New Delhi: Gold prices could potentially reach USD 3,500 per ounce in the next 18 months if non-commercial purchases increase by 10 per cent, according to a report by BofA Global Research. The report suggested that even a small rise in investment demand could have a significant impact on gold prices this year. If investment…
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…
Kolkata: Gold prices rose by 1% on Tuesday following a weakening of the dollar after US President Donald Trump’s policy announcements, prompting Indian consumers to pause purchases of the yellow metal. The gold industry is concerned that the upward price momentum may continue this week if the dollar weakens further, denting sales. Gold was trading…
Representative image. The recent surge in gold prices has led to a shift in consumer behaviour towards lab-grown diamond (LGD) studded jewellery, which is more pocket-friendly, said LGD manufacturers and retailers. In addition to this, the value-seeking consumer is also attracted to LGD studded jewellery as it offers a proposition of more gold proportion in…
