The department seized the alleged undisclosed assets from the residence of a hawala operator
Traders said sentiment soured after a subdued global trend where gold closed at the lowest level since February as the Federal Reserve gears up to raise rates.
Gold prices suffered more losses by falling another Rs 130 to trade at a fresh 10—month low of Rs 28,450 per 10 grams today, mirroring a weak trend overseas amid slack dema....
Gold prices fell Rs. 130 to hit a 10-month low of Rs. 28,580 per 10 grams on Friday amid a weakening global trend and considerable fall in demand from jewellers at the domest....
Of the estimated 100 tonnes of import, around 70% could be lying in the vaults due to evaporating consumer demand
Trump will lead to two things: inflation and geopolitical chaos. Both the outcomes are positive for gold. There will definitely be a premium placed on gold due to this.
The yellow metal was trading lower by Rs 2 at Rs 27,824 per 10 gm on the exchange. Silver futures on the MCX were trading 0.14 per cent down at Rs 40,965 per 1 kg.
As the money exited, ETFs tied to equity markets saw an inflow of $75.81 billion, helping to send the Standard & Poor’s 500 Index to an all-time high.
Spot gold was down 0.2 percent at USD 1,167.56 an ounce by 0036 GMT. The yellow metal ended the previous session nearly flat.
As per latest RBI data, Rs 8.45 lakh crore worth of such currencies were deposited in banks till November 27