A recent report by the European Central Bank reveals that gold has overtaken the Euro as the second-highest foreign exchange reserve asset for the central banks. Well, this should not shock any of us. Gold has drawn a lot of attention from central banks in the past many years. It was only a matter of
Buying gold on Akshaya Tritiya is a deep-rooted tradition for Indians that blends faith and fortune for them. Indian families are estimated to hold about 24,000 tonnes of gold, making them the world’s largest single entity to own the precious metal. After creating an all-time high level of Rs 1 lakh on April 22, the
After scaling the Rs 1 lakh mark, gold has corrected by 5% or Rs 4,700 per 10 gram. The prices could slip further and hence bring opportunities for long term investors to make a move this Akshaya Tritiya, say experts who call this as an auspicious beginning to include yellow metal for a shining portfolio.
If you bought Sovereign Gold Bond (SGB) 2019-20 Series V in October 2019 and are planning to sell it prematurely, i.e., before the completion of 8 years, you can do it now. From 15 April 2025, the facility for premature redemption of bonds of this series is available. The government has fixed the redemption price
Gold has set a new record by crossing a milestone level of $3,300 for the first time in history. The gold price has jumped 40% over the last 12 months. On April 16, gold touched an intraday high of $3,318. The closing price today will determine if gold has sustained above $3,300. The continued uncertainty
US President Donald Trump’s sweeping reciprocal tariffs have created a stir in the global markets, impacting almost all asset classes. Equities slumped, bonds surged, and gold hit new highs. Investors’ concerns grew, and their direct impact is visible on the prices of gold. Investors scramble towards safe-haven assets like gold in times of uncertainty, and
Gold vs Nifty 50: In the recent stock market rally, frontline indices — Nifty 50 and BSE Sensex — are set to end up with the biggest weekly gains after February 2021. The Nifty 50 index has risen around 4.45%, while the BSE Sensex has registered a weekly rally of 4.35%. However, this is insufficient
Gold vs Gold ETFs: Gold prices have been skyrocketing since the start of 2025. The precious metal has risen over 11.35 per cent so far this year. After rising for over two weeks straight, gold prices are finally hitting the downward rally on Wednesday. On March 5, the MCX gold rate opened lower at ₹85,931
Gold Rates Today: India is the second-largest gold consumer across the globe, after China. Majority of the demand for gold in India is catered through imports, however, some of it is also catered via locally recycled bullion. Domestic gold prices are determined by multiple factors such as taxes, dollar yields, value of the US dollar,
Gold prices surged to a record high on Thursday, as fears of a global trade war sparked by US President Donald Trump’s tariff threats fueled safe-haven demand for the precious metal. Spot gold was steady at $2,930.19 an ounce, as of 9:17 a.m. ET (1417 GMT) after hitting $2,954.69 earlier in the session, its tenth