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

Gold prices plunge by Rs 410 on weak global cues, low demand.


Date: 10-02-2015
Subject: Gold prices plunge by Rs 410 on weak global cues, low demand
NEW DELHI: Gold prices plunged by Rs 410 to trade at over two-week low of Rs 27,790 per 10 grams at the bullion market on Monday owing to slackened demand at prevailing levels amid a weak global trend.

Silver also slumped by Rs 820 to Rs 37,530 per kg on poor offtake by industrial units and coin makers.

Traders said apart from slackened demand at current levels from jewellers and retailers, a weak global trend mainly pulled down gold and silver prices.

They said, however, depreciating rupee which slipped to over three-week low of Rs 62.07, capped the losses as a weak rupee made imports costlier.

Gold in New York fell by 2.47 per cent to $1,233.30 an ounce in Friday's trade after data showed that the US added more jobs than forecast in January, boosting expectations that the Federal Reserve will move towards the first interest-rate hike since 2006.

Silver also declined by 3.11 per cent to $16.69 an ounce.

In the national capital, gold of 99.9 and 99.5 per cent purity plunged by Rs 410 each to Rs 27,790 and Rs 27,590 per 10 grams, respectively, a level not seen since January 14.

Sovereign followed suit and lost Rs 100 at Rs 23,900 per piece of eight grams.

In a similar fashion, silver ready dropped by Rs 820 to Rs 37,530 per kg and weekly-based delivery by Rs 990 to Rs 37,150 per kg.

Silver coins nosedived by Rs 2,000 to Rs 61,000 for buying and Rs 62,000 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: 19-07-2025
Notification No. 34/2025-Customs
Seeks to amend notification No. 146/94-Customs, dated the 13th July, 1994 to omit serial number 10A.

Date: 18-07-2025
Notification No. 33/2025-Customs
Seeks to amend notification No. 146/94-Customs, dated the 13th July, 1994 to provide exemption on import of Horses for Polo (HS 0101 29 10) under specified condition.

Date: 16-07-2025
Notification No. 47/2025-Customs (N.T.)
Appointment of Common Adjudicating Authority for the purpose of finalization of Provisional Assessment in SVB case w.r.t. M/s. Ammega Belting India Pvt. Ltd. -reg

Date: 15-07-2025
Notification No. 46/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 30-06-2025
Notification No. 44/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 30-06-2025
Notification No. 32/2025-Customs
Seeks to amend Notification No.130/2010- Customs dated 23.12.2010 to extend the exemption benefits to Air Canada.

Date: 13-06-2025
Notification No. 43/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 11-06-2025
Notification No. 42/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 06-06-2025
Notification No. 13/2025-Customs (ADD)
Seeks to impose Anti Dumping Duty on imports of ‘Insoluble Sulphur’ originating in or exported from China PR and Japan.

Date: 30-05-2025
Notification No. 38/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver



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