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Gold stands tall at seven-week high on China fears amid equities rout Gold stands tall at seven-week high on China fears amid equities rout
Gold rose to as much as $1,168.40 on Friday, its highest since July 7. It gained more than 4 percent last week, the most since mid-January.
Gold industry analysts expect price boost from currency war fears Gold industry analysts expect price boost from currency war fears
Gold prices could rise above USD 1,200 an ounce in the next few months as fears of a currency war following the devaluation of the yuan make equity markets choppy, boosting physical gold and ETF buying, leading industry analysts said at a conference.
Indias gold demand could hit 950 tonnes as prices fall: Valcambi Indias gold demand could hit 950 tonnes as prices fall: Valcambi
India`s gold demand might reach 950 tonnes this year as lower prices spur buying during the peak festival season and for weddings, the world`s biggest gold refiner, Valcambi, said.
Gold prices extend gains, now at 3-month high Gold prices extend gains, now at 3-month high
Gold's two-week winning run continued as its prices surged Rs 245 to a three-month high of Rs 27,425 per 10 grams.
Indias imports of gold-silver alloy may almost double Indias imports of gold-silver alloy may almost double
India`s imports of dore, a semi-pure alloy of gold and silver, are rising fast and could nearly double this fiscal year, the head of the country`s top gold refiner said on Saturday.
Banks aversion to higher interest may hurt India plan to draw out gold stocks Banks aversion to higher interest may hurt India plan to draw out gold stocks
Indian lenders do not want to raise interest on gold deposits much beyond 1 percent, bankers said, which could derail a government plan to cut massive imports by mobilising tonnes of gold now stored in households and temples.
Gold tops Rs 27,000-mark; surges Rs 480 to hit 2-month high Gold tops Rs 27,000-mark; surges Rs 480 to hit 2-month high
Silver also advanced by Rs 200 to Rs 36,500 per kg on increased demand from industrial units and coin makers.
Gold price at over 6-week high, ends at Rs 26,700 per 10 grams Gold price at over 6-week high, ends at Rs 26,700 per 10 grams
Extending its rally for the eleventh day, gold surged by Rs 365 to over six-week high of Rs 26,700 Thursday amid a firming trend in global markets and buying by jewellers to meet the wedding season demand.
Gold price climbs to 5-week high as Sept Fed hike hopes fizzle Gold price climbs to 5-week high as Sept Fed hike hopes fizzle
Spot gold has now recovered nearly 6 percent from a 5-1/2-year low of USD 1,077 reached in a late July rout.
Gold price rises for 10th day, ends at Rs 26,335 per 10 grams Gold price rises for 10th day, ends at Rs 26,335 per 10 grams
On its tenth-straight day of gain, gold added another Rs 25 to Rs 26,335 at the bullion market Wednesday largely on firming global trend along with continued seasonal buying by jewellers.
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