Live mint declare : Gold prices fall below Rs29,000 on weak global cues : 2017-05-23

collected by :Irax John

according to Also Read: Global gold prices steady after Manchester blastGold prices had gained Rs 50 on Monday. Traders said apart from a weak trend overseas, fading demand from local jewellers mainly pulled down gold prices. In the national capital, gold prices of 99.9% and 99.5% purity tumbled Rs235 each to Rs28,915 and Rs28,865 per 10 grams respectively. Photo: BloombergNew Delhi: Gold prices plunged Rs235 to Rs28,915 per 10 grams at the bullion market on Tuesday amid a weak trend overseas and fall in demand from local jewellers. Globally, gold prices fell 0.02% to $1,260.10 an ounce in Singapore.


As it stated in Read the full story: Gold prices tally highest settlement in 3 weeks Gold prices climbed Monday to settle at their highest level in three weeks. June gold GCM7, -0.05% rose $7.80, or 0.6%, to settle at $1,261.40 an ounce. Prices settled at their highest since April 28, according to FactSet data. The yellow metal found support as the euro strengthened, pressuring the U.S. dollar index, as German Chancellor Angela Merkel blamed the European Central Bank policies for marking the single currency "too weak."
As it stated in

Gold prices tally highest settlement in 3 weeks

Gold rose on Monday, adding to the largest weekly gain since mid-April, as declines in the U.S. dollar index sent prices to the highest finish in three weeks. June gold GCM7, -0.06% tacked on $7.80, or 0.6%, to settle at $1,261.40 an ounce—the highest settlement since April 28, according to FactSet data. In exchange-traded funds, the SPDR Gold Trust GLD, +0.42% rose 0.6%, while the VanEck Vectors Gold Miners ETF GDX, +1.31% added 2.1%. Gold scored a roughly 2.1% advance last week, a trading stretch marked by rising volatility and political unrest in the White House. Financial markets now rate the probability of the U.S. Federal Reserve's policy-setting committee raising interest rates at its next meeting in mid-June as being roughly 70%.

Gold prices tally highest settlement in 3 weeks


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