The yellow metal was trading 0.47 per cent, or Rs 132, up at Rs 28,512 per 10 gram, while the white metal was trading higher by 0.68 per cent, or Rs 277, at Rs 41164 per 1 kg.
"On the physical side, people are expecting good demand from China ahead of the Chinese New Year," Lan said. The Lunar New Year falls later this month.
This year, we expect to see firmer prices, in large part, driven by the return of investor demand
Also launches interest rate futures; one can now invest in derivative contracts on govt securities
Punters increase bearish bets; those with ready bullion are selling in spot and buying futures
Imports of the precious metal were on a decline since February this year till September. It recorded positive growth in October and November.
Halting its four-day winning run, gold drifted lower by Rs 100 to Rs 29,350 per 10 gram at the bullion market in Delhi due to weak retail demand. However, silver recaptured th....
The major reason for the dip in reserves is because of revaluation of the gold reserves with the central bank which is done every month end.
In the international markets, gold slipped in today’s session after hitting a seven-week high on Thursday as the dollar edged up.
(Reuters) - Gold slipped early on Friday after hitting a seven-week high in the previous session as the dollar edged up, but the yellow metal was on track to end higher for a ....