{"id":313966,"date":"2013-06-25T00:05:05","date_gmt":"2013-06-24T20:05:05","guid":{"rendered":"http:\/\/www.dubaigoldprices.com\/?p=313966"},"modified":"2013-06-25T00:05:05","modified_gmt":"2013-06-24T20:05:05","slug":"gold-prices-in-india-fall-to-3-week-low","status":"publish","type":"post","link":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/2013\/06\/25\/gold-prices-in-india-fall-to-3-week-low\/","title":{"rendered":"Gold prices in India fall to 3-week low"},"content":{"rendered":"<p><a href=\"http:\/\/www.dubaigoldprices.com\/wp-content\/uploads\/2013\/06\/gold-bullion-488x240.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-313997\" alt=\"Gold prices in India fall to 3-week low\" src=\"http:\/\/www.dubaigoldprices.com\/wp-content\/uploads\/2013\/06\/gold-bullion-488x240.gif\" width=\"488\" height=\"240\" \/><\/a><\/p>\n<p><a href=\"http:\/\/www.dubaigoldprices.com\/gold-price-in-india-today\/\"><strong>Gold futures in India<\/strong><\/a>, the world&#8217;s biggest buyer of the metal, extended losses to their lowest level in three weeks, though physical sales remained lacklustre as seasonally dull demand weighed.<\/p>\n<p>At 4 p.m., the most-active gold for August delivery on the Multi Commodity Exchange (MCX) was 1 per cent lower at Rs. 26,759 rupees per 10 grams, after hitting a low of Rs. 26,650, a level last seen on May 30.<\/p>\n<p>Global gold fell over 1 per cent, extending last week&#8217;s 7 per cent decline, hurt by a stronger dollar amid worries over an early end to the U.S. Federal Reserve&#8217;s stimulus programme.<\/p>\n<p>A weaker rupee kept the downside in prices limited. The rupee plays an important role in determining the landed cost of the dollar-quoted yellow metal.<\/p>\n<p>&#8220;There are no supplies in the market, we are facing difficulty&#8230; our sales have declined by 75 per cent,&#8221; said Harshad Ajmera, proprietor of JJ Gold House, a wholesaler in the eastern city of Kolkata.<\/p>\n<p>India imposed a ban on consignment imports in May, but has ruled out a blanket ban on gold imports or any increase in customs duty from the current 8 per cent.<\/p>\n<p>On Friday, Reliance abruptly halted gold sales and investments in its gold-backed funds.<\/p>\n<p>Gold imports into India fell from an average of $135 million per day in the first half of May to $36 million in the second half, Finance Minister P. Chidambaram said.<\/p>\n<p>Silver for July delivery on the MCX was 1.65 per cent lower at Rs. 40,914 per kilogram.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold futures in India, the world&#8217;s biggest buyer of the metal, extended losses to their lowest level in three weeks, though physical sales remained lacklustre as seasonally dull demand weighed. At 4 p.m., the most-active gold for August delivery on the Multi Commodity Exchange (MCX) was 1 per cent lower at Rs. 26,759 rupees per [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":313997,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[393],"class_list":["post-313966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold-in-dubai","tag-gold-futures-in-india"],"_links":{"self":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts\/313966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/comments?post=313966"}],"version-history":[{"count":0,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts\/313966\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/media\/313997"}],"wp:attachment":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/media?parent=313966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/categories?post=313966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/tags?post=313966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}