Globally, gold fell 0.14 per cent to $1,250.10 an ounce.
Traders said sustained selling by stockists against sluggish demand amid a weakening global trend, where gold dropped below $1,200 an ounce as the Federal Reserve scaled back monetary stimulus, mainly kept pressure on precious metals.
Traders said sentiment turned bearish on emergence of stockists selling at existing higher levels amid weak global trend as improving economic growth reduced demand for the precious metals as an alternate investment.
Concerned over disturbing trends in global economy, India and African nations on Wednesday called for increasing economic cooperation to combat the menace of rising food and energy prices.
Population is a touchy issue in India. Anybody will notice the crowded rat race we live in, notes Shyam G Menon.
With India's GDP clocking a lower contraction of 7.5 per cent in the September quarter, industry and experts expressed confidence of further recovery in the coming months and said the government's actions are bearing fruit. In a tweet, Vedanta chairman Anil Agarwal said, "Q2 #GDP numbers show that economy is recovering. Government's efforts on stimulus and reform are showing results. Hopefully, we will have positive growth in H2 FY21 and double digit growth in FY22."
'There are some high-frequency indicators where uptick is visible and some where it is not'
Stop-losses are mandatory to prevent losses going out of control
Gold in Singapore, which normally sets price trend on the domestic front, traded at $1,316.40 an ounce from $ 1,316.58 on Thursday.
The sentiment in gold remained bearish as the metal traded near its lowest level since September, 2010 in global markets.
Silver ready rose by Rs 100 to Rs 37,000 per kg.
'We will likely be buffeted by tailwinds from the global economy, geopolitical shifts and robust domestic demand.'
Keeping the employment rate from slipping is challenging. To merely keep the employment rate unchanged, the economy has to generate additional jobs. It needs to run to stay where it is, points out Mahesh Vyas.
Though 2012 has started on a positive note on foreign institutional investor (FII) flows, it is too early to say if the trend will sustain through the calendar year, analysts say.
The pandemic has forced us to reflect and re-evaluate our old habits and perceptions, says Anamika Sengupta.
Spiraling steel prices led the government to cut customs duty by 2.5-5.5 per cent on a range of products from semi-finished to flat and long products for the benefit of MSMEs, that have been at the receiving end.
The report admits that converting MSP to a floor price of auction on the eNAM portal will not completely solve the problem as the current data shows that average modal prices in e-NAM mandis is lower than the minimum support price in all commodities except urad.
Gold surged to a fresh all-time high of Rs 28,540 per 10 grams in the bullion market today on sustained buying by stockists and investment-driven purchases fuelled by the bullish trend in international markets.
The recovery seen in the increased economic activity till September or October is running out of steam. Labour statistics indicate a substantial slowing down of the economy in November, notes Mahesh Vyas.
'We will be looking to prune our portfolio to make GIC Re a healthier entity.'
With a loan book of $268 billion, India's retail banking is now ahead of Russia, Malaysia and Mexico but behind China, Brazil and Thailand
Gold and silver extended gains in New Delhi on Monday on sustained buying by stockists, driven by firm global trends.
In the currency markets, the rupee lost another 10 paise to close at 1-week low of 63.54 against the US dollar
For non-banks, the IL&FS crisis was nothing short of India's Lehman moment, which has for a foreseeable future reset the sector on multiple grounds.
Some of external candidates being considered for the post of CEO include Bhaskar Ghosh of Accenture, Ritesh Idnani of Tech Mahindra, Ravi Kumar S of Infosys, and Nitin Rakesh of Mphasis, among others.
Knight Frank and Royal Institute of Chartered Surveyors in their report said that 10 million homes will be delivered by 2022 as targeted by the government.
Traders said continued buying by stockists driven by ongoing marriage season mainly led to rise in gold and silver prices.
The former PM described the day as "unique" in the party's history and said Rahul Gandhi's leadership brings a new sense of dedication and commitment which will steer the party to greater heights of glory.
Extending gains for the second day, gold prices moved up by another Rs 70 to Rs 28,300 per ten gram in the national capital on Friday on increased buying by jewellers and retailers, driven by festive season demand coupled with firming global trend.
Imports too declined 26 per cent to $29.47 billion in August, leaving a trade deficit of $6.77 billion.
There is growing acceptance of the idea in the international community that engaging the Taliban government is a far better approach than ostracising it, observes Ambassador M K Bhadrakumar.
'COVID-19 will not stop the expansion of China's 'infrastructure power'.'
S&P Global Ratings on Wednesday lowered India's economic growth forecast to 5.2 per cent for 2020, saying the global economy is entering a recession amid the coronavirus pandemic. The agency had earlier projected a growth rate of 5.7 per cent during the 2020 calendar.
For Q4CY20, PC shipments grew by 27 per cent year-on-year, said data from the IDC.
Gold prices maintained an upward march for the third consecutive day by rising Rs 290 to Rs 30,490 per ten grams in the national capital on sustained buying by stockists amid a firm global trend.
The NSE 50-share index finally concluded at 10,417.15, up 14.90 points
'Under the more strident Modi version of Hindutva, Nehru has almost become a contemporary political figure.' 'The ruling party knows that without total erasure and distortion of Nehru, their fantasies will always be wobbly.'
CEOs expect populist measures in the Budget, to help the poor and marginalised, who make up for the largest section of voters.
Days after keeping India's rating at lowest investment grade for 13th year in a row, the rating agency in a webinar said despite the contraction in GDP this year, the country continues to be an outperformer among the peer groups.
Extending gains for the fifth straight session, gold prices on Thursday rose by Rs 30 to Rs 26,830 per 10 grams in the national capital on increased buying by stockists and investors on the back of rising demand amid a firming global trend.
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