Spot gold at record high of ₹66,795; here's why
Analysts expect the gold prices to further touch ₹67,450-$67,900.
Analysts expect the gold prices to further touch ₹67,450-$67,900.
It is perplexing that gold ETFs are losing sheen even when physical gold prices are skyrocketing.
Jefferies has downgraded IIFL Finance to ‘Hold’ from ‘Buy’, while cutting its target price to ₹435 from ₹765 estimated earlier.
The GJEPC has urged govt to cut import duty on gold, silver, and platinum bars to 4%; reduction in import duty on cut and polished diamonds to 2.5%.
Jewellery demand fell 6% to 562.3 tonnes from 600.6 tonnes a year ago, investment demand increased by 7% from 173.6 tonnes in 2022 to 185.2 tonnes in 2023
Whether it’s for festivities or as an investment option, Indians bank on gold to build financial security and as a hedge against inflation
Rise in income levels and economic uncertainties to aid consumption of yellow metal.
Collective holdings of global gold ETFs are down 7% to 3,236 tonne on back of $14 billion outflows from gold funds
Merchandise imports for October shot up 12.3% to $65.03 billion, as compared to $57.91 billion in October 2022.
The gold demand increased by 28% YoY to ₹188,400 crore in Q3 2023; in volume terms, the demand rose by 10% in the July-September period.