Global India » Gold prices http://www.globalindia.com Finance, Banking & Investing in India Wed, 23 Dec 2009 20:53:58 +0000 http://wordpress.org/?v=2.9 en hourly 1 Gold steadies as lower prices attract buyers http://www.globalindia.com/gold-steadies-as-lower-prices-attract-buyers.html http://www.globalindia.com/gold-steadies-as-lower-prices-attract-buyers.html#comments Wed, 23 Dec 2009 20:53:58 +0000 admin http://www.globalindia.com/?p=44 Gold prices steadied in Europe on Wednesday as the metal’s slide to a seven-week low in the previous session prompted buying of physical stocks of the precious metal.

A persistently firmer tone to the dollar, which hit its highest level since early September versus the euro on Tuesday, is limiting further gains, however.

Spot gold was bid at $1,085.20 (U.S.) an ounce at 9:23 a.m. GMT, against $1,083.55 late in New York on Tuesday.

]]> http://www.globalindia.com/gold-steadies-as-lower-prices-attract-buyers.html/feed 0 Gold will continue to glitter in Dec qtr despite high prices http://www.globalindia.com/gold-will-continue-to-glitter-in-dec-qtr-despite-high-prices.html http://www.globalindia.com/gold-will-continue-to-glitter-in-dec-qtr-despite-high-prices.html#comments Wed, 25 Nov 2009 23:57:45 +0000 admin http://www.globalindia.com/?p=30 Gold will continue to shine during the present quarter despite high prices, with its sales likely to grow by 25 per cent for October-December period on account of festive and wedding season demand, expects Gem and Jewellery Export Promotion Council (GJEPC).

Besides, the domestic market for jewellery is expected to reach a level of more than 30 billion dollars by March 2010 from 27 billion dollars year ago.

”We hope to reach 30 billion dollars by March 2010 from the present 27 billion dollars as far as the domestice market is concerned,” GJEPC Chairman Vasant Mehta told reporters here today.

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