Gold - Page 59

Gold hovers near record high on US rate-cut prospects
A customer looks at a gold necklace at the Umedmal Tilokchand (U.T) Zaveri jewelry store at Zaveri Bazaar in Mumbai, India. (Photo: PTI)

Gold hovers near record high on US rate-cut prospects

Sept 8 (Reuters) – Gold held firm near an all-time high on Monday, inching closer to a key $3,600 level, bolstered by mounting expectations of a U.S. Federal Reserve rate cut this month following a weaker-than-expected jobs report last week. Spot gold was little changed at $3,583.41 per ounce, as of 0454 GMT. Bullion rose

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Gold jumps Rs 900 near record high on rupee weakness, Fed rate cut hopes
An Indian salesperson adjusts gold items for sale at a jewellers in Hyderabad. (Photo: Getty Image)

Gold jumps Rs 900 near record high on rupee weakness, Fed rate cut hopes

New Delhi, Sep 5 (PTI) Gold prices jumped by Rs 900 to Rs 1,06,970 per 10 grams in the national capital on Friday, inching closer to record high levels on fresh buying by stockists and firm global trends. Traders said the rally was growing amid conviction that the Federal Reserve may opt for an interest

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Gold drops Rs 1,000 to Rs 1.06 lakh/10 g on profit booking, global jitters
A shopkeeper attends to a customer at his jewelry shop in Siliguri. (Photo: Getty Image)

Gold drops Rs 1,000 to Rs 1.06 lakh/10 g on profit booking, global jitters

New Delhi, Sep 4 (PTI) Gold prices retreated from record highs by plunging Rs 1,000 to Rs 1,06,070 per 10 grams in the national capital on Thursday, as traders booked profits in tandem with a weak trend in global markets. The precious metal of 99.9 per cent purity had settled at Rs 1,07,070 per 10

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Gold prices storm past Rs 1.07 lakh per 10 g in Delhi
Saleswomen sells gold jewellery at a jewellery store in Guwahati, Assam, India. (Photo: Getty Image)

Gold prices storm past Rs 1.07 lakh per 10 g in Delhi

New Delhi, Sep 3 (PTI) Gold prices rallied Rs 1,000 to touch a fresh record high of Rs 1,07,070 per 10 grams in the local markets on Wednesday amid hopes of Fed easing rates, mounting geopolitical tensions and growing worries around the US economy. According to the All India Sarafa Association, the precious metal of

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