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Gold Prices Ease On Climb In US Treasury Yield; Weak Dollar Fails To Lend Support

Gold prices eased off their 7 week high as US yields again took a northward journey. This was even as the dollar continued to remained low against the basket of currencies. On the MCX, gold contract for June delivery was down ...

Understanding Gold Hallmark, KDM, 916 Gold

When buying gold jewellery, consider purity, the hallmarking centre's identification mark, the jeweller's identification mark, and assaying, as well as the gold price, should be considered. There were several different ways to make gold jewellery a few years ago, and no ...

Gold Prices Zoom On Dollar Retreat; Rupee Gains Check Upside

Gold futures prices for June delivery on the MCX traded higher by Rs. 215 at above Rs. 47500. This is on dollar retreat and also as appreciation in the rupee against the dollar is keeping any major upside in gold price ...

Why Gold Has Hit A 7-Week High? Will It Rally Further?

Gold prices continued to rally in the global markets, with Indian gold prices also gaining momentum in line with the global markets. Says Navneet Damani, VP - Commodities Research, Motilal Oswal Financial Services, "Gold traded higher to a more than one-month ...

Gold Price Continues To Gain; Scales To Over Rs. 47000/10 gm

Amid falling rupee which has now hit 9-month low and rising coronavirus chaos with India recording the most cases, gold seen as a safe haven is recovering earlier losses. With gains of over 1 percent, gold prices in the previous ...

Spot Prices Of Gold Surge To Rs. 49000; Prices To Trend Further Higher

Gold prices on the MCX during the late evening trade on April 14 closed lower by Rs. 354 at Rs. 46621 per 10 gm. Nonetheless, in the spot market, prices have scaled by a huge Rs. 1000 per 10 gm in ...

Gold Hallmark Mandatory From June 1; Things To Know Before Buying

It is recommended that you purchase hallmarked gold articles to ensure that you are not duped when buying actual gold. It not only guarantees purity but also increases the resale value if you decide to sell it later. The government announced ...

Asian Markets React Positively To Tuesday's US Inflation Data; Australian Markets Hit 13-Month High

In India, equity markets are closed for Dr. BR Ambedkar Jayanti. But elsewhere Asian markets too respite from the inflation data released in the US, pointing that the prices are not rising as aggressively. Thus in effect, Australian ...

GST On Gold: How To Calculate GST On Gold and Gold Jewellery?

Any tax on the supply of products, services, or both, excluding taxes on the supply of alcoholic beverages for human consumption, is referred to as a "goods and services tax." The Indian government levies GST on both the manufacturing and the ...

Gold Price Fall Not Much A Worry for NBFCs, Banks Need To Be Watchful

The correction in gold prices in recent months is not expected to materially impact the asset quality of non-banking financial companies (NBFCs) lending against gold, CRISIL has stated. Apart from periodically collecting interest over the past few fiscals, they have ensured ...

Gold Prices Dip As US Treasury Yields Rise

Gold prices fell as a steady rise in U.S. Treasury yields weighed on gold's appeal, while investors awaited key U.S. inflation and retail sales data to gauge the health of the economy. Spot gold fell 0.7 % to $1,731.per ounce, while ...

Gold Prices Fall As High Inflation Gives A Boost To US- Treasury Yield

Gold prices in the international market retreated after the US treasury yield got a boost on strong reading for US inflation as well as faster economic rebound, which weighed on the safe haven appeal of the yellow-metal gold. Spot ...