Gold, Silver Prices On July 31

Posted By: Pawan George Posted On: Jul 31, 2023

Gold prices on Monday, July 31, were lower marginally amid weak demand in the spot market. In Delhi, 22-carat gold price was down by Rs 100 to Rs 55,400 per 10 grams, while 24-carat gold was at Rs 60,430 per 10 grams. Silver was, however, flat at Rs 77,000 per kg.

In Mumbai, 22-carat and 24-carat gold variants were selling at Rs 55,250 and Rs 60,280 per 10 gm. In Bengaluru, 22-carat gold price also stood at Rs 55,250 per 10 gm, while 24-carat gold was at Rs 60,410. In Kolkata, 22-carat gold was also selling at Rs 55,250. However, 24-carat gold was at Rs 60,280 per 10 grams.

In Noida, the gold price of 22-carat was at Rs 55,400 and that of 24-carat stood at Rs 60,430 per 10 grams. In Agra, the prices were the same. In Bhopal, 22-carat gold stood at Rs 55,300 and 24-carat was at Rs 60,330 per 10 grams. In Patna, the prices were the same.

In the futures market, on the MCX, gold was trading lower by 0.22 per cent to Rs 59,655 per 10 grams for October 5 deliveries, while silver was down by 0.24 per cent to Rs 73,883 per kg for September 5 contracts.

In the international market also, gold was trading lower by 0.28 per cent to $1,955 an ounce, while silver was down by 0.35 per cent to $24.32 an ounce in New York.

Ravindra V Rao, vice-president and head (commodity research) at Kotak Securities Ltd, said, “COMEX gold prices whipsawed during the previous week and ended with marginal losses, tracking a rebound in the greenback and treasury yields amid better than expected data from US. The major surprise came from US GDP, which expanded by 2.4 per cent in the second quarter, well above market expectations of 1.8 per cent, underscoring the economy's resilience to higher interest rates."

He added that resilient US economy and elevated price pressures raised the odds of a September rate hike, increasing the opportunity cost of holding the non-interest-bearing precious metals. US Labour data and ISM PMIs will be in spotlight for this week. Bank of England monetary policy meeting and final PMIs from other major economies will add to the volatility.

“Any signs of strength in US Jobs market or expansion in ISM PMIs might raise the odds of a September hike. Dollar might stay buoyed amid US economic outperformance compared with the peers that might pressurize gold prices in the week, Rao said.

Rahul Kalantri, vice-president (commodities) of Mehta Equities, said, “We expect gold and silver to remain volatile in today's session. Gold has support at $1946-1934 while resistance is at $1969-1978. Silver has support at $24.14-23.98, while resistance is at $24.50-24.65. In INR terms gold has support at Rs59,150, 58,980. while resistance is at Rs59,590, 59,670. Silver has support at Rs73,880-73,220, while resistance is at Rs74,940–75,520."

Source: News18
Related Posts: GOLD PRICE,SILVER PRICE

Comment on Post

Leave a comment

If you have a News HTS user account, your address will be used to display your profile picture.



Gold, Silver Prices Today, September 16

Posted By: Preeti Dabar Posted On: Sep 16, 2023

Gold, Silver Prices in India Today, September 16: Gold prices in India on Saturday remained on the positive side. In Delhi, the price of 22-carat gold was up by Rs 200 to Rs 54,900 per 10 grams and that of 24-carat was at Rs 59,890 per 10 grams. Silver was flat at Rs 74,000 per kg.

In Mumbai, Hyderabad and Kolkata, the prices of 22-carat and 24-carat gold stood at Rs 54,900 and Rs 59,890, respectively. In Chennai, the gold prices stood at Rs 55,200 per 10 grams and Rs 60,220 per 10 grams, respectively.

Among other cities, in Bhopal and Patna, gold prices stood at Rs 54,950 per 10 grams and Rs 59,940 per 10 grams for 22-carat and 24-carats, respectively. In Thiruvananthapuram, 22-carat gold price was at Rs 54,900 and 24-carat at Rs 59,890 per 10 grams.

In futures trading, gold on Friday closed 0.70 per cent higher to Rs 58,999 per 10 grams and silver was also higher 1.67 per cent at Rs 72,165 per kg on the MCX during the trade in the morning.

Here are several factors that can influence the price of gold:

Supply and Demand: The gold price is primarily shaped by the interplay of supply and demand in the market. When demand for gold increases, the price tends to go up. Conversely, a surge in the supply of gold can lead to a decrease in the price.

Global Economic Conditions: Global economic conditions also wield a significant influence on the price of gold. During periods of global economic downturns, investors often turn to gold as a safe haven, causing the price to rise.

