x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Doctors - The Unsung Heroes of Healthcare | WHEN RS 10 FEELS EXPENSIVE ON A CART, BUT NOT IN A CAFE | Urdu For Naib Tehsildar Recruitment Test | Yatri Niwas in Srinagar | LG Sinha inaugurates SASB Yatri Niwas at Pantha Chowk | LG launches campaign for zero-waste pilgrimage | 'Amarnath Yatra arrangements upgraded' | Heroin worth Rs. 420 crore seized in Rajasthan; Pak-based smuggler, Canada handler named | Within minutes after formation of PAC, NC mocks Sajad Lone’s new political front as ‘BJP’s B-Team’ | CM Omar calls for revival of buyer-creator relationship at SKICC Meet | Salal Dam gates opened amid rising Chenab Water levels | DGP chairs joint security review meeting in Anantnag, visits key areas | Major reshuffle in ACB J&K | From warzone to homeland: Kashmiri students hail India’s rescue mission with tricolour cheers | Security Forces bolster security with hi-tech gadgets | Token distribution for registration begins | Security Forces conduct joint mock drill | India woman footballer Soumya undergoes surgery after nasal bone fracture | Lack of variety in India's bowling attack is concerning: Chappell | National-level minor boxer alleges sexual harassment by woman coach | | MCM launches workshop on Skill Development, Entrepreneurship | GDC Kathua honours NCC Cadet Mohit Kanathia with grand welcome ceremony | Missing person traced from Pallanwala within 2 days | JKHCBAJ unveiles Portrait of Maharaja Hari Singh ji, inaugurated | Four JKAS Officers transferred In Transport Dept Reshuffle | J&K police arrest 87 in drug crackdown, seize narcotics worth Rs 2.42 Cr | Gross GST collections double in 5 years to record Rs 22.08 trillion in FY25 | Srinagar police attaches residential property worth Rs 50 lakh | SKUAST-K holds workshop in Gurez to promote revival of heritage crops | Reasi police solves two theft cases in Katra, accused arrested, stolen property | Union Minister Piyush Goyal to lead transformative FTII Traders conclave | Congress holds impressive Jai Hind Yatra in Poonch City, salutes armed forces, martyrs | Warm, affectionate farewell accorded to retirees of Agriculture Department Jammu | DC Shopian inspects work of rural development projects at Keller | Former JKNPP leaders, senior workers join Apni Party | Committee on Petitions holds meeting in Srinagar | 6000 students participate in NMMSS examination | Ladakh PM Vishwakarma artisans participate in MSME Day celebration | Vi Business’s ready for next - India’s largest digital advisory celebrates growth on MSME day | Indian Army pays tribute to Ex-Serviceman | Civil Defence, Jammu started 5 days CD training programme | Warm send off accorded to Sardar Dharminder Singh Bhargav Head Pharmacist from DHS-J | JKEDI concludes second batch of MDPs in 10 districts | Handicrafts, Handloom Deptt condoles demise of father of Mussrat Islam | IGNOU launches certificate programme for Nurse Managers to Strengthen Managerial Competencies in Nursing Services | Back Issues  
 
news details
Gold prices decline
11/11/2024 10:13:13 PM
NEW DELHI, Nov 11: Gold prices declined by Rs 450 to Rs 79,550 per 10 grams in the national capital on Monday amid weak trends in the international markets, according to the All India Sarafa Association. On Friday, the yellow metal had settled at Rs 80,000 per 10 grams.
Silver also plunged Rs 600 to Rs 94,000 per kg on Monday against the previous close of Rs 94,600 per kg.
Price of gold of 99.5 per cent purity fell Rs 450 to Rs 79,150 per 10 grams. The precious metal had closed at Rs 79,600 per 10 grams on Friday.
Meanwhile, in futures trade on the Multi Commodity Exchange (MCX), gold contracts for December delivery slumped Rs 460 or 0.6 per cent to trade at Rs 76,812 per 10 grams.
“Gold prices are trading lower, with Comex down, slipping from Friday’s close of USD 2,685 as the strengthening dollar index exerts pressure on the yellow metal.
“The rise in US bond prices following Trump’s election victory is contributing to the corrective trend in bullion,” Jateen Trivedi, VP Research Analyst – Commodity and Currency at LKP Securities, said.
Silver contracts for December delivery rose Rs 63 or 0.07 per cent to Rs 91,332 per kg on the exchange.
Globally, Comex gold futures slipped USD 17.80 per ounce or 0.66 per cent to USD 2,677 per ounce.
“Last week, Comex gold prices fell to a one-month low of USD 2,650.30 per ounce, as investor sentiment shifted toward risk assets following Trump’s election victory and the Republican Party’s successful bid to regain control of the US Senate,” Kaynat Chainwala, AVP-Commodity Research at Kotak Securities, said.
Gold briefly rebounded above USD 2,700 after the Fed’s widely anticipated 25-basis point rate cut. However, a stronger dollar and rising Treasury yields kept gold under pressure, and it closed the week down 2 per cent at USD 2,694.80 per ounce, Chainwala added.
According to Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, gold resumed trading on a lower note due to a number of bearish factors, such as the strength of the US dollar, bets on less aggressive Federal Reserve interest rate cuts, and elevated US bond yields.
However, Comex silver futures increased 0.23 per cent to USD 31.52 per ounce in the Asian market hours.
According to commodities experts, last week, US President-elect Donald Trump pledged a 10 per cent tariff on all US imports and is expected to trigger a resurgence in inflation and restrict the US Federal Reserve’s (Fed) ability to ease aggressively in the near future.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU