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Gold

Commodities

RBI’s Sovereign Gold bond opens for subscription today

By Administrator_India Capital Sands The Sovereign Gold Bond Scheme 2020-21 – Series IX will be open for subscription today, December 28 till January 1, 2021. The issue price for the latest tranche of gold bonds has been fixed at Rs 5,000, though a discount of Rs 50 per gram on the nominal value will be offered to […]

Commodities

Gold Down, with U.S. Vaccine Approval Countering Stimulus Hopes and Weaker Dollar

By Administrator_India Capital Sands Gold was down on Monday morning in Asia, with investors retreating from the yellow metal amid positive COVID-19 vaccine news. The increased risk appetite offset support from a weaker dollar and hopes that the U.S. will pass its latest stimulus measures. Gold futures were down 0.22% at $1,839.75 by 11:57 PM […]

Gold

Gold prices today fall, down over ₹5000 from record highs, silver rates plunge

By Administrator_ India Capital Sands Gold and silver prices in India edged lower today, as elusive US stimulus package and a stronger US dollar put pressure on the yellow metal. On MCX, December gold futures fell 0.3% to ₹50679 per 10 gram while silver futures plunged 1.12% to ₹61,749 per kg. In recent weeks, gold has remained […]

Commodities

Gold Up Ahead of Fed Policy Decision

By Administrator_India Capital Sands The dollar rose during the previous session after a recent weak spell, buoyed by expectations that today’s Federal Reserve meeting will pursue a policy of keeping interest rates low and controlling inflation. The greenback’s fall on Wednesday helped gold pull back some of its lost territory. Other actors influencing the precious metal’s price include […]

Economy

Euro, gold on a high as the dollar breaks down

By Administrator_India Capital Sands Financial markets greeted Friday with a number of milestones as the euro celebrated a 21-month peak against an embattled dollar, while Asian equities paused short of a six-month top and gold neared its highest on record. For once, currencies have dominated trading as a deal on a European Union recovery plan […]

Business

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Economy

Gold

Dubai 22K gold price touches Dh200 a gram for first time in nine years

Dubai: The official gold rate in Dubai has touched Dh200 a gram for the first time in nine years. Anyone buying gold now – few are – will also have to fork out an additional 5 per cent on that. “Gold’s turning super-hot – for consumers and retailers,” said a trader. “At these levels, it’s […]