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.
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.
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.
Gold Silver Reports (GSR) – “Gold prices Kiss 3 Month High as Safe-haven buying was also seen because manufacturing data from China and the euro zone were seen as a cause of concern.”
Physical gold demand improved this week in India as a correction in local prices attracted buyers, particularly with the wedding season underway, while premiums in China rose on steady buying in the world’s leading consumer.
Gold prices fell by Rs. 60 to Rs. 34,530 per 10 grams at the bullion market on Tuesday reported news agency Press Trust of India (PTI).
Gold extended gains for yet another week at the bullion market with prices rising by another Rs 140 to Rs 34,590 per 10 gram as local jewellers continued their buying activity to meet ongoing wedding season demand, coupled with positive cues from global markets.