Gold prices recover marginally after seeing continuous declines; silver prices remain flat
The value of 22-karat gold increased marginally by Rs.10 to Rs.48,480 per 10 grams and 24-karat gold was priced at Rs.49,480 per 10 grams. In New Delhi, the value of 22-karat gold was Rs.48,470 per 10 grams and the price of 24-karat gold was Rs.52,870 per 10 grams.
In Kolkata, gold prices were at Rs.48,820 per 10 grams for 22-karat gold and Rs.51,520 per 10 grams for 24-karat gold. Comparatively, in Chennai, gold prices were lesser at Rs.47,020 per 10 grams for 22-karat gold and Rs.51,290 per 10 grams for 24-karat gold.
Silver prices remained flat on 11 January at Rs.63,900 per kg in Mumbai, Kolkata and Delhi. In the international market, spot gold prices dipped by 1.1% to $1,831.90 per ounce.
Gold falls Rs 104; silver declines Rs 736
The prices of gold dropped by Rs.104 to Rs.48,703 per 10 gram in New Delhi while silver prices declined Rs.736 to Rs.61,621 per kg.
In the international market, the price of gold fell $1,836 while silver traded flat at $23.92 per ounce.
Silver prices witness a decline due to reduced demand
Silver prices dipped on 11 November by Rs.628 and was Rs.62,416 per kg as investors shifted away from the bullion market. Due to the lowest demand, silver contracts for December delivery on the Multi Commodity Exchange dropped by 1% to Rs.62,416 per kg for a turnover of 12,957 lots.
In the international market, silver prices were trading lower by 0.81% at $24.27 per ounce.
Gold and silver record substantial declines due to international trends
Gold prices on 20 October dipped by Rs.268 in National Capital Region due to a declining trend in the international price of the metal. The price of gold was at Rs.50,860 per 10 grams and had previously closed at Rs.51,128 per 10 grams.
Following suit, silver prices also declined to a great extent by Rs.1,126 to Rs.62,189 per kg compared to its previous session, closing at Rs.63,315 per kg.
In the international market, gold prices dipped to $1,901 per ounce and silver prices were trading flat at $24.37 per ounce.
Gold rates reach Rs.54,330 per 10 gm and silver prices stand at Rs.63,800
Gold prices today fell to Rs 54,330 from Rs 53,970 per 10 gm, while silver was trending at Rs 63,800 per kg, according to the Good Returns website. In New Delhi, the price of 22-carat gold remained at Rs 49,800 per 10 gm, and in Chennai, it climbed to Rs 48,870. In Mumbai, the rate was Rs 49,820 according to the Good Returns website. The price of 24-carat gold in Chennai was Rs 53,310 per 10 gm.
On the MCX, October gold futures jumped 0.57 per cent to Rs 51,107 per 10 gm, while silver December futures were at Rs 63,098 per kg.
Domestic Gold Futures reclaim Rs.51,650-mark, Silver above Rs.68,500 as Equities lose steam
Price of domestic gold and silver futures moved higher on Monday, supported by weakness in the US dollar as investors waited for the Federal Reserve's policy meeting later this week for cues. Multi Commodity Exchange (MCX) gold futures (due for an October 5 delivery) rose by Rs.361 - or 0.70% to end at Rs.51,680, and silver futures (December 4) ended at Rs.68,535, up Rs.607 or 0.89% from their previous close. The gold and silver contracts had surged to as high as Rs.51,736 and Rs.68,720 respectively during the session.
Spot gold grew up as much as 1.07% to touch the $1,968.70 per ounce mark on Monday, and silver jumped 2.01 per cent to $27.40 per ounce.
Back home, spot gold settled at Rs.51,394 per 10 grams on Monday, and silver at Rs.65,223 per kilogram, excluding GST, according to Mumbai-based India Bullion and Jewellers Association (IBJA).
Gold prices today fall sharply after rising Rs.1300 in 2 days, silver crashes
The prices of gold and silver dropped today in Indian markets after a strong rise in the previous two sessions. On MCX, October gold futures dropped 0.9% to Rs.53,110 per 10 gram while silver futures fell 2.5% to Rs.67,8640 per kg. In the previous two sessions, the price of gold had rose Rs.1,300 per 10 gram while silver had increased Rs.2,100 per kg.
In global markets, the price of gold held above the key level of $2,000 per ounce, supported by a weaker US dollar. Spot gold was up 0.1% at $2,002.12 per ounce. Silver grew 0.6% to $27.82 per ounce while platinum inclined 0.2% to $958.33.
The dollar index fell for a sixth straight session to near a more than two-year low. The benchmark 10-year U.S. Treasury yields moved lower as well.
The gains in the yellow metal was capped after a strong Wall Street session in which the S&P 500 hit an all-time high. Asian equities traded mostly higher today.
Gold prices dip marginally at the Rs.55,000 per 10-gram mark; silver prices at Rs.68,900 per kg
The gold rate dropped from Rs.55,100 per 10 grams to Rs.55,090 per 10 grams while silver prices increased by more than Rs.800 from Rs.68,010 per kg to Rs.68,900 per kg. In the nation’s capital, the value of 22-karat gold was priced at Rs.51,150 per 10 grams and Rs.50,700 per 10 grams in Chennai. The price of 24-karat gold in Chennai was Rs.55,320 per 10 grams.
On the Multi Commodity Exchange, gold futures for October increased by 2.11% to Rs.53,275 per 10 grams. Silver futures for September was at Rs.69,155 per kg. The price of the yellow metal increased by Rs.340 at the beginning of the week.
