dubaigoldrates

Author: Team Editors admin

  • UAE Gold Rate Slides To 10-week low

    UAE Gold Rate Slides To 10-week low

    (DubaiGoldRate) Gold stabilized in Asian trade on Wednesday near its lowest level in more than two months after he led the rise of global stock markets to decline in the attractiveness of the yellow metal as a safe investment and weaken the appetite for funds investing in precious metals .

    In Dubai the city of gold, Gold prices in the UAE for Gram 24-carat DH 151 , gram 22 carat DH 144 , Gram- 21 carat DH 137 and settled gram 18 carat DH 116 .

    And settled the price of gold for immediate sale around 1283.50 dollars an ounce in early trading in Asia, after it was dropped on Tuesday to 1277.10 dollars , its lowest level since Feb. 11 .

    As futures settled U.S. gold around 1283.50 dollars an ounce .

    Officials said that the jewelry industry is expected to go down India’s imports of gold in April and May, half of levels in March with causing restrictions on the movement of cash during the general election in a negative impact on the purchasing power of consumers .

    The global stock markets rallied on Tuesday, supported by strong profits announced by U.S. companies and deals for mergers and acquisitions among European pharmaceutical companies in addition to upbeat data on consumer confidence in the euro zone .

  • Gold prices may reach $ 1,250 an ounce

    Gold prices may reach $ 1,250 an ounce

    General Manager of The Wilton Group in the Middle East Ali Hamoudi explained that investors in the U.S. markets are focusing on corporate data more than the economic data over the past three to four weeks to come, which led to the heights and lows in the indicators pace light during the past period and last week in particular.

    On the other hand pointed out that the demand for gold as a ” safe haven ” is dwindling in the current period , which caused Btargehh between $ 1,300 to 1280 dollars per ounce , and expected to reach levels of $ 1,250 an ounce, while ruled out significant fluctuations it now because investors are focusing on indicators States and the federal plan , which obviously they are moving to reduce the asset purchases .

  • Gold prices recover from its lowest level in two weeks and a half

    Gold prices recover from its lowest level in two weeks and a half

    Gold prices rebounded from the lowest level in two weeks and a half Tuesday , but the sentiment among investors is still fragile due to exit funds backed by gold .

    Tensions have been unsuccessful in Ukraine in strengthening the lure of gold as a safe haven highlights the weak sentiment in the market .

    By the time 0703 GMT , ascended spot price of gold 0.1% to 1291.40 dollars an ounce after falling earlier 0.3% . In the previous session, gold fell to 1281.40 dollars, the lowest since the third of April.

    Silver fell 0.1% to 19.37 dollars an ounce . Platinum rose 1.2 % to hit U.S. $ 1409.9 and palladium rose 0.6% to 781.38 dollars an ounce .

    In previous dealings , gold fell to its lowest level in nearly three weeks of his large -scale displacement of the largest fund of funds indicators reinforced metal in the world and the lack of further escalation of tension in Ukraine in connection with a so-called sell-off .

  • Gold .. lowest level In two and a half Weeks

    Gold .. lowest level In two and a half Weeks

    Gold fell to its lowest level in two and a half weeks in the volatile transactions and gaunt , Monday , died from severe displacement of the largest fund of funds indicators reinforced metal in the world and the rise of the dollar .

    And negatively affected by the metal heart sale to technical factors after it failed to hold above $ 1,300 an ounce ( an ounce ) , who scored earlier in the trading session .

    The decline in the spot price of gold to the lowest price in two and a half week at 1281.40 dollars then pared losses to 0.6 percent to hit 1286.30 dollars by the time 0641 GMT .

    Said Victor Thianberrya analyst ” meager market today and limited liquidity . ”

    The markets closed in Australia , Hong Kong and London on the occasion of the Easter holiday .

    Said Thianberrya “What spooked people is declining fund holdings indicators about ten tons last week . ”

    The Fund saw Gold Trust AG . Th . De largest fund indices enhanced gold in the world – which is a good indicator of investor confidence – the displacement of 9.3 tons last week .

