Latest News
-
SEBI Investigates Adani Offshore Funds For Shareholding Disclosure Violations -
American Express Revamps Platinum Travel Credit Card Design -
Ensure Children Up to 12 Years Are Allocated Seats With Their Parents In Flight: DGCA Tells Airlines -
Vodafone Idea Approves Offer Price Of Rs 11 Per Equity Share For Rs 18,000 Crore-FPO -
Reliance Industries Sets Record: First Indian Company Tops Rs 1L Cr Profit -
1:1 Bonus Issue: Engineering Stock Turned Ex-Bonus On April 23, Hits New 52-Week High; Gives 268% Returns -
Vodafone Idea Shares Soar 7% Following Strong FPO Subscription; GMP Hints Premium Shares; Details -
Karnataka, Gujarat Lead India's Clean Energy Transition Race, Report Shows -
Gold Price India: 24K Of 100 Grams Gold Falls By Rs 15,300 Today, Biggest Dip In April -
JNK India IPO: Public Issue Opens Today; GMP Hints Premium Listing; Check Subscription Status
International gold surges on monetary hopes
On Wednesday, spot gold rose nearly 2% to a three-week high on speculation of further monetary stimulus by Central Banks around the globe.
However, India gold futures reversed previous day's gains, as profit booking was seen in futures trade due to rise in price.
On the Multi Commodity Exchange (MCX), gold futures for August delivery contract on MCX opened at Rs 29,801 per 10 grams and was seen trading at Rs 29,790 lower by Rs 45.
Analysts said profit-bookings by speculators at prevailing higher levels mainly led to the fall in gold prices at futures trade.
Gold of 99.9 and 99.5% purity rose marginally and was at Rs 30,310 and Rs 30,110 per 10 grams, respectively.
Spot gold was seen trading at Rs 29,803 per 10 grams. While, silver was seen trading at Rs 52,402 per kgs.
GoodReturns.in
