Demand from the Central Bank
Silver futures traded 0.59 percent lower at Rs 69,550 per kg. February gold futures on MCX fell 1.4% or ₹700 to ₹50,775 per 10 gram, in its second decline in three days. The price of 24-carat gold in Chennai was Rs 52,410 per 10 gm. Gold rates are lower by Rs 6,000 per 10 grams, compared to August's high of Rs 56,200.Price is so high in global marketsIn global markets, gold fell 0.1 percent to USD 1,911.32 an ounce from a strong USA dollar, but the precious metal is still at a weekly gain of 0.7 percent.
In the global market, gold was trading lower at United States dollars 1,889 per ounce, while silver was quoting flat at USD 26.68 per ounce. Spot gold was down 0.3 per cent to $1,912.86 per ounce.
Global gold inched lower on Friday as the U.S. dollar and Treasury yields firmed, although hopes for additional stimulus in the world's largest economy kept bullion on course for a second straight weekly gain, a Reuters report said. The flow of ETFs reflects weak investor interest in gold.
Scott Pilgrim Game Gets Physical Release From Limited Run!
Whether you missed out on the game's initial release or not, definitely don't sleep through its awesome return this month. However, the corporate mentioned it's planning to release physical copies for Xbox One at a later date.
"Gold prices witnessed sharp selling on Friday as dollar rebounded", HDFC Securities Senior Analyst (Commodities) Tapan Patel. Gold ETFs are based on the prices of gold and its price also decreases with the subsequent fluctuations in its price.
On Thursday, President Donald Trump conceded that Biden will be the next USA president, a day after his supporters stormed the U.S. Capitol. United States gold futures were up 0.3 per cent at $1,913.90. "Silver may see support at Rs 69,000 level and resistance at Rs 70,600 level", Kedia added.
Recommended News
-
11 January 2021
Australia on high alert after overseas travelers bring new COVID-19 strains
The Premier said the highly contagious United Kingdom variant was "a whole new ballgame". Queensland Health Minister Yvette D'Ath said "things are getting worse globally".
11 January 2021Google Meet Adds Instant Meetings for Quick Virtual Meetups
Last April, we announced to you that Google Meet was integrated with Gmail, thus expanding the scope of the conversations. Start an instant meeting: Join a meeting in a single click, without first going to the Meet greenroom.11 January 2021Identical twins not so identical after all
Fraternal or dizygotic twins are formed by two eggs that are fertilised by two sperm and produce two genetically unique children. Before next-generation sequencing became widely available around 2005 , it could take 10 years or more to sequence a genome. -
11 January 2021The iPhone 13 might finally make the notch thinner
A new report claims that the iPhone 13 series will sport an identical design as the iPhone 12 series. Additionally, the camera bump will be just as thick with a small change to the appearance.Mega Millions results for 01/08/21; did anyone win the $520M jackpot?
On Friday evening, the Powerball jackpot stands at an estimated R50 million and the Powerball Plus jackpot at R6 million . When a ticket didn't match up to the winning numbers, the pot amount increased for the next Mega Millions drawing.
11 January 2021Jobless Georgians receive first checks from new federal stimulus package
Federal Pandemic Unemployment Compensation (FPUC), the extra $300 benefit, ends on the week ending March 13, 2021. An additional $7.6 billion in PUA payments have been made to more than 820,000 recipients. -
11 January 2021Second positive case of COVID-19 at St. F.X
Provincial casinos in Halifax and Sydney can reopen, as will three First Nations casinos in Halifax Regional Munciiplaity. People who've had visitors from New Brunswick should also get tested, Strang said, but don't need to isolate.
11 January 2021BSNL Plans To Launch New STV Plan; Offering Unlimited Data Benefits
BSNL , the state-owned telecom operator offers a couple of long-term prepaid plans that also include the Rs 1,999 and Rs 2,399. The PV 2,399 long-term prepaid plan also offers 3GB data per day and after the data FUP, the speeds will be reduced to 80Kbps.
11 January 2021Star player… Towie’s Mark Wright in Crawley cup shock
Mason Mount marked his 22nd birthday in memorable fashion as the midfielder fired in from 25 yards in the 18th minute. Bernardo Silva was one of those who came in and he opened the scoring with a superb half-volley after eight minutes. -
11 January 2021Chinese city of 11 million enters lockdown after coronavirus surge
The National Health Commission said Monday that another 82 people had tested positive in Hebei and were showing symptoms. Over nine million doses of COVID-19 vaccines have been inoculated in China, Zeng Yixin, deputy head of the NHC, said.11 January 2021Marvel’s Moon Knight series adds Synchronic directors Justin Benson and Aaron Moorhead
Jeremy Slater ( The Umbrella Academy; The Exorcist ) will serve as showrunner, and is leading the show's writing team. Together, they've created indie sci-fi horror films such as Synchronic (2019), The Endless (2017), and Spring (2014).
11 January 2021All-women crew for Air India's inaugural San Francisco-Bengaluru flight
She has command experience in a B-777 aircraft of more than 10 years and more than 2,500 flying hours. Air India will also operate two flights a week in the other direction - Bengaluru to San Francisco.
