So far, the rally in gold prices, driven by conflict in West Asia, is not sustaining because the US appears to have deterred Iran from escalating the conflict through its proxies
Overall sales have seen an increase over last year, but that was in value terms and not in quantity, because of prices being 20 per cent higher than last Diwali
On the energy front, Samvat 2078 was a bull year as the war between Russia and Ukraine altered trade routes and supply equations resulted in a 12.5 per cent jump in the price of Brent crude last year
Gold loan market expected to shift to organised sector: WGC report
What is good for copper, because of the EV segment, is bad for crude oil
In Ahmedabad, on Friday night, gold to be bought for Rs 2,000 notes opened at Rs 75,000 though prices slipped to Rs 67,000 levels on lower demand
Some jewellers said last year's demand was "exceptional", following a near washout in the pandemic-affected years of 2020 and 2021
A small price correction is seen where demand is expected to return
Analysts hope the recovery in the metal's prices will continue, but the movement of the dollar-rupee rate could limit the gains for Indian investors
Domestic prices are up 8 per cent in the last fortnight; international gold price trades around $1,970 after breaching $2,000 on Monday
The surge was led by demand revival from industry, fabricators and investors
Under this gold will be imported at a duty lower than applicable to refineries
Strengthening of the dollar the past few quarters has pushed investors to sell risky assets and shift to the greenback and oil
Industry captains expect a 15-20% increase in demand over last year's high base
Volumes tumble over 80% in Jan-Sept; several entities receive 'drawdown notices' from investors
In a Q&A, the council's Global Chief Market-Strategist said the price of gold will face headwinds in the near future
In Mumbai, the yellow metal is going at a discount of $7-10 per ounce while in Ahmedabad it is $7
The ED has found major amount was diverted to WazirX and the crypto assets so purchased have been sent to unknown foreign wallets
Blockchain technology is needed and can be used in governance, they say
The first of a four-part series highlights the impact of rising food prices on farmers' income