Gold prices have witnessed a sharp correction recently, dropping from a record high of ₹1,01,530 per 10 gm on April 22 to ₹96,530 by May 3—a decline of ₹5,000, or approximately 5%, in the past 10 days. On Wednesday, gold prices were hovering around ₹99,840 per 10 gm in Ahmedabad. On the Multi Commodity Exchange
Gold ETFs are stock market-traded investment options that allow investors to buy and sell gold without handling physical assets. For centuries, gold has been synonymous with wealth and prosperity in Indian households. Traditionally, people invested in physical gold—jewellery, coins, and bars, considering it both auspicious and a secure asset. However, modern financial instruments like Gold
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
Gold Price Forecast: Profit Booking May Continue Unless Trade War Updates Surface- Should Buy Or Sell?
Markets now look to comments from Fed officials for policy cues. Unless President Trump or Chinese officials release any updates on the trade war, this profit booking may persist. As gold reacts to changing global fundamentals, investors need to be watchful of such important signals as US economic indicators, interest rate directions, and geopolitical uncertainties.