Gold Rate

• Gold rates fall sharply in the global markets on 19 August 2021

  On 18 August 2021, gold futures prices on MCX in India fell by 0.29% and were at Rs.47,141 for 10 grams. Due to the prospect of a reduced Federal Reserve stimulus, gold prices fell sharply in the international markets on 19 August 2021. Gold prices fell by 0.7% and were at $1,774.41 for an ounce. Futures trading on MCX in India were closed on 19 August due to a public holiday. However, the markets will reopen in the second half of the day.

  23 August 2021

• Gold price slipped on Thursday

  On Thursday, the price of gold in the country slipped as the risk appetite of the investors improved. On the Multi Commodity Exchange (MCX), the futures of the yellow metal were down by 0.23 percent to cost Rs.47,464 for every 10 grams. In the spot market, highest purity gold was sold at Rs.48,222, according to the Indian Bullion and Jewellers Association. It needs to be mentioned here that physical gold has gained as much as Rs.1,500 since the beginning of the month.

  In the international market, spot gold price was down by 0.3 percent to cost $1,798.27 per ounce after hitting its lowest since July 12 in the previous session. U.S. gold futures also eased 0.3% to trade at $1,798.70 per ounce.

  22 July 2021

• Gold set to suffer biggest drop in rates

  Price of gold decreased in both global and domestic markets continuing the trend of suffering sharp fall in its prices for the month of June. In global markets, spot gold fell 0.2% at $1,775.42 per ounce. Global prices also dropped by 6.8% this month.

  In domestic market, gold futures on MCX fell 0.18% to Rs.46,923 per 10 gram while silver futures price slipped Rs.67,844 per kg, down 0.44%. In Indian markets, price of gold dropped around Rs.2,300 so far this month around 5%. On MCX, futures slipped around 7% or Rs.5,600 so far this month.

  Traders in gold will keep a close eye on the US jobs report which will be released on Friday. Also, on the same day, ECB President Christine Lagarde will take part in a panel discussion which will most likely impact the market movements.

  30 June 2021

• Yellow metal slips

  On MCX, gold prices dropped 0.22% at Rs.49,015 for 10 grams. Silver prices also dropped by 0.54% Rs. 71,495 a kilogram.

  Gold August futures ended $1,895.50 a troy ounce and silver July futures contract ended $28 a troy ounce. Gold prices remained flat in the domestic markets on.

  10 June 2021

• Gold grows up to Rs.48,500, silver priced at Rs.71,500

  Prices of gold rose on Monday, due to drop in value of dollar and pullback in US Treasury yields.

  Gold futures on MCX dropped 0.23% or Rs.111 at Rs.48,515 per 10 grams. Silver futures rose 0.63% or Rs.450 to Rs 71,499 per kg.

  25 May 2021

• Gold and silver prices rise

  Prices of gold and silver grew on Monday after a sharp fall last week in Indian markets. On MCX, gold prices rose 0.6% to Rs.47,004 per 10 gram while silver grew 0.6% to Rs.68,789 per kg.

  Prices of gold in India rose after hitting a record high of Rs.56,200 in August last year has seen a sharp dip from those levels.

  3 May 2021

• Gold prices fall due to higher U.S. Treasury yields

  Gold prices on 13 April fell to its lowest level in 2 weeks as the demand for the metal was dented due to higher U.S. Treasury yields as investors waited for the data on U.S. inflation. Spot gold dipped by 0.2% to $1,729 per ounce and had declined to its lowest level on 5 April at $1,722.67 per ounce. U.S. gold futures also dipped by 0.2% to $1,729.70 per ounce.

  Silver prices in the market, increased by 0.5% to $24.97 per ounce despite the 10-year benchmark of Treasury yields increased to its highest in 1 week.

  14 April 2021

• Gold increases by Rs.116 while silver decreases by Rs.117

  The price of gold in New Delhi soared by Rs.116 to settle at Rs 44,374 for 10 grams whereas previously the prices had closed at Rs 44,258 for 10 grams. The price of silver had decreased by Rs.117 to settle at Rs.65,299 per kg when it was previously Rs.65,416 per kg. Internationally, gold traded at $1,738 per ounce while silver traded at $25.53 per ounce.

  24 March 2021

• Gold prices hold steady in the domestic market

  Gold futures for April delivery showed a steady trend in the domestic market on 9 March after a positive trend was seen in the international prices. Silver futures for May delivery was also trading above Rs.66,000 per kg.

  On the Multi Commodity Exchange, gold contracts for April were trading higher by 0.26% to Rs.44,377 per 10 grams. Silver futures for May were trading higher by 0.47% at Rs.66,136 per kg. The precious metals showed a weak trend as the U.S. Dollar showed a continued positive trend along with the rising U.S. Treasury yields.

  In the international market, gold prices dipped to settle at a weaker note at $1,678 per ounce and silver contracts for May were at $25.27 per ounce.

