China beat Indonesia to win Suhandinata Cup for 15th time; India, Japan claim bronze
Gulveer Singh clocked 28 minute 38.63 seconds to win the gold to claim the gold medal in the men's 10,000m race at the Asian Athletics Championships.
'My parents have the biggest role in what I have become. They always told me that if you dream, dream big.'
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.
India had a successful outing at the Archery World Cup Stage 2, bagging two gold medals, a silver and bronze, in Shanghai, on Saturday. The gold medals were won by Madhura Dhamangaonkar and the compound men's team, while the women's compound team won silver and the mixed team bronze.
In Singapore, gold prices have risen by 0.46 per cent to $ 1,294.20 from $ 1,288 per ounce in last one fortnight.
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.
India's exports grew 6.74 per cent to $36.38 billion in September, while imports jumped 16.6 per cent, widening the trade deficit to $31.15 billion, the highest in over a year. The increase in inbound shipments of gold, fertiliser and silver has pushed the country's imports in September to $68.53 billion against $58.74 billion in the same month last year, official data released on Wednesday showed.
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.
Silver also found buying support and gained Rs 150 to Rs 37,350 per kg.
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.
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.
Tejaswani aggregated 31 after firing 50 shots in the eight-women final in the women's 25m pistol event.
Gold prices remained steady for the second straight day at Rs 27,250 per 10 grams at the bullion market on Tuesday.
In Mumbai, gold of 99.9 and 99.5 per cent purity traded at Rs 29,915 and Rs 29,765 per ten gram, while silver enquired at Rs 45,450 per kg.
The government on Monday reduced import tariff value on gold to $388 per 10 grams and on silver to $540 per kg, following global price trends.
India's Mehak Sharma won a silver medal in women's +86kg category while Lovepreet Singh settled for a bronze in men's +110kg on the concluding day of the Commonwealth Weightlifting Championships
Silver also dropped by Rs 550 to Rs 40,350 per kg.
Ritika bagged gold in the women's 80+kg category as India finished a creditable overall fourth in the Under-22 category of the Asian Boxing Championships in Bangkok on Monday.
Marketmen said besides low demand from jewellers and retailers at prevailing levels, a weak global trend as the dollar touched a five-year high, damping investor demand for the metal as a safe-haven, weighed on gold prices.
Globally, gold fell by 0.24 per cent to $1,182.80 an ounce and silver shed 0.72 per cent to $15.89 an ounce in London.
Silver also edged higher by Rs 100 to Rs 36,100 per kg.
On the domestic front, gold of 99.9 and 99.5 per cent purity plunged further by Rs 375 each to Rs 28,350 and Rs 28,150 per 10 grams, respectively. Sovereigns continued to be asked around previous level of Rs 24,400 per piece of eight grams in scattered deals.
Gold prices on Monday recovered by Rs 25 to trade at Rs 27,475 per 10 grams at the bullion market on pick-up in demand from jewellers.
At the domestic front, gold of 99.9 and 99.5 per cent purity declined by Rs 20 each to Rs 30,180 and Rs 29,980 per ten grams, respectively.
Traders said reduced offtake by stockists at prevailing higher levels and sluggish demand mainly kept pressure on both gold and silver prices.
Traders said stockists selling against sluggish demand at higher levels mainly led to fall in gold and silver prices.
Traders said besides reduced offtake by stockists and jewellers in view of off-marriage season, weak trend in global markets mainly led to the fall in gold and silver prices.
Traders said brisk buying by stockists and jewellery fabricators to meet the rising festive and wedding demand mainly led an upsurge in gold and silver prices.
Traders said apart from fresh buying by jewellers and retailers, firm global trend amid signs of increased demand in China and India, the world's two largest consumers, influenced gold prices.
Other celebs also brought drama and plenty of style to the Vogue event. From Neena Gupta's timelessness to Kusha Kapila's fringe sparkle, the night was a fashion dhamaka.
Most consumers are going for token buying of lesser value and are waiting for price correction for purchase of wedding jewellery.
Traders said subdued demand from jewellers and retailers at prevailing levels and a weak global trend led to fall in gold and silver prices.
Bullion merchants said sustained buying by stockists on the back of pick-up in seasonal demand and a firm global trend mainly led to the rise in gold and silver prices.
Dutchwoman Femke Bol announced on Friday that she is switching from the 400 metres hurdles to the 800m and will start competing in her new event next year.
Traders said sustained buying by stockists and retailers amid a firm global trend where gold advanced as the drop to the lowest level in 34 months last week lured buyers mainly influenced the sentiment.
Traders attributed the recovery in gold prices to fresh buying by jewellers to meet festive season demand and a firming global trend as investors weighed tension over Ukraine.
Elavenil Valarivan strikes 10m air rifle gold; juniors continue dominance
Traders said emergence of buying at prevailing lower levels by jewellers and retailers mainly supported the upside in prices of precious metals.
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