Gold News

Buy Gold? Sitharaman proposes revising duty in 2021 Budget

Buy Gold? Sitharaman proposes revising duty in 2021 Budget

Mumbai: Gold which had reached dizzying heights of Rs 57,000 in August 2020 and an epic contraction in Christmas'20 was likely to see more contraction after the swearing of the US President.  Turns out Gold in India could get a tad affordable. This could be the perfect opportunity for those who...

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Gold in December: These 5 factors will lead to increase in Gold rates

Gold in December: These 5 factors will lead to increase in Gold rates

As we move into the final month of this eventful year, market sentiment is mixed as investors seem to be weighing the mounting virus case count against optimism of vaccine breakthroughs.  On the surface, risk and uncertainty seem to have ebbed as the progress made on the vaccine front has spurr...

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Bullion-Suprise: Gold up by Rs 1,000 in mere two days

Bullion-Suprise: Gold up by Rs 1,000 in mere two days

Mumbai: Bullion markets have rallied in the last two trading sessions causing gold rates in India to fluctuate upwards by a margin of Rs 1,000.  Although Gold rates slipped by a margin of 4 percent across India in the month of November, the recovery in December is reportedly much faster.  ...

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After Diwali: Gold misses fireworks, tumbles by 1000

After Diwali: Gold misses fireworks, tumbles by 1000

Mumbai: Gold rates across the country tumbled by a margin of Rs 1,000 as of Tuesday.  According to data from Sify.com that tracks rates across India and Gulf, major associations and jewellers quoted a lower opening rate for Tuesday.  On an average, gold rates for 24 Karat or bullion was re...

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Dhanteras Special: 5 reasons why you should invest in Gold despite Pfizer's Covid vaccine denting markets

Dhanteras Special: 5 reasons why you should invest in Gold despite Pfizer's Covid vaccine denting markets

When US pharmaceutical major Pfizer announced a Covid vaccine with 90 percent effectiveness, gold markets across the world crashed by nearly 4-5 percent.Finally, we are inching closer to the reality of a vaccine. And that may have some bearing on Gold, the yellow metal we all love so much.  Sho...

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Pfizer proposes, bullion market disposes, Gold on free-fall

Pfizer proposes, bullion market disposes,  Gold on free-fall

Gold markets are staring at the prospects of a record tumble after Pharmaceutical major Pfizer Inc reported of its latest finding - a Covid vaccine that is 90 percent effective.  While current US President Donald Trump and bourses across US and Europe showed optimism, news of an effective vacci...

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US Fed keeps interest rates near zero amid election uncertainty

US Fed keeps interest rates near zero amid election uncertainty

Washington: The US Federal Reserve on Thursday kept its benchmark interest rate unchanged at the record-low level of near zero amid uncertainty about the final result of Tuesday's presidential election."Economic activity and employment have continued to recover but remain well below their levels at ...

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Dhanteras Season: How Gold is a risk-reward despite a bumpy October

Dhanteras Season: How Gold is a risk-reward despite a bumpy October

Gold rates slipped by 1.4 percent in the month of October. With Dhanteras barely weeks away, a question most investors are curious to know is what to buy.  Stocks and mutual funds are what most savvy investors keep an eye on. Gold as as a physical commodity is what most investors and buyers inv...

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US Election eve: Gold above threshold levels, Rates across India rise

US Election eve: Gold above threshold levels, Rates across India rise

Mumbai/Chennai/New-Delhi: Gold rates across the country witnessed a surge. The rise was in sync with the Rupee's moderate fall since the last week and the spot price of Gold which was seen inching closer to the $1,900 per ounce threshold level.  Retail price hovered above the Rs 51,000 mark in ...

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How a Trump or Biden victory could affect Gold rates?

How a Trump or Biden victory could affect Gold rates?

Gold rates in the last five trading sessions have swung volatile. At the start of the week, the markets traded well above the $1,900 level. This was way below $2,000 levels that the Gold market scaled in August.By mid-week, the trend moved to sub $1,900 levels. On Saturday, the markets traded in a r...

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