The precious metals posted gains last week. Gold and silver were up 0.8 per cent and 2.8 per cent, as they closed the week at $2,018.2 and $23.8 per ounce respectively. Similarly, on the MCX, gold futures went up 0.8 per cent and silver futures rallied 2.8 per cent. They had closed the week at…
Global demand for silver will likely decline 10 per cent in 2023 with offtake of silver jewellery and silverware declining by 22 per cent and 47 per cent, respectively, with India being the prime factor behind the dip. Key findings reported by Philip Newman, Managing Director at Metals Focus, and Sarah Tomlinson, Director of Mine…
In a captivating economic narrative, India’s gold market finds itself at a pivotal juncture, delicately manoeuvring through age-old traditions and modern financial evolution. An in-depth econometric analysis sheds light on the intricate web of factors influencing the dynamics of one of the world’s largest gold-consuming nations. India, now crowned as the most populous nation globally,…
Gold prices touched three-week high at ₹63,452 per 10 gm on Thursday against the previous close of ₹63,223 after the US dollar and bond yields hit multi-month lows. On the MCX, gold for February delivery was down ₹198 to ₹63,480 and April contract lost ₹180 to close at ₹63,800. In the US, spot gold was…
Goldsikka Ltd has set up the second version of its GoldATM which can dispense both gold and silver coins at Ameerpet Metro Station. According to Sy Taruj, CEO, Goldsikka customers can now buy gold coins ranging from 0.5 grams to 20 grams and silver coins ranging from 10 grams to 100 grams. The ATM also captures live rates from…
Over the last two decades, the Indian stock market, represented by Nifty and gold, has shown different performance trends. The comparison highlights the contrasting nature of these assets over the specified period. The Nifty 50 index delivered a compound annual growth rate (CAGR) of 14 per cent in the last ten years and 14.9% in…
Gold appreciated last week, whereas silver moderated. In dollar terms, the former gained 0.5 per cent to end at $2,062.9 per ounce and the latter dropped 1.7 per cent to close at $23.8 per ounce. On the MCX, gold futures was up 0.4 per cent to end at ₹63,203 (per 10 gram), but silver futures…
Continuing to glitter in 2024 as well, gold price is likely to touch ₹70,000 per 10 grams in the domestic market on the back of a stable rupee, geopolitical uncertainties and slowing global economic growth, according to experts. Also read: Bullion Cues: Exercise caution Currently, the yellow metal price is hovering at ₹63,060 per 10…
Gold prices on Monday rose from ₹ 188 to ₹ 62,550 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. Also read: Big Story: Gold sets sights on $2,200 On the Multi Commodity Exchange, gold contracts for February delivery traded higher by ₹ 188, or 0.3 per cent,…
Gold tops investment choices for women in Chennai. Nearly 33 per cent of urban women in Chennai invest in gold, surpassing the national average of 16 per cent. Over 90 per cent of women in Coimbatore lean towards investments in fixed deposits and savings accounts, says DBS Bank India and CRISIL Survey. Also read: Financial…
