Lingering global uncertainty may boost prices again

The aggressive gold buying by the Reserve Bank of India also contributed to the rise in demand

In fact, central banks accounted for 23 per cent of the overall gold demand at 1,238 tonnes in the March quarter

Traders wait for a break

SGBs offer a hedge against gold price fluctuations, with investors receiving the ongoing market price at redemption

Gold has proven to be a safe haven with increasing returns over the years

Tata Digital’s Bigbasket has partnered with Tanishq and MMTC-PAMP to offer gold and silver coins and bars

The high price for gold has also given a boost to diamond jewellers as customers look for alternatives

The report noted that the ratio of short-term debt to reserves has decreased, and foreign exchange reserves covering imports have increased to 11 months

Remain on the long side of trade

The high prices may detract price-sensitive customers away, but he pins his hopes on the digital-savvy new generation to invest more in the gold

Analysts anticipate continued volatility in gold prices, fluctuating between ₹71,000 and ₹75,000 in the near term

Data from PMS Bazaar indicates that from FY22-24, MCX Gold returned 14.05%, outperforming the Nifty’s 13.1%

Supply shortage forecast to increase by 17% even as industrial demand is projected to rise 9%

Central bank embarks on gold buying spree, adds 25 tonnes to forex reserves

Traders can buy if the price drops

MOFSL recommends “buy on dips” approach on gold when prices were hovering at ₹69,000 and $2,250 in the international market

The surge in investments can be attributed to the prospects of higher returns, tax benefits, and the bonds’ exemption from capital gains tax.

Customs officials detain Shiv Kumar Prasad for allegedly receiving 500-gram gold chain from passenger Dharmendra Dubey at IGI airport

The crew member, identified as Surabhi Khatun from Kolkata, was intercepted at Kannur International Airport and found with 960 grams of smuggled gold

Most countries keep their gold in the vaults of the Bank of England or some such location and pay a fee for the privileges

The yellow metal outlook looks strong: Sachin Jain, Regional CEO of WGC

Since late last year, all the major central banks are moving their gold reserves back home given the volatile global developments, including the unrest in West Asia and conflict between Iran and Iraq

But traders can go long on dips

Investors are particularly focused on upcoming job data and key economic indicators to assess the health of the U.S. economy and its potential impact on future Fed decisions

Silver price falls as participants reduce bets, with global price at $31.35 per ounce

Gold price rises in futures trade due to fresh positions on firm spot demand, reaching ₹73,135 per 10 gram

Spot gold was up 0.2% at $2,396.69 per ounce, as of 0146 GMT. U.S. gold futures fell 0.5% to $2,313.60

The yellow metal set to lose its glitter on China pausing gold buys, US strong labour market

Gold demand has also been boosted due to lower confidence in other investment options, such as real estate and equities, analysts say

Silver prices mainly rise due to fresh positions built up by participants on a positive domestic trend, say analysts

Bitcoin lags behind bonds, stocks and gold, signaling a possible slowdown in the crypto market

`Concessional customs duty under the India-UAE CEPA must be revised’

Apex banks’ confidence in the dollar low; high prices for the yellow metal may affect demand in India

Both investment options aim to provide returns that closely correspond to the performance of physical silver in domestic prices

The state has seen an increase in mineral revenue, with plans to explore new deposits through agencies like the Geological Survey of India. 

Aspect Global Ventures’ Aksha Mohit Kamboj appointed the national vice-president

The recent increase in import duty from 7.5 to 15 per cent has significantly impacted production costs

Traders may look to buy

The company’s digital platform can help users transact in the yellow metal

UIS dollar rose on safety bids after an attempted assassination of former US President Donald Trump, which raised his odds of winning

The report attributes this projection to the weakening US labour market, disinflation, and the Federal Reserve’s dovish pivot at the upcoming July FOMC meeting

Industry moots policy to bring transparency that can boost customer confidence

Traders can retain longs

Precious metals offer liquidity and act as hedges against economic instability, while real estate provides tangible assets with income-generating potentia

Telecom equipment faces hike in basic customs duty to 15 per cent

Import levy cut to 6% from 11%, AIDC pruned to 1%; move may curb smuggling

A drop in gold price can lead to increased jewellery demand, improving their revenue and profits Market experts believe the price of yellow metal could drop between ₹300 and ₹500 per gram going ahead

The precious metal’s brilliance lies not just in its physical form, but also in its adaptability to diverse investment strategies

No plan to stop the issuance of Sovereign Green Bonds, says a Senior official