Gold in India has hit a surprising twist—it’s now cheaper than in popular gold-buying hubs like the United Arab Emirates, Qatar, Oman, and Singapore. As of November 16, 24K gold in India stands at Rs 75,650 per 10 grams, down by Rs 110 from the previous day. The 22K variant dipped to Rs 69,350 per … Read more
Kotak Mahindra AMC’s MD and CEO, Nilesh Shah, has warned Finance Minister Nirmala Sitharaman of a potential surge in India’s gold import bill after the customs duty cut and rising international prices. “”One early warning signal Madam, we (India) are importing about 700 tonnes of gold, which is (worth) about $35-40 billion. With the reduction … Read more
Gold prices on the MCX hovered at Rs 72,187 per 10 grams on Monday, hitting an intraday low of Rs 71,725. In the international market, prices maintained a similar trend, hovering around $2,339.25 per ounce. This indicates a certain level of stability in the gold market. Meanwhile, silver hovered at Rs 91,479 per kg to … Read more
Gold prices on the MCX hovered at Rs 71,779,681 per 10 grams on Friday, hitting an intraday low of Rs 71,550. In the international market, prices maintained a similar trend, hovering around $2,337.84 per ounce. This indicates a certain level of stability in the gold market. Meanwhile, silver hovered at Rs 90,562 per kg, hitting … Read more
Gold prices on the MCX hovered around Rs 71,163 per 10 grams on Wednesday, hitting an intraday low of Rs 70,901. In the international market, prices maintained a similar trend, hovering around $2,308.97 per ounce. This indicates a certain level of stability in the gold market. Meanwhile, silver hovered at Rs 82,878 per kg and … Read more
How much gold should you hold in your portfolio? Should it remain a conservative 5% or with gold prices on a roll, should the percentage be increased to 25-45%? According to the ASK Private Wealth report titled “Carpe Diem,” a portfolio with an asset allocation of 50:25:25 in Equities:Bonds:Gold has yielded a return of 13.4% … Read more
Gold prices hovered at Rs 71,594 per 10 grams on the MCX on Friday and hit an intraday low of Rs 71,212. In the international market, prices hovered around $2,344.25 per ounce. Silver hovered at Rs 82,557 per kg and hit an intraday low of Rs 82,529 on the MCX. In the international market, the … Read more
Gold opened on the Multi Commodity Exchange (MCX) at Rs 66,497 per 10 grams and hit an intraday low of Rs 66,465. In the international market, prices hovered around $2,196.32 per ounce. Silver opened at Rs 74,779 per kg and hit an intraday low of Rs 74,744 on the MCX. In the international market, the price … Read more
By Andy Mukherjee Even if it proves to be a blip, this week’s volatility in gold may have its uses. For one thing, Tuesday’s steepest single-day price decline in seven years should make bankers in India wary of storing up future trouble by writing risky subprime loans against the country’s most-loved commodity. Gold has a … Read more