Representative image Budget Expectations 2025: Last year, reduction in import duty singlehandedly improved the market’s strength and demand for precious metals and fine jewellery. With prices becoming more affordable, demand for jewellery rose in the current fiscal year. Encouraging and empowering the industry further with initiatives such as SGB (sovereign gold bond), gold ETF, GMS…
Representative image Physical demand for gold across key markets has tumbled as prices continue to rise, with some retail consumers opting to sell their holdings and book the profit, industry players and analysts said. Spot gold rose to a record $2,685.42 per ounce on Sept. 26, and has gained around 29% so far this year…
Gold ETFs back in demand! Investors are showing renewed interest in gold Exchange Traded Funds (ETFs) due to the absence of new Sovereign Gold Bond (SGB) offerings from the government and recent tax rate reductions on funds backed by the precious metal.In the past four months, gold ETFs, which are traded on stock exchanges, have…
