23
Wednesday
January 2019
7:32 AM IST
News Headlines
Rishabh Pant named ICC''s Emerging Cricketer of 2018        ''King Kohli sweeps ICC awards; also named captain of Test, ODI Teams of the Year        WhatsApp limits message forwarding to fight 'fake news'        India to surpass China to become 2nd largest oil demand centre in 2019        Kamala Harris'' 2020 US presidential bid excites Indian-Americans        Kapil Sibal demands probe into EVMs hacking claim        BJP using EVMs to suppress voice of opposition: Akhilesh        102 one-horned rhinos killed since 2008, 209 poachers arrested: RTI reply        Heavy rains, hail lash parts of Delhi; city traffic thrown out of gear        EVM hacking charges sets off political wrangling, EC files police complaint        NRIs are India's brand ambassadors, symbolise country's capabilities: PM        More domestic, international services from Kannur International Airport        Kohli will break all records created by Tendulkar: Zaheer Abbas        Man gets 7 years rigorous imprisonment for robbery        Encounter breaks out at Shopian in J-K        France fines Google nearly $57 million        Full dress rehearsal for Republic Day Parade on Wednesday, traffic restrictions to be in place        Jaitey calls Congress remarks on EVM hacking "lie and garbage"        China''s economy slumps to 28 year low to 6.6 per cent in 2018        Venezuela military group calls in video for not recognizing Maduro        
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Business News
Gold Prices Rise Over 6% In 2018
 
(New Delhi, Jan01, 2019):Gold gave a return of over 6 per cent in the year gone by. Ending the last session of 2018 on a weaker note, gold prices on Monday plunged by Rs. 370 to Rs. 32,270 per 10 grams at the bullion market, reported news agency Press Trust of India. Monday's decline came due to a considerable fall in demand from local jewellers amid muted trend overseas. In line with the gold prices, silver also dipped Rs. 125 to Rs. 39,100 per kg on subdued fag-end demand from industrial units and coin makers.

Besides, a stronger rupee against the dollar making imports cheaper exerted pressure on the prices of the precious metal, reported the agency citing traders.

Moreover, the marketmen also said shifting of funds towards the rising equity market was another factor for decline in the gold prices.

In Delhi, gold of 99.9 per cent and 99.5 per cent purity fell by Rs. 370 each to Rs. 32,270 and Rs. 32,120 per 10 grams, respectively. The gold prices, however, had risen by Rs. 190 in the previous two sessions. Sovereign gold on Monday held steady at Rs. 25,200 per piece of 8 grams.

For the year, the gold prices jumped by Rs. 1,870, or 6.15 per cent, as compared with the price of Rs. 30,400 per 10 grams on December 30, 2017. Silver, on the other hand, lost Rs. 880, or 2.2 per cent, against Rs. 39,980 per kg as on December 30, 2017.


Globally, gold prices scaled a six-month high on Monday but was poised for its first annual decline since 2015 after previous declines on higher interest rates and dollar strength from the Sino-US trade conflict, reported news agency Reuters.

Spot gold rose 0.1 per cent to $1,282.62 an ounce in the intraday trade, with a dip in the dollar helping to lift the metal to its highest since June 19. US gold futures were also up 0.1 per cent at $1,284.

Silver ready also fell by Rs. 125 to Rs. 39,100 per kg Monday, while weekly-based delivery was marginally down by Rs. 6 to Rs. 38,700 per kg. Silver coins were, however, unchanged at Rs. 76,000 for buying and Rs. 77,000 for selling of 100 pieces.


WhatsApp limits message forwarding to fight 'fake news'
India to surpass China to become 2nd largest oil demand centre in 2019
China''s economy slumps to 28 year low to 6.6 per cent in 2018
Minister says UK faces 'political tsunami' if Brexit halted
Mumbai TDS office issued prosecution notices in 50 ''big'' cases in past one month: CBDT
Honda Cars India announces increase in car prices, effective from Feb 1
IOC to raise USD 3 bn more in overseas loan
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Huawei founder denies spying for China in rare interview
Rupee slips further, settles below 71-level against USD
Sebi fines 10 entities for fraudulent trading in Mindvision Capital shares
Govt sets up common facility centres for gems and jewellery sector
Rupee rises 14 paise against US dollar in early trade
Export demand to drive future growth of manufacturing companies
MCA summons directors, officers of Usha Martin
Reliance Communications Says 'Fully Committed' To Settle Dues With Ericsson
Jet Airways In Talks With SBI To Raise Rs. 1,500 Crore: Report
Petrol, Diesel Prices To Rise In Karnataka As State Hikes Fuel Taxes
RBI Scales Down Printing Of 2,000 Rupee Note: Report
Banks likely to recover bad loans worth Rs 70,000 crore by March-end: Arun Jaitley
KERALA NEWS
More domestic, international services from Kannur International Airport
 Thiruvananthapuram: More domestic, international services to start from Kannur International Airport  
Mineral sand mining: Talks fail, agitaion to continue
Kerala HC disqualifies Koduvally MLA
Kanakadurga attacked by mother-in-law
INTERNATIONAL NEWS
Kamala Harris'' 2020 US presidential bid excites Indian-Americans
 Washington, Jan 22 (PTI) Kamala Harris'' plunge in the 2020 US presidential race has thrilled the In
Kapil Sibal demands probe into EVMs hacking claim
France fines Google nearly $57 million
Venezuela military group calls in video for not recognizing Maduro
NATIONAL NEWS
BJP using EVMs to suppress voice of opposition: Akhilesh
 Lucknow, Jan 22 (PTI) Latching on to the claim by a US-based cyber expert that the 2014 Lok Sabha el
102 one-horned rhinos killed since 2008, 209 poachers arrested: RTI reply
Heavy rains, hail lash parts of Delhi; city traffic thrown out of gear
Man gets 7 years rigorous imprisonment for robbery
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