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Tata Group’s fine jewellery brand Mia by Tanishq has opened its first international store in Dubai, adding to its footprint of 120+ stores across India.
Spot gold was up 0.1% at $1,842.58 per ounce prices were down 0.5% for the week and 2.8% for the month. US gold futures rose 0.2% to $1,844.20.
Spot gold rose 1.1% to $1,919.11 per ounce, its highest since Nov. 9 at $1,925.05, while US gold futures climbed 1.6% to $1,925.
Spot gold was down 0.3% to $1,907.66 per ounce but was up 0.5% so far this week. US gold futures shed 0.3% to $1,908.80.
India’s foreign exchange reserves rose by $4.483 billion during the week ending Jan.1. According to the Reserve Bank of India’s weekly statistical supplement, the reserves increased to $585.324 billion from $580.841 billion reported for the week ended December 25.
Spot gold fell as much as 1.7% to $1,816.53 per ounce while US gold futures declined at $1, 835.60.
Spot gold rose 0.3% at $1,849.91 and US gold futures were flat at $1,850.20.
Spot gold rose 0.1% to $1,857.76 per ounce by 0537 GMT, while US gold futures gained 0.8% to $1,859.20.
The year 2021 is likely to add to the shine of the gold as consumer demand which has largely been subdued amid the pandemic may rise on the back of economic recovery of the emerging markets, said a report by the World Gold Council (WGC).
Spot gold fell 0.1% to $1,842.51 per ounce while US gold futures slipped 0.8% to $1,839.80.