Gold has emerged as the most talked-about asset class in recent times, attracting immense investor interest globally. However, S Naren, Chief Investment Officer at ICICI Prudential AMC, has sounded a cautionary note on the yellow metal, stating that despite its current popularity, gold is not a lucrative investment option at this point. In a recent … Read more
In this edition of ETMarkets Smart Talk, we catch up with Pradeep Gupta, Executive Director and India Head of Investment at Lighthouse Canton, to decode the shifting dynamics in global markets. Amid rising geopolitical tensions, volatile equity markets, and weakening confidence in traditional safe havens, gold has emerged not just as a hedge—but as a … Read more
Reasons To Invest In Gold This Akshaya Tritiya Source link
Most investors perceive gold as a safe-haven asset and this belief has only strengthened in recent times, as there has been a significant surge in the gold prices amidst the global economic uncertainty. As a result, the demand for gold has skyrocketed, and with Akshaya Tritiya around the corner, many investors are likely to flock … 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
Global investment bank Goldman Sachs has sharply raised its year-end gold price forecast to $3,700 per troy ounce, up from its earlier estimate of $3,300, according to a report from Reuters, which cited the Wall Street giant’s latest commodity outlook. The bank attributes the bullish revision to stronger-than-expected central bank demand and mounting recession risks, … Read more
Anil Agarwal isn’t just watching the gold rally, he’s issuing a call to action. “We have seen it before,” the Vedanta chairman wrote on X. “Whenever there is great uncertainty in the global economy, the price of gold rises to record highs. As the safest investment, gold is going to shine. Forecasts expect it to … Read more
Kannada actor Ranya Rao on Saturday filed a bail petition in the Sessions Court, a day after her request for bail was rejected by a lower court in the gold smuggling case. The Sessions Court is expected to hear the petition on Monday. The Special Court for Economic Offences denied bail to the Kannada actor … Read more
Gold loans: The Reserve Bank of India (RBI) is preparing to implement stricter underwriting standards for gold loans, urging both banks and non-bank financial institutions to enhance their background checks on borrowers. This initiative aims to ensure that financial entities adhere to standard protocols amidst a 50% rise in gold loans since September 2024, news … Read more
There was a premium arbitrage between COMEX and London, wherein market participants sold the COMEX futures and bought the London physical and to mature the COMEX future part, the London physical stocks were brought into the COMEX inventories, Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services (MOFSL) said. Those concerns have eased-off, … Read more