Gold ruled 2020. Will it reign 2021 too?
Gold exchange traded funds added a record 877 tonnes during 2020, nearly 231 tonnes more than the 2009 record of 646 tonnes. Experts argue much of gold's growth drivers will continue in 2021 too.
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Why jewellers still prefer cash deals
Many believe cash deals up to ₹2 lakh without KYC leaves a loophole for jewellers and bullion dealers to exploit.
Is gold no longer the safe haven?
At a time when India’s benchmark equity indices are hitting fresh highs every week, statistics show that gold is losing its safe haven sheen.
India’s foreign exchange reserves at lifetime high
The big question is how much more foreign exchange will the Reserve Bank of India buy, and why?
Gold loses lustre as Covid-19 takes a toll
A World Gold Council report says global demand for gold has taken a beating, falling by as much as 19% in the third quarter of this year.
All that glitters is gold
But once lockdowns are lifted in phases and economies continue to show signs of sustained recovery, expect gold to lose its shine and some of its perfection.
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.
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.