  12 March 2021

• Gold prices decline close to its lowest in 8 months; falls for 5 consecutive days

  Gold prices declined for the fifth straight session after the global gold rates skid in the international market. The April gold futures on the Multi Commodity Exchange dipped by 0.27% to Rs.46,772 per 10 grams. These were the lowest levels of gold prices since June 2019.

  Silver prices, however, increased marginally to Rs.69,535 per kg. Due to the global rates and the import duty cut during the Budget 2021, gold rates in India showed continuous declines.

  In the international market, gold prices dipped to nearing the two-week low with a higher U.S. dollar value and stronger U.S. bond yield. Spot gold was $1,791.36 per ounce, down by 0.2% and silver prices had declined by 0.1% to $27.20 per ounce.

  22 February 2021

• Gold rates decline marginally in metro cities; silver prices holding steady

  Gold prices saw a marginal decline on 8 February and silver rates held steady in the market. 22-karat gold was priced at Rs.4,616 per gram. 10 grams of 22-karat gold had dipped by Rs.10 to Rs.46,160. 24-karat gold also declined by Rs.10 to Rs.47,160 per 10 grams.

  The price of 22-karat gold in Delhi was Rs.46,210 per 10 grams and 24-karat gold was priced at Rs.50,410 per 10 grams. In Chennai, 24-karat gold was Rs.48,730 per 10 grams and Rs.49,490 per 10 grams in Kolkata.

  Silver was priced at Rs.68,700 per kg in Kolkata, Delhi and Mumbai whereas it was Rs.73,400 per kg in Chennai and Hyderabad.

  In the international market, gold showed a decline of 0.26% to $1,810.40 per ounce and silver prices declined to $39.60 per ounce.

  9 February 2021

• Gold rates show a positive trend in the market; resistance could be seen near Rs.49,580

  Gold futures in India increased in the market on 14 February due to a positive trend seen in the international market after the value of the U.S. dollar dipped.

  On the Multi Commodity Exchange, gold contracts for February traded higher by 0.70% at Rs.49,387 per 10 grams. Silver prices were trading higher by 0.55% at Rs.66,266 per kg. According to experts, the yellow metal may face some resistance around the Rs.49,580 per 10-gram levels.

  In the international market, gold contracts for February settled at $1,844.20 per ounce and silver futures for March delivery was at $25.44 per ounce.

  18 January 2021

• Gold prices incline by 1%; the value of silver shows a rise of 3%

  Gold prices saw a rise of 1% in the Indian market after a positive trend seen in the international market. On the Multi Commodity Exchange, gold futures increased to Rs.50,561 per 10 grams and silver prices saw an incline by 3.14% to Rs.69,578 per 10 grams.

  Gold prices recovered from its lows at below Rs.48,000 per 10 grams. The metal had previously hit highs of Rs.56,200 per 10 grams and silver prices as well had touched all-time highs at almost Rs.80,000 per kg.

  In the international market, the yellow metal saw an incline of 1% at %1,895.03 per ounce and gold futures had increased by 0.8% to $1,899.10 per ounce.

  30 December 2020

• Domestic gold futures prices dip below Rs.50,300

  The gold and silver futures had reduced as the equities had increased to record highs. The Multi Commodity Exchange (MCX) gold futures had dipped by Rs.242 (0.48%) and reached Rs.50,259. Silver had reduced by Rs.947 (1.50%) and reached Rs.62,097.

  12 November 2020

• Miner Agnico beats the quarterly profit on yellow metal rates surge

  Canada's Agnico Eagle Mines had reported a high quarterly profit and had benefited from an increase in gold prices and also the sales volume. This had raised the capex forecast for the year.

  Agnico is expecting the total capital expense to fall between the range of $720 million and $740 million. The increase in the capital spending includes the development cost for the Amaruq underground project and also the Meliadine mine in Canada.

  29 October 2020

• Gold trades at above Rs.50,000 and silver above Rs.60,000

  In line with international trends, the price of gold rose to above Rs.50,000 on 14 October, 2020. On the Multi Commodity Exchange (MCX), gold futures were trading at Rs.50,335, which was Rs.90 higher after an intraday low of Rs.50,270 and an intraday high of Rs 50,395 respectively. The September silver futures were trading at Rs.60,790 per kg today which was an increases of Rs.250 over the price in the last session, which was Rs.60,540 per kg.

  15 October 2020

• Hyderabad EC starts preparation of electoral rolls

  The Election Commission of India (ECI) has asked for the preparation of electoral rolls of Warangal-Khammam-Nalgonda Graduates' and Mahbubnagar-Ranga Reddy-Hyderabad Constituencies of Telangana Legislative Council.

  One press note had said the ECI ordered for de-novo preparation of electoral rolls. It had also added that the last date of sending in applications for Form 18 and Form 19 is 6 November. As the electoral rolls for the Graduates' Constituencies are to prepare afresh, people whose names are in the rolls should submit new applications in the prescribed Form-18.

