Gold Prices Archives

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EconomyDhanteras, Gold Prices

Go for gold! Buy gold ahead of Dhanteras before prices shoot up

Gold prices are trading lower, while it may be a good opportunity for you to buy the precious metal before prices shoots up by Dhanteras. At MCX, gold futures for December delivery opened Rs 175 or 0.34 percent lower at Rs 51,880 per 10 gram as against Rs 51,912 in its previous trade. A reuters report added that gold, which is limited in supply and seen as a hedge against inflation in an era of ultra-loose monetary and fiscal policies, eased slightly to $1,942 per ounce after…

Gold falls Rs 94 on global cues, silver up by Rs 782

Gold prices declined by Rs 94 to Rs 52,990 per 10 gram in the national capital on Friday following selling pressure in international market, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 53,084 per 10 gram. Silver prices, however, rose by Rs 782 to Rs 69,262 per kg from Rs 68,480 per kg in the previous trade. In the international market, gold was quoting lower at USD 1,938 per ounce, while silver was trading flat at USD 27.19 per ounce.…

RBI hikes LTV limit on gold loans to mitigate impact of COVID-19

Announcing the bi-monthly Monetary Policy on August 6, the Reserve Bank of India noted that the disruptions caused by COVID-19 have led to increased financial stress for borrowers across the board, creating a huge challenge of their debt burden. Accordingly, the Central Bank has to decided to provide a window under the June 7th Prudential Framework to enable lenders to implement a resolution plan in respect of eligible corporate exposures - without change in ownership - as well as personal loans, while classifying such exposures as standard…