LATEST
WEBSTORY
TRENDING

Meet actress who had no money for food, saw failed marriage, faced death due to illness, now charges Rs 1 crore a minute

Anil Ambani’s debt-ridden Reliance’s lenders seek Rs 96500000000 upfront cash payment for…

Gautam Adani backed JV to raise Rs 120090000000, establishes India’s largest…

10 surreal images captured by NASA’s Hubble Space Telescope

8 healthy carbs for weight loss

This Hindu king never lost to Mughals

BJP appoints new state presidents in Telangana, Jharkhand, Punjab, Andhra ahead of 2024 Lok Sabha polls

Meet 'mystery girl' whose pictures with Indian cricketer Yuzvendar Chahal is going viral

SCO must not hesitate to criticise countries supporting terrorism: PM Modi

PHOTOS
VIDEOS
ENTERTAINMENT

Remember Heyy Babyy's cute 'Angel' Juanna Sanghvi? 20 year-old looks unrecognisable now, fans say 'her comeback will...'

In pics: Arti Singh stuns in red lehenga as she ties the knot with beau Dipak Chauhan in dreamy wedding

Actors who died due to cosmetic surgeries

Meet Ujjwal Nikam, BJP's New Candidate Who Replaced Poonam Mahajan I Lok Sabha Elections 2024

Ujjwal Nikam In BJP: Lawyer Who Fought 26/11 Case, Replaced Poonam Mahajan | Lok Sabha Election 2024

LSG vs RR Highlights: Sanju Samson Shines, Rajasthan Royals Won By 7 Wickets I IPL 2024 Match 44

Meet actress who had no money for food, saw failed marriage, faced death due to illness, now charges Rs 1 crore a minute

Taapsee Pannu reveals how she kept her wedding with Mathias Boe secret: 'The chances of the news getting leaked...'

Aftab Shivdasani joins Welcome 3, reunites with Akshay Kumar after 14 years, fans say 'Awara Paagal Deewana 2 bana lo'

Home Business

Business

Gold touches Rs10k mark

Gold has never shone so brightly. On Thursday, the price of standard gold rose Rs230 in Kolkata to scale the psychological barrier of Rs10,000 for 10gm. In Delhi, it missed the mark by a whisker (Rs50) as its price rose Rs240.

Praveena Sharma

Updated : Sep 14, 2017, 03:27 PM IST

MUMBAI: Gold has never shone so brightly. On Thursday, the price of standard gold rose Rs230 in Kolkata to scale the psychological barrier of Rs10,000 for 10gm. In Delhi, it missed the mark by a whisker (Rs50) as its price rose Rs240.

Analysts said dwindling investor confidence in the dollar, rising crude prices, and uncertainty in Iran and Iraq is taking gold to new peaks. Bullion markets across India recorded gains between Rs215 and Rs240. In Mumbai, standard gold rose Rs215 to touch Rs9,890 for 10gm. The price of the metal has climbed over six per cent (Rs570) over the last week.

Analysts said the spiralling price in India is a reflection of the global trend that sees the yellow metal as a hedge against inflation.

Industry insiders say hoarding by jewellers and speculators in the local market, who expect to gain from the rising prices, is also pushing up demand. “Local markets have seen a slight surge in jewellery demand because of the wedding season,” said BSPL India.com CEO Vijay Bhambwani.

Find your daily dose of news & explainers in your WhatsApp. Stay updated, Stay informed- Follow DNA on WhatsApp.