Diwali is considered to be an auspicious occasion to buy gold and regardless of price, Indians buy gold. Analysts believe that investment demand will continue to rise in 2021 given the unprecedented amount of liquidity from central banks around the world. Rising covid infections also add the icing to the …
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The insatiable appetite for gold of Indian consumers, peppered with economic uncertainty over the years, has seen the yellow metal outperform equity markets over the past decade. From around 20,000 rupees per 10 grams in Dhanteras, a day considered conducive to buying gold and gold jewelry, in October 2010, gold …
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The 2020-21 Sovereign Gold Bond Scheme (the eight version) will open for subscription starting Monday (Nov 9). The scheme, issued by the Reserve Bank of India (RBI), will be open until November 13. The issue price of the Sovereign Gold Bond has been set at Rs 5,177 per gram of …
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Gold and silver posted their biggest weekly losses since March, when the global onset of the coronavirus pandemic caused markets to panic. The dollar won as concerns about the prospects for global economic growth reinforced the currency’s appeal as a safe haven, weakening demand for gold. Fears are growing that …
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