Typically, the demand for gold reflects the expectations about the future, the prices of the precious metal tends to rise amid uncertain economic situations or political upheaval.
If you are also planning to invest in gold then here is the best way to do it right away, despite the constant rise in the gold price. This can be done by purchasing paper gold or sovereign gold that has been made available by the Reserve Bank of India (RBI).
Modi Government has launched Sovereign Gold Bond (SGB) under which you will get gold at a cheaper rate as compared to the market price. The price of one gram gold has been kept at Rs 3,443. Notably under this instead of gold, one will get bond of the gold purchased issued by the RBI bank.
Gold prices on Thursday zoomed Rs 930 to Rs 35,800 per 10 gram in the national capital tracking positive overseas trend after US Federal Reserve Chairman Jerome Powell hinted at a rate cut soon that prompted investors to move towards safe-haven assets like the yellow metal.
The gold industry on Friday unanimously slammed the steep hike in import duty of gold and precious metals from 10 per cent to 12.5 per cent, saying it will backfire and hit the Indian retail market.
Finance Minister Nirmala Sitharaman on Friday in her maiden budget speech has an announcement that might not be music for the middle-class consumers who buy gold for various reasons. The government has increased customs duty on gold and other precious metals to 12.5 per cent from the existing 10 per cent, said Finance Minister in the Lok Sabha.
Gold prices plunged Rs 300 to Rs 34,170 per 10 gram in the national capital on Wednesday due to tepid demand from local jewellers and weak trend overseas, according to the All India Sarafa Association.
Continuing its rising streak for the fourth straight day, gold prices Friday surged Rs 280 to Rs 34,300 per 10 gram in the bullion market here on firm global trend and increased buying from jewellers, according to All India Sarafa Association.
Market analysts said the rise in gold prices at futures trade was mostly due to widening of positions by participants in domestic markets.
Gold prices rose by Rs 300 to Rs 33,870 per 10 gram in the bullion market here Friday on fresh buying by jewellers and a firm trend overseas, according to the All India Sarafa Association.
Marketmen attributed the slide in gold prices to easing demand from local jewellers and retailers at existing levels in domestic spot market.
After 4 days of losses, Gold prices made a turnaround jumping Rs 150 to Rs 30,750 per 10 grams. Silver too jumped up by Rs 400 to Rs 40,900 per kg.
New Delhi: Gold prices crashed Rs 355 to break below the Rs 29,000 mark at Rs 28,870 per 10 grams in line with a weak trend overseas among slow demand from jewellers at the domestic
New Delhi/Mumbai/Kolkata/Bengaluru: Even as gold may be losing its sheen in the global market, logging its longest weekly loss in prices since 1999, the yellow metal still seems to be in favour across India with
New Delhi: Gold today eased by Rs 25 to Rs 27,450 per ten grams at the bullion market here, due to subdued demand from jewellers and weak overseas trends. Silver prices also fell by Rs 200
New Delhi: Gold prices fell further by Rs 150 to Rs 27,450 per ten grams at the bullion market today dragged down by a weak trend overseas and sluggish demand from jewellers.Silver also declined by
New Delhi: Gold prices rose by Rs 30 to Rs 27,830 per 10 grams at the bullion market today amid a firming global trend and increased buying by jewellers to meet wedding season demand.Silver, however,
New Delhi: Gold prices retreated from over three-month highs by falling Rs 180 to Rs 27,710 per ten grams at the bullion market today on slackened demand from jewellers and retailers at prevailing levels amid
Mumbai: Gold prices rebounded smartly at the domestic bullion market here today on emergence of fresh buying from jewellery traders and retailers amidst seasonal demand on the back of higher global cues. Industrial metal silver
New Delhi: Gold regained its sheen today by soaring Rs 315 to Rs 27,565 per 10 grams at the bullion market, tracking a firm global trend along with jewellers buying to meet wedding season demand.
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