Gold heading towards Rs 45,000 level amid volatility in global markets

Volatility in the global markets has once again brought gold back in focus, with the price of the yellow metal rising sharply worldwide. In India, it is approaching the Rs 45,000-level.

This is a boon for investors holding gold exchange-traded funds and sovereign gold bonds (SGBs). At present, it is perhaps the only instrument to be providing returns based on the money invested.

While the spot gold markets are closed across the country, the Indian Bullion Jewellers Association’s price, which still acts as the indicative price, saw a sharp jump on Wednesday, with a near-3 per cent jump to close at