Those with long horizon should use sovereign gold bonds; short- to medium-term horizon may consider gold ETFs
Retail gold imports in July nearly halve to 38 tonnes. August imports dip to 3-year year low of 30 tonnes, down as much as 73% YoY
Traders attributed the gain in gold to increase in the domestic spot market demand
Gold hit a six-year high this month on prospects for easier monetary policy from the Federal Reserve and other central banks to support growth
Spot gold rose to its highest since June 14, 2018 at $1,306.43.
Spot gold was up 0.6% at $1,406.83 per ounce as of 0959 GMT, heading for a fifth straight session of gains
Declined global trends have resulted in the price fall; sovereign gold however remained steady
Price hike due to safe-haven buying; trend likely to continue
Globally, gold rose 0.82 per cent to $1,225.10 an ounce in Singapore
Besides, a depreciating rupee, that made imports costlier also added to the uptrend in the gold prices
Silver also eased by Rs 100 to Rs 41,300 per kg due to reduced offtake by industrial units and coin makers
Dowries impose a considerable tax on girls' families, with estimates indicating that in South Asia it is six times the average annual household income
Globally, gold rose 1.75 per cent to $1,205.30 an ounce and silver gained 2.14 per cent to $14.77 an ounce in New York
Spot gold was up 0.2 per cent at $1,215.71 an ounce at 0410 GMT, building on its 0.5 per cent gain on Friday
The dollar index was steady at 94.674 after gaining 0.4% overnight to snap a four-session losing run
Spot gold was down 0.3 per cent at $1,263.96 an ounce at 1244 GMT but off a low of $1,261.36, its weakest level since December 20
Globally, gold rose 0.11 per cent to USD 1,300.20 an ounce in Singapore
Gold is expected to be volatile this week amid the U.S-North Korea summit and central bank meetings
Gold prices are likely to hold in the range of Rs 30,000-34,000 per ten grams until Diwali in the domestic market
The metal was heading for its biggest weekly decline since early-December