In New Delhi, the gold price of 22-carat is at Rs 48,350 per 10 gm, while in Chennai it jumped to Rs 46,880
Accommodative policies of the most central banks world over also meant money continued to flow to this asset class.
In New Delhi, the gold price of 22-carat is at Rs 47,950 per 10 gm, while in Chennai it jumped to Rs 46,530
In New Delhi, the gold price of 22-carat climbed to 47,950 per 10 gm, while in Chennai it jumped to Rs 46,110
In New Delhi, the gold price of 22-carat climbed to 48,170 per 10 gm, while in Chennai it jumped to Rs 46,590
The WGC expects that with gold-loan NBFCs expanding their branch networks and making greater use of technology, the organised gold-loan market could reach Rs 4.62 trillion ($62.8 billion) in 2021-22
In the international market, Gold edged lower on Thursday, hovering close to a one-week low hit in the last session
Currently, there are 11 Gold ETFs with assets under management (AUM) of Rs 13,800 crore offered by fund houses
Policies that support the yellow metal will remain in place in the foreseeable future
Gold's slide came despite a subdued dollar, which hit its lowest level in two and a half years.
Gold slipped and was on track for its worst month in four years, as optimism over a Covid-19 vaccine-led economic rebound that propelled equities to record highs dulled the metal's safe-haven appeal
Spot gold rose 0.3% to $1,811.31 per ounce by 0324 GMT. U.S. gold futures were up 0.2% to $1,808.70
Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes
Spot gold rose 0.3 per cent to $1,812.66 an ounce at 10:15 a.m. EST, having hit its lowest since July 17 at $1,800.01 on Tuesday
Spot gold eased 0.2% to $1,803.51 per ounce by 0327 GMT. On Tuesday, it had hit its lowest level since July 17 at $1,800.01
Gold prices have posted two straight weekly declines and holdings in exchange-traded funds backed by the metal have slipped as hopes for a virus vaccine buoyed markets
European equities rose on a possible easing of COVID-19 curbs and progress on vaccines from the likes of AstraZeneca, Pfizer and Moderna
The price of 24-carat gold in Chennai was up by Rs 10 to Rs 51,990 per 10 gm
"We see downside risks building for gold's price," analysts from Morgan Stanley said in a note, citing higher yields next year in addition to Covid-19 vaccines
In New Delhi, the gold price of 22-carat rose by Rs 10 to Rs 49,360 per 10 gm, while in Chennai it decreased by Rs 370 to Rs 47,470