Indian gold demand seen higher ahead of key festival

MUMBAI/BENGALURU  - Demand for gold in India was seen higher ahead of an auspicious day for gold purchases on Friday compared to last year, with lower prices also acting as a catalyst.

"Sentiment is very good in the market. Jewellers are reporting higher footfalls," Somasundaram PR, head of the India unit of the World Gold Council, told Reuters, adding

Gold glitters on Akshaya Tritiyap

Gold futures were trading higher during afternoon trade in the domestic market on Friday as investors and speculators extended their positions in the precious metal tracking a better trend at the spot markets on token by retailers on the auspicious occasion of Akshaya Tritiya.

Gold futures rise was mostly supported by token purchases by retailers at spot markets mainly on account of A

Sell Gold Rise On at 28810-28830 Target 28750-28700 stop loss at 28860 - Enrich Commodities

Gold

Gold, June month contract prices Up by (50 points) & closed at 28769 trading range between 28703-28817 and Comex Gold futures closed at $1267.20 division of the New York Mercantile Exchange.

Gold prices struggled to hold onto gains, despite the release of weaker than expected economic data as both Initial Jobless Claims and Durable G

28/04/2017 12:09:22 PM | Posted in Commodities Reports read full news
Gold set for worst week in seven as investors opt for riskier assets

BENGALURU  - Gold was little changed on Friday and poised for the biggest weekly fall in seven weeks as investors sought out higher returns than those from holding the non-interest bearing yellow metal by buying into riskier assets .

Spot gold was up 0.1 percent at $1,264.81 per ounce, as of 0312 GMT, while U.S. gold futures were steady at $1,266.30.

Go

Yellow metal loses shine on doubts over Trump tax reform

Gold futures were trading higher during afternoon trade in the domestic market on Thursday as investors and speculators extended their positions in the precious metal as investors attracted towards safe-haven assets after a long-awaited US tax plan failed to inspire investors. Meanwhile, traders keenly eyed the central bank meetings in Europe and Japan.

At the MCX, gold futures for Ju

Gold remained mixed as spot prices ended with small gains - Reliance Sec

FUNDAMENTALS

Gold remained mixed as spot prices ended with small gains, while the futures ended with marginal losses. 

U.S. Treasury yields turned lower and the Dollar pared gains after President Donald Trump proposed slashing the U.S. tax rate on corporate profits. This limited downside in gold pr

27/04/2017 2:15:37 PM | Posted in Commodities Reports read full news
Gold slips, but Trump tax reform doubts cap losses

Gold prices edged down on Thursday on ebbing geo-political worries but scepticism over U.S. President Donald Trump's proposed tax reform curbed further losses.

Spot gold was down 0.2 percent at $1,266.94 per ounce, as of 0406 GMT. Bullion prices edged away from a two-week low of 1,259.90, hit during the session on Wednesday.

U.S. gold futures climbed 0.3 percent to $1,26

Yellow metal loses shine on improved risk appetite

Gold futures were trading lower during afternoon trade in the domestic market on Wednesday as investors and speculators exited their positions in the precious metal as safe-haven demand dried up on emergence of risk appetite among investors and boosting equities, amid optimism on possibility of US corporate tax rate cut to 15 per cent from 35 per cent that will boost company earnings.

Indian gold prices could open down, tracking weak overseas prices - Reliance Sec

FUNDAMENTALS

Gold prices fell to a two-week low on Tuesday as markets became less concerned that far-right leader Marine Le Pen would win the French presidential election, increasing investor appetite for risky assets such as stocks while denting bullion.


Spot gold ended down 0.93% at $1,263.4 an ounce and was on track for its weakest

26/04/2017 2:41:33 PM | Posted in Commodities Reports read full news
Sell Gold below 28800 Target 28700-28600 Stop losses at 28900 - Enrich Commodities

GOLD 
Gold, June month contract prices down by (-317 points) & closed at 28814 trading range between 29070-28814 and Comex Gold futures closed at $1267.20 division of the New York Mercantile Exchange.
 Gold prices dipped slightly in Asia on Wednesday with no fresh support triggers in regional tensions on the Korean peninsula and cauti

26/04/2017 8:08:20 AM | Posted in Commodities Reports read full news
Gold slips to two-week low on improved risk appetite; equities rally

Gold fell to a two-week low on Wednesday as investor appetite for riskier assets surged on renewed optimism over the U.S. economy and as political uncertainty in France receded, softening demand for safe-haven assets.

