Market Update

Market Watch

Monday, 9 May 2016

Special MCX Offers for Akshaya Tritiya 2016


Gold prices ticked up by Rs 25 to Rs 30,125 per 10 grams in the bullion market today on scattered buying by jewellers driven by the ongoing wedding season amid firm global cues.
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         silver eased Rs 60 to Rs 41,040 per kg on lack of buying support from industrial units and coin makers.
          Globally, gold rose 0.16 percent to USD 1,279.70 an ounce in London.
In the national capital, gold of 99.9 percent and 99.5 percent purity inched up by Rs 25 each to Rs 30,125 and Rs 29,975 per 10 grams, respectively.      

       Spot gold eased by 0.3 percent to $1,285.16 an ounce by 0008 GMT.
       Oil prices jumped on Monday as a huge wildfire in Canada's oil sand region knocked out over a million barrels in daily production capacity, contributing to a significant tightening of markets over the past weeks.
           Akshaya Tritiya, considered an auspicious day to buy gold, is likely to be lacklustre this time as jewellers are expecting negative marginal growth compared to last year, on the back of rising gold prices, which is ruling at over Rs 30,000 per 10 grams.

             Akshaya Tritiya Gold Rates, Past Year Prices



Prices on occasion of Akshaya Tritiya
Akshaya Tritiya date
Price (Rs/10 gm)
Apr 21, 2015
26,960
May 2, 2014
28,815
May 15, 2013
26,825
April 24,2012
28,852
May 6, 2011
21,701
May 16, 2010
18,167
April 27, 2009
14,624


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