India's gold demand could hit 950 tonnes as prices fall: Valcambi

Last Updated: Saturday, August 22, 2015, 22:44

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 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.

UAE raises gold import duty issue with India

Last Updated: Monday, August 17, 2015, 22:50

The UAE Monday raised the issue of India's high gold import duty affecting its exports to the country even as the two nations agreed on a wide range of steps to boost their economic ties.

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.

Exports continue to slide for 8th month; dip 10.3% in July

Last Updated: Friday, August 14, 2015, 19:26

Hit by global slowdown, India's exports contracted for the eighth straight month by 10.3 percent in July to USD 23.13 billion, pushing the trade deficit to USD 12.81 billion.

Gold price today: Latest updates

Last Updated: Thursday, August 13, 2015, 19:49

Gold prices fell by Rs 135 to Rs 25,879 per 10 grams in futures trade Thursday amid a weak trend overseas and profit-booking by speculators.

Gold price climbs for sixth day, gains Rs 190 to Rs 26,190 per ten gram

Last Updated: Thursday, August 13, 2015, 15:39

Tracking a firming trend overseas and pick up in demand from jewellers, gold continued its upward trend for the sixth straight day and gained another Rs 190 to Rs 26,190 per ten gram at the bullion market Thursday.

Gold price ticks up, but still below Rs 25,000-level in India

Last Updated: Monday, August 10, 2015, 10:23

Gold prices moved up marginally by Rs 17 to Rs 24,912 per ten grams in futures trade Monday.

Gold reserves plunge, forex kitty dips to $353.46 bn

Last Updated: Friday, August 7, 2015, 20:25

India's gold reserves fell sharply by USD 824.2 million as the metal's prices weakened globally, but gains in currency assets limited the dip in overall forex reserves, which were down USD 187.6 million at USD 353.46 billion for the week ended July 31.