Gold ETFs see Rs 77 crore outflow despite surging prices in March — What’s going on?

Gold ETFs see Rs 77 crore outflow despite surging prices in March — What’s going on?

Gold has held a special place in the hearts and home of Indian buyers. It is more than a metal. Gold prices in India and globally have been hitting all-time highs in recent weeks, driven by escalating geopolitical tensions, fears of recession, a weakening U.S. dollar, and continued central bank buying. Despite this rally, gold … Read more

Room for more upside in Gold amid geopolitical uncertainty

Room for more upside in Gold amid geopolitical uncertainty

In October, Comex gold (December) surged by 3.4%, extending its winning streak to four consecutive months and reaching a record high of $2,801.80 per ounce. Meanwhile, in India, MCX gold hit an all-time high of Rs 79,775 per 10 grams, marking its third straight month of gains. This rally in gold has been driven by … Read more