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Gold eases to around one-month low as Fed meeting nears Gold eases to around one-month low as Fed meeting nears
Spot gold fell 0.3 percent to $1,103.68 an ounce by 1148 GMT. It had fallen to $1,098.35 on Friday, the lowest since Aug. 11.
Gold ends flat, silver turns weaker on reduced offtake Gold ends flat, silver turns weaker on reduced offtake
Silver, however, eased further by Rs 100 to Rs 34,800 per kg on lack of buying support from industrial units and coin makers.
Gold hovers near one-month low as traders eye Fed meeting Gold hovers near one-month low as traders eye Fed meeting
The Fed will kick off a much awaited two-day policy meet on Wednesday. Many expect traders to remain on the sidelines until the Fed statement on Thursday, though prices could drop because of persistent uncertainty.
Gold imports cross 120 tonnes in Aug, highest so far in FY16 Gold imports cross 120 tonnes in Aug, highest so far in FY16
Gold imports stood at 89 tonnes in July 2015. In August last year, the figure was 50 tonnes.
Gold slips below Rs 26,000-mark on weak demand, global cues Gold slips below Rs 26,000-mark on weak demand, global cues
Standard gold (99.5 purity) declined by Rs 40 to finish at Rs 25,960 per 10 grams from Friday's closing level of Rs 26,000.
Sovereign gold bond scheme more likely to succeed: Nomura Sovereign gold bond scheme more likely to succeed: Nomura
Annual investment demand for gold is estimated at 300 MT per annum, which is around 35 percent of India's gold import bill (USD 34 billion in fiscal year 2014-15).
Jewellers buying, firm global cues lift gold prices by Rs 45 Jewellers buying, firm global cues lift gold prices by Rs 45
Snapping its three-day losing streak, gold prices recovered by Rs 45 to Rs 26,460 at the bullion market Friday on emergence of buying by jewellers and retailers to meet wedding season demand amid upbeat global trend.
Drought dents India gold demand; prices still appealing Drought dents India gold demand; prices still appealing
Nearly two-thirds of India`s gold demand comes from rural areas where jewellery is a traditional store of wealth for millions who have no access to the formal banking system.
Gold firms near $1,110 but poised for third weekly drop Gold firms near $1,110 but poised for third weekly drop
Spot gold was little changed at USD 1,111 an ounce, after gaining 0.5 percent in the previous session.
Gold monetisation scheme: 2% interest likely on gold deposits Gold monetisation scheme: 2% interest likely on gold deposits
The government is gearing up to launch the gold monetisation scheme around Diwali with an interest rate of 1.5-2 percent on gold deposits, said a senior finance ministry official.
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