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Gold hits nine-month low as investors rush to dollar as haven

Bullion slid to its lowest intraday level in more than nine months after posting a fourth weekly loss Friday. Investors concerned about the prospect of a global economic downturn have turned in droves to the dollar, which is already up more than 2% this month.
Gold’s fortunes have ridden a roller-coaster ride this year as Russia’s invasion of Ukraine spurred a rally in the haven well above $2,000 an ounce in March, only for the momentum to fade as the growth and inflation outlook shifted.(Bloomberg)
Gold’s fortunes have ridden a roller-coaster ride this year as Russia’s invasion of Ukraine spurred a rally in the haven well above $2,000 an ounce in March, only for the momentum to fade as the growth and inflation outlook shifted.(Bloomberg)
Published on Jul 12, 2022 12:25 PM IST
Bloomberg |

India's gold imports zoomed 677% in May, highest year-on-year surge: Report

Gold imports in June are expected to fall further below 60 tonnes as a demand, that surged in May, has started to falter due to the recent rebound in prices.
Gold bars (Bloomberg file)
Gold bars (Bloomberg file)
Published on Jun 06, 2022 11:04 PM IST

Man arrested at Jaipur airport with 2.3-kg gold hidden in clothes-press

While scanning the checked-in baggage of the passenger, the image of a dark object was noticed.
Representational image.
Representational image.
Published on May 29, 2022 11:08 PM IST
PTI |

Two contractual staff at Delhi airport among 3 held for gold smuggling

The Delhi customs on Thursday said two APHO employees were caught helping an Indian passenger from Saudi Arabia smuggle the gold into the country.
The gold bars were allegedly handed over to the employees in a washroom near the airport’s gate number 18. (Sourced)
The gold bars were allegedly handed over to the employees in a washroom near the airport’s gate number 18. (Sourced)
Updated on May 28, 2022 04:00 AM IST
By, New Delhi

Gold worth 75 lakh found hidden under passenger seat on AI flight from Dubai

The gold bars were concealed under the cushion of the seat, allegedly to be collected by airline staff. A passenger has been detained and the ground staff are under examination.
Gold bars found concealed under passenger seat on Air India flight from Dubai.(ANI)
Gold bars found concealed under passenger seat on Air India flight from Dubai.(ANI)
Published on Nov 16, 2021 07:50 PM IST
By | Written by Sharmita Kar | Edited by Avik Roy, New Delhi
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