Mumbai, July 25 (IANS) Gold prices surged 1.31 per cent on a weekly basis as escalating conflict between the US and Iran, along with a surge in crude oil prices, prompted a flight to safe-haven assets.On Friday, MCX gold August futures gained 0.17 per cent while MCX silver September futures advanced 1.33 per cent. Gold futures settled at Rs 1,43,066, while silver futures at Rs 2,22,301 per kg on the commodity exchange.The price of 10 grams of 24-carat gold was at Rs 1,43,781 on Friday from Rs 1,…
Latest India Bullion and Jewellers Association News & Updates
Mumbai, July 15 (IANS) The implementation of the India-United Kingdom Free Trade Agreement (FTA) is set to provide a major impetus to India’s gems and jewellery exports by lowering tariffs and improving market access for a wide range of products, India Bullion and Jewellers Association (IBJA) President Prithviraj Kothari said on Wednesday.Speaking on the trade pact coming into force, Kothari said exports of jewellery, diamond jewellery, lab-grown diamond jewellery, polished diamonds and other pr…
Mumbai, July 11 (IANS) Gold prices dipped 1.47 per cent on a weekly basis as minutes from the Federal Reserve’s latest policy meeting reinforced expectations of higher‑for‑longer interest rates.However, on Friday, MCX gold August futures were flat while MCX silver July futures inched up 0.01 per cent.At the last close, gold futures stand at Rs 1,43,480, while silver futures at Rs 2,22,680 per kg.The price of 10 grams of 24-carat gold was at Rs 1,43,368 on Friday down from Rs 1,45,512 seen …
Mumbai, July 4 (IANS) Gold recorded its first weekly gain since May as trader expectations for further US Federal Reserve rate hikes moderated, pushing bullion prices around 3.1 per cent for the week.Soft US job numbers and lower energy prices led to investors reducing the expectations of monetary policy tightening.However, on Friday, MCX gold August futures eased 0.01 per cent while MCX silver July futures inched up 0.04 per cent. Currently, gold futures stand at Rs 1,47,365, while silver futur…
New Delhi, June 27 (IANS) Gold prices dipped 4.63 per cent during the week, marking the fourth consecutive weekly decline amid a stronger dollar and persistent expectations of higher US interest rates.On the Multi Commodity Exchange (MCX), gold futures (August) gained 0.75 per cent on Friday, while silver futures (July) surged more than 1 per cent after US inflation data tempered immediate concerns about a Federal Reserve rate hike.Currently, gold futures stand at Rs 1,44,199 and silver futures …
New Delhi, June 10 (IANS) Gold and silver prices opened sharply lower on Wednesday over concerns of US Federal Reserve rate-hike fears.On the Multi Commodity Exchange (MCX), gold futures (August) dipped 1.51 per cent to Rs 1,50,140 per 10 grams at 12.15 pm on an intraday basis.On the other hand, silver futures (July) lost almost 1 per cent to Rs 2,36,239 per kg.The price of 10 grams of 24-carat gold was at Rs 1,48,429 on Wednesday, down from Rs 1,52,519 of the previous day’s market opening, acco…
New Delhi, June 6 (IANS) Gold prices dipped 0.87 per cent during the week as a stronger‑than‑expected US jobs report reinforced expectations that the Federal Reserve could keep interest rates higher for longer.On Friday, MCX gold August futures dipped 2.47 per cent while MCX silver July futures lost 6.27 per cent. Currently, gold futures stand at Rs 1,55,600, while silver futures at Rs 2,48,201 per kg.The price of 10 grams of 24-carat gold was at Rs 1,54,238 on Friday, down from Rs 1,55,599 …
New Delhi, May 23 (IANS) Gold prices rose 0.19 per cent during the week over persistent geopolitical uncertainty and sharp movements in crude prices.On Friday, MCX gold June futures dipped 0.06 per cent while MCX silver May futures lost 0.09 per cent.Currently, gold futures stood at Rs 1,58,588, while silver futures stood at Rs 2,71,600 per kg on the Multi Commodity Exchange (MCX).The price of 10 grams of 24-carat gold was at Rs 1,58,117 on Friday, up from Rs 1,57,821 seen on Monday market openi…
Mumbai, May 16 (IANS) Gold and silver prices jumped by nearly 4 per cent this week amid persistent geopolitical uncertainty and volatile crude oil prices.On the Multi Commodity Exchange (MCX), gold futures (June 5) settled 3.94 per cent or Rs 6,017 higher at Rs 1,58,547 on Friday.Similarly, silver futures (July 3) ended 3.8 per cent or Rs 9,964 higher at Rs 2,71,886 on the commodity exchange.During the week, the yellow metal surged as much as 7.84 per cent or Rs 11,967 to touch an intraday high …
Surat, May 11 (IANS) Supporting Prime Minister Narendra Modi’s appeal to avoid non-essential gold purchases in order to save foreign exchange reserves, industry experts on Monday said that gold should not be viewed merely as a consumption item, but also as a key pillar of India’s culture, savings tradition, financial security and women’s empowerment.India Bullion and Jewellers Association (IBJA) Gujarat President Nainesh Pachchigar said the Prime Minister’s call could help conserve valua…