Commodities

Gold prices on Monday fell by by Rs 100 to Rs 38,570 per 10 grams in Delhi, news agency Press Trust of India (PTI) reported. The yellow metal fell on weak trend overseas and tepid demand from jewellers, according to the All India Sarafa Association. Gold had reached its all-time high mark of Rs 38,670 per 10 grams on Saturday. Silver prices also edged lower by Rs 50 to Rs 45,000 per kilogram due to reduced offtake by industrial units and coin makers. The fall came on easing demand from local jewellers.

Currently, the global economy is witnessing a major slowdown and economies like China, Germany and India have reported declining factory output.

Sovereign gold bond (SGB) scheme, a government-run scheme, allows gold investments in non-physical form. The Sovereign Gold Bond (SGB) scheme comprises government securities denominated in gold wherein investors are required to pay the issue price in cash. The bonds are redeemed in cash on maturity. SGB was launched in November 2015 with an objective to reduce the demand for physical gold and shift a part of the domestic savings, used for purchase of gold, into financial savings, according to Reserve Bank of India website - rbi.org.in.

In top gold consumer China, premiums eased slightly to $6-$9 per ounce over the benchmark, from $9-$10 last week.

Gains are likely to be capped after a week of data releases including a surprise drop in industrial output growth in China to a more than 17-year low, along with a fall in exports that sent Germany's economy into reverse in the second quarter.

In Delhi, gold of 99.9 per cent and 99.5 per cent purity declined by Rs 425 each to Rs 37,945 and Rs 37,775 per 10 grams, respectively.

Gold prices on Tuesday fell from the record-high level it touched yesterday. Gold prices dropped by Rs 100 to Rs 38,370 per 10 grams in Delhi, reported news agency Press Trust of India (PTI). The rates of yellow metal on Monday had touched an all-time high mark of Rs. 38,470. Meanwhile, silver prices soared by Rs 2,000 to touch a lifetime-high mark of Rs 45,000 per kilogram. The jump in the prices of white metal came on increased offtake by industrial units and coin makers, and robust global trend, according to traders.

Gold prices on Monday again touched the all-time high mark of Rs 38,470 per 10 grams in Delhi, news agency Press Trust of India (PTI) reported. The yellow metal advanced by Rs 50 on fresh buying from jewellers amid positive global trend. On Thursday, gold had hit a record high price of Rs 38,470 per 10 grams in the national capital. However, prices of silver plunged by Rs 1,150 to Rs 43,000 per kilogram. The fall came on reduced offtake by industrial units and coin makers.

Cooking gas or liquefied petroleum gas (LPG) sales increased 9.0 per cent to 2.22 million tonnes, while naphtha sales fell 5.2 per cent to 1.22 million tonnes.

Gold prices on Friday decreased by Rs 140 but traded above the Rs 38,000 mark in the national capital, news agency Press Trust of India (PTI) reported. The yellow metal settled at Rs 38,330 per 10 gram. Easing in demand from jewellers despite the precious metal gaining overseas led to the fall in gold rates, the report said. On Thursday, gold prices touched an all-time high of Rs 38,470 per 10 gram. In the past two days, gold rates advanced by Rs 1,663.

Gold rose for second straight day and rose above Rs 38,000-mark for the first time. Gold price jumped by Rs 550 on Thursday, news agency Press Trust of India reported. Gold prices gained as investors continued to buy the yellow metal, considered as a safe-haven asset, amid the ongoing trade tensions between the United States and China and domestic economic concerns, the report said. Prices of gold had risen by Rs 1,113 on Wednesday. Silver prices also surged by Rs 630 to cross the Rs 44,000-mark. It touched Rs 44,300 per kilogram on increased offtake by industrial units and coin makers.

Gold prices touched a new record high of Rs. 37,920 per 10 grams in Delhi on Wednesday, news agency Press Trust of India (PTI) reported. The gold prices surged by Rs 1,113 on sustained buying from jewellers amid strong overseas trend as trade tensions between the United States and China prompted investors to invest in gold, considered as a safe haven asset. Prices of silver also rose by Rs 650 to Rs 43,670 per kilogram. The increase in prices of white metal on increased offtake by industrial units and coin makers.

In Delhi, gold of 99.9 per cent declined by Rs 163 to Rs 36,807, while that of 99.5 per cent purity dropped Rs 165 to Rs 36,635 per 10 grams.

On Monday, local gold futures rose more than 2% to hit an all-time high of Rs 37,149 per 10 grams, taking their gains to more than 17% in 2019.

Gold prices touched a new high of Rs. 36,970 per 10 grams in Delhi on Monday, reported news agency Press Trust of India (PTI). The gold rate went up by Rs. 800 per 10 grams on the back of strong global trend as trade tensions between the United States and China escalated. A weaker rupee also contributed to the rise in the prices of gold as the domestic currency fell by 99 paise to Rs 70.59 against dollar, making imports costlier. Gold prices had risen by Rs 540 to Rs 36,170 per 10 grams on Saturday. Tracking gold, silver also soared by Rs 1,000 to 43,100 per kilogram. The white metal rose due to robust demand from industrial units and coin makers.