The average gold price in the September 2019 quarter, so far, is now up 11.5% from the June quarter
Experts cite higher import duty as reason for rise in smuggling
After consolidating for a few days, gold and silver prices spiked yesterday on fears that inverse short- and long-term bond yields in the United States will lead to recession
Money collected through deposit schemes is diverted to pay mark-to-market margin of lenders
Central banks added 374.1 tonnes in the first six months, helping push total bullion demand to a three-year high, according to the World Gold Council
The metal was trading at a discount of Rs 1,500 per 10 grams, or $65-70 an ounce, to the cost of imports, the highest since 2016, post demonetisation
On Friday, US President Donald Trump announced a 5 per cent additional duty on $550 billion in targeted Chinese goods
Mid- and small-caps have seen a deep correction
Both are rising steadily, but the yellow metal is the preferred choice due to less volatility
Traders attributed the gain in gold to increase in the domestic spot market demand
India's consumption of gold has been affected by the government's efforts to curb its trade deficit and measures to discourage investors who used the metal to evade taxes
Safe-haven buying of the metal has seen prices hitting a seven-year high in the international market and a life-time high in India
In India, a sharp fall in the equity market amid a slowing economy, subdued corporate earnings and an overall risk-averse sentiment have seen investors flock to the yellow metal
The exchange is envisaged as connecting all stakeholders - jewellers, bullion dealers, gold refineries and consumers
Globally, gold and silver were trading a shade higher at $1,517.30 and $16.96 an ounce
But whatever you do, be prepared to hold on to your positions and keep your nerve
The rising price of the precious metal has helped the central bank increase overall forex reserves despite currency reserves not rising
Price might fall sharply if the US Fed does not reduce rate and policy remains unchanged for too long
Industry experts feel that the rise in disbursal of gold loans is due to the NBFC liquidity crisis
This article explores opportunities in industrial use of gold to potentially add more high-skilled jobs, increase contribution to international trade and increase value addition to economy as a whole