    The dollar index today and the rise of the currency leads to raising the cost of dollar-denominated metal for holders of other currencies.

    Silver fell 1.4 percent to 19.31 dollars an ounce .

    Platinum rose 0.2 percent to record 1407.1 dollars, while palladium fell 0.4 percent to 790.5 dollars per ounce .

  • Gold falls by the exodus of money from the fund indices

    Gold falls by the exodus of money from the fund indices

    Gold fell to its lowest level in nearly three weeks on Monday, influenced by a large displacement of the largest fund of funds indicators reinforced metal in the world and the lack of further escalation of tension in Ukraine in connection with a so-called sell-off .

    And palladium lost more than two percent , extending a decline after the agreed major manufacturers of the metal in South Africa last week to increase the wages of miners in an effort to end the strike and widespread workers .

    Silver fell more than one percent decline also affected other precious metals .

    The decline in the spot price of gold up 0.4 percent to 1288.72 dollars an ounce at 1917 GMT, after falling earlier to $ 1281.40 to the lowest since the second of April.

    The contract fell U.S. gold futures for June delivery $ 5.40 an ounce to settle at 1288.50 dollars.

    The markets were closed in Australia , Hong Kong and London on Monday to mark the Feast of the Resurrection.

    Analysts said what spooked people is the decline in the holdings of index funds last week .

    The Fund saw Gold Trust AG . Th . De largest fund indices enhanced gold in the world – which is a good indicator of investor confidence – the displacement of 9.3 tons last week .

    Silver fell 1.2 percent to 19.36 dollars an ounce .

    Platinum was down 0.8 percent to hit U.S. $ 1393.30 while palladium fell 2.1 percent to 777.55 dollars an ounce

  • 22ct Gold Rate In Dubai Slumps to Dh144

    22ct Gold Rate In Dubai Slumps to Dh144

    Gold prices in Dubai slump three AED per gram over the past week has seen sales of gold relative stability backed down prices, and the enthusiasm of tourists on the purchase, while sales of bullion and gold coins drop rates mixed in demand, as a result of the fluctuation of prices during the recent period, expecting to record sales growth in the coming days on the occasion of subsidized «Easter holiday».

    In Dubai the city of gold, Gold prices in the UAE for Gram 24-carat DH 153 , gram 22 carat DH 144 , Gram- 21 carat DH 138 and settled gram 18 carat DH 117 .

    Said many gold traders that «Sales are currently experiencing what is described as a positive stability in demand for jewelry, caused by a decline in gold prices finally, what contributed to the limited improvement compared to last week».

    «Goldsmiths were Most popular during the past few days, backed catching on tourists and residents to purchase, compared to rates of demand for sales of bullion and gold coins».

    Sales have been limited to some goldsmiths light, so with the expectation of the majority of dealers declines new incentive to buy a similar price to the border, through Feb.

  • Gold prices steady

    Gold prices steady

    Gold prices steady

    Gold was heading for a 1.8 percent weekly fall on Friday, dented by hopes that diplomatic efforts can calm violence in Ukraine and by strengthening US economic data.

    Fears over slowing demand in top consumer China and sustained sales from gold-backed funds also contributed to its fall below $1,300 an ounce.

    In thin Easter holiday trade on Friday, spot gold was unchanged at $1,294.80 an ounce by 0920 GMT, while gold futures for June delivery closed down 0.8 percent at $1,293.90 an ounce on Thursday.

    There will be no London gold fixing – the twice-daily price-setting benchmark – on Friday and Monday because the UK is on holiday. The US market will be closed on Friday.

    “The price of gold dropped this week … as further evidence emerged of an improvement in the US economy,” Natixis analyst Bernard Dahdah said.

