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Posts tagged as: Gold price

Gold prices maintained an upward trend for the fourth-straight day to Rs 27,600 per 10 grams

Gold prices maintained an upward trend for the fourth-straight day by adding Rs 200 to Rs 27,600 per 10 grams in the national capital Tuesday on sustained buying by stockists and retailers. Gold prices in futures trade however, failed to maintain their winning streak and fell by Rs 199 per ten grams amid down trend […]

Gold inched lower on Thursday

Gold inched lower on Thursday, hovering below a 1-week high hit earlier this week, as firm equities sapped interest in the precious metal, which has seen steady outflows on exchange-traded funds. Gold shrugged off news the Russian Federation raised its gold reserve for a fifth straight month in March and Turkey added to its holdings for a fourth month. FUNDAMENTALS […]

Gold futures rose for the fourth time in five sessions

Gold futures rose for the fourth time in five sessions as investor demand for coins surged amid a slump in exchange-traded products backed by the metal. Britain’s Royal Mint sold more than three times the amount of coins this month than a year earlier after prices dropped the most in three decades, while the U.S. Mint ran […]

Gold to retrace to $1,394 -technicals

Gold rose more than 1 percent on Wednesday on bargain-hunting after a drop in the previous session, but pressure from a firm U.S. dollar, strong equities and daily falls in the holdings of exchange-traded funds look set to cap prices. Although demand for gold bars, coins, nuggets and other products has surged in Asia after prices plunged to their weakest in […]

Gold edged up on Monday

Gold edged up on Monday and held above the psychologically key level of $1,400 an ounce, although sentiment was shaky after steady outflows from exchange-traded funds trimmed holdings to their lowest in three years. But physical demand was expected to offer support as gold retailers struggled to cope with a surge in buying interest for bars, coins, nuggets and jewellery following […]