In the international market, gold prices increased to $1,954 per ounce and silver was trading at $26.81 per ounce.
Gold and silver prices drop as U.S. dollar value recovers
Gold and silver prices have fallen for the third consecutive time in a row due to the value of the dollar recovering in the market. With the announcement from Russia registering the world’s first COVID-19 vaccine, the risk appetite increased. Spot gold prices for 24-karat gold dipped by more than 5% to Rs.52,440 per 10 grams. The value of 22-karat gold was Rs.48,091 per 10 grams.
Silver prices in Pune as well, dipped by 7% to below Rs.70,000 per kg level on 11 August 2020. The U.S. index increased after the United States President Donald Trump considered lowering the taxes on capital gains.
Gold futures for September delivery on Multi-Currency Exchange was down by 5% or Rs.2,716 to Rs.52,528 per 10 grams. For September delivery, silver futures were down by 7% to Rs.69,925 per kg dropping by Rs.5,469.
Silver rates in Pune climb by 4.8 percent on Friday
The rates of the white metal climbed by 4.8 percent on Friday and reached Rs.60,100 per kg. This was the first time since December 2012, the rates have breached the Rs.60,000 mark. On the Multi Commodity Exchange (MCX), September silver futures rose by 8 percent to Rs.62,000 per kg.
Gold rates also climbed to an all-time high of Rs.50,085 for every 10 grams before dropping to Rs.49,711. In the global market, the price of the yellow metal stood at a new high on Wednesday when an ounce cost $1,861.
Price of gold shows third drop in 4 days; silver prices fall
Gold prices on 20 July dipped in the Indian market due to mute international trends. August futures on the Multi Commodity Exchange was down by 0.12% at Rs.48,910 per 10 grams which was the metal’s third decline in 4 days. Silver prices also dipped on the MCX by 0.25% at Rs.52,756 per kg. Since the time gold had hit its all-time high, the price of the metal has been fluctuating in the market.
In the international market, the metal has been trading above the $1,800 per ounce levels. Spot gold was holding steady at $1,808.53 per ounce and gold futures in the United States was trading at $1,809 per ounce which was due to a weak U.S. dollar value and the rise in COVID-19 cases all over the world which increased risk appetite.
Gold and silver prices surge due to rising COVID-19 cases
The price of gold increased marginally by Rs.40 and was priced at Rs.49,050 per 10 grams and silver prices increased by Rs.210 to Rs.52,210 per kg from Rs.52,000 per kg. In the city of New Delhi, the value of 22-karat gold was priced at Rs.47,850 per 10 grams and Rs.46,960 per 10 grams in Chennai. The price of 24-karat gold in Chennai was priced at Rs.51,240 per 10 grams.
On the Multi Commodity Exchange, gold futures had increased by 0.58% to Rs.49,148 per 10 grams whereas silver futures for September rose to Rs.53,048 per kg. The exports in June 2020 was at $1,647.49 million which was comparatively lesser by 34.72% at $2,523.74 million in June 2019.
Silver prices ease along with gold tracking international trends
On 2 July, the value of gold and silver in the country eased due to international trends and profit booking amongst investors after the metal hit an all-time high of Rs.48,982 per 10 grams. On the Multi Commodity Exchange, the price of gold for August delivery was within the range of Rs.48,162 per 10 grams and Rs.48,223 per 10 grams compared to its previous closing at Rs.48,267 per 10 grams.
The silver futures also within the range between Rs.49,254 per kg to Rs.49,352 per kg. Gold futures recorded a slight dip in prices by 0.16% at Rs.48,192 per 10 grams and silver futures recorded a decline of 0.19% at Rs.49,332 per kg.
According to the India Bullion and Jewellers Association, the opening rate of gold jewellery was at Rs.48,490 per 10 grams and silver was at Rs.48,843 per kg which was the price excluding GST.
The price of the yellow metal and silver eased in the international market due to a rise in risk appetite after news of promising results of a COVID-19 vaccine hit the safe-haven demand of the metal. Spot gold was trading at 0.1% lower at $1,767.79 per ounce due to this.
Silver futures prices in the country for the second day in a row on 2 July 2020
Silver futures prices on MCX decreased by 0.25% and are at Rs.49,300 for a kg. In the previous session, the prices of silver reduced by Rs.900.
In the international markets, the prices of the white metal increased by 0.2% and are at $17.97 for an ounce. Like silver, the prices of gold decreased in the country as well. Gold futures prices for the month of August on MCX fell by 0.16% and are at Rs.48,188 for 10 grams. In the previous session, gold prices reduced by Rs.500. Over the last two days, the prices of gold have fallen by Rs.800. Earlier, prices of the yellow metal hit record highs and are at Rs.48,982 for 10 grams. In the international markets, the prices of gold reduced after the developments of a vaccine for coronavirus. Traders will keep a watch on the monthly US data that will be announced today. Spot gold prices decreased by 0.2% and are at $1,767.11 for an ounce. On 1 July 2020, the prices of gold hit its highest price since October 2012 and were at $1,788.96 for an ounce. The prices of the yellow metal in the country are inclusive of 12.5% import duty and 3% GST.
Gold rates increases as silver rates soar
Gold has been seeing an upward trend and reached Rs.48,982 on the MCX. The white metal, silver has also been moving with a good momentum.
When it comes to the international rates, the CME July 2020 silver futures stands at $18.100 per ounce which is low by 0.033 cents. The silver futures will trade between $19 and $20.