Gold Rate In Nellore

News about Nellore Gold Rate

• Gold futures prices fall for the second consecutive day on 7 September 2021

  Gold futures prices on MCX in India fell for the second consecutive day on 7 September and were at Rs.47,406 for 10 grams. In the last session, the prices of the yellow metal edged by 0.17%. The main reason for the fall in prices was a weak trend in the international markets. In the international markets, the prices of gold were above $1,800 for an ounce. Spot gold prices jumped and were at $1,826.75 for an ounce. A weak US dollar ensured that the prices of the yellow metal jumped in the international markets.

  8 September 2021

• Yellow metal trades flat, experts see support at Rs.47,800-47,660

  The prices of gold were almost flat. On the Multi-Commodity Exchange (MCX), the price of gold traded higher at 0.06% at Rs.47,875 for 10 grams. September silver futures dropped 0.02% at Rs.67,831 a kilogram.

  4 August 2021

• Gold rates on MCX jump by 1.35% over the course of the week

  Gold prices on MCX jumped by 1.35% for the week that ended on 9 July 2021 and were at Rs.47,923 for 10 grams. In the international markets, gold rates jumped by 1.18% for the same week and closed at $1,808 for an ounce. Gold futures prices for the month of August on MCX showed support at Rs.47,500 for 10 grams and resistance at Rs.48,600 for 10 grams. In the international markets, gold prices showed resistance at $1,820/1,850 for an ounce and support at $1,1,760 for an ounce.

  13 July 2021

• Gold futures slip by around 3 percent on Thursday

  Tracking an overnight crash in global rates, the price of gold plunged in Indian markets on Thursday. On the Multi Commodity Exchange (MCX), gold futures were down about 3 percent to cost Rs.46,880 for every 10 gram. In the international market, the price of the yellow metal recorded a decline of more than 2 percent after the U.S. Federal Reserve signalled it might raise interest rates sooner than expected.

  However, in Asian trade, gold rates pared some of its previous day's losses because of the sharp decline in the rates. Spot gold recorded a drop of 2.2 percent and was trading at $1,772.53 per ounce.

  Silver price was also down in the Multi Commodity Exchange (MCX) and was trading at Rs.67,690 per kilogram. Globally, an ounce was traded for $25.83 after slipping by 4.2 percent.

  17 June 2021

• Gold prices fall by Rs.101 in Mumbai on 2 June 2021

  Due to a lacklustre trend in the global markets and a weak rupee, gold prices in Mumbai on 2 June 2021 fell by Rs.101 and were at Rs.49,218 for 10 grams. The prices of 22-carat gold, 24-carat gold, and 18-carat gold were at Rs.45,084, Rs.49,218, and Rs.36,914, respectively. The prices mentioned here are exclusive of 3% GST. In the international markets, spot gold prices jumped by $4.91 and were at $1,905.36 for an ounce. Gold futures prices for the month of August jumped by 0.29% and were at Rs.49,620 for 10 grams. Gold futures prices for the month of October jumped by Rs.251 and were at Rs.50,009 for 10 grams.

  3 June 2021

• Gold futures prices on MCX jump on 6 May 2021

  Gold futures prices for the month of June on MCX jumped by 0.26% and were at Rs.47,122 for 10 grams. The main reason for the increase was the jump in prices in the international markets. On 5 May 2021, gold prices showed a mixed trend. In the international markets, gold futures prices for the month of June were at $1,784.30 for an ounce. The prices of the yellow metal were affected due to a weak dollar and the COVID-19 concerns. Gold futures prices for the month of June on MCX showed support between Rs.46,900 and Rs.46,750 and resistance between Rs.47,050 and Rs.47,250.

  7 May 2021

• Silver prices decline; gold rates incline to near 2-month high

  In the domestic market, gold prices were trading near the two-month high on 19 April 2021 due to a weaker U.S. dollar value in the market along with lower U.S. Treasury yields. Along with this, the rising number of COVID-19 cases boosted gold prices. However, silver rates declined.

