Gold
Gold hits fresh highs tracking global cues
Gold hit a record as the dollar continued to weaken while spot prices of gold hit a new high of 18,305 rupees, according to Bombay Bullion Association.
However, in overseas markets gold on Tuesday broke above $1,200 an ounce rising to a new record of $1,218.40.
Meanwhile, commodity and energy prices are mostly priced in dollar so [...]
Gold down by Rs 50 on global cues
Due to the weak global trend, gold fell by Rs 50 at Rs 16,020 per 10 gram in the bullion market on selling by stockists while silver also lost Rs 200 to Rs 25,900 per kg on less demand in the midst of declining global cues. However, it is said that buying activity was minor [...]
Gold imports halved to 12 tonnes in June
The imports of Gold imports dipped by 50 per cent in June as compared to the same period last year on account of the slowing demand amid a rise in prices. The imports of gold in June 2009 stand at 12 tonnes as against 24 tonnes in the same month last year, according to the [...]
