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 struggles even as equities drop further after China rate cut

Last Updated: Wednesday, August 26, 2015, 10:28

Gold slipped on Wednesday, struggling to draw buyers even as Asian stocks fell further despite China`s latest policy easing with investors remaining wary of a near-term hike in U.S. interest rates.

Spooked investors seek other havens over gold, for now

Last Updated: Tuesday, August 25, 2015, 23:39

As a broad rule, bullion tends to benefit from stock market weakness as an alternative asset, but previous equity crashes show the initial price response can be to fall.

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 holds below seven-week high as dollar, equities recover

Last Updated: Tuesday, August 25, 2015, 09:24

Gold hovered below a seven-week high on Tuesday as equity markets and the U.S. dollar rebounded from a brutal selloff in the prior session that was fuelled by fears over the fate of the Chinese economy.

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 stands tall at seven-week high on China fears amid equities rout

Last Updated: Monday, August 24, 2015, 08:13

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

Last Updated: Saturday, August 22, 2015, 23:45

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.

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 prices extend gains, now at 3-month high

Last Updated: Saturday, August 22, 2015, 16:14

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.

India's imports of gold-silver alloy may almost double

Last Updated: Saturday, August 22, 2015, 16:11

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

Last Updated: Saturday, August 22, 2015, 14:55

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.