Investors booked profits in gold amid volatility linked to Trump-era tariff concerns, with June gold futures on the MCX opening lower by Rs 592, or 0.62%, at Rs 94,797 per 10 grams on Friday. This came despite preliminary GDP data showing a contraction, which had boosted bullion’s safe-haven appeal in the previous session. Despite ongoing … Read more
Amid a rebound in the dollar index, gold June futures contracts at MCX opened flat at Rs 95,230/10 grams, marginally higher by Rs 87 or 0.09% after the yellow metal settled lower in the previous trading session. However, around 11 am, the metal witnessed buying from the lower levels and was trading 0.36% higher at … Read more
In a year brimming with global economic uncertainty, gold has emerged as the undeniable winner—surging past the Rs 1,00,000 mark in domestic markets and leaving traditional investments like fixed deposits and even equities far behind. While Indian FDs continue to offer modest returns in the average range of 6-8%, the yellow metal has delivered double-digit … Read more
Sovereign Gold Bonds (SGB), one of the popular gold investment tool, were debt securities issued by the Reserve Bank of India (RBI) on behalf of the government, with each unit representing a gram of gold. These bonds can be traded in the secondary market, allowing investors to potentially gain capital. Additionally, the government utilises SGBs … Read more
Purchasing gold from Dubai offers significant cost advantages for Indian buyers, even when considering import duties. As of March 2025, gold in Dubai is priced at $887.63 per 10 grams, translating to Rs 77,281.46. In contrast, the same quantity in Mumbai costs approximately Rs 87,480, reflecting an 11.58% price advantage in Dubai. This price differential … Read more
On February 15, spot gold was highly volatile and choppy amid weak US data and traders reassessing the impacts of the US President Trump’s tariff policies. The yellow metal came close to it’s all-time high level of $2943; however, it slumped as traders opted to book profits. The yellow metal traded between $2854 (February 10) … Read more
SGB premature redemption: The Sovereign Gold Bond (SGB) Series VIII (2017-18) is scheduled for premature redemption on November 19, 2024, in accordance with the guidelines set by the Reserve Bank of India (RBI). The redemption amount has been determined at Rs 7,460 per unit, determined by the average gold price of 999 purity recorded over … Read more
Spot gold fell for six consecutive days before rising on October 10. The metal extended its rebound on October 11. The yellow metal, taking support at $2600, recovered sharply on stagflationary US data that showed higher inflation and deterioration in job market and consumer sentiments. Spot gold closed with a gain of nearly 1% at … Read more
Sovereign Gold Bonds are one of the most sought-after gold investments available at present. The Sovereign Gold Bonds (SGB) are government securities denominated in grams of gold, offering an alternative mode of investment to physical gold. The government-backed gold bonds were initially issued by the Reserve Bank of India on behalf of the government. However, … Read more
Sovereign Gold Bonds (SGBs): The Reserve Bank of India has announced the dates for premature redemption of Sovereign Gold Bonds issued between May 2017 and May 2020. The central bank is planning to redeem 30 SGBs from October 11 and February 7, 2025. The redemption price will be announced by the Reserve Bank of India … Read more