Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Gold at fresh 10-month low of Rs 28,100 on increased selling.


Date: 28-05-2014
Subject: Gold at fresh 10-month low of Rs 28,100 on increased selling
NEW DELHI: Continuing its losing streak for the second straight day, gold prices on Tuesday fell by Rs 170 to trade at a fresh 10-month low of Rs 28,100 per ten gram in the national capital on increased selling by stockists.

Silver too fell for the third day and shed another Rs 50 to Rs 41,400 per kg on lack of buying support from industrial units and coin makers.

Traders said sentiments continued to remain bearish on persistent selling by stockists after the RBI last week eased import norms on the yellow metal by allowing select trading houses, in addition to already permitted banks, to procure the metal to boost exports.

Besides, easing demand from jewellers and retail customers, who expect prices to come further down, too weighed on the yellow metal prices, they said.

The RBI in July last year had imposed severe restrictions on gold imports in order to check burgeoning current account deficit and sliding rupee.

The central bank had tied imports with exports and prescribed a 20:80 formula. This facility was available to select banks only and other entities were barred from importing the metal.

A weakening global trend where precious metal declined to almost one-week low as the euro weakened, reducing the appeal of the commodity as a haven, further dampened the sentiment, they added.

Gold in Singapore, which normally sets price trend on the domestic front, fell by 0.6 per cent to USD 1,285.50 an ounce, the lowest since May 21, silver by 0.6 per cent to USD 19.31 an ounce.

In Delhi, gold of 99.9 and 99.5 per cent purity fell further by Rs 170 each to Rs 28,100 and Rs 27,900 per ten gram, a level last seen in July last year. Sovereign, however, remained steady at Rs 24,800 per piece of 8 gram in limited deals.

Silver ready dropped by Rs 50 to Rs 41,400 per kg and weekly-based delivery by Rs 130 to Rs 40,770 per kg. The white metal had lost Rs 250 in last two trade.

On the other hand, silver coins maintained steady at Rs 78,000 for buying and Rs 79,000 for selling of 100 pieces.

Source : timesofindia.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 18-09-2025
Corrigendum
Corrigendum to Notification No. 9/2025 – Central Tax (Rate) dated 17.09.2025

Date: 17-09-2025
Notification No. 13/2025-Central Tax (Rate)
Seeks to amend Notification No. 21/2018- Central Tax (Rate) dated 26.07.2018.

Date: 17-09-2025
Notification No. 14/2025-Central Tax (Rate)
Seeks to notify GST rate for bricks.

Date: 17-09-2025
Notification No. 37/ 2025-Customs
Seeks to amend Notification No.19/2019-Customs dated 06.07.2019

Date: 17-09-2025
Notification No. 38/ 2025-Customs
Seeks to amend Notification No.29/2025-Customs dated 09.05.2025

Date: 17-09-2025
Notification No. 39/2025-Customs
Seeks to amend Notification No.50/2017-Customs, dated 30.06.2017

Date: 17-09-2025
NOTIFICATIONNo. 15/2025 – Central Tax
Seeks to exempt taxpayer with annual turnover less than Rs 2 Crore from filing annual return.

Date: 17-09-2025
NOTIFICATION No. 16/2025–Central Tax
Seeks to notify clauses (ii), (iii) of section 121, section 122 to section 124 and section 126 to 134 of Finance Act, 2025 to come into force.

Date: 17-09-2025
Notification No. 12/2025-Central Tax (Rate)
Seeks to amend Notification No. 8/2018- Central Tax (Rate) dated 25.01.2018.

Date: 17-09-2025
NOTIFICATION No. 14/2025 – Central Tax
Seeks to notify category of persons under section 54(6).



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001