  Gold prices increased by 0.10% on the Multi Commodity Exchange to Rs.47,400 per 10 grams while silver rates dipped by 0.63% to Rs.68,254 per kg. In the spot market, gold prices rose marginally to Rs.46,531 per 10 grams while silver prices also showed a marginal incline by Rs.53 to Rs.67,460 per kg.

  In the global market, spot gold declined marginally by 0.1% to $1,777.33 per ounce. The metal, in the previous week, had hit its highest price since 25 February at $1,783.55 per ounce. Silver prices fell by 0.6% to $25.81 per ounce.

  20 April 2021

• Gold contracts for June trading low

  Gold contracts for June on the Multi-Commodity Exchange (MCX) traded 0.14% lower to settle at Rs.45,353 for 10 grams while the silver futures for May traded 0.3% lower to settle at Rs.65,070 per kilogram. Internationally, the prices of gold and silver ended on a positive note. June futures for gold was at $1,730.45 per troy ounce. Futures for silver in May were at $25.03 per troy ounce.

  5 April 2021

• Gold prices show a steady trend in the market ahead of the U.S. Federal Reserve meeting

  Gold prices recorded a steady trend in the international market after the dollar value firmed and investors awaited the outcome of the Federal Reserve’s meeting on the economy.

  Spot gold was trading at $1,730.82 per ounce and U.S. gold futures had fallen marginally by 0.1% to $1,729.60 per ounce.

  18 March 2021

• Gold trading at steady prices; silver rates show an incline

  Gold contracts for April delivery were trading higher at Rs.46,020 per 10 grams, inclining by 0.6% on the Multi Commodity Exchange. Silver futures for May delivery were also showing a positive trend, rising by 1.1% to Rs.69,541 per kg.

  In the previous week, both gold and silver prices traded at a negative in the international market. Gold futures dipped by 2% and settled at $1,732.45 per ounce while silver prices were trading at $26.67 per ounce. The domestic markets also showed a fluctuating trend in gold and silver prices where gold futures for April were at Rs.45,736 per 10 grams and silver futures for May settled at Rs.68,784 per kg.

  2 March 2021

• Gold prices dip as the U.S. dollar value rises in the market

  Gold prices eased in the domestic and international markets as the value of the U.S. dollar rose in the market. The U.S. Treasury yields edged higher as well, however; gold prices were still on track for its best week in the last few weeks.

  Spot gold dipped by 0.2% to $1,822.69 per ounce compared to an average incline of 0.6%. U.S. gold futures slipped 0.2% as well to $1,823.30 per ounce.

  With the U.S. government planning to push out a stimulus package to tackle the COVID-19 pandemic and its effect on the economy, gold prices are likely to find support at its lower levels.

  12 February 2021

• Custom duty on gold and silver to be rationalized

  In the Union Budget 2021-22, Finance Minister Nirmala Sitharaman said that the government would rationalize the customs duty on gold and silver. The decision has been taken to bring down the high price of the precious metals. Sitharaman in her budget speech said that since the customs duty on gold and silver was increased from 10 percent to 12.5 percent in July 2019, the rates have increased sharply. The move to rationalize custom duty has been welcomed by the World Gold Council. It has stated that it should lead to positive outcomes for the gold industry.

  1 February 2021

• Prices of gold fall on 6 January 2021 due to low demand in the international markets

  Gold futures prices for the month of February on MCX fell on 6 January 2021 due to low demand in the international markets. The demand was low in the international markets as they were awaiting the outcome of the runoff elections in Georgia. Gold futures prices for the month of February on MCX fell by 0.31% and were at Rs.51,561 for 10 grams. A weak dollar ensured that the prices of the yellow metal increased on 4 and 5 January. In the international markets, the prices of gold settled at $1,954.40 for an ounce.

  7 January 2021

• Gold price today at Rs 52,310 per 10 gm, silver trending at Rs 64,150 a kg

  The price of gold today dropped to Rs.52,310 from Rs.52,540 per 10 gm, while the price of silver traded at Rs.64,150 per kg.

