Gold rate: Check out the latest gold price, trends and market outlook
NEW DELHI: Gold prices fell on Wednesday as positive economic data from the United States backed expectations of further interest rate hikes by the Federal Reserve this year.
Track this space for this and much more on the yellow metal -
WHAT'S HAPPENING TODAY
Gold and silver futures on the Multi Commodity Exchange (MCX) were trading lower in early trade on Wednesday led by subdued demand of precious metals from jewellers, investors and industries. Gold was trading 0.60 per cent, or Rs 173, down at Rs 28765 per 10 gram around 10.25 am (IST), while silver was down 0.87 per cent, or Rs 368, at Rs 42,020 per 1 kg. READ MORE
WHAT HAPPENED YESTERDAY
Gold prices held steady near one-month highs, supported by political and economic uncertainty as US investors await to see if president Donald Trump will be able to enact promised tax cuts and infrastructure spending, taking dollar off multi-month lows. Holdings of New York's SPDR Gold Trust GLD, rose 0.32% while New York's iShares Silver Trust SLV remained unchanged. Spot gold prices in the Indian market was around Rs 29,010 per 10 gm in the afternoon trade. READ MORE
PLANNING TO SELL GOLD? DON'T WAIT TILL NEXT MONTH!
Getting instant money against sale of your household gold may become tougher from April 1. The government, in its amendment to the finance bill, has reduced the cash limit for sale against gold from Rs 20,000 to Rs 10,000 per person a day, which means that even if one needs money during an emergency, he cannot encash his household gold and get the money on the spot. READ MORE
SHOULD YOU INVEST IN GOLD?
Rs 1 lakh invested in gold a decade ago (January 1, 2007) is worth nearly 3.5L today. None of the other four assets has trebled in value during this period. READ MORE
Track this space for this and much more on the yellow metal -
| Date | Gold Rate (Per 10g) Previous close |
| 28-03-2017 | 28848 |
| 27-03-2017 | 28807 |
| 24-03-2017 | 28793 |
| 23-03-2017 | 28800 |
| 22-03-2017 | 28885 |
| 21-03-2017 | 28851 |
| 20-03-2017 | 28505 |
| 18-03-2017 | 28509 |
| 16-03-2017 | 28411 |
| 15-03-2017 | 27985 |
| 14-03-2017 | 28076 |
| 09-03-2017 | 28446 |
| 8-03-2017 | 28629 |
| 7-03-2017 | 28751 |
| 6-03-2017 | 29127 |
WHAT'S HAPPENING TODAY
Gold and silver futures on the Multi Commodity Exchange (MCX) were trading lower in early trade on Wednesday led by subdued demand of precious metals from jewellers, investors and industries. Gold was trading 0.60 per cent, or Rs 173, down at Rs 28765 per 10 gram around 10.25 am (IST), while silver was down 0.87 per cent, or Rs 368, at Rs 42,020 per 1 kg. READ MORE
WHAT HAPPENED YESTERDAY
Gold prices held steady near one-month highs, supported by political and economic uncertainty as US investors await to see if president Donald Trump will be able to enact promised tax cuts and infrastructure spending, taking dollar off multi-month lows. Holdings of New York's SPDR Gold Trust GLD, rose 0.32% while New York's iShares Silver Trust SLV remained unchanged. Spot gold prices in the Indian market was around Rs 29,010 per 10 gm in the afternoon trade. READ MORE
PLANNING TO SELL GOLD? DON'T WAIT TILL NEXT MONTH!
Getting instant money against sale of your household gold may become tougher from April 1. The government, in its amendment to the finance bill, has reduced the cash limit for sale against gold from Rs 20,000 to Rs 10,000 per person a day, which means that even if one needs money during an emergency, he cannot encash his household gold and get the money on the spot. READ MORE
SHOULD YOU INVEST IN GOLD?
Rs 1 lakh invested in gold a decade ago (January 1, 2007) is worth nearly 3.5L today. None of the other four assets has trebled in value during this period. READ MORE
