Gold dipped in the line of expectation settled with a fall -1.16% after data showed the US economy’s growth rate was unchanged in the first quarter and first-time filings for jobless benefits last week fell slightly. Gold investors will be closely watching US data in the Q2 for clues as to the likelihood of a […]
Gold remains within its range of $1,525 to $1,600 an ounce from the last three weeks, although it is heading for its biggest loss for the month of May in 30 years.“The yellow metal has ended the month of May with around a 6% loss. Its fourth consecutive monthly loss and worst May performance since […]
Gold, Copper and Energy prices rallied on Friday, sending commodities broadly higher, after data showing softer U.S. economic growth in the first quarter raised the prospect of more stimulus from the Federal Reserve. The weaker-than-expected data on U.S. gross domestic product pushed the dollar down despite pressure on the euro from a downgrade of Spain’s […]
The Government has changed the import duty on both gold and silver. Silver import duty decreased a 6% from its previous value, Rs 1,500 per kilogram and import duty on gold altered a 2% value from its earlier Rs 300 per 10 grams. This announcement has brought a lot of changes in the market for […]
