Russia’s gold and foreign exchange reserves fell to $510.2 billion in the week to Nov. 25 from $515.1 billion a week earlier, central bank data showed on Thursday. The central bank provided the following figures (in billion dollars): Latest week 510.2 Previous week 515.1 End-2010 479.4 NOTE – The reserves include monetary gold, special drawing rights, reserve position at [...]
India gold futures eased a tad from a 2-week high, weighed by a stronger Indian rupee, but the losses were not enough to attract physical players seeking to stock up for thewedding season, dealers said on Thursday. * At 1:34 p.m., the most-active December gold on the Multi Commodity Exchange was 0.25 percent lower at 28,989 rupees per 10 grams, [...]
Spot gold prices traded steady on Thursday, retaining their 1.7 percent gain in the previous session, as joint action by the world’s major central banks to boost dollar liquidity spurred rallies in commodities and equities. FUNDAMENTALS * Spot gold edged up 0.1 percent to $1,748.46 an ounce by 0022 GMT, after finishing November with a [...]
Gold price hit an all time high of Rs 55,500 per tola (11.664 grams) in the domestic market on Wednesday, compounding woes of jewelers who were already facing drop in sales. The yellow metal beat the previous high of Rs 55,404 per tola set on Nov 16 by around Rs 100 per tola. “Gold became [...]
The gold price in Hong Kong went up 350 HK dollars to open at 16,210 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,750.09 U.S. dollars a troy ounce, up 37.79 U.S. dollars at the latest exchange rate of one U.S. dollar against [...]
The Gold Traders Association this morning set the buying price at 25,029.16 baht per baht-weight for gold ornaments and 25,400 baht per baht-weight for gold bar. The selling prices were set at 25,900 baht per baht-weight for gold ornaments, and 25,500 baht per baht-weight for gold bar.
Even though the government’s new decree on the management of gold trading has yet to take effect, some gold bullion producers have temporarily halted their processing work. The CEO of a major gold trader in Ho Chi Minh City told VnExpress that the State Bank of Vietnam used to allocate quotas for businesses to import [...]
India gold futures rose by more than half a per cent on Wednesday to hit their highest level in two weeks on firm global leads fanned by a weaker rupee at home. Silver traded down following sharp declines in copper, the other industrial metal. The most-traded gold for December delivery on the Multi Commodity Exchange [...]
Spot gold prices traded steady on Thursday, retaining their 1.7 percent gain in the previous session, as joint action by the world’s major central banks to boost dollar liquidity spurred rallies in commodities and equities. FUNDAMENTALS * Spot gold edged up 0.1 percent to $1,748.46 an ounce by 0022 GMT, after finishing November with a [...]
Gold rose to the highest in almost two weeks on Wednesday after top central banks announced a co-ordinated move to avoid a global liquidity crunch, and the dollar fell. Centrals banks from the world’s leading economies, including the U.S. Federal Reserve and the European Central Bank, said they had agreed to lower the cost of [...]
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