Spot gold was mostly unchanged at $1,263.55 at 0322 GMT. Prices touched a low of 1,260.90 earlier in the session, the lowest since April 11.

Bullion fell 0.9 p

Gold dips on French presidential election outcome

Gold futures closed lower in the international market on Tuesday extending the previous session’s decline that followed the first round of France’s presidential election.

 The election eased fears that politicians eager to pull the country out of the European Union would emerge as front-runners.

Traders’ expectation that Le Pen will not become the next

Yellow metal loses shine in French election afterglow

Gold futures were trading lower during afternoon trade in the domestic market on Tuesday as investors and speculators exited their positions in the precious metal as safe-haven buying dried up on emergence of risk appetite among investors and boosting equities, after centrist candidate Emmanuel Macron won the first round of French presidential election.

However, worries over North Kor

Sell Gold Below 28900 Target 28800-28700 Stop loss at 29000 - Enrich Commodities

GOLD

Gold, June month contract prices down by (-287 points) & closed at 29131 trading range between 29250-28960 and Comex Gold futures closed at $1277.50 division of the New York Mercantile Exchange.

Gold prices slumped on Monday, as investors pulled out of safe-haven assets such as gold, after pro-European candidate Emmanuel Macron won t

25/04/2017 12:20:28 PM | Posted in Commodities Reports read full news
Gold dips on French election while security tensions support

LONDON - Gold prices fell on Tuesday as markets became less concerned that far-right leader Marine Le Pen would win the French presidential election, increasing investor appetite for risky assets such as stocks while denting bullion.

Spot gold was down 0.5 percent at $1,269.20 per ounce at 1157 GMT.

U.S. gold futures slipped 0.4 percent to $1,272.

Yellow metal loses shine after French election

Gold futures fell over 1 per cent during afternoon trade in the domestic market on Monday as investors and speculators exited their positions in the precious metal as safe-haven buying dried up on emergence of risk appetite among investors and boosting stocks, after centrist candidate Emmanuel Macron won the first round of French presidential election.

In France, Macron took a big ste

Gold falls after French election result revives risk-on sentiment

BENGALURU - Gold hits its lowest in nearly two weeks on Monday after centrist candidate Emmanuel Macron won the first round of French presidential election, boosting stocks and sparking a sell-off in the safe-haven bullion.

Spot gold was down 0.7 percent at $1,275.46 per ounce by 0342 GMT, after falling to a low of $1,265.90 earlier in the session.

U.S. gold

24/04/2017 11:35:16 AM | Posted in Commodity Top News read full news
Sovereign Gold Bonds issue opens on Monday

The first tranche of the Sovereign Gold Bonds (SGB) scheme in this fiscal will open for public subscription on Monday.

A Finance Ministry statement last week had said that the applications for Sovereign Gold Bonds 2017-18 - Series I will be accepted from April 24 to April 28 and the bonds issued on May 12.

The issue price of the gold bonds will be Rs 50 per gram less than th

Gold falls as stocks gain after French election result

Gold fell nearly 1 percent on Monday to its weakest in two weeks after centrist Macron led the first round of voting in the French presidential election, boosting stocks and triggering a sell-off of safe-haven bullion.

FUNDAMENTALS

* Spot gold was down 0.9 percent to $1,273.15 per ounce by 0057 GMT. Bullion prices touched a low of $1,265.90 earlier in the se

Yellow metal loses shine on subdued demand

Gold futures were trading lower during afternoon trade in the domestic market on Friday as investors and speculators exited their positions in the precious metal on subdued demand.

Meanwhile, caution prevailed as markets await the outcome of the looming French presidential election.

At the MCX, gold futures for June 2017 contract is trading at Rs 29238 per 10 grams, down by

Sovereign gold bonds subscription to open on Monday

The government has said that the first tranche of the sovereign gold bonds (SGB) will open for public subscription on April 24. The issue price of the bonds has been fixed at Rs 50 per gram, less than the nominal value of gold and the bonds would earn an interest of 2.75 per cent per annum, payable every six months on initial investment, finance ministry said in a statement.

"App

Gold lacklustre, investors wary ahead of French vote

By Eric Onstad

LONDON - Gold prices were steady on Friday with investors awaiting the first-round of voting in the French election at the weekend and possible announcements about tax changes in the United States.

Spot gold was down 0.1 percent at $1,280.51 per ounce at 1430 GMT, on track for its first weekly drop in six.

U.S. gold futures also fell