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Thursday
March 2019
10:02 PM IST
News Headlines
Soldier killed as Pak army violates ceasefire along LoC in Rajouri        SAFF Women C''ship: Indian women thrash Bangladesh 4-0, will face Nepal in finals        Theresa May seeks Brexit Day delay, EU demands new vote        Nirav Modi arrested in UK; court remands him in custody till March 29        Mayawati won''t contest LS polls, but says still possible to become PM        Samjhauta blast case: Swami Aseemanand, 3 others acquitted        Not playing is not the solution: Ganguly on workload management        IPL schedule: KKR gets relief, to play all home matches at Eden        Rupee pauses after 6-day rally, slips 43 paise against US dollar        Jaitley dubs '108 purported economists' as compulsive contrarians        Sack 3 ministers in Imran Khan's govt for supporting banned outfits: Bilawal        Pak court mulls options for recording Musharraf's statement in treason case        HC takes note of 'dearth' of special education teachers in Delhi schools        Cong-JDS to campaign jointly, vow to reduce BJP to single        Mamata lashes out at BJP for questioning her religion        Jet pilots threaten to stop flying from Apr 1, set Mar 31 deadline on bailout, salaries        Congress will restore special category status to Arunachal and other NE states: Rahul        We think about the future: Sasi Tharoor        No riots in UP since BJP came to power: Adityanath        Congress finally picks Muraleedharan for Vadakara        
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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.


Rupee pauses after 6-day rally, slips 43 paise against US dollar
Jaitley dubs '108 purported economists' as compulsive contrarians
Reliance Communications pays Rs 458.77 cr to Ericsson: Sources
Sensex rises over 100 pts; Nifty above 11,300
Rupee rises by 8 paise to 69.63 vs USD in early trade
Tata Motors bags orders of over 2500 units of commercial passenger transportation vehicles
Crisis-hit Jet Airways defaults on foreign loan repayment
Optiemus launches wireless charger at Rs 2,499/-
Oil prices fall amid weak US jobs data
JSW Cement introduces high-strength Comp Cem cement in Goa
Star rating prog launched for microwave ovens, washing machines
In a first, SBI links pricing of loans, deposits to repo rate
Kia Motors announces partnerships with 8 leading financial institutions to offer financial services
Driving licences, vehicle registration certificates to come in card format only
Mining blocks to be allotted via e-auction only: J&K
ICF to roll out over 3000 coaches this fiscal, among largest railcar builders in world
Mercedes "cautiously optimistic" on growth in election year
UP to get 40 paise/unit cheaper power from plant
45 passports of NRIs cancelled for abandoning their wives: Maneka
Singapore supermarket chain removes basmati from shelves after customer finds dead rat in rice bag
KERALA NEWS
We think about the future: Sasi Tharoor
 Kottayam: We, the Congress party thinks about the future, says Sasi Tharoor MP. We stand for the you  
No riots in UP since BJP came to power: Adityanath
Congress finally picks Muraleedharan for Vadakara
I always stand for the principles and ethics I believe in: Sasi Tharoor MP
INTERNATIONAL NEWS
Theresa May seeks Brexit Day delay, EU demands new vote
 London: British Prime Minister Theresa May wrote to the European Council on Wednesday seeking a "sho
Sack 3 ministers in Imran Khan's govt for supporting banned outfits: Bilawal
Pak court mulls options for recording Musharraf's statement in treason case
Musharraf admitted to Dubai hospital after reaction from rare disease : Party
NATIONAL NEWS
Mayawati won''t contest LS polls, but says still possible to become PM
 Lucknow/New Delhi, Mar 20 (PTI) BSP chief Mayawati Wednesday announced she will not contest the upco
Samjhauta blast case: Swami Aseemanand, 3 others acquitted
HC takes note of 'dearth' of special education teachers in Delhi schools
Cong-JDS to campaign jointly, vow to reduce BJP to single
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