Gold - Page 82

A combination of the words "dhan", which means wealth in Sanskrit, and "teras", which means 13, the day falls on the 13th day of the Hindu lunar calendar, marking the first day of the five-day Diwali festival. Hindus consider it an auspicious day to make new purchases, especially jewellery, as well as new utensils, appliances and even vehicles.

India’s festive gold buying spree continues, defying record price

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MUMBAI, Oct 29 (Reuters) – Indian buyers of gold brushed off record high prices and made purchases for the Dhanteras and Diwali festivals starting on Tuesday, hoping bullion would continue to rally and deliver promising returns amid a cooling stock market, industry officials told Reuters. Robust demand in the world’s second-biggest gold consumer could further

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A saleswoman shows gold bangles to a customer at a jewellery showroom in Kolkata, India. (Photo: Reuters)

Gold prices soar to record high, dampening demand, dealers say

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MUMBAI, April 1 (Reuters) – Gold futures hit an all-time high on Monday, tracking gains in overseas markets and squeezing demand in the world’s second-biggest consumer of the precious metal, dealers said. Domestic gold futures rose to 69,487 Indian rupees ($834.07) per 10 grams, up nearly 10% so far in 2024. India’s gold imports are

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Ingots of 99.99 percent pure gold are placed in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo

Gold ticks higher as dollar slips on Fed pause bets

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Nov 20 (Reuters) – Gold prices edged higher on Monday as the dollar extended its slide after recent U.S. economic data boosted bets that the Federal Reserve was done with its rate hike campaign. Spot gold rose 0.1% to $1,981.80 per ounce as of 0537 GMT, after rising 2.2% last week. U.S. gold futures were

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