Tracking a weakening global trend, gold prices fell by Rs 144 to Rs 28,725 per 10 grams in futures trade today as speculators off-loaded their positions driven by a weak global trend. Trading a sentiment turned bearish after gold declined in global markets as deepening euro zone debt crisis shifted investors demand from bullion to [...]
Gold futures ended lower Friday, as gains for stocks and oil futures fizzled and a rising U.S. dollar kept the metal under $1,700 an ounce. Gold for December delivery retreated $10.20 or 0.6%, to settle at $1,685.70 an ounce on the Comex division of the New York Mercantile Exchange. On the week, gold lost 2.3%. The [...]
Gold Prices were headed for a second weekly drop Friday lunchtime, after falling as low as $1672 per ounce – 7.2% down on its November high – while stocks, commodities and government bond prices also fell as Belgium became the latest country to be sucked into the European sovereign bond crisis. New York’s Comex Gold Futures [...]
Gold prices extended losses on profit-booking in Friday’s trade at the domestic bullionmarket amid lower buying interest from jewellers and stockists on the back of falling European market. Silver also witnessed heavy speculative sell-off following reduced industrial offtake. Standard gold (99.5 purity) dropped by Rs 225 per 10 grams to finish at Rs 28,415 from Thursday’s [...]
Bank Negara has been asked to do a study on enacting a new law to govern trading in the gold and silver markets, saidDeputy Finance Minister Datuk Donald Lim Siang Chai. He said the Government was concerned about the public’s exposure to the risk in gold and silver investments. Speaking at a press conference after [...]
With gold prices showing no signs of easing and silver prices not having found a comfort zone yet among buyers, traders say that weddings this season aren’t as glittery. Traders in the jewellery business describe a changing purchasing pattern due to the high cost of gold and fluctuating cost of silver, that has caused the volumes and [...]
Gold futures dropped below $1,700 an ounce on Friday, as the U.S. dollar rose against other major currencies and stock futures pointed to opening losses for Wall Street. Gold for December delivery fell $17.10 to $1,678.80 an ounce in electronic trading on Globex. The losses came as the dollar index, which tracks the performance of [...]
Gold slipped by Rs 323 per grammes (g) to close at Rs 47,742 per 10g in the local market Friday, as its international price also dropped to $1,678 an ounce, market sources said. According to Karachi Saraf Association, tola (11.664 g) price also declined by Rs 400 to close at Rs 55,700 per tola.
Gold futures edged slightly lower in electronic trading in Asia on Friday, with prices hovering near the $1,700 an ounce level amid a lack of cues to drive trading following the Thanksgiving holiday in the U.S. Gold for December was down 50 cents, or 0.03%, at $1,695.40 per ounce on the New York Mercantile Exchange during [...]
Gold was barely changed at below $1,700 an ounce on Friday, heading for its second straight weekly fall, as the euro extended losses on growing fears the two-year-old debt crisis in Europe would drag on and eventually trigger a credit crunch. Instead of rising in times of uncertainty, gold safe-haven appeal was robbed by declines [...]
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