Page 20 - Gold

Gold bond sales gain momentum in India's second wave of Covid-19 infections

Lockdowns to contain the disease have eased, but still many customers are putting their money on such instruments.

Gold imports jump multi-fold to $7.9 bn in April-June quarter

Gold imports, which have a bearing on country's current account deficit, jumped multi-fold to $7.9 bn during the April-June 2021 quarter due to low base effect in the wake of Covid, data shows

Gold ETFs attract Rs 1,328 cr in Jun qtr; inflow to continue: Experts

Gold exchange-traded funds (ETFs) attracted Rs 1,328 crore from investors in the quarter ended June 2021 and experts believe that inflows will continue in the coming months of the fiscal. In comparison, inflow in the category was much higher at Rs 2,040 crore in the same quarter last year, according to data available with Association of Mutual Funds in India (Amfi). Quantum Mutual Fund Sr Fund Manager, Alternative Investment, Chirag Mehta said that inflows in gold ETFs were significant in the June quarter last year on account of significant economic uncertainty due to the COVID-19 pandemic. This year given the optimism surrounding economic recovery, inflows have slowed a bit. "The higher net inflows in gold ETFs last year could be attributed to the onset of the pandemic which created massive uncertainties about asset prices and inflation, driving many investors to turn to gold ETFs," Arshad Fahoum, Chief Product Officer at Market Pulse, said. Making similar views, Divam Sharma, ...

Trading strategies for copper and natural gas by Tradebulls Securities

There are no reversal patterns on chart and support comes around 268 for natural gas

'Distress sale': Indians offload gold heirlooms as Covid deepens pain

With fewer banks around, people in rural areas rely on gold in times of need as it can be easily liquidated

Gold hallmarking: Most districts from TN, Gujarat included in Phase-1

Tamil Nadu, Gujarat and Maharashtra are the top-3 states where the most number of districts have been identified for the first-phase implementation

Gold plunges by Rs 169 to Rs 46,796 per 10 grams; silver tanks Rs 300

Gold in the national capital on Monday dipped Rs 169 to Rs 46,796 per 10 gram with a fall in global precious metal prices, according to HDFC Securities.

Gold subdued on firmer dollar even as investors await US inflation data

Spot gold was down 0.3% at $1,802.90 per ounce by 0906 GMT. U.S. gold futures slipped 0.5% to $1,801.90 per ounce

Trading strategies for copper and aluminum by Tradebulls Securities

The trend for aluminum has shifted from 'neutral' to 'positive'

Gold en route to biggest monthly drop since 2016 ahead of US jobs data

Spot gold eased 0.3% to $1,755.70 per ounce by 0846 GMT

After their love affair with gold, Indians train their sights on crypto

The growth in India is coming from the 18-35 year old cohort, says the co-founder of India's first cryptocurrency exchange

Gold prices decline marginally to Rs 46,309; silver gains Rs 332

In the international market, both gold and silver were trading marginally higher

Trading strategies for gold and aluminum by Tradebulls Securities

In gold, fresh selling can commence below 46,800 levels while buying can commence above 47,300.

Gold edges higher on subdued dollar ahead of Jerome Powell's testimony

Gold inched higher on Tuesday as a halt in the dollar's rally bolstered the appeal of the precious metal ahead of US Federal Reserve Chairman Jerome Powell's testimony to Congress

Gold set to snap six-day losing streak as US bond yields slide

Gold set to snap six-day losing streak as US bond yields slide

1991 recap: Van with gold on the way to BoE broke down at Tardeo, Mumbai

The most important point, which the RBI should explain to the country - but doesn't - is that government gold and RBI gold are very different when it comes to using it for getting foreign exchange

Hallmarking of gold jewellery now mandatory: What this means for you

Gold stages slight rebound on bargain hunting after Fed's hawkish tone

Spot gold was up 0.6% at $1,822.36 per ounce, as of 0235 GMT

Brent may test $78 levels: Bhavik Patel of Tradebulls Securities

With most additional supply being gobbled up very quickly, gas prices will likely stay at elevated levels for the foreseeable future

Gold prices at 1-1/2-week low on dollar strength as Fed meeting looms

Spot gold was down 0.6% at $1,864.58 per ounce, as of 0311 GMT, its lowest since June 4