Gold Price Today In Delhi

Picture of Gold Price Today In Delhi

Gold Prices In Delhi Fall On Poor Local Demand Gold prices in New Delhi dropped due to poor demand from retail buyers as well as industry. The yellow metal fell by 0.12%, trading at Rs.29,575 for 10 grams in trading on November 14, 2017. Demand was muted as investors awaited news on the U.S. PPI data as well as increased movement in the dollar trade. Silver prices were also on the decline, with the metal trading at Rs.

39,803 per kg and recording a loss of 0.27%. A stable dollar rate as well as dropping equities could lead to good prospects for gold, with silver also standing to profit from these factors. 14th November 2017 Indian bullion demand expected to surge with arrival of wedding season Though demand for the precious metal remained pretty much on the lower side this week, the bullion industry expects gold trade to rebound higher with the imminent arrival of India’s peak wedding season in the coming weeks.

Jewellers expect the peak wedding season in the next few weeks to boost demand for the precious metal. Gold import norms for jewellery exporters in India were tightened by the government in October, restricting traders from trading the yellow metal in the domestic market. According to dealers, despite a modest demand, the market was on the low as gold imports by jewellery exporters had declined sharply.

However, with gold being an essential part of Indian weddings, and many wedding dates in the coming weeks, a renewed demand for bullion is expected. 17th August 2017 Reports show poor gold sales during Diwali Diwali in India is often a period where gold sales surge by a significant margin, but according to reports gold sales were on the poor side this year. This trend was also seen in most of the Asian markets as well as sales remained on the low despite gold rates being on the subdued side in the international market.

The main reason for this was the rise in premium for the metal, which rose up to $3 per ounce as opposed to $2 last week. The premium increase was because investors were looking to recover purchases that were made when the rates were higher. Daman Prakash Rathod, Director of MNC Bullion, suggested that demand for gold typically remains on the higher side during Diwali, but the same was unusually low this season.

11th November, 2017 September gold imports in India jump 31% on festive demand The provisional data from Gold Fields Mineral Services (GFMS) showed September gold imports in India jump 31% from the previous year. Jewellers and investors escalated their purchases, with the imminent arrival of Diwali at the end of this month. India, the second biggest consumer in the world could push the global prices higher, which is already trading near their highest price in a week.

The high imports could also boost India's trade deficit. India imported a total of 48 tonnes in the month of September. Most of the gain was due to Dussehra being celebrated on the 30th of September. However, the total figure of September was 75 tonnes lower than the money average for 2017. This is was due to the buys being wary of purchasing the precious metal as gold purchases were considered Prevention of Money Laundering Act (PMLA).

10th October 2017 Delhi's jewellery hub on a downfall aftermath introduction of demonetisation and GST Despite being the festive season, Kucha Mahajani market, the jewellery and gold hub in Delhi is yet to recover after demonetisation and GST implementation. The decline in the Indian economy affected businesses like elsewhere, taking a toll on jobs. According to businessmen, the rise in gold tax rate from 1.

2% to 3% under the Goods and Services Tax (GST) and a decline in demand for the precious metal has resulted in jewellers being forced to cut jobs of their workers. India’s Gross Domestic Product (GDP) slumped to 5.7% - a three-year low in the first quarter ended June. This led to a rise in unemployment rates in India's jewellery sector. The jewellery industry in India is yet to recover after demonetisation, which was announced on 8 November, the previous year.

4th October 2017 Gold imports jumped by 300% in five months The price of gold fell as the commodity exchange opened on Monday, 25th September 2017 after poor demand from overseas. Gold of 99.9% purity fell to Rs.30,700 for 10 grams in the national capital in trading as demand from jewellers was also on the decline. 99.5% purity gold also fell to Rs.30,550 for 10 grams, a decline of Rs.100 in late trading on Monday.

Gold futures were also on the decline, with gold for October delivery falling to Rs.29,520 for 10 grams, a loss of 0.22%. The hung parliament in Germany led to the Euro falling against the U.S. dollar, which negated gains made by gold earlier in the week. 25th September 2017 Gold imports jumped by 300% in five months According to trusted reports, gold imports in the country rose by over 300% from April to August.

The commerce ministry, who disclosed the data to the media claimed that India has imported $15.24 billion worth of gold in the last five months. The report further said that gold imports were at $5.08 billion for the same period last year. Besides this, the ministry’s report suggested that imports rose to $1.88 billion in August alone compared to $1.11 billion in August 2016-17. This increase in imports has also pushed the current account deficit (CAD) between the countries to $11.

