Gold eases towards one-month low ahead of Fed meeting

Last Updated: Wednesday, September 16, 2015, 07:48

Gold eased back toward last week`s one-month low on Tuesday as U.S. retail sales data lifted the dollar index, and as caution ahead of this week`s Federal Reserve announcement on interest rates kept buyers on the sidelines.

Gold eases to around one-month low as Fed meeting nears

Last Updated: Tuesday, September 15, 2015, 08:21

Spot gold fell 0.3 percent to $1,103.68 an ounce by 1148 GMT. It had fallen to $1,098.35 on Friday, the lowest since Aug. 11.

Gold eases to around one-month low as Fed meeting nears

Last Updated: Tuesday, September 15, 2015, 07:23

Gold edged down on Monday to just above a one-month low, as European stocks rose ahead of a Federal Reserve policy meeting that will be scrutinized for clarity on when the U.S. central bank will raise interest rates.

Gold ends flat, silver turns weaker on reduced offtake

Last Updated: Monday, September 14, 2015, 15:36

Silver, however, eased further by Rs 100 to Rs 34,800 per kg on lack of buying support from industrial units and coin makers.

Gold hovers near one-month low as traders eye Fed meeting

Last Updated: Monday, September 14, 2015, 10:04

The Fed will kick off a much awaited two-day policy meet on Wednesday. Many expect traders to remain on the sidelines until the Fed statement on Thursday, though prices could drop because of persistent uncertainty.

Gold imports cross 120 tonnes in Aug, highest so far in FY16

Last Updated: Sunday, September 13, 2015, 12:55

Gold imports stood at 89 tonnes in July 2015. In August last year, the figure was 50 tonnes.

Gold slips below Rs 26,000-mark on weak demand, global cues

Last Updated: Saturday, September 12, 2015, 15:39

Standard gold (99.5 purity) declined by Rs 40 to finish at Rs 25,960 per 10 grams from Friday's closing level of Rs 26,000.

Sovereign gold bond scheme more likely to succeed: Nomura

Last Updated: Friday, September 11, 2015, 15:46

Annual investment demand for gold is estimated at 300 MT per annum, which is around 35 percent of India's gold import bill (USD 34 billion in fiscal year 2014-15).

Jewellers buying, firm global cues lift gold prices by Rs 45

Last Updated: Friday, September 11, 2015, 14:48

Snapping its three-day losing streak, gold prices recovered by Rs 45 to Rs 26,460 at the bullion market Friday on emergence of buying by jewellers and retailers to meet wedding season demand amid upbeat global trend.

Drought dents India gold demand; prices still appealing

Last Updated: Friday, September 11, 2015, 11:05

Nearly two-thirds of India`s gold demand comes from rural areas where jewellery is a traditional store of wealth for millions who have no access to the formal banking system.

Gold firms near $1,110 but poised for third weekly drop

Last Updated: Friday, September 11, 2015, 08:52

Spot gold was little changed at USD 1,111 an ounce, after gaining 0.5 percent in the previous session.

Gold monetisation scheme: 2% interest likely on gold deposits

Last Updated: Thursday, September 10, 2015, 20:24

The government is gearing up to launch the gold monetisation scheme around Diwali with an interest rate of 1.5-2 percent on gold deposits, said a senior finance ministry official.