  29 September 2020

• Gold prices witness momentum despite muted international trends

  Gold futures for October increased marginally in the country even though the metal showcased a mute trend in the international market. The value of the dollar recovered marginally before the U.S. Federal Reserve meeting. On the Multi Commodity Exchange, gold contracts for October were trading higher at Rs.51,800 per 10 grams and silver futures for September was trading at Rs.68,930 per kg.

  In the international market, gold prices showed a positive value at $1,966.20 per ounce and silver prices settled at $27.46 per ounce. With the dollar value recovering in the day ahead of the U.S. Federal Reserve meeting, investors booked profits in the bullion market.

  17 September 2020

• Gold price trading flat; silver rate at Rs 68,500

  The prices of gold reversed from losses and was steady on Thursday as global markets recovered mildly.

  October Futures rose Rs.6 at Rs.50,827, against the previous close of Rs.50,821 per 10 gm. MCX gold futures currently trade almost Rs.5,370 lower than the lifetime high of Rs.56,191 per 10 gm, hit on August 7.

  4 September 2020

• Gold rises- target seen at Rs.52,600

  Gold had been trading higher and tracked positive trends in the international spot rates after a bleak U.S. jobless claims data had increased fears of slower recovery.

  On the Multi-Commodity Exchange (MCX), gold October contracts had been trading higher by 0.4% at Rs.52,355 per 10 gram. The silver September futures had been trading at Rs.68,540 per kg and this had been up by 1.4%. The spot gold had been trading at around $1,945.45 per ounce.

  23 August 2020

• Gold prices hold firm in India on 3 August 2020

  Tracking positive trends in the international markets, the prices of gold increased in India as well. The fears of global recession due to the increase in the number of coronavirus cases and a weak dollar also ensured gold prices increased. Gold futures prices for the month of October on MCX increased by 0.07% and were at Rs.53,485 for 10 grams. In the international markets, spot gold prices increased and were at $1,976.47 for an ounce. According to a report from Reuters, more than 17.96 million individuals have been infected by the coronavirus all over the world. Gold prices hit record highs in the domestic and international markets last week.

  4 August 2020

• Prices of gold reduce after hitting near record highs

  After almost hitting record highs in the previous session, the prices of gold reduced in India on 8 July 2020. Gold futures on MCX for the month of August fell by 0.2% and are at Rs.48,712 for 10 grams.

  In the previous session, the prices of gold increased by 1.2%, tracking international rates. Last week, the yellow metal hit record highs and were at Rs.48,982 for 10 grams. In the global markets, the prices of gold remained steady. The demand for the precious metal increased due to the rise in the number of coronavirus cases. There are expectations that governments and central banks will introduce several stimulus measures as well. The prices of spot gold remained steady and were at $1,793.56 for an ounce. In the United States, the number of coronavirus cases is almost 30 million. According to the US Federal Reserve, the economy may take longer to recover because of the increase in the number of coronavirus cases. In the cases of currency debasement and inflation, gold is considered as a safe haven. The prices of gold in India are inclusive of 3% GST and 12.5% import duty.

  8 July 2020

• Gold prices rise by 1%; to be under pressure in the near future according to experts

  Gold futures in India jumped to cross the Rs.46,000 per kg mark to Rs.46,600 per 10 grams on 4 June, despite the declining trend of the metal in the international market. Gold futures on the Multi Commodity Exchange increased by Rs.501 per 10 grams or 1.09%. Gold futures contract was trading at the strongest level of the day at Rs.46,600 per 10 grams.

  According to the India Bullion and Jewellers Association, the opening rate of jewellery made of gold was Rs.46,441 per 10 grams and Rs.47,640 per kg for silver jewellery excluding GST.

  In the international market, gold prices showed an incline after the equity rally which was fueled by signs of economic recovery after eases in the lockdown restrictions in various countries all over the world. Spot gold was trading positive by 0.4% at Rs.1,703.95 per ounce.

  5 June 2020

• Prices of gold fall sharply after increasing by Rs.1,000 for 10 grams in 2 days

  Tracking muted global rates, the prices of gold fell sharply in India on 5 May 2020. After strong gains over the last two days, some profit-taking was also witnessed.

  Gold futures prices for the month of June on MCX reduced by 0.72% and is at Rs.45,478 for 10 grams. In the last two sessions, the prices of gold had increased by Rs.1,000 for 10 grams. In the international markets, the prices of gold remained flat as several countries temporarily eased the coronavirus lockdown restrictions. However, tensions between China and the US over the coronavirus outbreak ensured that the prices of gold remained above the $1,700 levels for an ounce. The prices of gold are likely to remain supported due to the tensions between China and the US over the origins of the coronavirus. According to the Head of Commodity Research at Geojit Financial Services, Hareesh V, the hopes of several economic measures from Central Banks and the fears of a global recession will ensure that there is support for gold. However, he further added that gold might not see huge gains because of the easing of the coronavirus restrictions and a strong dollar. Gold prices in India are inclusive of 3% GST and 12.5% import duty.

  5 May 2020