Gold demand could drop by 30%: ICC
Industry body Indian Chamber of Commerce (ICC) seeks further relief from the government over the Covid-19 impact on the gem and jewellery sector.
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Global gold ETF inflows surge in March quarter
According to the World Gold Council, global gold-backed ETFs added 298 tonnes during January-March 2020, the highest quarterly addition since 2016.
Markets accord red welcome to FY21
Day 1 of the new fiscal saw benchmark indices in the red all through the day; they closed 4% lower.
Markets continue to be virus-hit
Equity markets are back to tracking Covid-19 numbers amid fears of global recession. The Sensex and the Nifty 50 closed over 1,375 points and 379 points lower compared to Friday’s close.
Gold prices touch seven-year high
While the yellow metal’s safe haven appeal has been on the rise, prices could retreat once fears around Coronavirus start fading.
‘Price volatility, taxes may deter Indian consumers’
Financial and geopolitical uncertainty along with low interest rates worldwide, however, will boost demand for gold, says WGC report.
The world’s ‘hardest’ asset is ironically virtual
Throughout history, savvy investors have relied on hard assets to manage risk and protect long-term value in the face of instability and economic downturns.
Kalyan Jewellers: Striking gold
Kerala’s Kalyanaraman family has built a ₹10,500-crore jewellery empire and is looking at touching ₹25,000 crore by 2025.
Markets give a thumbs down to Budget
BSE Sensex slips over 450 points on lack of consumption push.
Central banks’ return to gold standard
Global uncertainties propelled central banks to buy 145.5 tonnes of gold during January-March; the RBI alone accumulated 12.13 tonnes.
