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Tuesday
June 2019
5:09 AM IST
News Headlines
Bhuvneshwar ruled out of next 2-3 games due to hamstring niggle: Kohli        Shakib 124, Liton 94 guide Bangladesh to 7 wicket victory over WI        Facebook to unveil new cryptocurrency        Sensex drops over 150 pts; Nifty below 11,800        Hong Kong police clear streets as protesters move to park        Argentina, Uruguay restore power after massive blackout        Hong Kong activist Joshua Wong walks free, calls on leader to resign        Don't bother about numbers, your every word is valuable: PM to Oppn        Kejriwal seeks action against cops for thrashing driver        Amarinder seeks Shah's intervention in streetfight between cops and driver in Delhi        WB doctors agree to call off strike during meeting with Mamata        Kerala Congress (M): Jose K Mani elected as Chairman        Cyclone Vayu to recurve towards Gujarat and weaken gradually        Joseph terms Jose K Mani''s election unconstitutional, says ''crowd'' can''t elect chairman        Heatwave claims 61 lives in Bihar        With eyes on 2022, Priyanka to step up UP tours, meet Cong workers twice a week        Hong Kong leader apologises as massive rally chokes city        Gunmen on motorcycles kill 34 villagers in Nigeria: Police        Trump to raise Hong Kong protests with Xi at G20: Pompeo        Protesting doctors turn down Mamata''s invite for talks, say CM has to apologise first        
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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.


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KERALA NEWS
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INTERNATIONAL NEWS
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Hong Kong activist Joshua Wong walks free, calls on leader to resign
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NATIONAL NEWS
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Kejriwal seeks action against cops for thrashing driver
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