Gold Rate In Karnataka Today

News About Karnataka Gold Rate

• 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