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Gold price today falls to Rs 47,900 per 10 gm, silver at Rs 47,700 per kg
Posted on 27th June 2020
Gold prices today fell to Rs 47,900 from Rs 48,060 per 10 gram, while silver climbed to Rs 47,700 from Rs 47,600 per kilogram on Saturday, according to the Good Returns.

The prices of gold jewellery vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

In New Delhi, the price of 22-carat gold is holding steady at Rs 46,700 per 10 gram, while in Chennai it is Rs 46,180. In Mumbai, the rate is Rs 47,250, according to the Good Returns website. The price of 24-carat gold prices in Chennai is Rs 50,390.

On MCX, August gold futures jumped 0.76 per cent to Rs 48,305 per 10 gram. Silver July futures rose nearly 0.52 per cent to Rs 48,365 per kilogram. MCX has decided to accept gold and silver bars refined at domestic refineries for deliveries, subject to final regulatory approval.
silverSilver climbed to Rs 47,700 from Rs 47,600 per kilogram.

Gold prices witnessed their third consecutive weekly gain on Friday over worries of rising coronavirus infections worldwide, although a firm dollar and a gain in equities blunted safe-haven demand.

Spot gold was down 0.1 per cent at $1,758.95 per ounce as of 0557 GMT. The bullion has risen more than 1 per cent this week, with prices scaling a near-eight-year high of $1,779.06 on Wednesday. US gold futures fell 0.2 per cent to $1,767.20.

"The amount of money pumped in by governments definitely supports gold as a safe haven, with this Covid-19 situation still around," said Brian Lan, managing director at Singapore dealer GoldSilver Central, amid low interest rates globally. The dollar has pared a large part of this week's losses.

Asian stock markets ground higher, but are set to end the week little changed as surging COVID-19 infections offset encouraging economic data.

Other Latest News
Noida gets 400-bed Covid-19 hospital, CM Yogi Adityanath reviews facilities
Posted on 8th August 2020
Uttar Pradesh Chief Minister Yogi Adityanath on Saturday inaugurated a dedicated 400-bed government hospital for COVID-19 patients in Noida.

The facility is located in Sector 39 of the city and has come up in association with the Tata Trusts and the Bill and Melinda Gates Foundation, according to officials.

Gold price today at Rs 56,050 per 10 g; silver at record Rs 76,510 a kg
Posted on 8th August 2020
Gold prices today jumped to Rs 56,050 from Rs 55,350 per 10 gram, while silver climbed to Rs 76,510 from Rs 73,500 per kg, according to Good Returns website.

Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

US election: China would love to have me lose to 'sleepy' Biden, says Trump
Posted on 8th August 2020
US President Donald Trump on Friday (local time) said that China would love to have an election if he lost to his sleepy Democrat presidential candidate Joe Biden.

China would love for us to have an election where Donald Trump lost to sleepy Joe Biden. They would dream (that) they would own our country. If Joe Biden was president, China would rule our country, he told reporters here.

Facebook builds 600 affordable homes to address housing crisis in US
Posted on 8th August 2020
Facebook has produced and preserved approximately 600 affordable homes near its headquarters in Menlo Park, California, of which roughly 70 per cent are reserved for extremely low and very low-income residents.

The company said it is on track to creating approximately 750 affordable homes by 2022.

Amazon, Flipkart set to witness business worth $600 mn during sale events
Posted on 8th August 2020
E-commerce companies Amazon and Flipkart are expecting to witness a total business of about $600 million during their ongoing sale events. This is at least 25 per cent higher in terms of sales compared to the business these firms would have generated for such small scale events during pre-Covid times, according to the industry insiders and analysts. They are also witnessing an increase in volumes (number of orders) which is 40 per cent higher than the normal times. Walmart-owned Flipkart is running the 5-day ‘Big Saving Days’ sale till Monday, coinciding with Amazon's 48-hour Prime Day sale which ended on Friday night.

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