60% of Indian women already own gold jewellery, the most popular item among 'fashion and lifestyle' shoppers after designer clothes and silk sarees.
Retailes in Delhi NCR fix non-hallmarked buying price at Rs 36,000 per 10 grams
According to reports, official gold reserves in India totaled 653 tonnes at the end of March 2020, while those in Saudi totaled 323 tonnes.
If 3% GST is considered, price is just Rs 1,715 away from Rs 50,000 per 10 gram; Silver hits Rs 45,035 a kg, up Rs 2,050 from yesterday
Gold is trading in 'buy on dips' environment
To use it as collateral, along with forex reserves, to print currency
Zero making charges may not work any more; store sales to be impacted as consumers buy online
Silver on the hourly chart is trading in a symmetrical triangle pattern with a breakout above 43,300 and breakdown below 42,200
Investment demand, though lower by 17%, was relatively better as sentiments towards equities turned negative and investors turned to gold's liquidity and safe haven status
Record high local prices, coupled with short-term pressure on household finances, could encourage people to sell gold
Jewellers in Mumbai's largest gold market, Zaveri Bazar, will offer online jewellery sale on Akshaya Tritiya
The Rupee is finding resistance around 77.06 and upside momentum will continue above that level
As many as 1,005 rural and 1,280 urban investors were surveyed
Move spurred by unprecedented decline in demand; WGC is also working with large institutions for a bullion exchange in India, and with assaying centres to build consumers' trust
In a Q&A, the MD & CEO of Kotak AMC explains why SIPs make a good bet in the current scenario and why leveraging can prove disastrous
Likelihood of customers coming to sell their own gold holdings when stores open adds to their worries
The rally is under threat only when gold breaks 44,500
Both nosedived in mid-March amid panic selling and forced margin calls; each then recovered by about 20% as central banks and governments kicked in more stimulus
Until there is clarity about the type and extent of economic recovery, cryptos will also do well
The sharp rise, according to the WGC, was triggered by a flight to safety amid the coronavirus (Covid-19) pandemic that hit world economy hard, and plunged most global equity markets into a bear phase