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Gold extends weakness after worst month in 2 years Gold extends weakness after worst month in 2 years
Spot gold was down 0.2 percent at $1,092.80 an ounce by 0019 GMT. The metal fell as low as $1,079.50 on Friday before recovering at the close. That was near last month`s trough of $1,077, its weakest since February 2010.
Gold imports up 61% at 155 tonnes in April-May Gold imports up 61% at 155 tonnes in April-May
India's gold imports shot up by about 61 percent to 155 tonnes in the first two months of the current fiscal mainly due to weak prices globally and the easing of restrictions by the Reserve Bank.
Gold price glitters on global cues, up Rs 200; jewellers buy Gold price glitters on global cues, up Rs 200; jewellers buy
Gold regained sheen and rose Rs 200 to Rs 25,300 per ten grams at the bullion market Saturday, tracking a firm global trend and increased buying by jewellers.
Even hallmarked gold jewellery varies in purity Even hallmarked gold jewellery varies in purity
The improvements to the hallmarking system in India are not only essential to a successful gold monetisation scheme but also help to boost the country's gold jewellery exports from the existing $8 billion to $40 billion in the next five years, it said.
Gold edges up on scattered buying, silver remains weak Gold edges up on scattered buying, silver remains weak
Silver, however, remained under selling pressure and shed Rs 50 at Rs 34,000 per kg.
Gold heads for longest weekly losing streak in 16 years Gold heads for longest weekly losing streak in 16 years
Spot gold was up 0.1 percent at $1,088.86 an ounce by 0037 GMT, but not far above last week`s trough of $1,077, its lowest since February 2010. It was down nearly 1 percent for the week and 7 percent for the month.
Gold falls 1% as dollar rises on Fed rate expectations Gold falls 1% as dollar rises on Fed rate expectations
Gold fell 1 percent on Thursday to a near a 5-1/2-year low as the dollar rose after data showed the U.S. economy improved in the second quarter, supporting views the Federal Reserve would lift rates by year-end.
Gold jewellery export may rise to $40 billion if quality improved Gold jewellery export may rise to $40 billion if quality improved
Gold jewellery exports could jump five-fold to USD 40 billion in the next five years if quality standards are improved, the World Gold Council said Thursday.
Gold extends losses; down Rs 200 on global cues, low demand Gold extends losses; down Rs 200 on global cues, low demand
Falling for the third straight day, gold prices tumbled by another Rs 200 to Rs 25,090 per ten gram at the bullion market today in line with a weakening global trend amid subdued demand from jewellers.
Gold hovers near 5-1/2-year low, Fed spurs Sept rate hike view Gold hovers near 5-1/2-year low, Fed spurs Sept rate hike view
Spot gold was flat at $1,096.75 an ounce by 0036 GMT. It sank to as low as $1,077 last week, its weakest since February 2010.
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