Industry experts feel that the rise in disbursal of gold loans is due to the NBFC liquidity crisis
This article explores opportunities in industrial use of gold to potentially add more high-skilled jobs, increase contribution to international trade and increase value addition to economy as a whole
2019 has been one of the best years for gold investors as the metal has delivered returns of 12.5 per cent so far
The metal has gained nearly 2% so far this week, on track for a second consecutive weekly gain
High price volatility sparks interest, with futures price ruling higher than spot prices, leading to arbitrage and vibrancy in the options market
Strong rupee takes some shine off rally in yellow metal; jewellery buyers defer fresh purchases on hopes of a correction in prices from current high levels
In the last five years, India's demand for gold jewellery has remained around 600 tons while investment demand has shrunk
The country's gold imports dipped about 3 per cent in value terms to $32.8 billion during 2018-19, which is expected to keep a lid on the current account deficit
Support is seen at $1,365-1,375 levels, at which the metal delivered 5X returns over a five-year period
Low real interest rates are positive for gold
Experts are now eyeing the Trump-Xi meeting on Saturday; if a deal to end the trade war is struck, gold could shed $100 quickly. But if things worsen it could move by as much as $200
Global central banks' purchases are pushing up prices
Measures like starting facilities for refining and certification of standards, building public trust in such schemes and incentives with institutions and individuals are necessary
Gold recorded a decline of over 6% since its recent peak of Rs 28700 on July 11
Till about a month ago, the central bank was ranked 11th, but in March it added 3.7 tonnes of gold to its forex reserves and dislodged the Netherlands from the 10th spot
Sovereign gold, however, held steady at Rs 26,500 per eight gram
Council's guidelines have been designed to protect investors as well as to promote best practices among sellers
Spot gold was down 0.1 percent at $1,277.66 per ounce, as of 1324 GMT
Central banks have started buying gold in large quantities and selling US dollars
India's gold import fell 3% in value to $32.8 billion (Rs 2.3 trillion) during 2018-19