Dealers in India were charging a premium of up to $1 an ounce over official domestic prices this week
With the escalating US-China trade war, rising euro-scepticism in Italy, and possibility of global economic recovery faltering, investors must have an exposure to gold
During the recent rout in base metals, following the trade war triggered by the US, ratio punters were proved wrong and silver price fell sharply compared to gold
Gold was being sold at a discount in Indian markets for the sixth straight week
Globally, gold fell 0.22 per cent to USD 1,296.10 an ounce an ounce in Singapore
High prices, weaker rupee and tighter credit may dampen demand; but this might come as a relief for policymakers, RBI
The metal slid 1 per cent last week on the back of a stronger dollar and a rise in Treasury yields to above 3 per cent
Men who wear gold will no longer be dismissed as lovers for bling
Silver coins too spurted by Rs 1,000 to Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces
Jewellers rue loss of cash flow at a time when credit is getting costly
It can be a hedge against currency depreciation since prices are forex-denominated
The US gold futures slipped 0.1 per cent to $1,327.70 an ounce
Bullion rose midweek as the Federal Reserve stuck with plans to raise rates only three times this year
Following gold, silver ready tumbled by Rs 450 to Rs 38,900 per kg and weekly-based delivery by Rs 820 to Rs 37,735 per kg
Amidst rout in global equities today, gold soared to over 14-month high of Rs 31,600 per ten gram - gaining Rs 330 at the bullion market here, largely in sync with the overseas trend. The gains were also supported by strong demand from local jewellers to meet the wedding season demand. Silver gained as well and reclaimed the Rs 40,000-per kg mark on the back of increased offtake by industrial units. Traders said a massive sell-off in stock markets globally led investors to seek shelter in safe haven investments, particularly precious metals. The BSE Sensex cracked below the 34,000-mark by plunging about 1,275 points or 3.6 per cent in opening trade due to across-the-board losses after investor sentiment was hit by a sell-off in world markets. The US Dow suffered its deepest fall in history, erasing all of its 2018 gains, while the S&P 500 took a beating to sit down for the year yesterday. Most of the Asian markets followed the suit. As safe haven investment, bullion
Investment demand fell by nearly a quarter, driven by reduced inflows into bullion-backed exchange traded funds, the gold mining industry-funded WGC said.
In the final update to its Gold Survey 2017, GFMS said other factors feeding into that could lift gold to an average $1,360 an ounce this year
Silver held steady at Rs 39,900 per kg on scattered deals from industrial units and coin makers
Globally, gold fell 0.34 per cent to $1,333.50 an ounce
If you are one of those investors who became frustrated by gold's poor run over the past several years and eliminated it from your portfolio, it is time to buy the yellow metal again