Gold continued its rising streak for the third day and rose by Rs 20 to Rs 27,860 per ten grams in New Delhi on Friday on festive season demand from jewellers and retailers amid a firming global trend.
Gold prices fell by Rs 50 to Rs 27,800 per ten grams in special Diwali trading in New Delhi on Thursday largely in tandem with a weakening global trend.
The government on Friday hiked import tariff value on gold to $401 per 10 grams and on silver to $543 per kg in line with global price trends.
Gold and silver zoomed to all-time highs in New Delhi on Monday on brisk buying by stockists and jewellers for the upcoming marriage season amid firm global cues.
For last fortnight, the tariff value of gold was fixed at $382 per 10 grams and silver at $516 per kg.
The exchange also asked traders to square off their trading positions in three contracts -- gold February 2015, kapas March 2015 and kapas April 2015.
The 29-year-old Indian athlete finished ahead of South Korea's Yu Gyumin and Kim Jang-woo, both Asian Championships bronze medal winners.
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American Brittany Brown surprised herself with the sprint double at New York's Athlos meet on Friday, as Briton Keely Hodgkinson won the 800 metres to end her injury-dented season on a high.
Silver followed suit and lost Rs 350 at Rs 43,950 per kg on reduced offtake by industrial units and coin makers.
The import tariff value is the base price at which the customs duty is determined.
Brisk buying for the ongoing marriage season and rising demand from industrial units resulted in this rise.
Neeraj, who will look to defend his javelin throw title in Tokyo, and Arshad were expected to mark their first face-off this year at the Silesia Diamond League in Poland in August.
Gold plunged by Rs 340 to Rs 30,660 per ten grams in the national capital on Friday on fall in demand amid a steep decline in the global markets.
Tariff value is the base price on which the customs duty is determined to prevent under -invoicing.
Traders said emergence of buying at existing lower levels to meet the ongoing marriage season demand mainly led to recovery in gold prices.
Globally, gold prices slipped by 0.26 per cent to $1,246.20 an ounce in early trade in London.
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The import tariff value -- base price at which customs duty is determined to prevent under-invoicing -- is revised on a fortnightly basis.
Gold prices inched closer to the psychological mark of Rs 1 lakh per 10 grams as the bullion rates surged Rs 1,650 in the national capital on Monday on weak dollar and uncertainties over US-China trade war driving demand. According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity reached Rs 99,800 per 10 grams on Monday. Its value had declined Rs 20 to close at Rs 98,150 on Friday.
Arya Borse and Arjun Babuta dished out a thoroughly dominant performance and outplayed China's reigning Olympic and World champion duo Zifei Wang and Lihao Sheng 17-7 to win the gold medal in the 10m air rifle mixed team event of the ISSF World Cup.
Spot silver rose 0.3 per cent to $15.35 an ounce.
The government on Wednesday hiked the import tariff value on gold and silver to $431 per 10 grams and $646 per kg, respectively, taking firm global cues.
Rashmika adds gold to India's tally in the junior competition.
'There's no pressure of the Olympics but at the same time, I am not being complacent about it.'
The government on Monday slashed import tariff value on gold and silver to $408 per 10 grams and $617 per kg respectively, in view of weakness in bullion prices globally.
In Singapore, gold prices have risen by 0.46 per cent to $ 1,294.20 from $ 1,288 per ounce in last one fortnight.
India has fielded a 12-member squad, the 2017 world champion and 2022 silver medallist Chanu remains the country's lone realistic medal contender.
Forecasters are bullish on gold in long term but for the short term, this market may have some more work to the downside. Normally, gold and silver are the destination of a 'flight to quality' during nervous markets, but that was not the case last month. The gold and silver markets fell in the final week of the commodity decline. Gold surpassed the $1000 mark briefly, but fell to the deflationary forces by declining $100 before recovering in the last full week of March.
New Delhi has been chosen as the host city of the next Badminton World Championships in August 2026, the sport's global governing body BWF announced on Monday.
Showing superb control, Lim chose to slow the tempo in the second set but still outscored Gatha, who slipped to two 8s and a 9.
Neeraj Chopra made it look effortless as he sealed his spot at the World Athletics Championships with a stunning first throw in Tokyo on Wednesday.
Silver also found buying support and gained Rs 150 to Rs 37,350 per kg.
Retail investors are turning to the commodities market as an investment option. Rising commodity prices have resulted in these giving better returns than equity markets.
Duplantis first broke the world record in February 2020, when he cleared 6.17 metres to eclipse France's Renaud Lavillenie. Since then, he's been inching it higher.
Government on Friday hiked the import tariff value on gold and silver to $433 per 10 grams and $699 per kg, respectively, taking into account the volatility in the precious metals' global prices.
While gold prices declined by Rs 340 to Rs 30,200 per ten gram, silver dropped by Rs 540 to Rs 48,455 per kg on reduced offtake by jewellers and coin makers.
'At the previous edition in Kobe, India won 17 medals. With a stronger team this time, I am confident we will surpass 20 medals and create history on home soil.'
Gold in global markets fell toward a one-week low as investors awaited the outcome of the US Federal Reserve's meeting and assessed the situation in Ukraine, which impacted the prices at domestic markets, traders said.
It's been an emotional night for many film folk across India, as they were honoured at the National Awards.
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