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TMI BlogGold climbs Rs 700 to Rs 79,700 per 10 gm; silver jumps Rs 1,300X X X X Extracts X X X X X X X X Extracts X X X X ..... Gold climbs Rs 700 to Rs 79,700 per 10 gm; silver jumps Rs 1,300 - PTI News Dated:- 7-1-2025 PTI - News - Gold climbs Rs 700 to Rs 79,700 per 10 gm; silver jumps Rs 1,300 - - - Dated:- 7-1-2025 - New Delhi, Jan 7 (PTI) Gold prices climbed Rs 700 to Rs 79,700 per 10 grams in the national capital on Tuesday due to fresh buying by jewellers and retailers and depreciation in rupee, according to the Al ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l India Sarafa Association. On Monday, the precious metal ended at Rs 79,000 per 10 grams. Silver rose sharply by Rs 1,300 to hit a three-week high of Rs 92,000 per kg on Tuesday. The white metal had closed at Rs 90,700 per kg in the previous session. The price of gold of 99.5 per cent purity rallied Rs 700 to Rs 79,300 per 10 grams from the previous close of Rs 78,600 per 10 grams on Monday. Trad ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ers said gold prices increased due to strong trends in the overseas markets and rise in domestic demand that aided in bullion prices. On Tuesday, the rupee fell 5 paise to settle at 85.73 (provisional) against the US dollar, as higher crude oil prices and outflow of foreign funds continued to weigh on the local unit. In futures trade on the MCX, gold contracts for February delivery appreciated Rs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 122, or 0.16 per cent, to Rs 77,280 per 10 grams. Silver contracts for March delivery also rallied Rs 551, or 0.61 per cent, to Rs 91,105 per kg in the futures trade on the Multi Commodity Exchange (MCX). Comex gold futures rose 0.28 per cent to USD 2,654.90 per ounce in the international markets. "Gold is hovering around the USD 2,635-level amid mixed cues. Uncertainty around upcoming US Presiden ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t Trump's policy attracts some haven flows and provides support for precious metals," Saumil Gandhi, Senior Analyst, Commodities at HDFC Securities, said. Comex silver futures in the Asian trading hours traded 0.73 per cent higher at USD 30.81 per ounce. "Market participants are closely watching the US ISM Services PMI and JOLTS job openings data to be release later on Tuesday, alongside non-farm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... employment change and unemployment claims reports," Abans Holdings' Chief Executive Officer Chintan Mehta said. Investors will also focus on upcoming Federal Open Market Committee (FOMC) member speeches scheduled for later this week, which will gauge the Federal Reserve's next policy move, Mehta added. According to Renisha Chainani, Head of Research at Augmont, this week is critical for gold trade ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rs, as they will closely monitor key economic data. "Traders are expected to be focused on how the NFP data compares to last week's inflation numbers. If the US jobs report meets or falls short of forecasts, it may confirm the Federal Reserve's view that a pause in the interest rate-cutting cycle is on the way. "The price of gold is heavily reliant on a dovish monetary policy. If the Fed cuts rate ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s less aggressively, this might negatively impact gold prices and the economy," Chainani said. PTI HG TRB TRB - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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