64 billion this year as opposed to $7.7 billion last year. 19th September 2017 Gold Prices In Delhi Surge Following North Korea’s Nuclear Test Gold prices soared after news of North Korea’s nuclear test on Monday, 4th September 2017. The bullion market saw gold rise to Rs.30,600 for 10 grams in early trading on September 4th, 2017 as jewellers and jittery investors increased purchases. Silver was also on the rise, with the industrial metal rising by Rs.

200 to trade at Rs.41,700 per kg after coin makers and industrial demand increased.Global gold prices also rose by 0.71% with the yellow metal trading at $1,337.80 per ounce in Singapore. Gold Prices have rallied following the positive global signals. According to the Delhi bullion market, gold prices have rallied for the day two following the positive global signals that have increased by Rs 200 to Rs 30,400 a ten gram.

Gold rose 0.27% to $1,324.40 an ounce and silver by 0.91% to $17.70 an ounce in New York in yesterday’s trade. In Delhi, gold of 99.99% and 99.5% purity increased by Rs 200 each to Rs 30,400 and Rs 30,250 per ten gram respectively. At Rs 24,600 per piece of eight of gram, sovereign remain unchanged. Tracking gold, silver increased by Rs 300 to Rs 41,500 a k.g., and weekly-based delivery by Rs. 240 to Rs.

40,200 a k.g. At Rs 75,000 for selling and Rs 74,000 for purchasing 100 pieces, silver coins remain unchanged. 4th September 2017 Economic survey suggests 3% GST on gold is too low According to an economic survey tabled recently in the parliament, the 3% GST on gold is too low as the precious metal is “disproportionately consumed by the rich”. The survey called the ‘Economic Survey Volume -II 2016 -17 was put forth in the parliament by and Chief Economic Advisor Arvind Subramanian put forth his concerns in the article.

Further, the report suggested that a vast majority of Indians require awareness about tax education and healthcare issues in the country. 29h August 2017 Gold, Silver Rates Fall in Delhi Today Bullion prices in Delhi fell today due to a reduction in demand for the precious metals from industry as well as consumers. Gold was priced at Rs.29,137 for 10 grams today in New Delhi, falling by 0.09% in early trading on August 24th, 2017.

Silver prices were also lower, trading at Rs.39,042 per kg, a fall of 0.08% on its price the previous day. The renewal of tensions between the United States and North Korea will weigh heavily on demand for gold and silver this week, as a meeting of central bankers gets underway in the United States. 24th August 2017

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Gold Price Today in Delhi in Indian Rupee (INR) Last update: Tuesday 12 December 2017 according to the time zone of Delhi The following tables shows the latest gold price in Delhi in Indian Rupee (INR) and USD and rates are updated daily. The prices are sometimes updated more frequently at times of strong price moves based on relibale resources. Gold price in India is calculated both per ounce, gram, kilogram and tola and for the most common karats.

Gold 24 Carat Gram units Gold Price in Indian Rupee (INR) Gold Price in US Dollar (USD) 1 Gram 2,941  45.61  10 Grams 29,412 456.10 100 Grams 294,118 4,561.03 1000 Grams (1kg) 2,941,180 45,610.30 Gold 22 Carat Gram units Gold Price in Indian Rupee (INR) Gold Price in US Dollar (USD) 1 Gram 2,750  42.65  10 Grams 27,500 426.46 100 Grams 275,000 4,264.56 1000 Grams (1kg) 2,750,000 42,645.58 Gold 18 Carat Gram units Gold Price in Indian Rupee (INR) Gold Price in US Dollar (USD) 1 Gram 2,206  34.

21  10 Grams 22,059 342.08 100 Grams 220,589 3,420.77 1000 Grams (1kg) 2,205,885 34,207.72 * 24K= Gold Karat 24, 22K= Gold Karat 22, 18K= Gold Karat 18 Gold Price Chart in Delhi (INR/Gram 24K) Gold price chart for the previous 30 days in Indian Rupee (INR) per gram Karat 24. Gold Price in Delhi in Previous Days in Indian Rupee (INR) Silver Price in Delhi in Indian Rupee (INR) The following tables shows the latest silver price in Delhi calculated in Indian Rupee (INR).

The prices are are based on live spot gold price (Bid Price). The last update was on Tuesday 12 December 2017. Silver prices are displayed both per gram and kilogram. Silver Unit Silver Price in Indian Rupee (INR) Silver Price in US Dollar (USD) 1 Gram Silver 40.20  0.62  1 Kilogram Silver 40,200 623.40 Silver Price Chart in Delhi (INR/Gram 24K) Silver Price in Delhi in Previous Days in Indian Rupee (INR)

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