As Indian gold prices jumped 25% in 2019, hitting a record high, consumption fell 9% from the previous year to 690.4 tonnes, the lowest since 2016, the WGC said
European markets rebounded early after the previous day's thumping, while the U.S. dollar rose to a near two-month high
If the economy enters a period of stagflation, its returns will outpace other assets
With the US-Iran crisis not lacking vigour, gold prices are correcting
Government support may help the industry to mark growth in 2020, compared to decline in 2019
Brokers said they have reduced leverages to most of their clients to twice the intra-day trading limit now as compared to five times earlier
US crude soared 4.42% to $65.47 a barrel
Crude oil and silver follow suit, metals recover on LME following China's favourable trade policy
Adjusting for a large institutional order in the year-ago quarter, retail growth has been much higher than expectations at 15%
Silver also witnessed increased buying as it surged Rs 1,105 to Rs 49,430 per kg from Rs 48,325 per kg in the previous trade
Globally, gold prices rose 1.67% to $ 1,578.40 per ounce in New York
Feb gold goes past 40K on MCX, but spot market remains subdued as consumers shy away from making purchases at high levels
Similarly, silver prices also jumped Rs 960 to Rs 48,870 per kg from Rs 47,910 per kg in the previous trade
Silver prices also gained by Rs 21 to Rs 47,781 per kg, compared to Rs 47,760 per kg in the previous trade
While standard gold price closed at Rs 39,083/10 g, silver ended the day at Rs 46,665/kg
Being a price-sensitive market, inflation in gold prices affect consumer sentiments and results in postponement of purchases by customers
The metal has risen by as much as 24% in 2019, while silver is up 22%
Data from the World Gold Council shows that 14 central banks, including the RBI, have reportedly added more than one tonne to their reserve.
During the reporting week, gold reserves increased by USD 164 million to USD 27.132 billion
Gold-silver ratio indicates more upsurge possible for the white metal