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3 03, 2024

Gold Rate in Saudi Arabia Today – 03 March 2024

By |2024-03-03T01:25:49+02:00March 3, 2024|Gold News|0 Comments


Gold Rate in Saudi Arabia Today – 03 March 2024

Gold Rate in Saudi Arabia Today – 03 March 2024

Today Gold rate in Saudi Arabia, (SAR) 10 gram of 24K gold is SAR 2,455.42. However, these rates are given in 1 tola, 1 gramme, and 10-gramme increments in Saudi Riyal.

Every day, the local gold and bullion markets in the SAR provide live rates.

Gold Rate in Saudi Arabia Today

The latest Gold Rate in SAR on, 03 March 2024. is mention below.

Gold 24K per Ounce SAR 7,637.32 $2,036.51
Gold 24K per 10 Grams SAR 2,455.42 $654.74
Gold 22K per 10 Grams SAR 2,250.80 $600.18
Gold 24K per Tola SAR 2,864.24 $763.76
Gold 22K per Tola SAR 2,625.55 $700.11



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3 03, 2024

Over 2 kg of gold seized at Kochi airport

By |2024-03-03T00:04:32+02:00March 3, 2024|Gold News|0 Comments


Customs officials seized over two kilograms of gold from three passengers at the Cochin International Airport on Saturday. Three persons, including a woman, were detained. In one case, a Pattambi native was intercepted on his arrival from Dubai.

Gold, in the form of three capsules, weighing 797 grams were recovered from his body. In another incident, four capsules containing 1,182 grams of gold were seized from a Malappuram resident on his arrival from Sharjah. Besides, a gold chain and bangle were also seized. A woman from Kasaragod was intercepted on her arrival from Abu Dhabi with 272 grams of gold.

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2 03, 2024

Gold Rate in Saudi Arabia Today – 03 March 2024

By |2024-03-02T22:43:30+02:00March 2, 2024|Gold News|0 Comments


Gold Rate in Saudi Arabia Today – 03 March 2024

Today Gold rate in Saudi Arabia, (SAR) 10 gram of 24K gold is SAR 2,455.42. However, these rates are given in 1 tola, 1 gramme, and 10-gramme increments in Saudi Riyal.

Every day, the local gold and bullion markets in the SAR provide live rates.

Gold Rate in Saudi Arabia Today

The latest Gold Rate in SAR on, 03 March 2024. is mention below.

Gold 24K per Ounce SAR 7,637.32 $2,036.51
Gold 24K per 10 Grams SAR 2,455.42 $654.74
Gold 22K per 10 Grams SAR 2,250.80 $600.18
Gold 24K per Tola SAR 2,864.24 $763.76
Gold 22K per Tola SAR 2,625.55 $700.11



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2 03, 2024

Gold medal games start at 1

By |2024-03-02T21:22:32+02:00March 2, 2024|Gold News|0 Comments


Three Cochrane basketball teams are in the gold medal games of the Rocky View Sports divisional championships, and two others played for bronze earlier today at Bow Valley High, the host school.

Gold medal games kick off at 1 p.m. when the Bow Valley Bobcats junior boys face the Bert Church Chargers. 

The Cochrane High Cobras junior girls hope to hand the W. H. Croxford Cavaliers their first season loss at 3 p.m.  

The Cobra seniors boys team will challenge the undefeated Cavaliers for gold at 5 p.m.

This morning, the Cobras junior boys played for bronze against the Cavaliers and the Bobcats junior girls played the Chargers.

Leading up to today’s medal games, the Cobras senior boys beat the Bobcats, then the George McDougall Mustangs to advance to the final. Yesterday, the Cobras junior girls punched their ticket to the final with a semifinal win against the Chargers and the Bobcats junior boys defeated the Cobras.

ASAA south central zone finals get underway next week to determine who advances to the provincials, being hosted by Strathmore High from Mar. 14 to 16.



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2 03, 2024

Gold Rate Rises In India: Check 24 Carat Price In Your City On March 2

By |2024-03-02T09:09:29+02:00March 2, 2024|Gold News|0 Comments


Gold Rate Today In India: Gold prices in India underwent fluctuations on March 2, 2024. Despite this, the fundamental price for 10 grams remained fairly steady, hovering around Rs 64,000. A detailed analysis shows that the average price for 10 grams of 24-carat gold stood at roughly Rs 64,090, whereas 22-carat gold averaged Rs 58,750.

At the same time, the silver market displayed a consistent upward trend, reaching Rs 75,000 per kilogram.

Gold rate today in India: Retail gold price on March 2

Gold Rate Today In Delhi

As of today, March 2, 2024, in Delhi, you would need approximately Rs 58,900 to purchase 10 grams of 22-carat gold and Rs 64,240 for the same amount of 24-carat gold.

