Indian gold rates surge from ₹89 in 1947 to ₹1,54,500 per 10g
Retail gold in India has risen from ₹89 per 10 grams at independence in 1947 to ₹1,54,500 per 10 grams, reflecting decades of economic shifts.
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Original summaries of the reporting that moves the gold price, with every source linked.
Gold gains on softer dollar as steady inflation eases rate worries
Gold prices advanced towards a weekly gain on Friday, supported by a weakening US dollar and steady inflation data that cooled expectations of further Fed rate hikes.
Gold advances towards $4,400 as cooling US data curbs rate hike bets
Gold prices climbed towards $4,400 an ounce after weaker US economic data, including a drop in retail sales and softer inflation, diminished expectations of further Federal Reserve rate hikes.
Gold recovers towards $4,370 as weak US economic data cools rate hike bets
Gold rallied towards $4,372 an ounce on Friday, recovering from an intraday low of $4,311 after disappointing US retail sales figures weighed on the dollar and Treasury yields.
Gold holds above $4,300 as cooling US inflation tempers Fed rate hike bets
Gold prices held above $4,300 per ounce after cooling US producer price data reduced the likelihood of a near-term Federal Reserve interest rate rise.
Gold dips towards $4,365 as dollar recovers after US inflation data
Gold prices dropped 1% to trade near $4,365 per ounce on Thursday as the US dollar recovered ground, despite signs of slowing factory inflation and higher jobless claims.
Gold trades near $4,400 as Middle East risks offset US CPI data
Gold traded close to $4,400 per troy ounce as persistent Middle East friction balanced out softer US inflation data that tempered Federal Reserve interest rate expectations.
Gold climbs past $4,400 as cooling US inflation eases Fed pressure
Gold prices surpassed $4,400 per ounce after US consumer inflation softened in July, encouraging expectations that the Federal Reserve will leave interest rates unchanged at its upcoming policy meeting.
Gold holds below $4,400 as oil surge revives Fed rate hike bets
Gold stabilised below $4,400 during Asian trading on Wednesday as rising energy prices and renewed US rate hike expectations offset recent safe-haven gains ahead of key inflation data.