Political Instability: Additionally, political instability can impact the price of gold. When there is political turmoil or crisis in a major country, investors may seek to safeguard their assets by investing in gold as a hedge against uncertainty, resulting in a higher gold price.

Moreover, the retail price of gold in India represents the cost at which gold is sold to consumers within the country. This price is affected by various factors, including the global gold price, the value of the Rupee, and the expenses associated with labour and materials used in crafting gold jewellery.

Gold holds great significance in India due to its cultural importance, investment value, and traditional role in weddings and festivals.

Source: News18
Related Posts: GOLD AND SILVER PRICE

Comment on Post

Leave a comment

If you have a News HTS user account, your address will be used to display your profile picture.



Gold Rate Marginally Falls In India

Posted By: Pawan George Posted On: Aug 29, 2023

Gold Rate Today In India: On the August 29, the retail cost of 10 grams of gold in various cities across India stands at roughly Rs 59,000. For a more comprehensive breakdown, 10 grams of 24-carat gold are valued at Rs 59,400, whereas an equivalent amount of 22-carat gold can be purchased for Rs 54,500. The price of silver is Rs 76,900 per kilogram.

August 29 retail gold rate (See table below)

Delhi Gold Rate Today

In Delhi, 22 carat gold was priced at Rs 54,600/10 gram. For 24 carat, customers have to pay Rs 59,550/10 grams.

Ahmedabad Gold Rate

The retail price of 22-carat gold in Ahmedabad is Rs 54,500 per 10 grams and the rate of 24-carat gold is Rs 59,450 per 10 grams. This article will be updated if the prices change during the day.

Chennai Gold Rate

22 carat gold is Rs 54,750/10 grams in Chennai. Similarly, Tamil Nadu's capital city has Rs 59,750 per 10 grams retail price of 24 carat gold.

Check gold rates today in different cities on August 29, 2023; (In Rs/10 grams)

On August 29, on Multi Commodity Exchange, gold futures maturing on October 05, 2023 were trading at Rs, 58,978. On the other hand, Silver, maturing on Sep 05, was at Rs 73,799.

Gold prices in India are generally influenced by a variety of factors, including global economic conditions, inflation rates, currency fluctuations, and local demand and supply dynamics.

Here are some factors that can affect the gold rate:

Demand and supply: The gold rate is primarily determined by the interplay of demand and supply in the market. When the demand for gold increases, the rate tends to rise as well. Conversely, if the supply of gold surges, the rate is likely to decrease.

Global economic conditions: Global economic conditions also exert a significant influence on the gold rate. During times of global economic downturns, investors often turn to gold as a safe haven, leading to an upward push in the gold rate.

Political instability: Furthermore, political instability can have an impact on the gold rate too. In instances where there is political turmoil or crisis in a major country, investors may seek to protect their assets by investing in gold as a hedge against uncertainty, leading to an increase in the gold rate.

Furthermore, the retail price of gold in India denotes the cost at which gold is vended to consumers within the country. This value is influenced by various elements such as the worldwide price of gold, the Rupee's value, and the expenses related to labour and materials engaged in crafting gold jewellery.

Gold is considered as an important part in India due to cultural significance, investment value, and its traditional role in weddings and festivals.

Source: News18
Related Posts: GOLD PRICE

Comment on Post

Leave a comment

If you have a News HTS user account, your address will be used to display your profile picture.



Gold, Silver Prices Today, August 25

Posted By: Vanshika Pathak Posted On: Aug 25, 2023

Gold price on Friday, August 25, stood at Rs 54,650 per 10 grams for 22-carats in the spot market. The 24-carat gold was at Rs 59,600 per 10 grams in Delhi. Silver was however down by Rs 500 to Rs 76,400 per kg.

In Mumbai, the price of 24-carat gold stood at Rs 59,450 per 10 grams, which is same as that in Kolkata and Hyderabad, according to Goodreturns.in. Also, 22-carat gold prices in Bengaluru and Chennai stood at Rs 59,450 and Rs 59,820 per 10 grams.

In Agra, 22-carat gold prices stood at Rs 54,500 per 10 grams. In Bhopal, 10 grams of 22-carat gold was at Rs 54,550.

In the futures market, gold was trading down by 0.11 per cent to Rs 58,747 per 10 grams and silver was lower by 0.30 per cent to Rs 73,350 per kg on the MCX.

In the international market also, gold was down at $1,914.4 an ounce, while silver was lower at $24.13 an ounce.

