Gold prices picked up by Rs140 to Rs32,970 per 10 gram on the back of positive global trend and fresh buying by local jewelers. Silver price also recovered by Rs235 to Rs38,960 per kg on account of increased off-take from Read more
Gold prices dropped by Rs450 to Rs34,200 per ten grams at the bullion market today, led by weak global cues. Silver price also go with and fell by Rs425 to Rs41,050 per kilo on account a subdued global trend in Read more
In other jewellery stocks, Lypsa Gems & Jewellery share price ended higher by 20 percent, followed by SRS Ltd up 16.67%, Moksh Ornaments surged 13.75 percent in trade, ahead of Diwali.
Buying gold and the other ornaments on Dhanteras is ritual or custom. It is believed that the ornaments purchase on this day bring good fortune, specially Gold and the fortune never diminish.
COMEX Gold edged up above USD 1230/ounce on sustained safe haven demand. COMEX is the primary futures & options (F&O) market for trading metals including gold, silver, copper and aluminum.
Growing US interest rates, global growth issues are of growing concern, internationally. A rising dispute between the United States and Saudi Arabia over the vanishing of a prominent Saudi journalist also weighed on the general sentiment of markets.
Edible oil price increased due to weak INR, Soya Oil gained 0.5%. Chana also trading higher, while Mentha oil jumped 2.5%. US dollar crossed 72 level due to which Gold become costly. Silver price also raised.