Gold’s performance as both a safe haven and wealth generator has garnered attention, with its 17% three-year returns outpacing Sensex’s 11.6% Gold has since ages been seen as a safe haven investment bet, especially in riskier times when other asset classes face uncertainty. But is gold just a safe haven investment or is it also…
NASHIK: The price of yellow metal breached a historic mark – Rs 91,000 per 10 gm – ahead of the wedding season. Traders in Nashik and Jalgaon in Maharashtra anticipate further price escalation in the coming days.Jalgaon continues to attract buyers from across Maharashtra, Gujarat, and MP due to its reputation for ensuring gold purity…
Most market experts believe that while India’s long-term outlook is strong. (AI image) Indian stock markets are bleeding! BSE Sensex and Nifty50 have dropped as much as 13-14% from their all time highs in September last year. Foreign Institutional Investors (FIIs) sold equities worth Rs 81,903 crore in January and in February the trend has…
MUMBAI: Fears of a global trade war fears which took gold to record levels in international markets combined with a weakening rupee on Monday pushed the price of the yellow metal to about Rs 84,500-per-10-gram level on Multi Commodities Exchange. In the city’s physical bullion market, the price hovered around the Rs 82,500 level. These…
Representative image Soaring gold prices have led many Indian families to opt for lightweight and lower-carat jewellery to stay within their budgets, industry officials said. “I wanted to gift my daughter 80 grams of gold, but I was forced to scale it down to 50 grams because of price increase in the past two years,”…
Representative image Gold prices surged to 39 new all-time highs in dollar terms in 2024 till October, the highest number of record highs in 45 years. In 1979, gold prices had scaled 57 new all-time highs, showed the World Gold Council (WGC) data. In India, gold prices rose to Rs 78,500 per 10 grams from…
HYDERABAD: All that glitters may not be gold this Dhanteras and Diwali season, thanks to a 25-30% rise in the price of the yellow metal since last Dhanteras. Gold is now hovering near its life-high in the domestic and international markets.After gold’s surge to its all-time high of $2,759 per ounce on Oct 23 in…
Representative image A Rs 14,000 per 10 gm increase in its price this Dussehra compared with a year earlier has brought down the consumption of gold in India by 10% in volume terms, two national jewellery associations said. Also, consumers preferred buying jewellery this year compared with last year when gold coins and bars were…
Anuj Gupta of HDFC securities attributed the record-high gold prices to persistent optimism over U.S. interest rate cuts. (AI image) Gold rate today: Gold October futures contracts at MCX reached a new all-time high of Rs 76,000 per 10 grams on Wednesday. Over the past week, gold prices have risen by Rs 2,900 per 10…
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…