Prathamesh Mallya, deputy vice-president (research), non-agro commodities & currency, Angel One, said, “Amid a resilient dollar and rising bond yields, gold prices maintained stability on Thursday. Investors displayed caution in anticipation of US Federal Reserve Chair Jerome Powell's address at the Jackson Hole symposium."

He added that the symposium, an annual event, has become a focal point for insights into the US Fed's policy direction. Powell's speech, scheduled for Friday, is expected to shed light on the potential trajectory of interest rates.

“Despite a decrease in new claims for unemployment benefits, the tight labor market persisted, influenced by the Fed's assertive rate adjustments. A rebounding dollar and increased US Treasury yields post the jobless claims report further eroded gold's appeal," Mallya.

He expects gold to trade higher towards 58,970 levels, a break of which could prompt the price to move higher to 59,030 levels.

Source: News18
Related Posts: GOLD PRICE,SILVER PRICE

Comment on Post

Leave a comment

If you have a News HTS user account, your address will be used to display your profile picture.



Gold Price Rises Today In India

Posted By: Anita Mamgai Posted On: Aug 24, 2023

Gold Rate Today In India: On August 24th, the retail price of 10 grams of gold in India is approximately Rs 59,000 in multiple cities. To provide a more detailed breakdown, 10 grams of 24-carat gold is priced at Rs 59,230, while the same quantity of 22-carat gold is available for Rs 54,300. In contrast, the value of silver is Rs 75,300 per kilo.

Gold price today: August 24 Retail Gold Rate In India (See table below)

Delhi Gold Price

In Delhi, 22 carat gold was priced at Rs 54,450/10 gram. For 24 carat, customers have to pay Rs 59,400/10 grams.

Ahmedabad Gold Price

The retail price of 22-carat gold in Ahmedabad is Rs 54,350 per 10 grams and the rate of 24-carat gold is Rs 59,280 per 10 grams. This article will be updated if the prices change during the day.

Chennai Gold Price

22 carat gold is Rs 54,660/10 grams in Chennai. Similarly, Tamil Nadu's capital city has Rs 59,630 per 10 grams retail price of 24 carat gold.

Check gold rates today in different cities on August 24, 2023; (In Rs/10 grams)

On August 24, on Multi Commodity Exchange, gold futures maturing on October 05, 2023 were trading at Rs, 58,814. On the other hand, Silver, maturing on Sep 05, was at Rs 73,863.

Gold prices in India are generally influenced by a variety of factors, including global economic conditions, inflation rates, currency fluctuations, and local demand and supply dynamics.

Here are some factors that can affect the gold rate:

Demand and supply: The gold rate is primarily determined by the interplay of demand and supply in the market. When the demand for gold increases, the rate tends to rise as well. Conversely, if the supply of gold surges, the rate is likely to decrease.

Global economic conditions: Global economic conditions also exert a significant influence on the gold rate. During times of global economic downturns, investors often turn to gold as a safe haven, leading to an upward push in the gold rate.

Political instability: Furthermore, political instability can have an impact on the gold rate too. In instances where there is political turmoil or crisis in a major country, investors may seek to protect their assets by investing in gold as a hedge against uncertainty, leading to an increase in the gold rate.

Furthermore, the retail price of gold in India denotes the cost at which gold is vended to consumers within the country. This value is influenced by various elements such as the worldwide price of gold, the Rupee's value, and the expenses related to labour and materials engaged in crafting gold jewellery.

Gold is considered as an important part in India due to cultural significance, investment value, and its traditional role in weddings and festivals.

Source: News18
Related Posts: GOLD PRICE IN INDIA

Comment on Post

Leave a comment

If you have a News HTS user account, your address will be used to display your profile picture.



Gold Price Today In India

Posted By: Vanshika Pathak Posted On: Aug 23, 2023

Gold Rate Today In India: As of August 23, the retail cost of 10 grams of gold in India stands at around Rs 59,000 across numerous cities. To break it down further, 10 grams of 24-carat gold commands a price of Rs 59,130, whereas an equivalent amount of 22-carat gold carries a price tag of Rs 54,200. In comparison, silver is valued at Rs 74,800 per kilo.

Gold price today

The retail price of 22-carat gold in Ahmedabad is Rs 54,100 per 10 grams and the rate of 24-carat gold is Rs 59,020 per 10 grams. This article will be updated if the prices change during the day.

August 23 Retail Gold Price In India (See table below)

Delhi Gold Price

In Delhi, 22 carat gold was priced at Rs 54,300/10 gram. For 24 carat, customers have to pay Rs 59,220/10 grams.

Chennai Gold Price

22 carat gold is Rs 54,550/10 grams in Chennai. Similarly, Tamil Nadu's capital city has Rs 59,500 per 10 grams retail price of 24 carat gold.

