Symbol: GOLD| Contract: Aug, 2015| Category: Bullion
- Add to Portfolio
- Add to Watchlist
- Add to Alert
Compare performance of vs. Peers
Color code for performance of Peers
- 5% and above
- 2% to 5%
- 0.5% to 2%
- -0.5% to 0.5%
- -2% to -0.5%
- -5% to -2%
- -5% and below
Gold's Latest News
The government is now seeking public feedback on its proposal to launch gold deposit accounts.
The government on Tuesday released the draft guidelines for its ambitious gold monetization scheme that aims to cut down gold imports in the country.
Spot gold had ticked up 0.2 percent to $1,209.20 an ounce by 0023 GMT, but was firm near the week's low of $1,205.39, reached on Tuesday. The metal lost 1.5 percent in the previous session, snapping a five-day rally.
The government could allow individuals deposit a minimum of 30 grams of gold with banks in return for interest payments to help monetize large quantities of the metal lying with households, a step that is aimed at cutting expensive imports.
Traders said besides a firming trend overseas, pick up in buying by jewellers to meet wedding season demand mainly led to the rise in gold prices.
More from News »
Gold's Latest Videos
Even Jewellery in India Bought As An Investment: WGC
Titan Has 60% of Organised Watch Market: Managing Director
Proposed PAN Rule for Jewellery Purchases 'Unjustified': Titan
Budget was a Disappointment for Gems & Jewellery sector: Sanjeev Ag...
Gold Monetization Scheme to Boost Banks: Deven Choksey
Walk The Talk: Sanjiv Goenka on Budget 2015
How will Tax Collections be Raised: Sanjeev Aga