Gold holds a special place in Indian households, not just as an investment but as a symbol of wealth and tradition. With gold prices steadily rising, consumers and investors in India should prepare for a period of both volatility and potential opportunities. A recent report by ICICI Bank Global Markets suggests that gold prices may … Read more
Today is Akshaya Tritiya or Akha Teej, which is one of the many auspicious days for buying valuable assets, such as gold, diamonds, vehicles, and others. The festival, just like Dhanteras during Diwali, is said to bring in good luck, success and prosperity if investments are made in certain assets. Buying gold on Akshaya Tritiya … Read more
There is no doubt that investment in gold has never faded away despite the good performance of other asset classes. Since February, gold has demonstrated a remarkable yield of approximately 17 per cent. Correspondingly, the commodity’s value has reached unprecedented levels daily in both domestic and global markets, despite an ascent in US Treasury yields. … Read more
NEW DELHI: The third tranche of the sovereign gold bond (SGB) scheme 2021-22 opened for subscription on Monday. This issue comes soon after the first and second tranche, but is priced slightly higher than both. Prospective bidders, who intend to subscribe to the scheme, can bid for a minimum of 1 gm of gold at … Read more
Physical gold in India was sold at a discount this week for the first time in 2021 as a spike in coronavirus cases prompted strict restrictions and kept buyers away. Several Indian states have run out of coronavirus vaccines as new infections surged to another daily record. “Almost every state government has put some kind … Read more