Gold Tumbles to More Than Five-Year Low, China Shares Eke Out Gains
Gold prices tumbled to a more than five-year low Monday, and China shares rose modestly, after authorities’ weekend move to tighten the use of informal lending channels by stock investors. Gold fell 2.3% in a matter of minutes early Monday, after China’s central bank reported on Friday its gold... read more »
Rupee at at 63.39
The benchmark BSE Sensex trimmed initial gains and fell by 9 points in late morning trade, dragged down by FMCG sectors, while fresh selling was seen in IT, consumer durables, teck and refineries sectors. However, buying interest after a fall in previous three sessions was seen in banks, pharma and... read more »
Gold drops Rs 400, silver plunges by Rs 1,350
Gold prices tumbled by Rs 400 to hit one-week low of Rs 26,750 per 10 grams at the bullion market today amid a weak global trend and low demand from jewellers and retailers. Silver also plunged by Rs 1,350 at Rs 36,650 per kg on poor offtake by industrial users and coin makers. Bullion merchants... read more »
Gold futures gain 0.15% on firm global cues
NEW DELHI: Gold prices increased by 0.15 per cent to Rs 25,796 per 10 grams in futures trading today as speculators enlarged positions amid a better trend overseas. At the Multi Commodity Exchange, gold for delivery in June rose by Rs 40, or 0.15 per cent, to Rs 25,796 per 10 grams in a business... read more »
