Back
Home » Business
  •  
    Filmi Bollywood
    • Salman Khan REVEALS Why He Is Still Friends With His Ex-girlfriends!
    • #NotMyDeepika Trends Urging Deepika Padukone To Not Work With MeToo Accused Luv Ranjan
    • Madhur Bhandarkar’s Indu Sarkar To Be Included In The National Film Archives: Read Details
    • Former Delhi CM Sheila Dixit Passes Away; Akshay Kumar, Bhumi Pednekar & Others Offer Condolences
    • Malaika Arora Has Loved Dancing In Item Songs, But Is Now Accepting The Dwindling Trend
    • Ranveer Singh To Get His Very Own Star On The Dubai Walk Of Fame? Read Details!
    • One Year Of Dhadak: Janhvi Kapoor, Ishaan Khatter Celebrate With BTS Throwback Pictures!
    • Priyanka Chopra Jonas Is NOT Assam's Tourism Brand Ambassador Anymore
    • Watch! Hrithik Roshan Practising Bhojpuri Accent For Super 30 Is Hilarious
    • TBT Pic: Ranveer Singh & Ranbir Kapoor Seen Chilling Together On Tamasha Sets Without Deepika!
    • Disha Patani REVEALS Her First Reaction When She Heard Malang's Script!
    • Leaving Salman Khan Behind, Shahid Kapoor Reacts To Uri & Kabir Singh Being The Most Liked Films
    • The Lion King Box Office Day 1 Collection
    • Katrina Kaif Treats Us To Yet Another Stunning Vacation PIC From Mexico!
    • These Inside Photos From Priyanka Chopra's 37th Birthday Celebrations Are Just Not To Be Missed!
    • Hollywood Action Choreographers Roped In For Hrithik Roshan & Tiger Shroff Starrer War
    • The Lion King Full Movie Leaked Online On Tamilrockers To Download In HD Print!
    • Nick Jonas Writes Mushy Birthday Post For Priyanka Chopra; Calls Her 'Whole Heart'
    • Sameera Reddy's Moving Post After Going Through C-Section: The Stitches Hurt Like Mad
    • Taimur Ali Khan Reunites With Cousin Inaaya Naumi Kemmu In London & It's Too Cute To Handle!
Gold Prices Zoom Close To Record High Levels Of Rs. 35,096/10 gm As Dollar Retreats Lower
Good Returns | 11th Jul, 2019 03:51 PM

In the domestic market, gold prices surged close to record high levels today taking cues from the global markets where the precious yellow metal continued its surge for the third-straight session after Jerome Powell raised hopes of interest rate cut despite the strong US job numbers for the month of June.

US Fed Chair Jerome Powell comments on Wednesday highlighting "broad" global weakness, which is impacting the US economic outlook negatively, spurted the case for interest rate cut by the US central bank later in the month. And amid it, the US dollar was dragged lower from its 3-week high reached earlier.

On MCX, gold futures for August delivery rose to Rs. 35,096 per 10 gm, up 0.7%. After the Budget 2019 announcement on July 5 that increased import duty on gold to 12.5% from 10% earlier, gold futures touched a record-high of Rs. 35,100 per 10 gm. On similar lines, silver also increased in price to Rs. 38,464/ kg on the MCX.

Spot gold prices in Singapore are trading close to a 6-year high level at $1,427.23 per ounce. Gold scaled to $1,439.21, its highest price since 2013 on June.

This year the bullion has climbed on the back of uncertain geo-political climate and global trade rift. Also, increased demand for the metal from central banks world over has been supportive of its price.

GoodReturns.in

   
 
Health and Life
  • Exclusive: Doctor Shares How Parents Can Reduce Screen Time For Kids to Counter Myopia Risk
  • Did You Know That Exposure To Pesticides Can Lead To Depression?
  • Top 15 Health Benefits of Quail Eggs
    • Shravan Month 2019: What Foods To Eat And What Foods To Avoid
    • Cysts: Causes, Types, Symptoms & Treatment
    • Black Eye: Causes, Symptoms, Diagnosis & Treatment
      • What Is Horned Melon? Its Benefits, Side Effects And Recipe
      • What Are Navy Beans? Their Benefits, Side Effects And Recipe
      • Kunal Khemu's Fitness And Diet Tips
        • Diet For Jaundice: Foods To Eat And Foods To Avoid
        • Multiple Sclerosis: Causes, Symptoms, Diagnosis And Treatment
        • 7 Nutritious Foods That Help Promote Beard Growth
          • Epidermodysplasia Verruciformis (EV): Causes, Symptoms, Diagnosis And Treatment
          • 20 Healthy Snacks To Curb Hunger
          • Sustainable Menstruation Through Menstrual Cup: Keeping You & The Earth Clean
            • What Is Solomon's Seal? Its Benefits, Side Effects And Recipes
            • 8 Amazing Health Benefits Of Rose Hip
            • Anand Kumar Of Super 30 Reveals He Has Acoustic Neuroma - All You Need To Know About This Condition
              • 6 Amazing Benefits Of Ice Cubes For Your Health
              • 7 Fascinating Health Benefits Of Chicory You Must Know!
              • Empty Nose Syndrome: Causes, Symptoms, Diagnosis & Treatment