Buoyant gold sales on Akshaya Tritiya cheer markets

Buoyant gold sales on Akshaya Tritiya brought cheer to jewellers in Mumbai and elsewhere in the country as customers thronged retail outlets to make their customary festive purchases on Friday.

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Why more Indians will be rushing to buy gold this Akshaya Tritiya

Gold jewellery sale is expected to rise sharply on the occasion of Akshaya Tritiya this year, after an appreciating rupee prompted many to book a piece for delivery on the due date. A stronger rupee has meant the Indian price rise is slower than abroad.

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Traders fail to gain from gold price rise

While the sharp appreciation in the Indian rupee over the past few weeks has limited a major upside in the prices of domestic gold, concern over the escalating geo-political tension and rise in demand during the upcoming Akshaya Tritiya are expected to firm up the prices of yellow metal in the domestic market.

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Strong rupee keeps investors away from gold

The rally in the equity market is taking away the sheen from gold. Even though the yellow metal has become slightly cheaper, prompting some wedding-related jewellery purchases, investors are cautious to buy gold as they expect the strengthening local currency to keep any price gains in check.

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Spot gold prices slip by Rs 110 to Rs 28,815 on strong dollar

Gold prices slipped by Rs 110 per 10 gm in the physical market to touch Rs 28,815 per 10 gm compared with Friday's closing of Rs 28,925 per 10 gm. Though a drop in prices have created some interest among those who want to buy jewellery, but investors are still taking a cautious stance.

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Festival drives Indian gold demand; higher prices curb buying elsewhere

Gold demand in India rose this week due to a festival and as local prices adjusted to an appreciating rupee, while higher prices kept a check on demand elsewhere in Asia.

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Which way will gold go? Nobody’s quite certain

Bullion dealers and analysts are divided over which way gold prices are headed even as the wedding season is due to begin mid April. While some feel that gold price may drop by more than 3% to Rs 27,800 per 10 gm in the short term if rupee continues to remain strong against the dollar, others feel it may firm up in the coming weeks.

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Short-term outlook firm for gold: Experts

Gold prices are likely to remain in an uptrend in the near term on a weak US dollar. The greenback is expected to remain weak as unlike market expectations, the US Federal Reserve (US Fed) was slightly dovish even as it raised interest rate by a quarter point on Wednesday. But, the medium- to longer-term outlook for the yellow metal remains bearish as US Fed chairman Janet Yellen hinted at two more interest rate hikes this year.

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China gold premiums rise on limited supply

Gold premiums rose in China this week as traders said supply of the precious metal was limited due to tightening import restrictions to stem currency outflows.

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China gold premiums rise on limited supply

Gold premiums rose in China this week as traders said supply of the precious metal was limited due to tightening import restrictions to stem currency outflows.

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