Skip to main content

Gold prices bounce to Rs 25,640 on jewellers' buying

By
Snapping the three-day losing run, gold prices recovered by Rs 40 to Rs 25,640 per 10 grams at the bullion market on Thursday, largely due to fresh purchases by jewellers and retailers, even as it retreated overseas after the US Fed lifted interest rates.


Gold prices bounce to Rs 25,640 on jewellers' buying

Bullion traders attributed the recovery to emergence of buying by jewellers as well as retailers.
They said a fall in gold prices in the global market after the US Fed announced a 0.25 per cent hike in interest rates, which boosted the dollar and dented the appeal of the precious metals, capped the gains.
Globally, gold fell 0.4 per cent to $1,068.50 an ounce and silver shed 0.92 per cent at $14.04 an ounce in Singapore.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity edged higher by Rs 40 each to Rs 25,640 and Rs 25,490 per 10 grams, respectively. It had lost Rs 400 in last three days.
The sovereign, however, remained steady at Rs 22,200 per piece of eight grams in limited deals.
Silver ready rose by Rs 350 to Rs 33,850 per kg and weekly-based delivery regained Rs 34,000 by rising Rs 425 per kg.
On the other hand, silver coins continued to be traded at previous level of Rs 47,000 for buying and Rs 48,000 for selling of 100 pieces.
Labels:

Comments

Post a Comment

Popular posts from this blog

Modern garden with upcycling plastic bottles

By
Post a Comment
Read more

EPA and the regulation of greenhouse gasses

By
This week, EPA Administrator Gina McCarthy joined private and public sector leaders for a second annual White House roundtable discussion about the progress made and new steps taken to curb emissions of hydrofluorocarbons (HFCs), potent greenhouse gases used in refrigeration and air conditioning. Administrator McCarthy announced several new actions the agency will take to help support a smooth transition to climate-friendly alternatives to HFCs. "EPA is working closely with industry leaders to reduce greenhouse gas emissions, transition to climate-friendly refrigerants, and deploy advanced refrigeration technologies,” said EPA Administrator Gina McCarthy. “The powerful combination of EPA’s regulatory actions and innovations emerging from the private sector have put our country on track to significantly cut HFC use and deliver on the goals of the President’s Climate Action Plan.” Among the actions announced today, EPA proposed a rule that would improve t...
Post a Comment
Read more

iPad Pro Review

By
The iPad Pro is, at first glance, completely crazy. A giant iPad with all the limitations of iOS, coupled with added bulk that makes it harder to tote, and a price tag that starts at Rs. 70,000 , all make it a hard sell. That's only the starting price though, and you're going to end up paying a lot more for this tablet. Realistically, you should get the 128GB model, which costs Rs. 79,900, and also the Apple Smart Keyboard , which will set you back by Rs. 14,900. Artists, designers, and others might also need to buy the Apple Pencil , priced at Rs. 8,600 - which means a final price tag between Rs. 94,800 and Rs. 1,03,400. At that price, you can't really compare it to the iPad Air 2 , the last 10-inch model to be released, with an MRP of Rs. 49,900 for the 128GB variant. ( Also see : iPad Air 2 Review: Still the King of Tablets ) But if the iPad Pro is nearly twice the price of the iPad Air 2, then it's also giving you a lot more, aside...
Post a Comment
Read more