Extending gains for the third day, gold prices rose by Rs 300 to Rs 30,700 per ten gram in the national capital today on sustained buying by stockists for the ongoing marriage season amid a firming global trend.
Import growth moderated to a four-month low, owing to sharp decline in that of gold.
Silver followed suit and recovered Rs 400 to Rs 34,100 per kg.
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On the domestic front, gold of 99.9 and 99.5 per cent purity recovered by Rs 15 each to Rs 30,050 and Rs 29,850 per ten gram, respectively.
Silver also turned weak and dropped by Rs 350 to Rs 41,200 per kg on reduced offtake by industrial units and coin makers.
More than 40% of the companies surveyed showed job contraction in FY18, says a report by CARE Ratings
Gold is often considered a 'hedge' against an economic uncertainty.
Replaces China as imports more than double to 204 tonnes in September quarter, with demand up 39%.
According to the Q2 09 Gold Demand Trends report released on Wednesday by WGC, 'investment demand for gold remained very strong in the second quarter of 2009, rising 46 per cent on year-earlier levels as investors continued a flight to quality'.
Globally, gold fell by 1.32 per cent to $1,125.40 an ounce and silver by 3.98 per cent to $14.11 an ounce in New York in yesterday's trade.
Continuing its record setting spree, gold on Friday surged by Rs 100 and touched a new high of Rs 17,500 per 10 gram in the bullion market in New Delhi on heavy buying by jewellery makers amid firming global trend.
Custom authorities have been keeping strict vigil on the cargo movements from Bhutan, Taiwan, China, Afghanistan, South Korea Japan, and Dubai since January.
Traders have used this as an opportunity to stock up silver.
One reason for the surge in cases is the spread of infection at large weddings. Weddings turned out to be super spreaders.
Mandatory hallmarking of gold would be a positive in making the gold market more organised. Mandatory hallmarking would come into effect from January 15, 2020, with a one-year transition period for trade to sell existing inventories. Experts also expect more policy measures next year to bring in more transparency in terms of gold as an asset class.
Gold prices surged by Rs 100 to close at Rs 15,090 per ten gram today on heavy buying by jewellery fabricators amid firming global trend.
Extending gains for the fifth day in a row, gold prices surged to a 52-week high here at Rs 15,000 per ten gram on aggressive buying by funds in line with firming overseas trend.
Imports in 2016 expected to be lowest in 7 years but experts don't rule out a revival in demand if the yellow metal's price falls
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.
Demand will boom in the US and China, but exporters say it will be difficult for India to tap these markets.
When it comes to rewarding top- performing employees, many large corporates are giving out expensive gifts such as latest iPhones, Mercs, flats and jewellery
A downturn in Indian demand could hit global gold prices.
A recent survey by Bureau of Indian Standards in Delhi revealed that there was indeed cheating on the part of jewelers and consumers were getting much lesser value for gold for the amount they pay.
Globally, jewellery buying fell 14%, investment slid 11%.
Spot gold was substantially higher at USD 1,117.40 an ounce in early European trade.
Price up on weak dollar and strong demand
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'Let us stand together in displaying our utter and complete lack of spine, in safeguarding our hundreds of crore rupees of income and in supporting this military-style mobilisation against the very masses who have practically treated us as gods and to whom we owe everything we enjoy.'
Gold closed at its highest level in nearly two weeks.
A set of thin silver bangles will add a touch of bling to any outfit.
Recent recovery in the white metal was reflected in a falling gold to silver price ratio.
In spite of an overall healthy rise in exports, there are many traditional sectors which used to be the mainstay of India's exports in the past, but are now suffering from significant weaknesses, says A K Bhattacharya.
Despite various challenges, the past year was a good one, says Bruce Cleaver, chief executive officer of the De Beers Group, the global corporation that has been the leading one in all aspects of the diamond trade for over a century.
Recycling in India fell by 22 per cent to 14 tonnes against 18 tonnes.
Gold prices crashed by another Rs 130 at Rs 7,335 per 10 gram on the bullion market today on sustained selling by stockists and speculators largely fueled by a weakening trend in Asian markets. \n
'We did not know we would one day dominate nearly 70 per cent of the market.' 'Today, of 100 diamonds available for trade in Antwerp, 93 are cut and polished in India.' A fascinating excerpt from Shantanu Guha Ray's The Diamond Trail: How India Rose To Global Domination.
We caught up with 6 nattily dressed ladies who were not on the ramp at the Lakme Fashion Week.
Gold rebounds after 3-day fall on renewed demand, global cues.
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