Bullion market News

Silver also rebounded by Rs 105 to Rs 38,280 per kg, backed by increased offtake by industrial units and coin makers.

Gold prices held steady at Rs 29,950 per 10 grams at the bullion market on Saturday on scattered demand from local jewellers.

The BSE, the NSE, forex, money and bullion markets will remain closed on Tuesday on account of Eid-ul Azha or Bakr-Eid.

Gold regained its glitter with prices rising by Rs 150 to Rs 30,800 per 10 grams at the bullion market today on pick-up in buying activity by jewellers at domestic spot market even as the metal weakened overseas.

The white metal prices have risen by nearly 44 percent since January 1 this year.

Silver too faced selling pressure and broke below the Rs 41,000-mark by losing Rs 200 to Rs 40,900 per kg.

 Gold prices drifted lower by Rs 25 to Rs 30,025 per 10 grammes at the bullion market today as demand eased from jewellers and retailers at prevailing levels even as the metal strengthened overseas.

Gold prices rebounded by Rs 200 to trade above the Rs 30,000 mark at the bullion market today, taking positive cues from global markets amid fresh purchases by jewellers at domestic spot market.

Gold rose to just shy of a 15-month high on Tuesday as the dollar and global shares fell on uncertainty around future U.S. interest rates increases, rekindling investor appetite for safer assets.

Gold prices drifted by 0.27 percent to Rs 29,167 per 10 ten grams in futures trade as speculators indulged in profit-booking at prevailing levels, even as metal strengthened overseas.

The Indian Overseas Bank (IOB) will sell the 'Indian Gold Coin' at its branches in the city tomorrow on the occasion of 'Gudi Padwa'.

A large number of jewellery establishments in the country remained shut for the 34th day today to protest against one per cent excise duty on non-silver jewellery.

India`s gold imports in February fell 34 percent compared with the same period last year, news agency NewsRise Financial reported on Monday, citing a government official, as high prices and hopes for a cut in import taxes kept buyers away.

Trading remain stand still at the Bullion market for yet another week as a large number jewellers and bullion traders across the country continued their over one-month old strike against the budgetary proposal to levy one per cent excise duty on non-silver jewellery.

A large number of jewellery shops across the country remained closed on Saturday as gold traders continued their protest against one per cent excise duty on non-silver jewellery.

Gold prices edged up at the domestic bullion market here on mild demand from jewellery stockists and traders.

Continuing loses for the second straight session, gold prices plunged by Rs 275 to Rs 28,085 per ten grams at the bullion market today, tracking a weak trend overseas and low demand from jewellers.