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PENTA GOLD BULLION
Gold price hits record high of Rs 42,000 level in spot marketGold rose by 2 per cent to record levels amid a rush to invest in safe-haven assets.- No Dhanteras dazzle in Zaveri bazaarUS gold futures dipped slightly to $1,493.40.
- Drop in gold prices raises hopes of demand revivalThe lack of clarity in the Fed's monetary policy outlook kept investors cautious.
- Gold back in demand as rupee turns strongerHowever, over the last few days, South India is showing a recovery in demand.
- Bullion traders cheer rise in refining workIn the first quarter of current fiscal, India produced 68 tonnes of refined gold against 40 tonnes in Q1 of FY18.
- Gold prices fall just in time for DiwaliLast month, bullion dealers had been offering discounts of as much as $32 per ounce on the domestic price to lure buyers, ahead of Diwali.
- Bullion trade slows, all eyes on RBIGlobal gold prices dropped from $1,342 per troy ounce on September 26 to $1,316 on Friday due to a rise in US consumer confidence index
- Investors avoid gold futures on negative global cuesTraders and investors in India stayed away from the gold futures market on Thursday amid currency volatility and negative global sentiment ...
- Gold demand to fall further this monthThe downward trend in gold is likely to lessen the government's worries over the current account deficit at a time when oil prices have sta...
- MMTC-PAMP halts gold refining after proposition turns non-profitableGold in entering India through illegal route, no demand in market for gold, impure gold is imported from countries like Peru, Ghana and Tan...
- Government may not alter gold import duty: Ketan Shroff, Penta GoldMCX polled spot price traded at a discount of almost Rs 400 to the front month futures contract (Rs 29,035) intraday Tuesday.
- Difference in London Gold Price AM and spot gold rate costs 'unhedged' bullion dealersA gold consultant said that normally an Indian trader who sells gold to a client based on the spot price would hedge himself on the commodi...
- Traders deliver gold on MCX at a profitGold demand has fallen in recent times, according to leading jewellery companies, including Tanishq, because of high price volatility.
- Day traders raise bearish bets on goldOutstanding trader positions on active December contracts were 7,216 contracts in early noon on Thursday, up from 6,752 contracts on Wednes...
- Gold offtake slows on MCX as buyers expect price to correct to Rs 25,000Gold was trading at Rs 26,639 per 10 gm on the MCX Wednesday, 20 basis points higher than the previous close.
- Gold offtake slows as consumers expect price correction despite global uptrendGold was trading at Rs 26,639 per 10 grams on the MCX mid-day on Wednesday, 20 basis points higher than the previous close.
- MCX may meet part of festive need for goldTheir forecast is based on a sharp jump in warehouse stock position of gold on MCX from 59 kilos on Saturday to 594 kilos on Monday. The MC...
- Union Budget 2014: Traders sell gold at discount on fears of inventory lossBullion traders are seeling gold to prevent inventory loss from a possible import duty cut on the metal from 10% when Modi govt presents it...
- Rising gold prices bring back old jewellery to marketA price push-up in gold has increased the entry of recycled gold in the Indian market. In the first three quarters of 2012, the country rec...
- Gold prices in India touch record-high of Rs 31,850Gold prices have trebled in the last three years due to an uncertain global economic recovery.
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