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…
Latest India Bullion and Jewellers Association News & Updates
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…
New Delhi, May 2 (IANS) Gold prices dipped 0.81 per cent during the week as negotiations between the United States and Iran stalled, denting hopes for near‑term interest‑rate cuts. On Friday, MCX gold June futures gained 0.01 per cent while MCX silver May futures inched up 0.49 per cent. Currently, gold futures stand at Rs 1,51,363, while silver futures stand at Rs 2,47,500 per kg.The price of 10 grams of 24-carat gold was at Rs 1,50,263 on Thursday, down from Rs 1,51,495 seen on Monday mark…
New Delhi, April 25 (IANS) Gold prices dipped 0.34 per cent during the week after precious metals came under corrective pressure due to profit booking.On Friday, MCX gold June futures gained 0.61 per cent while MCX silver May futures inched up 1.39 per cent. Currently gold futures stand at Rs 1,52,683, while silver futures at Rs 2,44,877 per kg.The price of 10 grams of 24-carat gold was at Rs 1,51,479 on Friday up from Rs 1,52,002 seen on Monday market opening, according to data published by the…
New Delhi, April 20 (IANS) The Reserve Bank of India has opened a premature redemption window for holders of Sovereign Gold Bond (SGB) 2020-21 Series VII, with Monday set as the exit date, offering investors returns exceeding 200 per cent on their original investment.The central bank has fixed the redemption price at Rs 15,254 per unit, calculated as the simple average of closing prices for 999-purity gold over the three preceding business days, according to the India Bullion and Jewellers Assoc…
New Delhi, March 21 (IANS) Gold prices dipped 5.89 per cent during the week, over successive sessions of profit booking and stronger dollar.On Friday, MCX gold April futures added 0.23 per cent while MCX silver May futures declined 1.72 per cent. Currently gold futures stand at Rs 1,44,825, while silver futures at Rs 2,27,470 per kg.The price of 10 grams of 24-carat gold was at Rs 1,47,218 on Friday, down from Rs 1,56,436 seen on Monday, according to data published by the India Bullion and Jewel…
New Delhi, March 20 (IANS) India’s gold reserves increased by $664 million to $130.68 billion for the week ended March 13, data released by the Reserve Bank of India on Friday showed.However, India’s total foreign exchange reserves fell by $7.05 billion to $709.76 billion during the week ended March 13.The decline follows an even sharper drop in the previous week ended March 6, when reserves fell by $11.68 billion to $716.81 billion from $728.49 billion.The fall has been largely attributed t…
Mumbai, March 19 (IANS) Precious metals witnessed a steep decline on Thursday despite heightened geopolitical tensions in West Asia, with both gold and silver slipping to multi-week lows amid strong selling pressure during the trading session.According to data from the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold (999 purity) dropped to Rs 1,47,889 per 10 grams, down from Rs 1,54,879 in the previous session — marking a sharp fall of Rs 6,990 in just one day.Silver …
Mumbai, Feb 21 (IANS) Gold prices surged 0.23 per cent during the week, amid renewed buying interest due to global macro-economic factors, safe haven demand and lack of directional cues from the US Federal Reserve.On Friday, MCX gold February futures surged 0.07 per cent while MCX silver March futures added 4.41 per cent. Currently gold futures stand at Rs 1,56,993, while silver futures at Rs 2,52,042 per kg.The price of 10 grams of 24-carat gold was at Rs 1,54,080 on Friday down from Rs 1,54,48…