Gold prices end flat on weak demand, global cues


Gold costs fell possibly on Friday to close at Rs 31,520 for each 10 gm, snapping the five-day picking up streak, on low request in the household market and frail worldwide prompts. Silver costs stayed unaltered at Rs 46,800 for every kg. 

Sebi permitted FPIs to trade directly in bond market

Sovereign gold held consistent at Rs 24,500 for each 8 gm, while silver coins shut at Rs 77,000 for purchasing and Rs 78,000 at offering 100 pieces,Gold costs have increased around 1.5 percent since 17 September when the yellow metal shut at Rs 31,040 for every 10 gm. Silver costs have risen 4.05 percent from their 17 September shutting of Rs 44,975 for every kg. 

In the mean time, the legislature said that it will now issue gold bonds on 30 September rather than 23 September under the fifth tranche of the sovereign gold bond (SGB) plan, refering to procedural issues. 

"Extensive number of utilizations have been gotten by banks and post workplaces. To empower smooth transferring of utilizations into RBI's E-Kuber framework, especially by the post workplaces, it has since been chosen to move the issue date of the Sovereign Gold Bonds from 23rd September,2016 to 30th September, 2016," an account service explanation said on Friday.

The fifth tranche of the sovereign gold bond plan (SGB) that was dispatched early this month saw 2 lakh applications for purchasing 2.37 tons of gold. The sum gathered has been assessed at Rs 820 crore. Floated by the reaction, the administration said it wanted to turn out with numerous more tranches with "extra" components in the 6th tranche to be issued around Diwali.

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