Page 39 - Gold

Domestically held gold reserve rise by 40% in 5 years, shows RBI data

As of the end of March 2024, the Reserve Bank of India held a total of 822 metric tonnes of gold, with 408 metric tonnes held within the country

Gold price slips Rs 10 to Rs 73,350, silver down Rs 100 at Rs 86,900

The price of 22-carat gold also went down by Rs 10, with the yellow metal selling at Rs 67,240

Gold ETFs see first outflow post March 2023 at Rs 396 cr on profit booking

Gold Exchange Traded Fund (ETF) witness a net outflow of Rs 396 crore last month, making it the first withdrawal after March 2023, owing to profit booking. Despite the decline, the asset under management (AUM) of gold funds rose 5 per cent to Rs 32,789 crore at April-end from Rs 31,224 crore in the preceding month, according to the data with the Association of Mutual Funds in India (Amfi). As per the data, Gold ETFs saw a net withdrawal of Rs 396 crore in April as compared to an inflow of Rs 373 crore in the preceding month. The last time this asset class witnessed net outflow was in March 2023, withdrawing Rs 266 crore. "In INR terms, gold has done fairly well over the last year but dwarfs in comparison to how equities have fared. Given this backdrop, flows in the Gold ETF category have been somewhat patchy relative to the equity asset class. That said, investors could have opted to book some profits in this segment which has resulted in the asset class witnessing net outflows ...

Gold price climbs Rs 10 to Rs 73,700, silver rises Rs 100 to Rs 87,800

The price of 22-carat gold inched up Rs 10, with the yellow metal selling at Rs 67,560

Akshaya Tritiya: Jewellery brands roll out discounts & instant delivery

You can also get gold and silver delivered to your doorstep within just 10 minutes through quick commerce platforms

Akshaya Tritiya 2024: Should you buy gold today? What experts suggest

Akshaya Tritiya 2024: Factors such as the current gold price, manufacturing charges, and the inclusion of diamonds or other gemstones influence the final cost of gold jewellery

Gold prices on Akshaya Tritiya, May 10: Check key levels before investing

Spot gold was up nearly 1 per cent Thursday on rate cut bets as the weekly US job data disappointed

Akshaya Tritiya: Silver will outshine gold in near term, buy on dips

Investors looking for precious metals might want to consider silver over gold, according to Motilal Oswal Financial Services Limited (MOFSL).

Buying gold this Akshaya Tritiya? Don’t forget getting this from jeweller

Planning to buy gold this season? Before you visit your local goldsmith today on Akshay Tritiya, make sure you know two key points to prevent getting cheated on. Watch the video to find out.

Gold price slips Rs 10 to Rs 72,150, silver rises Rs 100 to Rs 85,300

The price of 22-carat gold also went down by Rs 10, with the yellow metal selling at Rs 66,140

All that glitters: Traditional jewellery gets a touch of modern design

Ornaments retain their impression of antiquity without being flashy or cumbersome to wear

Leading refiner, that brings in up to 20% gold, starts trading on India INX

BSE's arm India International Exchange (India INX) on Wednesday said India's leading gold refiner, which brings in up to 20 per cent of the country's gold, has started trading gold futures on its platform. This suggests that India INX, set up at GIFT City (Gujarat International Finance Tec-City), is becoming the main place for Indian jewellers and gold importers to hedge against the risk in gold prices. "Today, one of India's top gold refineries, which brings in 15 per cent to 20 per cent of the country's gold, has started trading gold futures to hedge against gold price volatility," India INX said in a statement. However, the bourse did not disclose the name of the refiner. In December 2022, the Reserve Bank of India (RBI) allowed Indian companies (except individuals) to manage their gold price risk on recognised exchanges within the International Financial Services Centre (IFSC). The move provided more options for Indian companies to hedge against volatility in gold prices throug

Akshaya Tritiya 2024 Shubh Muhurat: City-wise auspicious time to buy gold

Akshaya Tritiya 2024 Shubh Muhurat: This day is considered a very auspicious occasion to buy gold. Here is a complete city-wise list of auspicious time to buy gold

Gold slips on strong Dollar, may range-trade in near term: Check details

Spot gold slipped from its day's high of $2,329.98 and was seen hovering around $2,314 (MCX Gold June LTP Rs 71,146) when the local exchanges closed

Gold price climbs Rs 10 to Rs 72,390, silver rises Rs 100 to Rs 85,100

The price of 22-carat gold also inched up by Rs 10, with the yellow metal selling at Rs 66,360

Gold price climbs Rs 10 to Rs 72,060, silver rises Rs 100 to Rs 84,100

The price of 22-carat gold also inched up by Rs 10, with the yellow metal selling at Rs 66,060

Gold price dips Rs 10 to Rs 71,720, silver falls Rs 100 to Rs 83,400

The price of 22-carat gold fell Rs 10, with the yellow metal selling at Rs 65,740

Gold price climbs Rs 10 to Rs 72,280, silver rises Rs 100 to Rs 83,500

The price of 22-carat gold also inched up by Rs 10, with the yellow metal selling at Rs 66,260

Diversifying portfolio

Silver investors must take note of its industrial use

Why is gold up 20% in the last one year, and what should investors do?

Gold is suitable as a store of value. It performs well when the market is uncertain or fearful