Gold prices rose 100 baht per baht weight at its opening at 9.21am on Saturday. The Gold Traders Association announced the buying price at 18,550 baht and the selling price at 18,650 baht per baht-weight for gold bars. The buying price for gold ornaments was 18,282.96 while their selling price was 19,050 baht per baht-weight. The prices were adjusted three times on Friday, ending flat from the previous close on Tuesday. The local market closed on Wednesday and Thursday for the New Year holiday. In world markets, gold futures rallied from a four-week low as US equities declined, boosting demand for the metal as anRead More →

Gold Price

New Delhi: After two day of losses, gold staged a comeback to trade Rs 135 higher at Rs 27,160 per 10 grams at the bullion market on Saturday. This was on emergence of buying by jewellers and retailers at existing levels amid a rebound in global markets. Silver, however, fell by Rs 365 to Rs 36.235 per kg on lack of buying support from industrial units and coin makers. Traders said besides fresh spell of buying by jewellers and retailers, a firming trend in global markets on lower US equities boosting demand for the precious metal as an alternative investment, buoyed the sentiment. Gold inRead More →

Dubai's largest jewellery outlet with 600 kilos of gold to open

The largest jewellery outlet in Dubai will open its doors to customers on December 20, 2014. Sprawling over 9,500 square feet in the heart of Dubai Gold Souq, Malabar Gold and Diamonds showroom will be inaugurated by Bollywood’s Kareena Kapoor Khan. Claimed to be the largest jewellery outlet in Dubai, the Indian jewellery retailer boasts a wide variety of designs and ornaments weighing around 600 plus kilograms Speaking to ‘Emirates24|7’, MP Ahmed, Chairman of Malabar Group, the parent company of Malabar Gold and Diamonds, said: “We have 123 showrooms in India and the Middle East and our 123rd branch in Gold Souq is the biggestRead More →

The yellow metal market witnessed wide fluctuations in price in 2014. In the New Year, investors can look forward to relatively lower gold price in the international market, as some of the biggest gold investors and gold reserve holders may sell the metal to tide over current financial pressure from lower oil prices. Speaking to ‘Emirates24|7’, leading gold and jewellery investors and traders said the price fluctuation in 2014 and the lower gold prices by the year-end is a welcome trend and gold price may continue to remain low in the New Year. Gold jewellery retail sales in Dubai will increase by at least 25Read More →

Gold rebounded from a one-month low on Friday, as lower equities counteracted the impact of a stronger dollar and falling oil markets, but still posted its third straight weekly loss. U.S. gold futures for delivery in February closed up $2.10 at $1,186.20 an ounce. Spot gold fell to its lowest since Dec. 1 at $1,168.25 an ounce after the dollar strengthened, but rebounded to $1,194.10, up 0.63 percent at midday on a disappointing ISM manufacturing index report, traders said. Liquidity was thin in post-holiday trading, with Chinese and Japanese markets closed. Prices were heading for a 0.4 percent weekly decline, the third straight week ofRead More →

Gold price was down 2% in 2014

LONDON: Gold rebounded from a one-month low, as lower equities counteracted the impact of a stronger dollar and falling oil markets, but still looked set to post its third straight weekly loss. Bullion ended 2014 down nearly 2 percent, following a 28 percent slump the previous year. Spot gold fell to its lowest since Dec. 1 at $1,168.25 an ounce after the dollar strengthened, but rebounded to $1,191.00 by 1549 GMT on Friday, up 0.8 percent. Liquidity was thin in post-holiday trading, with Chinese and Japanese markets closed. Prices were heading for a 0.5 percent weekly decline, the third straight week of losses. US goldRead More →

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