Check gold rates today in different cities on August 23, 2023; (In Rs/10 grams)

On August 23, on Multi Commodity Exchange, gold futures maturing on October 05, 2023 were trading at Rs, 58,559. On the other hand, Silver, maturing on Sep 05, was at Rs 72,217.

Gold prices in India are generally influenced by a variety of factors, including global economic conditions, inflation rates, currency fluctuations, and local demand and supply dynamics.

Here are some factors that can affect the gold rate:

Demand and supply: The gold rate is primarily determined by the interplay of demand and supply in the market. When the demand for gold increases, the rate tends to rise as well. Conversely, if the supply of gold surges, the rate is likely to decrease.

Global economic conditions: Global economic conditions also exert a significant influence on the gold rate. During times of global economic downturns, investors often turn to gold as a safe haven, leading to an upward push in the gold rate.

Political instability: Furthermore, political instability can have an impact on the gold rate too. In instances where there is political turmoil or crisis in a major country, investors may seek to protect their assets by investing in gold as a hedge against uncertainty, leading to an increase in the gold rate.

Furthermore, the retail price of gold in India denotes the cost at which gold is vended to consumers within the country. This value is influenced by various elements such as the worldwide price of gold, the Rupee's value, and the expenses related to labour and materials engaged in crafting gold jewellery.

Gold is considered as an important part in India due to cultural significance, investment value, and its traditional role in weddings and festivals.

Source: News18
Related Posts: GOLD PRICE,GOLD PRICE IN INDIA

Comment on Post

Leave a comment

If you have a News HTS user account, your address will be used to display your profile picture.

