Lower interest rates reduce the opportunity cost of holding non-yielding bullion and also weigh on US yields and the dollar
Experts see the real recovery may prove evasive if virus continues to spread
The benchmark US 10-year Treasury yields fell to a record low, while the yen rose to its highest since October against the US dollar
Buy good stocks in small quantities, as there could be more pain
Investors book profits amid fears that a large sell-off in equities will have a spillover effect on a safe-haven asset like bullion
On Monday, the metal rose as much as 2.8% to $1,688.66, its highest since January 2013
The GSI, headquartered in Kolkata, rebutted the claims of the Uttar Pradesh Directorate of Geology and Mining (UPDGM)
The strong performance does not mean that the bull run in the yellow metal has run its course
Silver prices also jumped Rs 296 to Rs 47,584 per kg from Rs 47,288 per kg on Monday
"Spot gold of 24 karat in Delhi was trading up by Rs 75 with rupee depreciation," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
IGPC announced the survey on Friday as part of its third annual conference
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
Commodities Outlook & Stock recommendation by Bhavik Patel - Sr. Technical Analyst
In comparison to other asset classes, globally, gold rallied significantly after many years to deliver 18.4 per cent returns in 2019
China has pledged to buy almost $80 billion of additional manufactured goods from the United States
Gross export of gems and jewellery declined by 5.3% to $27.7 bn for the first nine months of this FY
Globally, gold prices rose 1.67% to $ 1,578.40 per ounce in New York
The decline in gold imports has helped in narrowing the country's trade deficit to $106.84 billion during the eight-month period
While standard gold price closed at Rs 39,083/10 g, silver ended the day at Rs 46,665/kg
Data from the World Gold Council shows that 14 central banks, including the RBI, have reportedly added more than one tonne to their reserve.