  Gold prices grew Rs.514 to Rs.48,847 per 10 gram in due to a strong global trend and fall in the value of rupee.

  The yellow metal had ended at Rs.48,333 per 10 gram in the previous trade. The price of white metal also surged Rs.1,046 to Rs.63,612 per kilogram from Rs.62,566 per kilogram previosuly.

  16 December 2020

• Recycling of gold hits eight-year high due to record prices

  Due to the prices of gold increasing, recycling of the precious metal has hit an eight-year high in the quarter that ended on 31 September 2020. In the September quarter, the prices of gold increased by 37% to Rs.45,640 for 10 grams. At the same time last year, the prices of the yellow metal were at Rs.33,329 for 10 grams. In the international markets, gold prices hit record highs at the beginning of August and were at $2,067 for an ounce. The main reasons for the increase in prices were the coronavirus outbreak and the stimulus measures that were introduced by central banks all over the world.

  5 November 2020

• Gold rates dip and silver prices stand at Rs.61,500

  Gold rates in India had been flat for the second day in a row. On the MCX, the gold rates had traded low as well and had been Rs.50,605 over the previous price at which it had closed, Rs.50,547 per 10 gm. The September futures for silver had been Rs.112 lower and was Rs.61,564 per kg. In the international market, gold had traded in range-bound as there had been hopes for a new U.S. fiscal stimulus package. Spot gold had bene higher by 0.1% and was at $1,900.79 per ounce.

  19 October 2020

• Gold Futures reach Rs.50,000 amidst strong U.S. Dollar

  Domestic gold and silver prices had dipped as strength in the U.S. dollar had in turn made these metals expensive for all investors who were dealing in other currencies. The Multi Commodity Exchange (MCX) gold futures had dipped by Rs.518 (1.03%) to Rs.50,008. The silver futures had dipped to Rs.59,440 (1.87%) from the previous closing.

  The gold futures had traded by 0.84% lower and reached Rs.50,104 and the silver futures had reduced by 1.16% and reached Rs.59,870.

  8 October 2020

• Gold price trade lower on Monday

  As investors focused on speeches by Federal Reserve policymakers on the central bank's approach to inflation and stimulus measures, gold price traded lower on Monday. On the Multi Commodity Exchange (MCX), gold October futures slipped by Rs.168 and was trading at Rs 51,547. The yellow metal hit an intraday low of Rs.51,534 for every 10 grams. In the global market, gold held steady aided by a weak dollar. While spot gold climbed to $1,954.65 after recording an increase of 0.3 percent, Comex gold remained flat at $1,952.10 per ounce. US gold futures was trading at $1,959.90. It must be noted here gold has gained nearly 29 percent so far this year as near-zero interest rates globally dented hopes of fast economic recovery from the pandemic.

  21 September 2020

• Gold and silver futures see a positive trend due to rise in COVID-19 cases

  Gold prices in the international market were trading flat as investors awaited the decision of monetary policy by the European Central Bank. However, the price of the bullion was supported by the constant rise in COVID-19 case all over the world.

  On the Multi Commodity Exchange, the price of the metal increased by 0.32% to Rs.51,568 per 10 grams. Silver prices also increased substantially to cross the Rs.69,000 per kg mark at Rs.69,036 per kg.

  In the spot market, gold prices increased by Rs.287 at Rs.52,391 per 10 grams in New Delhi and the metal had previously closed at Rs.52,104 per 10 grams.

  In the overseas market, gold was priced at $1,944 per ounce, trading marginally lower compared to its previous closing price. Silver was trading at $26.95 per ounce.

  14 September 2020

• Gold price increases against a weak U.S. dollar

  Gold prices had increased amidst a recovery in the global markets as the U.S. dollar index had retreated from the highs. The U.S. dollar had been trading lower as investors await the release of U.S. home sales data.

  The yellow metal prices had seen a volatility over the last few sessions as the U.S. dollar index had been firm and this made gold a lot more expensive for those holding other currencies.

