This holding is nearly 88.8 per cent of India's gross domestic product (GDP), the note said; and at the current market value is about 3.1x times the current equity stock holding with Indian households
Analysts at Nomura have initiated coverage of Titan with a 'Buy' rating and a target price of ₹4,275, highlighting the company's strong positioning relative to peers on a risk-weighted basis.
Gold outlook: As the Fed Chair Powell's focus has shifted from inflation to the weakening US job market, the US monthly job report will be critical for gold for short-term trading.
Gold outlook: Spot gold continues to find robust support from a confluence of macroeconomic factors, chief among them being the rapidly deteriorating fiscal landscape in major economies.
India is cutting its US Treasury holdings while adding more gold to its reserves; RBI data shows the shift is part of a global trend to diversify forex reserves and reduce risks from the dollar
Gold trading strategy: In the near-term, safe haven demand is somewhat subdued due to US-China trade truce extension and hopes from the upcoming US-Russia meeting in Alaska.
Gold faces a strong resistance at $3420 (₹102,300 at INR/USD rate of ₹87.43) as posed by the 4-month-old trendline.
President Trump said that US tariffs on semiconductor and pharmaceutical imports would be announced within the next week or so. Tariffs of pharmaceuticals could be as high as 250 per cent.
In their bear-case scenario, WGC sees gold prices dip 12 - 17 per cent in H2-CY25 finishing 2025 with positive but low double-digit (or even single-digit) return
This week, Indian dealers were offering a discount of up to $31 an ounce over official domestic prices, inclusive of 6 per cent import and 3 per cent sales levies
Only authorised importers can now bring gold or silver under India-UAE CEPA; new codes introduced to curb gold misdeclared as platinum to avoid higher duties
Consumers are favouring chains over independent jewellers, shopping frequently, and spending more on gifts, Kalyan Jewellers' Executive Director Ramesh Kalyanaraman said in an interview
The price of 22-carat gold climbed ₹10, with ten grams of the yellow metal selling at ₹88,790
The metal may test $3372-$3400 resistance zone. Upside is likely to be capped at $3400 in the short-term
In early 1980, investors, according to Capitalmind, were inspired by the stellar returns of the 1970s. If they invested in gold back then, they would have faced two decades of negative returns.
The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹92,910
The price of 22-carat gold declined ₹10, with ten grams of the yellow metal selling at ₹89,440
The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹88,160
The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹82,910
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 82,140