-
Gold discounts in India deepen as volatility hurts demand; purchases in China steady
Gold traded at a wide discount in India this week as price volatility weighed, while demand in China remained steady with the country's central bank reporting its largest monthly increase in gold reserves in more than 2-1/2 years in June. International spot gold prices slipped to a two-week low, retreating from an over 2% jump last week. Domestic gold prices in India were also trading around 144,800 rupees per 10 grams on Friday, after rising to 148,069 last week. "Buyers are now waiting for a bigger drop in prices before making purchases," said Ashok Jain, proprietor of Mumbai-based gold wholesaler Chenaji ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
Trump: Agreed to Keep Negotiations With Iran Going Trump: Iran has requested US to proceed with talks BREAKING: Trump: Have agreed to Iran talks, but united states has stated to them, in no uncertain terms, that cease fire is over. 
The Islamic Republic of Iran has asked us to continue “talks.” We have agreed to do so, but the United States has stated to them, in no uncertain terms, that the Cease Fire is OVER! Thank you for your attention to this matter. President DONALD J. TRUMP
The Islamic Republic of Iran has asked us to continue “talks.” We have agreed to do so, but the United States has stated to them, in no uncertain terms, that the Cease Fire is OVER! Thank you for your attention to this matter. President DONALD J. TRUMP
QATARI NEGOTIATORS ARE IN IRAN TO MEET IRANIAN OFFICIALS IN AN EFFORT TO DE-ESCALATE TENSIONS AND CREATE CONDITIONS FOR BROADER NEGOTIATIONS TO CONTINUE; TALKS CONDUCTED IN COORDINATION WITH U.S. - SOURCE WITH KNOWLEDGE OF THE SITUATION QATAR SAYS IMPORTANT FOR IRAN, US TO IMPLEMENT MOU Talks aim to address implementation of the US-Iran memorandum of understanding and issues that triggered the recent US-Iran escalation, including disputes over navigation in the Strait of Hormuz - Source with Knowledge of Situation.
From brecorder.com | 8 hr ago
Gold prices edged higher on Friday as the dollar softened, but were on track for a weekly decline on concerns that escalating US-Iran tensions could fuel inflation and keep the US Federal Reserve on a hawkish monetary policy path. Spot gold was up 0.2% at $4,128.92 per ounce, as of 0303 GMT, and headed for an over 1% weekly fall. U.S. gold futures for ...