Gold Rate Today In Mumbai 22 Carat & 24 Carat

Currently in Mumbai, the price of 10 grams of 22-carat gold stands at Rs 58,750, while the equivalent amount of 24-carat gold is valued at Rs 64,090.

Gold Rate Today In Ahmedabad

In Ahmedabad, the price for 10 grams of 22-carat gold is Rs 58,800, and for the same amount of 24-carat gold, it’s Rs 64,140.

Check gold rates today in different cities on March 2, 2024; (In Rs/10 grams)

City 22 Carat Gold Price 24-Carat Gold Price
Chennai 59,400 63,720
Kolkata 58,750 64,090
Gurugram 58,900 64,240
Lucknow 58,900 64,240
Bengaluru 58,750 64,090
Jaipur 58,900 64,240
Patna 58,800 64,140
Bhubaneshwar 58,750 64,090
Hyderabad 58,750 64,090

Multi Commodity Exchange

On March 1, 2024, the Multi Commodity Exchange (MCX) saw active trading in gold futures contracts expiring on April 5, 2024. These contracts were priced at Rs 63,600 per 10 grams. Additionally, silver futures contracts expiring on May 3, 2024, were quoted at Rs 72,272 on the MCX.

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Retail Cost of Gold

The retail price of gold in India, often referred to as the gold rate, is the final cost per unit weight that customers pay when purchasing gold. This price is influenced by several factors beyond the inherent value of the metal itself.

Gold is highly important in India because of its cultural significance, its value for investment, and its traditional role in weddings and festivals.

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    According to the All India Gem and Jewellery Domestic Council (GJC), they have recently stated that prevailing global economic uncertainties and geopolitical tensions are expected to propel gold prices to a historic high of Rs 70,000 per 10 grams in the upcoming year. This trajectory underscores gold’s status as a dependable investment and a valuable hedge against inflation.

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    2 03, 2024

    Gold rate today at nine-week high on US Fed rate cut buzz, ease in US dollar rate

    By |2024-03-02T06:24:35+02:00March 2, 2024|Gold News|0 Comments


    Gold rate today: On account of easing US inflation data igniting the US Fed rate cut buzz, gold prices witnessed strong upside movement in the week gone by. The yellow metal gained on second week in a row as the potential rate cut buzz in the upcoming US Fed meeting triggered profit-booking in the currency market, which led to ease in the US dollar rate. Gold futures contract on the Multi Commodity Exchange (MCX) ended at 63,600 per 10 gm level whereas the spot gold price finished at $2,082 per ounce level.

    Triggers for gold price appreciation

    Speaking on the reasons that fueled the gold price rally last week, Anuj Gupta, Head — Commodity & Currency at HDFC Securities said, “Gold attracted investors’ attention after better-than-expected US inflation print, which triggered profit-booking in the currency market as the outlook for the US dollar turned weak. The US dollar index came below the 104 level and ended at the 103.89 mark on Friday, logging an intraday loss of 0.26 percent. Ease in the US inflation data has provided fodder to the US Fed rate cut buzz as the market is expecting a potential rate cut in the upcoming US Fed meeting.”

    Also Read: Buy or sell: Sumeet Bagadia recommends three stocks to buy today — March 2

    On key factors that played an instrumental role in gold price appreciation, Sugandha Sachdeva, Founder of WealthWave Insights said, “Gold prices surged for the second consecutive week, reaching a nine-week high and marking gains of around 2 percent. This upward trajectory was primarily propelled by several key factors influencing market sentiment. One significant driver was the release of easing US inflation data, which ignited expectations of potential rate cuts by the US Fed in June. The PCE price index data, a closely monitored metric by the Fed, exhibited a cooling trend in January, registering its smallest annual increase in nearly three years. This development could provide a conducive environment for the US central bank to consider rate adjustments, contributing to the bullish sentiment surrounding gold.”

    Also Read: Day trading guide for stock market today: Nine stocks to buy or sell on Saturday

    However, Sugandha maintained that the US Federal Reserve officials have indicated a measured approach towards rate adjustments, emphasizing the need for further efforts to bring inflation down to the targeted 2 percent level. Despite this cautious stance, gold prices saw a notable uptick towards the end of the week, supported by a weakening dollar index and a decline in US treasury yields. Additionally, weaker-than-expected readings on US manufacturing and consumer sentiment in February prompted a rally in both gold and silver prices.

    Key factors to watch

    “Market participants are closely monitoring upcoming US employment reports for insights into the potential timing of rate cuts by the Fed. In terms of the price outlook, both gold and silver concluded the week on a strong note, suggesting further upward momentum,” Sugandha added.

