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Gold rate falls for second day in a row to Rs 47,281/10 gm, silver surges by Rs 1,137 a kg In the futures market, the gold rate touched an intraday high of Rs 47,455 and an intraday low of Rs 47,229 on the Multi-Commodity Exchange (MCX). Mumbai / February 15, 2021 / 06:35 PM IST Gold price declined for the second straight day by 105 at Rs 47,281 per 10 gram in the Mumbai retail market on firm rupee and muted global cues. The yellow metal traded in a narrow range amid lack of fresh trigger as US markets were closed for President’s Day. The rate of 10 gram 22-carat gold in Mumbai was Rs 43,309 plus 3 percent GST, while 24-carat 10 gram was Rs 47,281 plus GST. The 18-carat gold quoted at Rs 35,461 plus GST in the retail market. ....
Gold prices drop to Rs 47,386 per 10 gram as dollar recovers; silver slips by Rs 111 a kg The gold-silver ratio currently stands at 69.30 to 1, which means the number of silver ounces required to buy one ounce of gold. Mumbai / February 12, 2021 / 07:00 PM IST Gold prices fell sharply by Rs 582 to hit Rs 47,386 per 10 gram in the Mumbai retail market on rupee appreciation and weak global cues. The yellow metal took a dip as the dollar recovers and US treasury yields surge. However, the bullion metal ended the week with a gain of Rs 149 or 032 percent in the domestic market. The rate of 10 gram 22-carat gold in Mumbai was Rs 43,406 plus 3 percent GST, while 24-carat 10 gram was Rs 47,386 plus GST. The 18-carat gold quoted at Rs 35,540 plus GST in the retail market. ....
Gold flat at Rs 47,968 per 10 gram, silver plunges Rs 717 a kg The broader range on Comex could be between $1,825- 1,850 and on the domestic front, prices could hover in the Rs 47,550- 48,050 range, Damani said. Mumbai / February 11, 2021 / 06:04 PM IST Gold prices were steady at Rs 47,968 per 10 gram in the Mumbai retail market on rupee depreciation and lacklustre overseas cues on February 11. The yellow metal witnessed directionless trade due to a lack of fresh triggers. The rate of 10 gram 22-carat gold in Mumbai was Rs 43,939 plus 3 percent GST, while 24-carat 10 gram was Rs 47,968 plus GST. The 18-carat gold quoted at Rs 35,976 plus GST in the retail market. ....
Gold prices steady this week, silver soars 4.69% on retail frenzy Gold holdings in SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, fell by 4.66 tonnes to 1,160.13 tonnes. Image: PTI Gold prices edged higher to Rs 49,330 per 10 gram on January 29 as participants widened their positions as seen by the open interest. The precious metal ended with a marginal loss of Rs 34 or 0.07 percent for the week. The yellow metal rose in two out of four trading sessions on the MCX in a holiday-shortened week, while COMEX gold eased $5.9 or 0.32 percent during the week. US President Joe Biden s $1.9 trillion pandemic relief proposal faces hurdles as Republicans objected to it for being too expensive and pushed for a smaller plan targeting vaccine distribution. ....