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Gold plunges to five-year lows after early Asia rout Gold plunges to five-year lows after early Asia rout
Gold prices plunged more than 4 percent to five-year lows on Monday as a sudden bout of selling across Shanghai and New York markets during the illiquid early Asian trading hours triggered a mini flash crash, deepening bullion`s biggest rout in years.
Gold hits five-year low under $1,100 on Chinese selling Gold hits five-year low under $1,100 on Chinese selling
Gold prices plunged as much as 4 percent to their lowest in more than five years on Monday as sellers in top consumer China offloaded the metal.
Gold slides to 2-year low of Rs 25,700 on weak global cues Gold slides to 2-year low of Rs 25,700 on weak global cues
Silver also fell further by Rs 150 to Rs 34,200 per kg on lack of buying support from industrial users and coin makers.
Gold dives to 5-year low in sharp selloff on strong dollar Gold dives to 5-year low in sharp selloff on strong dollar
"It looks like someone was taking advantage of the low liquidity environment at the moment. It`s a bit of speculative selling going on," said Victor Thianpiriya, analyst at ANZ Bank in Singapore.
Gold at four-month low on weak global cues, sluggish demand Gold at four-month low on weak global cues, sluggish demand
Gold tumbled Rs 250 to trade at four-month low of Rs 26,000 per ten grams at the bullion market tracking a weak global trend.
Chinas gold reserve zooms nearly 60% in six years Chinas gold reserve zooms nearly 60% in six years
China's gold reserves touched a record 1,658 tonnes by June, 2015, zooming nearly 60 percent since April 2009, the central bank of the world's largest gold producer said Friday.
Gold slides to 8-month low as US rate rise looms Gold slides to 8-month low as US rate rise looms
Gold fell to an eight-month low on Thursday after the U.S. Federal Reserve`s reiteration that interest rates were likely to rise this year pushed the dollar index to a seven-week high.
Gold price rebounds on demand from jewellers; silver remains weak Gold price rebounds on demand from jewellers; silver remains weak
Gold prices recovered by Rs 120 to Rs 26,250 per 10 grams at the bullion market Friday on emergence of buying by jewellers even as the metal weakened overseas.
Gold, silver fall on global cues, low demand Gold, silver fall on global cues, low demand
Gold prices fell by Rs 120 to Rs 26,130 per 10 grams at the bullion market today, largely in tandem with a weakening trend overseas amid low demand from jewellers.
Govt further cuts gold, silver import tariff value Govt further cuts gold, silver import tariff value
Government further slashed the import tariff value of gold to USD 376 per 10 grams and of silver to USD 498 per kg due to weak global prices.
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