Gold price maintains uptrend on global cues, jewellers’ buying

collected by :kiven Dixter

Globally, gold rose 0.75% to $1,231.50 an ounce and silver by 1.47% to $15.51 an ounce in New York in yesterday's trade. Globally, gold rose 0.75% to $1,231.50 an ounce and silver by 1.47% to $15.51 an ounce in New York in yesterday's trade. Increased buying by local jewellers at the domestic spot market too supported the upmove, they said. In the national capital, gold of 99.9% and 99.5% purity advanced by ₹130 each to ₹30,970 and ₹30,820 per 10 grams, respectively. "Price action suggests that the RBI intervened via state banks and that has helped the rupee recover", the Bloomberg report added.

Gold price falls on sluggish demand, weak global cues

Globally, gold fell 0.47% to $1,241 an ounce and silver by 0.88% to $15.79 an ounce in New York on Friday. Photo: MintNew Delhi: Gold price fell by ₹25 to ₹31,090 per 10 gram in tandem with a weak global trend and muted demand from local jewellers, reported PTI. Globally, gold fell 0.47% to $1,241 an ounce and silver by 0.88% to $15.79 an ounce in New York yesterday. In the national capital, gold of 99.9% and 99.5% purity fell by ₹25 each to ₹31,090 and ₹30,940 per ten gram, respectively. In sync with gold, silver ready traded lower by ₹115 to ₹39,915 per kg and weekly-based delivery by ₹220 to ₹39,045 per kg.

Gold price eases on firm dollar ahead of central bank meetings

As it stated in Gold price eases on firm dollar ahead of central bank meetingsGold prices slipped on Monday as the dollar stood tall against its peers ahead of key central bank meetings and U.S. inflation and payrolls data this week. The dollar rose slightly in Asia against major rivals on Monday, as market participants awaited central bank meetings this week, which could set the near-term course for currencies. We've got a lot of central bank meetings this week but I think the big one for us is probably the Federal Open Market Committee (FOMC). Investors are also looking ahead to the Bank of Japan meeting for signs of a potential policy shift. Asian shares drifted lower on Monday at the start of a busy week peppered with corporate results and updates on U.S. inflation and payrolls, as well as the central bank meetings.