Gold Rate In Nellore

News about Nellore Gold Rate

• 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