Gold price today: The price of 22-carat gold is about Rs 45,600 in New Delhi per 10 gram while in Chennai, the price is at Rs 44,310
The gold price today for 24-carat gold in New Delhi is Rs 47,810 per 10 gram
60% of Indian women already own gold jewellery, the most popular item among 'fashion and lifestyle' shoppers after designer clothes and silk sarees.
Spot gold dipped 0.3 per cent to $1,705.94 per ounce by 0502 GMT, after hitting its lowest level since May 13
The gold jewellery prices vary across India - the second largest consumer of the metal - due to excise duty, state taxes and making charges
Stress ratio, a barometer for economy, also indicates tension ahead
Appreciation of rupee versus dollar also helped gold price fall. But outlook remains bullish as metal continues to have safe haven appeal
If 3% GST is considered, price is just Rs 1,715 away from Rs 50,000 per 10 gram; Silver hits Rs 45,035 a kg, up Rs 2,050 from yesterday
Italy and the United States were among a slew of countries tentatively easing coronavirus lockdowns on Monday to revive economies
The first tranche of sovereign gold bonds will complete five years in November
Investment demand, though lower by 17%, was relatively better as sentiments towards equities turned negative and investors turned to gold's liquidity and safe haven status
Variables such as nominal gross domestic product (GDP), central bank balance sheets, or official gold reserves will remain the key determinants of gold prices.
Ajoy Chawla, CEO of the jewellery division at Titan, tells Samreen Ahmad that the company is gearing up to train nearly 25,000 people in Titan's ecosystem in two weeks to restart post-lockdown work.
Titan which sells Tanishq brand gold and diamond jewellery, operates over 350 retail stores across the counter. Apart from that, the company also sells huge quantity of its products online.
These companies are prepared to lend more to customers as the price of gold mortgaged by them has gone up sharply, making them eligible for larger loans
US retail sales plunged 8.7% last month, the biggest decline since the government started tracking the series in 1992, while manufacturing output fell by the most in 74 years
Holdings in the SPDR Gold Trust, the world's largest gold-backed ETF, rose to 1,009.70 tonnes on Monday, the highest since June 2013
Spot gold slipped 0.4 per cent to $1,681.49 per ounce by 0239 GMT US gold futures fell 1.4 per cent to $1,728.40.
Gold is trading near all time high and some pullback is expected. Instead of chasing prices at a higher level, we recommend to buy on dips near 44,300.
Demand slowdown seen next year as well; no immediate uptick seen post lifting of lockdown