Gold price extends weakness, dips below Rs 27,000 on global cues

Last Updated: Thursday, August 27, 2015, 15:41

Tracking a weak overseas trend and slackened demand from jewellers at prevailing levels, gold continued its losing streak for the third straight day and tumbled by Rs 380 to Rs 26,650 in the national capital Thursday.

Gold, silver extend loss on weak global cues; easing demand

Last Updated: Wednesday, August 26, 2015, 15:43

Tracking a weakening trend overseas and fall in demand from jewellers at prevailing levels, gold prices drifted for the second straight day by losing another Rs 330 to Rs 27,030 per ten grams at the bullion market Wednesday.

Gold price retreats from 3-month high, halts 2-week rally on global cues

Last Updated: Tuesday, August 25, 2015, 15:36

Snapping its two-week winning streak, gold prices on Tuesday retreated from three-month high by falling Rs 215 to Rs 27,360, tracking a weak global trend amid fall in demand from jewellers at prevailing levels.

Gold at fresh 3-month high on seasonal demand, silver weakens

Last Updated: Monday, August 24, 2015, 15:09

However, silver met with resistance at prevailing levels and traded lower by Rs 300 to Rs 36,300 per kg.

Gold price at over 6-week high, ends at Rs 26,700 per 10 grams

Last Updated: Thursday, August 20, 2015, 15:32

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 rises for 10th day, ends at Rs 26,335 per 10 grams

Last Updated: Wednesday, August 19, 2015, 15:16

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.

Gold will rebound only if long dollar trade is unwound

Last Updated: Tuesday, August 18, 2015, 18:36

It is very likely that the day the Fed announces its first rate hike, gold will be in the green, provided the dollar long trade is unwound.

Gold rules firm for ninth day on global cues, seasonal demand

Last Updated: Tuesday, August 18, 2015, 16:44

The yellow metal took positive cues from the global market amid pick-up in domestic demand.

Gold firms on weak US data, China caution lingers

Last Updated: Tuesday, August 18, 2015, 09:17

Gold rallied to its highest since mid-July last week after Beijing`s mini-devaluation of the yuan, as analysts speculated that a weakening Chinese currency could prompt the Federal Reserve to postpone an expected rise in US interest rates.

Gold maintains upward trend on jewellers' buying, global cues

Last Updated: Monday, August 17, 2015, 15:31

Bullion traders said besides persistent buying by jewellers to meet seasonal demand, a firming global trend after China increased its bullion reserves and billionaire Stan Druckenmiller bought the metal, mainly aided the sentiments.

Gold price snaps 7-week descending trend, revisits Rs 25,000-level

Last Updated: Saturday, August 15, 2015, 17:44

Gold staged a resounding comeback from its multi-year low during the holiday-shortened trading week as jewellery traders and retailers ramped up demand ahead of the peak festival season.