Bullion Cues: Bulls in control

Gold ($2,702/ounce) advanced 0.4 per cent whereas silver ($30.3/ounce) was down 0.3 per cent last week. In the domestic market, gold futures (₹79,023/10 gm) was up 0.8 per cent and silver futures (₹91,602/kg) lost 1 per cent. MCX-Gold (₹79,023) Gold futures (February) extended the upside to mark an intraweek high of ₹79,270 before wrapping up the…

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Gold buy dips in December, but overall import jump widens trade deficit

India’s gold imports in December 2024 plummeted by half to $4.7 billion, compared month-on-month to November’s sharply lowered import figure of $9.8 billion (after last week’s data revision), amidst the government’s assurance of better coordination between departments to ensure “robust data”. Meanwhile, India’s overall goods exports in December 2024 contracted (year-on-year) for the second straight month,…

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