Popular investor Jim Rogers, 81, has challenged the notion that storing gold in lockers is a waste of capital, in an interview with NDTV Profits. The chairman of Beeland Interests and co-founder of Quantum Fund emphasised the psychological and financial security that precious metals can provide during economic downturns. When the interviewer suggested that keeping
Gold prices surged 18 per cent year-on-year (Y-o-Y) in the June quarter to $2,338.2 an ounce (oz), reaching a record of $2,427/oz. They were up nearly 13 per cent compared with the December 2023 quarter. India is the second-largest consumer of gold, after China. Indian households hold a whopping 25,000 tonnes of gold, according
3 min read Last Updated : Aug 26 2024 | 5:49 PM IST The Reserve Bank of India (RBI) has announced an early redemption for Sovereign Gold Bonds (SGBs) issued between May 2017 and March 2020. The redemption process will take place in two phases, starting from October 11, 2024, and extending to March
Gold prices surged by ₹331 to ₹72,108 per 10 grams in Monday’s trading session as fresh positions were built by speculators amid strong demand in the spot market. On the Multi Commodity Exchange (MCX), October gold contracts saw a 0.46% rise. This reflects growing interest in the precious metal, with a turnover of 16,860 lots.
Gold prices have cooled from recent record highs as investors anticipate the Federal Reserve’s next move. On Wednesday (August 21), spot gold traded slightly higher at $2,517.08 per ounce, following an all-time peak of $2,531.60 on Tuesday. US gold futures also saw a modest increase, rising 0.2% to $2,554.90, according to news agency Reuters. Gold
Amid ongoing geopolitical tensions and economic uncertainty, gold prices remain strong, but silver might offer more room for growth, according to Jonathan Barratt, CIO of Probis Securities. In a recent interview with CNBC-TV18, Barratt noted that while gold is holding steady at $2,500 per ounce, silver is still well below its record highs. This presents
Domestic gold futures experienced a minor dip on Wednesday (August 14). Investors are eyeing key US inflation figures that could influence interest rates in the coming months. Around noon on the Multi Commodity Exchange (MCX), gold futures were down by ₹110 at ₹70,589 per 10 grams. Despite the drop, gold prices are well-supported. “Gold remains
Gold outlook: The recent Budget’s decision to reduce the import duty on gold from 15% to 6% has left investors in paper gold feeling cheated. The announcement caused domestic gold prices to plummet by more than 8%, from Rs 74,080 to Rs 68,388 per 10 grams. Gold ETFs and sovereign gold bonds, which are linked
Gold prices remained stable on Monday, August 5, as profit-taking balanced against expectations of a US Federal Reserve rate cut. Concerns about a potential US recession also influenced market sentiment. Spot gold held at $2,443.44 per ounce as of 0335 GMT, after an earlier 1% drop. US gold futures rose 0.7% to $2,485.80, according to
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