Tag Archives: Gold

Global Cues Lift Gold Prices To 7-Week Highs

Sustained buying by local jewellers kept gold prices elevated, traders said. New Delhi: Rising for the third straight day, gold prices jumped by Rs. 100 to trade at a seven-week high of Rs. 30,750 per 10 grams at the bullion market on Saturday amid a firm trend overseas and local buying push. Silver too gained Rs. 100 to Rs. 39,900 per kg, backed by increased offtake by industrial units ... Read More »

Deutsche Bank to pay $60 million to settle U.S. gold price-fixing case

Deutsche Bank AG has agreed to pay $60 million to settle private U.S. antitrust litigation by traders and other investors who accused the German bank of conspiring to manipulate gold prices at their expense. The preliminary settlement was filed on Friday with the U.S. District Court in Manhattan, and requires a judge’s approval. Deutsche Bank denied wrongdoing. The bank in ... Read More »

First Direct wins gold for customer satisfaction

First Direct has been voted the best bank for customer service in a new poll – but HSBC, its parent company, was ranked the worst. More than 8,000 users of Martin Lewis’s MoneySavingExpert website took part in the survey, which is carried out twice a year. It focuses on what people think about the service offered by their current account ... Read More »

Gold price futures drops on weak global trends

Gold futures fell by 0.21 per cent to Rs 30,493 per 10 grams on Wednesday as participants cut their bets amid a weak global trend. Besides, profit-booking by speculators weighed on gold prices. At Multi Commodity Exchange, gold for delivery in August shed Rs 65 or 0.21 per cent to Rs 30,493 per 10 grams in a business turnover of ... Read More »

Chinese bank buys secret London vault which can store $80bn of gold

A secret London vault, which can store more than $80bn (£57bn) in gold bullion, is being sold by Barclays to China’s ICBC Standard bank for an undisclosed sum. The facility is located inside the M25 and has the capacity to store 2,000 tonnes of gold. And while further details about the vault are scarce, it is said to be one ... Read More »

Gold, silver extend gains on global cues, jewellers buying

CHENNAI: India’s foreign exchange reserves increased marginally to $361.60 billion as on April 22, 2016, the Reserve Bank of India (RBI) said. According to RBI’s forex data the reserves stood at $361.60 billion as on April 22 against $360.25 billion for the week ended April 15, 2016. As on April 22, foreign currency assets stood at $337.53 billion, gold $20.11 ... Read More »

Gold, silver prices rise on global cues, seasonal buying

Gold prices rose by Rs 180 to Rs 29,430 per ten grams at the bullion market on Saturday, tracking a firm global trend and pick up in buying by jewellers and retailers, amid wedding season demand. Silver also edged up by Rs 50 to Rs 38,700 per kg on higher demand from industrial units and coin makers. Traders said that ... Read More »