On the festive occasion of Dhanteras, gold and silver prices in India saw a modest decline, offering some relief to buyers across the country. The price of 24-karat gold in India today stands at Rs 13,086 per gram, translating to Rs 1,30,860 for 10 grams, as per data from Goodreturns. Silver prices followed a similar…
Gold’s remarkable rally shows no signs of slowing as the festive season approaches, with many analysts expected the prices to hit Rs 1.3 lakh per 10 grams this festive season. Rising global economic uncertainty, steady central bank purchases and expectations of interest rate cuts are driving the demand. If the trend continues, gold could climb…
Mumbai: Retail investors are piling into Sovereign Gold Bonds (SGBs)-a popular government-issued debt instrument denominated in gold-in the secondary market, driving up prices far above gold’s record levels. Last week, individuals paid premiums of up to 32% over the metal’s spot price amid the sharp run-up in prices, triggering the buying frenzy. In the event…
How gold and Nifty 500 TRI fared in times of crisis Source link
Gold touched a new lifetime high on Wednesday, October 8, crossing the $4,000 per ounce mark in global trade for the first time. The rally came on the back of rising uncertainty in world markets and growing bets that the US Federal Reserve could begin cutting interest rates before the end of the year. In…
China sought to ease licensing rules for gold imports and exports, as the world’s largest consumer of the precious metal continues to diversify its reserves away from US dollars. The country plans to expand the use of “multi-use permits,” a faster approval system, by increasing the number of ports that can accept them, according to…