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.
The price of 22-carat gold also went down by Rs 10, with the yellow metal selling at Rs 66,140
Ornaments retain their impression of antiquity without being flashy or cumbersome to wear
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: This day is considered a very auspicious occasion to buy gold. Here is a complete city-wise list of auspicious time to buy gold
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
The price of 22-carat gold also inched up by Rs 10, with the yellow metal selling at Rs 66,360
The price of 22-carat gold also inched up by Rs 10, with the yellow metal selling at Rs 66,060
The price of 22-carat gold fell Rs 10, with the yellow metal selling at Rs 65,740
The price of 22-carat gold also inched up by Rs 10, with the yellow metal selling at Rs 66,260
Silver investors must take note of its industrial use
Gold is suitable as a store of value. It performs well when the market is uncertain or fearful
The price of 22-carat gold also declined by Rs 10, with the yellow metal selling at Rs 66,540
The RBI net demand totaled 290 tonnes in the March 2024 quarter, up 1 per cent as compared to 286.2 tonnes in the March 2023, strongest start to any year on record, World Gold Council (WGC) said.
India's gold demand rose 8 per cent annually to 136.6 tonne in the March quarter helped by a strong economic environment despite prices touching historic highs, according to the World Gold Council. The aggressive gold buying by the Reserve Bank of India (RBI) also contributed to the rise in demand. India's gold demand in value terms rose 20 per cent on an annual basis to Rs 75,470 crore during the January-March period of this year on volume growth as well as a rise in quarterly average prices by 11 per cent. On Tuesday, the World Gold Council (WGC) released its global report 'Gold Demand Trends Q1 2024', showing that India's total gold demand, including both jewellery and investment, increased to 136.6 tonne in January-March this year from 126.3 tonne in the year-ago period. Out of the total gold demand, the jewellery demand in India increased 4 per cent to 95.5 tonne from 91.9 tonne. The total investment demand (in the form of bar, coin among others) grew 19 per cent to 41.1 tonne
The price of 22-carat gold also declined by Rs 10, with the yellow metal selling at Rs 66,540
Spot gold was unchanged at $2,338.08 per ounce by 0932 GMT, holding slightly above its 21-day moving average of $2,336
The price of 22-carat gold also edged up Rs 10, with the yellow metal selling at Rs 66,660
The price of 22-carat gold also dipped Rs 10, with the yellow metal selling at Rs 66,240
By 2035, India's market-cap can touch $18-20 trillion as compared to around $4 trillion right now, Vikas Khemani said in this interview.