Gold snapped its two-session rise at the domestic bullion market on Friday following subdued offtake from stockists and investors driven by bearish global sentiment.Silver too fell in line with the yellow metal on speculative selling. Overseas, gold came under pressure as dollar rose on delay in US healthcare vote which is seen by financial markets as a crucial test of President Donald Trump's ability to push through reforms.Standard gold (99.5 purity) dropped by Rs105 to close at Rs28,745 per 10 grams from Thursday's closing level of Rs28,850. In Dubai, gold prices fell to Dh150.50 (24 carat) from yesterday evening's rate of Dh151Pure gold (99.9 purity) also declined by a similar margin to conclude at Rs28,895 per 10 grams as compared to Rs29,000 previously.Silver (.999 fineness) slid by Rs170 per kg to end at INR 41,660 from Rs41,830 on Thursday.Globally, gold fell against the backdrop of a rising dollar as markets waited to see whether President Trump succeeds in pushing through healthcare reforms.Spot gold was down 0.2 per cent at $1,242.31 per ounce at early trade.Spot silver rose 0.2 per cent to $17.51.
Trump's economic policy Investors were looking ahead to an address by Trump to Congress next week for further clarity on his economic pol... read more ...
Silver acts as an inflation hedge, and in times of crisis, small quantities may be used for smaller, daily transactions compared to holding a tradi... read more ...
Gold prices soared by Rs325 to regain the Rs30,000-mark and trade at over 4-month high of Rs30,175 per 10 grams at Delhi bullion market on Saturday... read more ...
its three-week gains at the bullion market, on reduced offtake due to holiday-truncated week despite firm global trend.Marketmen said easing demand... read more ...
Oil prices slid nearly 1 percent as worries about rising U.S. supplies outweighed OPEC pledges to boost compliance with output curbs.
But... read more ...
The Energy Information Administration (EIA) reported that natural gas in underground storage fell by 89 billion cubic feet ((bcf)) in the week endi... read more ...
Silver Price Equal Off with Notable Support
See the Webinar Calendar for a schedule of upcoming live events with Paul or... read more ...
BENGALURU, FEB 27:
Gold prices held firm on Monday near 3-1/2 month highs hit in the previous session, with investor...
read more ...