    Gold price target

    On important levels to watch in the bullion market, Sugandha Sachdeva said, “The overall price set-up suggests that intermittent corrections may occur, but they are likely to attract buying interest. Gold has established strong support around the 61,800 per 10 gm mark and appears poised to advance towards the 64,200 per 10 gm mark in the near term. Similarly, silver has formed a solid base near the 70,500 per kg mark and is anticipated to trend higher towards the 73,300 to 74,000 per kg levels in the coming days.”

    Asked about the gold price outlook in the near term, Sugandha Sachdeva said, “Overall, the prevailing factors driving gold prices, including expectations of rate cuts, weakening dollar, and price patterns, indicate a favorable outlook for both gold and silver in the foreseeable future.”

    Disclaimer: The views and recommendations above are those of individual analysts, experts, and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.

    Here’s your comprehensive 3-minute summary of all the things Finance Minister Nirmala Sitharaman said in her Budget speech: Click to download!



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    2 03, 2024

    CPM Trade Signal – March 1, 2024

    By |2024-03-02T05:03:10+02:00March 2, 2024|Gold News|0 Comments


    CPM Gold Trade Recommendation

    Time Stamp 

    Prices as of 3:03 p.m. EST 1 March 2024 $2,092.90 (Basis the April 2024 Comex contract). 

    Recommendation: Sell

    Initial Target Price / Range: $2,075

    Initial Timeframe: 1 March 2024 to 15 March 2024

    Gold prices rallied today following a lower than expected ISM manufacturing figure for the United States coupled with a Personal Consumption Expenditure inflation index slightly below market expectations on Thursday. There has been a combination of factors that have been increasing gold price volatility over the past several weeks and prices have been slowy rising from their mid-February lows until today. This includes the mixed economic data for the United States along with political discord and friction in Europe and the United States, in addition to the ongoing, perhaps worsening conflicts between Israel and Hamas, and Russia and Ukraine. 

    Gold prices have sold off most every time they have tested resistance levels, and as prices test strong support levels, investors step back into the market initiating new longs once more. This has kept gold prices in a wide range mostly above $2,000. Gold prices are now testing $2,100, having firmly broken above $2,050 yesterday. The market appears to be looking for reasons to go long gold, and taking profits as technical resistance levels are tested. 

    It is unclear if prices will continue to climb in the near term, but they already have made strong gains, suggesting the potential for a short-term pullback on profit taking. A retrenchment in prices could push gold back toward $2,075, which could potentially present a buying opportunity should the upward momentum continue. There is still some seasonal strength in gold prices that could last through end-March. 

    CPM has one-month, three-month ranges and eight-quarter quarterly price projections with greater discussion of the factors behind CPM’s analyses provided in CPM’s monthly subscription service, the Precious Metals Advisory. 

    While short-term trade recommendations provide high risk – high reward opportunities for investors, it is difficult to capture the complex web of factors affecting precious metals prices and the nuanced CPM analyses of these factors that goes into our firm’s price projections. In addition to these short-term outlooks, CPM Group provides clients enhanced trade recommendations that include one and three month price projections, as part of our Retail Investor Program. Contact CPM at info@cpmgroup.com for details.

    Notes: 

    Initial Target Prices and Timeframes are just that: Initial. If CPM does not issue a new Recommendation during or after that time it indicates that CPM maintains the posture in the most recent Trade Recommendation. Position may be closed out once target price is reached, within the noted discretion or until CPM provides new trade recommendation. CPM may have reported to have closed out of prior trade recommendation at its discretion before publicly publishing new trade recommendation due to processing time. 

    Discretion should be allowed at +/- 0.20% of the price at the time each TR is issued from the target. 

    CPM’s preferred investment strategies use physical, futures, forwards, and options.

    CPM Group wants to thank the following companies for helping us make these short Trade Signals available free of charge, and for their commitment to providing good information in opaque and asymmetrical commodities markets. 

    Kitco
    Metallic Minerals
    Stillwater Critical Minerals
    Granite Creek Copper

    Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.



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    2 03, 2024

    Canada’s showing at W Gold Cup complicating life for coach when it comes to selection

    By |2024-03-02T03:42:05+02:00March 2, 2024|Gold News|0 Comments


    Priestman brought 23 players to the Gold Cup, with Sydney Collins and Nichelle Prince leaving early due to injury. Jayde Riviere, Janine Beckie and Desiree Scott are also spectators due to injury.

    “There’s at least four who aren’t here that will be in contention, coming into this tournament” the coach said. “And then the performances of some young players, I think have really stepped up. And then there’s been a level of consistency on the pitch, no matter who you put on the pitch. Every player has probably brought a little bit of their super-strength. So yes, definitely I walk away from this tournament with a lot to consider.”

    Canada still has the SheBelieves Cup in April with more friendlies expected ahead of the Olympics. 

    Teenage attacker Olivia Smith has put up her hand, scoring her first goal and making her first start for the senior side. The 18-year-old, who plays for Portugal’s Sporting CP, has two goals and two assists in the three group games.

