This forecast comes as silver has already demonstrated remarkable growth in 2024, achieving gains of over 40% and surpassing the Rs 100,000 mark domestically
Gold has returned 23%, compared to 15% for the Nifty
The price of 22-carat gold also witnessed a rise of Rs 10, with ten grams of the yellow metal selling at Rs 72,960
Gold Rate Today: Gold is well supported on the US deficit concerns as the US deficit is likely to increase irrespective of the US presidential election results
Price of ten grams of 24-carat gold in Mumbai is Rs 79,460 which aligns with prices in Kolkata, Bangalore, Chennai, and Hyderabad
As emerging markets continue to face volatility and economic uncertainty, could gold's consistent outperformance signal a long-term trend?
Price of ten grams of 24-carat gold in Mumbai is Rs 80,080 which aligns with prices in Kolkata, Bangalore, Chennai, and Hyderabad
Gold prices jumped by Rs 500 to an all-time high of Rs 81,500 per 10 grams while silver surged Rs 1,000 to Rs 1.02 lakh per kg
Industry experts predict a 10-12 per cent decline in sales volume compared to last year's Dhanteras
Gold rate today: As gold prices are expected to be highly volatile, especially due to Brics headlines, buying the dips is the preferred strategy
The Reserve Bank's recent notification asking financiers to review their gold loan practices can slow down loan growth in the near-term and lead to an uptick in asset quality stress, a domestic rating agency said on Tuesday. "Potentially, this could impact gold loan disbursements during the transition phase and curb growth in the business," the note by Crisil said. It can be noted that a few weeks ago, RBI had flagged certain irregular practices in loan against gold jewellery and asked lenders to comprehensively review their policies, processes and practices to identify gaps and initiate remedial measures in a time-bound manner. The notification had flagged deficiencies in the monitoring of the loan-to-value (LTV) ratio, asset classification norms for overdue loan accounts, and inadequate due-diligence in monitoring the end-use of gold loans. Reported loan delinquencies may see some uptick as entities revisit their current non-performing asset (NPA) recognition norms and/or policie
The All India Gem and Jewellery Domestic Council (GJC) announced Tuesday it is working to implement 'One Nation One Gold Rate', aiming to standardize domestic gold prices that currently vary across different regions of the country. "We import gold at the same rate, but the domestic retail prices differ from one city to another. We want a single rate to prevail across the country," GJC Secretary Mitesh Dhorda said at the launch of 'Lucky Lakshmi', a revamped annual gold festival running from October 22 to December 9. The council, which has already conducted over 50 meetings with its members, has managed to bring up to 8,000 jewellers on board for this initiative. While a representation has been made to the government, the GJC is currently focused on convincing the industry stakeholders. "We are already providing a recommended rate through WhatsApp broadcast groups to our members. Our target is to reach at least 4-5 lakh jewellers step by step," Dhorda said, adding that implementatio
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Bangalore, Chennai, and Hyderabad at Rs 79,650.
Samvat 2081 outlook: Analysts believe the interplay of easing monetary policies globally, ongoing geopolitical conflicts, and the upcoming US presidential elections is poised to influence gold prices
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Bangalore, Chennai and Hyderabad at Rs 78,990
Presently, gold is not affected by the traditional drivers. Traders are focusing rather on uncertainties over the US Presidential election outcome and possibility of resurgence of inflation in
The price of 22-carat gold also witnessed a rise of Rs 10, with ten grams of the yellow metal selling at Rs 71,610
LIC MF Gold ETF gave the maximum returns on a 1-year, 3-year and 5-year basis at 29.97 per cent, 17.47 per cent and 13.87 per cent respectively, as per an analysis by Icra Analytics
The price of 22-carat gold also witnessed a rise of Rs 10, with ten grams of the yellow metal selling at Rs 71,410