  27 August 2020

• Gold prices fall by Rs.4,000 per 10 grams compared to record highs

  In India, gold prices fell due to the constant fluctuation in the international market. Gold futures for October on the Multi Commodity Exchange dropped by 0.4% to Rs.52,036 per 10 grams. Silver prices, on the other hand, increased by 0.4% to Rs.67,050 per kg. In the previous session, gold prices had increased by 0.7% and silver had increased by 0.06%.

  In the previous week, gold prices had crossed the Rs.56,000 per 10-gram mark to hit record highs. On 11 August, gold futures on the MCX had dropped by more than Rs.3,000 due to international trends.

  In the global market, gold prices recorded an increase after dropping by 6% which was the biggest fall of the metal’s price in 7 years. Spot gold was trading at a 1% higher rate at $1,936.29 per ounce. The futures for delivery in December dipped by 1% to $1,930.40 per ounce. Silver was priced at $25.58 per ounce.

  14 August 2020

• Price of gold falls as U.S. dollar recovers; surge in COVID-19 cases caps the metal's losses

  Gold prices in the international market traded lower at the beginning of the week with a recovering and stronger U.S. dollar value. However, the constant rise in COVID-19 cases all over the world limited the loss of the metal and kept it above the $1,800 per ounce level.

  Spot gold was down by 0.1% at $1,807.80 per ounce and U.S. gold futures were steady at $1,809.70 per ounce.

  The dollar index rose by 0.2% against other currencies which resulted in the lower value of gold for new buyers and making it more expensive for the holders of other currencies.

  According to sources, the U.S. dollar may strengthen its position and that is why investors are shifting away from the bullion market. However, there will be an up-trend for the metal supported by various global factors.

  23 July 2020

• Gold prices increase on 16 June 2020 after falling for two consecutive days

  Amid mixed global cues, the prices of gold increased in India on 16 June 2020. Gold futures prices for the month of August on MCX increased by 0.35% and are at Rs.47,180 for 10 grams.

  In the previous session, the prices of gold on MCX reduced by 0.64%. The prices of gold have remained volatile in India after hitting record highs of over Rs.48,000 in the month of May. In the international markets, gold rates have struggled to go above the $1,750 for an ounce level. In the international markets, the prices of gold were flat due to a weak dollar. The upside for gold had also been affected due to the rebound in the equities markets. Spot gold prices were flat at $1,725.23 for an ounce. In case any stimulus measures are introduced by Central Banks, Gold usually benefits. The yellow metal is considered as a safe haven against currency debasement and inflation. According to a note given by Kotak Securities, several governments and central banks may release new stimulus measures due to a weak economy. The number of coronavirus cases all over the world has crossed 8 million. The prices of gold in India are inclusive of 3% GST and 12.5% import duty.

  16 June 2020

• Gold prices show positive trends in the market due to a rise in tensions between China and the U.S.

  On Tuesday, gold prices inched up in the international market due to a sharp rise in the cases of COVID-19 all over the world which resulted in investors shifting to safe-haven assets, thus increasing demand for the metal. The price of the metal showed inclines due to renewed trade tensions between China and the United States of America. On the Multi Commodity Exchange, the price of gold increased by 0.28% to Rs.47,105 per 10 grams whereas, for silver, July futures showed an incline of 1.39% to be priced at Rs.48,927 per kg.

  Due to various factors such as the trade war between China and the U.S. along with the oil trade tensions between Iran and Venezuela, investors have been partial to investing in the bullion market due to increased safe-haven appeal. However, with various factors boosting gold prices, there are various factors such as the reopening of the economy along with equity gains which have kept the gains of gold at bay.

  In the global market, gold prices showed inclines on 26 May 2020 with renewing tensions between China and the United States over subdued demand for the metal in Hong Kong with the renewing economy which had fueled the equities market and put a cap for gold. The value of Spot gold increased by 0.2% to $1,732.38 per ounce and U.S. gold futures were down marginally by 0.1% to $1,733.50 per ounce.

  27 May 2020