    And while Cloe Lacasse arrived at the tournament as a known quantity with 28 caps (nine starts), the Arsenal striker has impressed with a goal and three assists in two starts, not to mention her versatility on the field.

    Defender Shelina Zadorsky, just three caps short of her century, offered a timely reminder of her skills with two headed goals off set pieces Wednesday. And 21-year-Jade Rose, one of the players who has kept Zadorsky out of the starting 11, continues to turn heads. At 21, with 15 caps to her credit, the Harvard co-captain continues to show her poise on the ball.

    USC midfielder Simi Awujo, just 20, looks like a veteran every time she steps on the field, despite having just 11 caps.

    Aston Villa striker Adriana Leon, meanwhile, is making her case to be one of the first names on Priestman’s team sheet, leading the tournament with five goals.

    Priestman’s immediate concern is Costa Rica at BMO Stadium.

    While Canada has won all 16 previous meetings with the Central Americans, with a combined 51-6 edge in goals, she is expecting a more difficult challenge when the teams run it back Saturday.

    “It is unique and I think it’s going to make it more of an interesting match,” said Priestman. “Because in many ways we learned something from each other and it’s who can dissect that game and apply (the learnings) going into the next game.”

    “For me personally as a coach, I think it’s really important that we stay with the game that we’re at, not getting too far ahead. But also knowing that Costa Rica, for sure, are going to bring a better version of themselves.”

    More difficult opponents await.

    The Canada-Costa Rica winner will face either the second-ranked U.S. or No. 23 Colombia, who meet in the No. 4 versus No. 5 game Sunday.

    The field was redrawn after the group stage with No. 1 taking on No 8, No. 2 versus No. 7 and so on.

    While Canada finished as the top seed after group play, Costa Rica (1-2-0) had to survive a drawing of lots after finishing tied with Puerto Rico on points, goal difference, goals scored and red/yellow cards.

    Canada earlier dispatched No. 104 El Salvador 6-0 and No. 50 Paraguay 4-0. Costa Rica lost 1-0 to Paraguay before defeating El Salvador 2-0.

    Canadian defender Kadeisha Buchanan, midfielder Jessie Fleming and Leon were named to the tournament’s team of the group phase by tournament organizers.

    After the quarterfinals in Los Angeles, the tournament shifts to San Diego for the semifinals and final at Snapdragon Stadium on March 6 and 10, respectively.

    Follow @NeilMDavidson on X platform, formerly known as Twitter 

    This report by The Canadian Press was first published March 1, 2024

    Neil Davidson, The Canadian Press



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    2 03, 2024

    Gold Rate in Kuwait Today – 02 March 2024

    By |2024-03-02T02:20:52+02:00March 2, 2024|Gold News|0 Comments


    Gold Rate in Kuwait Today – 02 March 2024

    Gold Rate in Kuwait Today – 02 March 2024

    The current gold rates in Kuwaiti Dinar (KWD) stand at KWD 235.07 for 1 tola. The live gold rates vary across different cities in Kuwait. Gold prices undergo daily fluctuations globally and in Kuwait.

    Stay updated on today’s gold price in Kuwait, including rates for 18 karat, 21 karat, 22 karat, and 24 karat gold. These rates are presented in 1 gramme format in the Kuwaiti Dinar currency (KWD). The live rates are sourced from local gold markets and bullion markets in Kuwait, providing daily updates on gold prices.

    Today Gold Price in Kuwait

    Gold 24K per Ounce KWD 626.81 $2,036.51
    Gold 24K per 10 Grams KWD 201.52 $654.74
    Gold 22K per 10 Grams KWD 184.73 $600.18
    Gold 24K per Tola KWD 235.07 $763.76
    Gold 22K per Tola KWD 215.48 $700.11

     



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    2 03, 2024

    Gold Rate in Saudi Arabia Today – 02 March 2024

    By |2024-03-02T00:59:43+02:00March 2, 2024|Gold News|0 Comments


    Gold Rate in Saudi Arabia Today – 02 March 2024

    Gold Rate in Saudi Arabia Today – 02 March 2024

    Today Gold rate in Saudi Arabia, (SAR) 10 gram of 24K gold is SAR 2,455.59. However, these rates are given in 1 tola, 1 gramme, and 10-gramme increments in Saudi Riyal.

    Every day, the local gold and bullion markets in the SAR provide live rates.

    Gold Rate in Saudi Arabia Today

    The latest Gold Rate in SAR on, 02 March 2024. is mention below.

    Gold 24K per Ounce SAR 7,637.87 $2,036.51
    Gold 24K per 10 Grams SAR 2,455.59 $654.74
    Gold 22K per 10 Grams SAR 2,250.96 $600.18
    Gold 24K per Tola SAR 2,864.45 $763.76
    Gold 22K per Tola SAR 2,625.75 $700.11

     



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