Investment in precious metals is seen as a protection from enduring inflation, shifts in the prevailing market and economic recession and sustainably helps wealth creation in the run. Gold comes with a great degree of stability, whereas silver has a lot of potential for growth due to its industrial applications. Adding these metals to long-term … Read more
Raksha Bandhan is the most auspicious and most celebrated brother-sister festival in India. This year, Rakhi will be celebrated on August 19, 2024. Though traditional gifts like cash, clothes and jewellery are the favourite gift choices for sisters, many financial experts feel that gifting investment tools, such as fixed deposits, mutual funds, and others, can … Read more
Indian markets have witnessed a strong rally in the last year. Data available from ACE Equity shows that the benchmark BSE Sensex has surged 22% in the past 12 months until July 18. The broader market benchmarks BSE MidCap and BSE SmallCap have outperformed the Sensex and gained 62% and 60%, respectively. On the other … Read more
Diversification is a cornerstone of prudent investing, and incorporating MCX Gold and Silver contracts into a diversified portfolio can offer investors valuable benefits in terms of risk management and wealth preservation. In this article, we’ll explore the role of precious metals in portfolio diversification and provide insights into how MCX Gold and Silver investments can … Read more
Navigating the ever-fluctuating world of precious metals like gold and silver requires a keen eye and a multi-pronged approach. While some traders swear by technical analysis, focusing solely on price charts and market sentiment, others prioritise fundamental analysis, delving into the underlying economic factors influencing prices. However, the most successful traders often adopt a holistic … Read more
After weeks of underperformance, shine in bullion returned as the first shot hit Israel and since then the price trajectory has largely been northwards with the crisis only deepening by each passing day. Experts remain bullish on the prospects of precious metals even as they pick their preference between gold and silver with a view … Read more
The government has restricted the imports of certain waste and scrap of precious metal or of metal clad with precious metal. Their imports were free earlier. The Directorate General of Foreign Trade amended the import policy for ash containing precious metal or precious metal compounds including gold, platinum and silver to “restricted” from “free” which … Read more
Ritesh Jain Global Macro Investor & One of Top 3 Global LinkedIn Influencers on Economy and Finance, Mumbai He is a trend watcher, Global Macro investor and Blogger at worldoutofwhack.com. He has over 20 years of experience in financial markets, bonds, equities, gold, and derivatives. He muses about global macro investment opportunities, economics, business, and … Read more
NEW DELHI: Gold and silver prices witnessed dramatic swings this week, thanks to huge demand followed by a bout of profit booking, and this has kept bullion traders on their toes. Analysts are at a loss trying to predict where these precious metals are headed. Gold futures hit a record high at the start of … Read more
Gold rose on Friday and headed for its biggest monthly gain in 8-1/2 years as the impact of the worsening coronavirus pandemic on the U.S. economy hammered the dollar, prompting investors to seek refuge in bullion. Spot gold was up 0.8% at $1,975.30 an ounce by 0927 GMT, while U.S. gold futures rose 1.5% to … Read more