POPULAR News

icon
Bussiness Petrol and diesel prices In India remained stagnant on Thursday, continuing the year long price stability, that has been seen since May 21 last year, when the previous pan-India revision to fuel rates was carried out. Prices across major cities including New Delhi, Kolkata, Mumbai, Chennai did not r
icon
Bussiness Stocks to Watch: Nifty futures traded 26 points, or 0.13 per cent, higher at 19,816, signaling that Dalal Street was headed for a positive start on Monday. Here's a slew of stocks that will be in focus today for various reasons. Stocks to Watch: Nifty futures traded 26 points, or 0.13 per cent, higher at 1
icon
Bussiness OMG 2, directed by Amit Rai, received a warm welcome from the audience. The film, featuring Pankaj Tripathi, Akshay Kumar, and Yami Gautam, achieved a strong opening at the domestic box office on its first day of release. OMG 2, directed by Amit Rai, received a warm welcome from the audience. The film, f
icon
Bussiness MCX Q1 Results: Multi Commodity Exchange of India (MCX) announced its April-June quarter results for fiscal 2023-24 (Q1FY24) on July 29, reporting a decline of 52.5 per cent in consolidated net profit of ₹19.66 crore, compared to ₹41.46 crore in the corresponding period last year. The operating inc
icon
Bussiness Power trading solutions provider PTC India on Saturday posted a 5.62 per cent year-on-year rise in its consolidated net profit at ₹142.70 crore for the April-June quarter of this fiscal, mainly on the back of higher revenues. Power trading solutions provider PTC India on Saturday posted a 5.62 per ce
icon
Bussiness As the deadline for filing Income Tax Returns (ITR) is just one day away, the department stated that more than 6 crore tax returns have been filed for income earned in the 2022-23 fiscal year as of Sunday evening. A total of 27 lakh ITRs have been received by the income tax department, number which has surp
icon
Bussiness Petrol, and Diesel Prices on August 10: The price of Petrol and Diesel remained constant on Wednesday, August 10 across major cities like New Delhi, Kolkata, Mumbai, and Chennai. The petrol and diesel rates for each day, whether new or constant, are announced at 6 am on the day. These, however, vary fro
icon
Bussiness RBI MPC Meeting 2023 Live Updates: Will Guv Das Hike Repo Rate Or Leave it Unchanged? Updated 1 hour ago
icon
Bussiness LPG Cylinder Rates: Oil marketing companies have cut the price of 19 kg LPG gas cylinders across the country. There has been a reduction of Rs 100 in Delhi. At the same time, a reduction of around Rs 93 has been made in other metros. Now 19 kg cylinder will be available in Delhi for Rs 1680, which was till now a
icon
Bussiness Petrol, and Diesel Prices on July 31: The price of Petrol and Diesel remained constant on Monday, July 31 across major cities like New Delhi, Kolkata, Mumbai, and Chennai. The petrol and diesel rates for each day, whether new or constant, are announced at 6 am on the day. These, however, vary from state t
icon
Bussiness India and Britain could sign a free trade agreement (FTA) this year as both countries have reached consensus on the broad contours of the proposed deal aiming to boost economic growth and jobs, a top Indian trade ministry official said. India and Britain could sign a free trade agreement (FTA) this yea
icon
Bussiness Balrampur Chini Mills posted strong Q1 results on Saturday as their profit jumped a whopping 493% to touch ₹73.5 crore during the quarter ending June 2023. During the same quarter last fiscal, the company posted consolidated net profit of ₹12.38 crore. The revenue of the company rose 28% from ₹1,094.
icon
Bussiness The price of gold marginally dropped on Thursday, with the cost of 1 gram of 22 carat gold declining to ₹5,495 from yesterday's ₹5,505, as per the figures released by Goodreturns. Accordingly, the price of 8 grams of 22 carat gold also decreased to ₹43,960 from the previous figure of ₹44,040, marking a p
icon
Bussiness Reliance Industries Ltd, India's most valuable company, has sought shareholder's approval to give Mukesh Ambani another five-year term as chairman and managing director of the company till 2029 -- a period during which he has opted to draw nil salary.
icon
Bussiness Go First airline, which has been grounded since early May, has announced a further extension of flight cancellations till July 31, the airline announced in a tweet on Sunday. Go First airline, which has been grounded since early May, has announced a further extension of flight cancellations till Jul
icon
Bussiness In order to settle the pending contractual disputes of government and government undertakings, the finance ministry has launched the ‘Vivad se Vishwas II – (Contractual Disputes)' scheme, according to an official statement released on Wednesday. Finance Minister Nirmala Sitharam announced th
icon
Bussiness If you did not link your Permanent Aadhaar Number (PAN) to Aadhaar before June 30, your PAN is now considered inoperative. This means you'll face some problems with your financial activities and taxes. For instance, you won't be able to invest in bank fixed deposits or mutual fund schemes, file income
icon
Latest News India is currently seeing a surge in cases of acute conjunctivitis or eye flu. It is caused by various factors, such as allergies or infections, resulting in inflammation of the conjunctiva that covers the white part of the eyeball. The incessant rain, humid conditions, and waterlogging are providi
icon
World Isolated internationally and authority tested by a failed mutiny, Russia hosted African leaders for a summit in his native Saint Petersburg to project normalcy and display support from its allies. Isolated internationally and authority tested by a failed mutiny, Russia hosted African leaders fo
icon
World ‘RIP Tylee' is trending on social media after Canadian entrepreneur Ryan Cohen's pooch, Tylee, died. Ryan took to Instagram to share the news, adding that Tylee inspired him to start his e-commerce company, Chewy, in 2011. Ryan was the company's CEO until 2018, and is the executive chairman of GameSt
icon
Bussiness The Reserve Bank of India (RBI) has announced the launch of the Pilot Project for Public Tech Platform for Frictionless Credit by Reserve Bank Innovation Hub (RBIH), a wholly-owned subsidiary of the RBI. The Reserve Bank of India (RBI) has announced the launch of the Pilot Project for Public Tech Platform for Frictionless Credit by Reserve Bank Innovation Hub (RBIH), a wholly-owned subsidiary of the RBI.
icon
World Ukrainian President Volodymyr Zelensky arrived in the Netherlands on Sunday aiming to strengthen his country's air power, a day after a “heinous" Russian missile strike killed seven people and wounded 148 in Chernihiv. Ukrainian President Volodymyr Zelensky arrived in the Netherlands on Sunday aiming to strengthen his country's air power, a day after a “heinous" Russian missile strike killed seven people and wounded 148 in Chernihiv.
icon
Bussiness India's foreign exchange reserves jumped $708 million to $602.161 billion for the week ended August 11, the Reserve Bank of India (RBI) said on Friday. This is the first increase in the kitty after declining for three consecutive weeks. In the previous reporting week, the overall reserves had declined $2.417 billion to $601.453 billion.
icon
Entertainment Filmmaker Anurag Kashyap recently gave a glowing review to Karan Johar's directorial comeback Rocky Aur Rani Kii Prem Kahaani. After Anurag revealed he loved, cried and watched the film twice, many users took to the comment section of his post and criticised the film. Responding to them all, Anurag c
icon
Life Style Disha Patani went out for a dinner date with her friends last night. The actor got clicked by the paparazzi outside a restaurant in Mumbai. Known for embracing risqué fashion statements, Disha slayed another look for the outing. She wore a golden mini dress featuring intricately-placed cut-outs. Sc