  • Gold price snaps 2-day uptrend; slips by Rs 20 to Rs 30,230 per 10 gm

    Gold price snaps 2-day uptrend; slips by Rs 20 to Rs 30,230 per 10 gm

    New Delhi: Snapping a two-day rising trend, gold prices fell by Rs 20 to Rs 30,230 per ten gram in the national capital Friday owing to slackened demand at prevailing higher levels amid weak global cues.

    Silver also declined by Rs 200 to Rs 43,000 per kg on lack of buying support from industrial units.

    Traders said besides sluggish demand at prevailing higher levels, weak global trend due to eroding of demand for the metal on signs of gains in the US economy, mainly influenced the sentiment.

    Gold in New York, which normally set price trend on the domestic front, fell by 0.7 percent to USD 1,293.90 per ounce and silver by 0.2 percent to 19.59 dollar an ounce.

    On the domestic front, gold of 99.9 and 99.5 percent purity declined by Rs 20 each to Rs 30,230 and Rs 30,030 per ten gram respectively. It had gained Rs 250 in last two trade. Sovereign remained flat at Rs 25,000 per piece of eight gram.

    Silver ready lost Rs 200 at Rs 43,000 per kg while weekly- based delivery rose by Rs 135 to Rs 42,375 per kg. Silver coins spurted by Rs 1,000 to Rs 82,000 for buying and Rs 83,000 for selling of 100 pieces.

  • Daily Report For Gold 18/04/2014

    Daily Report For Gold 18/04/2014

    Gold prices fell yesterday, with the increasing demand for the dollar after the U.S. data that exceeded the demands of unemployment and study in the Philadelphia Fed expectations.

    Data published by the Federal Reserve Bank of Philadelphia showed that the index of regional manufacturing activity rose to 16.6 from 9.0 last month and came on initial jobless claims figures from the U.S. Labor Department at 304000 , up from the previous week at 302000 , but below expectations for a 316,000 . Yet this news, breaking through a pair of gold / U.S. dollar , breaking below the level of 1296 and trading at lower arrived to 1293.08 .

    Previous analysis that the pair will feel the downward pressure in the near future unless there is increased beyond the level of 1312. This view is still standing , but traders should also monitor the level in 1293 and who was acting Kha temporary recently . If the price closes below 1293 , there will be a strong probability that the pattern countdown will resume and that the downward movement will challenge the upward movement in 1286 and 1277.

    In case withstood level in 1293 and prices began to rise , expect to see resistance at the region 1304/7 . Will be on the upside movement exceeded the resistance at 1312 in order to sail towards the 20/1318 . Is expected to be small gold trading today as many of the financial markets will be closed through Friday Holiday important .

  • Gold price dips below $1,300 on fund outflows

    Gold price dips below $1,300 on fund outflows

    Gold prices edged lower by Rs 74 to Rs 28,515 per ten grams in futures trade Thursday as market participants trimmed their positions in tandem with a weakening trend overseas.

    At the Multi Commodity Exchange (MCX), gold for delivery in June moved lower by Rs 74 or 0.26 percent to Rs 28,515 per ten grams.

    Gold in overseas markets, which normally set price trend on the domestic front, dipped below USD 1,300 per ounce today.

    Strong equities coupled with the sharpest outflow from the world’s biggest gold-backed fund in 4 months mainly dampened the safe-haven appeal of the yellow metal.

    SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings fell 8.39 tonnes to 798.43 tonnes on Wednesday- the biggest outflow since Dec. 23, reversing gains in the previous two sessions.

    Spot gold last quoted down USD 2.30 or 0.18 percent at USD 1,299.90 per ounce after making a low and high of USD 1,395.70 – USD 1,303.10 per ounce earlier in intra-day trade.

    Meanwhile, gold prices recovered by Rs 130 to Rs 30,130 per 10 grams at Delhi bullion market on scattered buying by stockists for the wedding season demand.

    However, silver fell further by Rs 300 to Rs 43,000 per kg on reduced offtake by industrial units and coin makers.