Free Press Journal
  • gold-blocks

    Gold recovers on global cues, jewellers’ buying

    New Delhi: Snapping its two-day losing streak, gold prices recovered from four-month low by gaining Rs 155 to Rs 25,780 per 10 grams at the bullion market today, tracking a firm trend overseas along with fresh buying by jewellers. Silver also inched up by Rs 100 to Rs 34,200 per kg on scattered enquiries from industrial units and coin makers. Bullion traders said besides firm global trend where gold rose from a five-year low, emergence of buying by jewellers at prevailing levels

  • economy

    Appreciating non-dollar currencies lift Indian foreign reserves

    Mumbai: An appreciation in non-dollar currencies propelled India’s foreign exchange (Forex) reserves to gain $920.6 million in the week ended August 21. The reserves for the week under review stood at $355.35 billion from the previous week’s (August 14) $354.43 billion.

  • Gold

    Gold, silver drop on selling, global cues

    Mumbai: Gold prices dropped further at the domestic bullion market here on sustained selling by stockists and investors coupled with subdued local buying interest, also mainly triggered by a continuous fall in International markets. Silver also dipped on persistent speculative selling amid poor industrial demand.

  • Gold

    Gold up on weak US dollar

    Chicago: Gold futures on the COMEX division of the New York mercantile exchange rose on Friday on a weaker US dollar and lower equities. The most active gold contract for December delivery rose $6.4 (0.55 percent) to settle at $1,159.60 per ounce, reported Xinhua news agency. For the week, gold futures climbed 4.21 percent, their largest weekly gain since the week ended on January 16 this year.

  • gold-blocks

    Gold rises in futures trade on global cues

    New Delhi: Gold prices rose 0.54 per cent to Rs 26,100 per 10 grammes in futures trade today as speculators created fresh positions, taking positive cues from global markets. At the Multi Commodity Exchange, gold for delivery in December was up by Rs 40 or 0.54 per cent to Rs 26,100 per 10 gm in a business turnover of eight lots. The metal for delivery in October moved up by Rs 137 or 0.53 per cent to Rs 25,960 per 10

  • Gold

    Gold up after US jobs report release

    Chicago: Gold futures on the COMEX division of the New York mercantile exchange rose after the release of the US jobs report. The most active gold contract for December delivery rose $4 (0.37 percent) to settle at $1,094.10 per ounce on Friday, Xinhua reported. Gold was given support as a report released by the US department of labour showed non-farm payrolls increased by 215,000 in July. The report said the unemployment rate remained

  • Gold

    Gold drops on subdued demand, sluggish global cues

    Mumbai: Gold prices dropped at the bullion market here today due to reduced offtake by jewellery traders and stockists in the face of lacklustre overseas sentiment. In contrast, silver strengthened further owing to higher buying support from consuming industries. Standard gold (99.5 purity) fell by Rs 75 to conclude at Rs 24,815 per 10 gm from Saturday’s closing of Rs 24,890.

  • Gold

    Gold slumps below Rs 27k as demand falters

    New Delhi: Continuing its slide for the third straight day, gold price in the bullion market today slipped below the Rs 27,000 mark to trade at Rs 26,950 per 10 grams, an over 6-week low. It fell Rs 50, tracking a weak trend overseas. Besides, weak demand from jewellers at domestic spot markets due to off-season for wedding played spoilsport. Silver, too, shed Rs 50 at Rs 37,350 per kg for want of buying support from industrial units.

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