Latest News
-
Gold Prices India; Biggest Jump In 24-Carat In 55 Days; Know Tax Rates On Profits On Phsyical Gold -
Mandatory Testing for Indian Spices Destined for Singapore, Hong Kong After Ban -
TRAI Advocates for Enhanced Telecom Infrastructure Sharing Among Licensees -
LTIMindtree Reports Slight Q4 Profit Dip, Optimistic About Upcoming Growth -
Axis Bank Announces Q4 Net Profit at Rs 7,599 Crore Amid Deposit Accretion Worries -
hBits Expands to Pune with CyberCity Magarpatta Acquisition, Eyes Investment Opportunities -
India's First Green Hydrogen Pilot Project Goes Live at Nathpa Jhakri -
DCB Bank Q4 Results: PAT Grew 9% To Rs 156 Cr, NII Jumps 4.5%; Dividend Declared -
RBI Halts New Customer Onboarding at Kotak Mahindra Bank Over IT Compliance -
Macrotech Developers' Annual Profit Triples Despite Q4 Dip
Gold slides on robust US jobs data
Worries that the better then expected data may push the US Federal Reserve to taper its bond buying programme in December, pushed international gold prices lower.
According to a Reuters report spot gold was last down 1.8 percent to $1,284 an ounce. The metal fell 2.3 percent for the week, its second consecutive weekly loss. U.S. gold futures for December delivery settled 1.8 percent lower at $1,284.60 an ounce.
On the MCX gold for December delivery was down at Rs 29,705. Silver on the other hand also lost ground falling by Rs 296 at Rs 48,144.
Gold is expected to continue to swing each time there are talks of quantitative easing tapering in the United States. In India much would also depend on the how the rupee does, given that last week it has showed some signs of weakness.
GoodReturns.in
