Gold News

Should you buy Gold for Dhanteras Pooja this Diwali season?

Should you buy Gold for Dhanteras Pooja this Diwali season?

The festival of lights is a few days away and the Dhanteras Pooja is considered as an auspicious time to invoke Goddess Lakshmi.Dhanteras is usually an auspicious time to buy utensils, gadgets, jewelry. In fact, some even consider it as an occasion to invest in Stocks and a few grams of Gold.  ...

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Four more SGBs announced until end of fiscal this year

Four more SGBs announced until end of fiscal this year

New Delhi: A new announcement made by the Government of India clarified that four more Sovereign Gold Bond schemes are likely to be issued until the end of the fiscal year 2021-22.The dates for the four tranches as published by the Government of India are as follows:<b>•</b> <b>202...

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Gold price drops by major margin across India today

Gold price drops by major margin across India today

New Delhi / Mumbai / Chennai: Gold price across India and major cities tumbled on Wednesday.Price dropped by a margin of 0.35 to 0.51 percent across key markets of India. The drop was heavy in Southern cities such as Kerala, Chennai, and even in Gulf markets.The drop in price is attributed to a sudd...

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Gold rates marginally decline ahead of US Jackson Hole Symposium

Gold rates marginally decline ahead of US Jackson Hole Symposium

Mumbai / Delhi / Chennai: Gold rates across India marginally cooled despite US Spot Gold counters reporting volatile trades.In trade on Friday, the US Spot Gold on Comex traded to levels of $1,805 for a while before retreating to $1,795 levels. A day ago, the US spot Gold slipped to $1,780 levels. T...

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Jewellers to go on strike on Aug 23 over 'arbitrary' hallmarking norms

Jewellers to go on strike on Aug 23 over 'arbitrary' hallmarking norms

Mumbai: Jewellers across India will go on strike on August 23 against "arbitrarily" implemented mandatory hallmarking process in the country by the Bureau of Indian Standards (BIS).The strike has been called by the National Task Force for Hallmarking, formed by 350 associations and federations repre...

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Investing in gold now? Read these risks and rewards

Investing in gold now? Read these risks and rewards

Precious metal counters have witnessed some action in the past fortnight. Gold prices crashed to a 14 month low of $1,677 per ounce which has been perceived as an opportunity by keen investors.Of course, the price has seemingly stabilized and Gold currently trades at $1,780 levels on the US Comex. W...

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Gold rate may crash to Rs 42,000 by end of 2021 warns analyst

Gold rate may crash to Rs 42,000 by end of 2021 warns analyst

Gold rates across the world and in India more specifically could witness a major crash if a recent analysis is to be believed.An analyst has forecast that Gold price could correct to levels of $1,600 per ounce.Gold at $1,600 per ounce corresponds to approximately Rs 42,000 at prevailing forex of 1 U...

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Physical Gold cheaper than Sovereign Gold Bonds, what to do next

Physical Gold cheaper than Sovereign Gold Bonds, what to do next

Gold investors across India seem to be perturbed with a phenomenon-- the August Sovereign Gold Bond turning costlier than physical gold.The August SGB is priced at Rs 4,740 per gram inclusive of a Rs 50 discount for digital payments. Markets crashed in the last seven days bringing bullion prices to ...

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After seven days of decline, Gold rates rise across India and Gulf

After seven days of decline, Gold rates rise across India and Gulf

Gold price across India, Gulf and the rest of the World are on the higher side on Thursday. This, after reporting a decline through the last seven days.According to data tracked by Sify Gold, rates of the yellow metal increased by a margin of Rs 265 per ten grams and by Rs 235 per ten grams for 22 K...

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Sify Exclusive: Gold has lost all Trigger Points, recovery in six months is grim

Sify Exclusive: Gold has lost all Trigger Points, recovery in six months is grim

Gold, the precious metal Indians love the most, is trading bearish in the last few sessions. On Monday, Gold momentarily slipped to a 14 month low of $1,677 per ounce before returning to $1,725 levels. On August 4, Gold traded at $1,830 per ounce.The recent fall can be attributed to a positive US-Jo...

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