The uncertainty over US-China trade talks, developments in the global market and talks surrounding recession are some of the key reasons that have triggered a rise in prices of gold, reported Business Today.
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Gold Prices Eased in Indian markets, Tracking Similar Trend in Global Markets
Gold prices eased in Indian markets, tracking similar trend in global markets. On MCX, October gold futures were down 0.40% today to ₹37,792 per 10 grams.
Gold prices Slip after Hitting New Record High, Silver Rates Decline
Gold / Silver
Gold / silver prices today tumbled after they hit record highs recently. In spot markets, gold prices today slumped ₹233 to ₹37,945 per 10 gram in Delhi markets, Press Trust of India reported, citing All India Sarafa Association.
In Futures Markets, Gold Prices in India Hit Life Time New Highs
In Futures Markets, Gold Prices in India Hit Life Time New Highs, In global markets, gold prices were rose 0.7% to six-year high of $1,474 an ounce. Gold prices got a boost after US President Donald Trump last week in a surprise move announced that he would slap 10% tariffs on $300 billion in Chinese imports.
Silver Prices Jumped Rs 910 to Rs 41100 per kg
Gold Silver Reports (GSR) – Silver prices ready on Thursday jumped Rs. 910 to Rs. 41,100 per kg, while weekly-based delivery surged Rs. 1,009 to Rs. 40,406 per kg.
MCX Gold Futures August Slipped 0.20% to 34,881 – Gold Silver Reports
Gold prices slipped in India today, mirroring a declining overseas trend. On MCX, August gold futures slipped 0.20% to 34,881 while the October contracts slid 0.2% to ₹35,164. August gold contracts had hit a record high of ₹35,145 last week.
Gold Tax Hike Fuels Smuggling Fears; May Hit Festival, Wedding Season
India, the world’s biggest consumer of gold after China, increased the import tax on the precious metal for the first time since 2013, spurring domestic prices to a record. Shares of jewelers slumped.