Marketmen said apart from a firm trend overseas as weaker dollar raised demand for the precious metal, sustained buying by local jewellers at domestic spot market kept gold prices higher.
Globally, gold settled the week lower at USD 1,268.90 an ounce and silver at USD 16.43 an ounce in New York.
The 10-year government bond yield ended 5 basis points higher at 7.82 percent. It had breached the psychological barrier of 8 percent in the second week of June
Instead of keeping money idle at home or in a locker, it should be invested for it to grow enough to beat inflation over a period of time.
According to Angel Commodities, on Wednesday, spot gold prices declined half a percent to close at $1267.7 per ounce remaining near a six - month low on Wednesday as the U.S. dollar hovered around 11 month peaks but was offset by festering global trade tensions.
Gold prices, which can benefit in times of uncertainty, failed to gain so far this week, despite the ongoing trade war.
Sandwich generation is struggling with the dual responsibility of caring an elderly parent and also supporting children financially
The ideal person to whom you should sell the bike is the one who pays the highest price for it.
Trump threatened on Monday to impose a 10 percent tariff on $200 billion of Chinese goods.
The money invested in money market mutual funds can be used for emergency hospitalisation, child’s school fees, vacation planned over the next 2 to 3 months.
Gold price slashed by Rs. 335 per ten grams, silver prices also dipped by Rs. 1310 per Kg. Gold Rs 30,765 per 10 grams and silver at Rs 40,205.
Rising prices, depreciating rupee and geopolitical tensions between the US and China will likely to have negative impact on the gold and diamond jewellery business.
Permitting commodity exchanges to participate in spot trading likely to transform the entire industry. Synchronising spot and the derivative market will aid market participants to hedge their risk associated with commodity transactions.
Parekh was last year arrested by the Central Bureau of Investigation in connection with defrauding a consortium of banks.
Gold deepened losses after President Donald Trump on Friday announced that the United States will implement a 25 percent tariff on $50 billion of goods from China and Beijing quickly said it would hit back with its own tariffs.
NFOs being launched by AMCs just to complete their basket of product offerings as per SEBI’s directive on classification and categorisation of mutual funds are best avoided.
When we are not driven by a purpose, we constantly chase a higher return even if the fund is performing at the desired return due to greed
The bank will bring the matter before the shareholders in the ensuing annual general meeting to be held on July 7.
Gold was being sold at a discount in Indian markets for the sixth straight week.
Market analysts call Indian rupee overvalued and predict that it may reach up to Rs 70 per dollar, possibly, by the next year
While investing in mutual funds, it is the fund's track record, fund manager's consistency and risk adjusted return strategy that investors should be more bothered about, than a free life cover added benefit
According to Angel Commodities, On Wednesday, spot gold prices rose 0.3 percent to close at $ 1299.3 per ounce as weakness in the DX ahed of FOMC state men t buoyed the yellow metal.
Spot gold was down 0.1 percent to $1,298.61 per ounce at 0047 GMT. It touched an over one-week low at $1,292.15 an ounce in the previous session.
Sebi said pursuant to transfer of schemes of JP Morgan Mutual Fund to Edelweiss Mutual Fund and at the request of JP Morgan Mutual Fund, the regulator, vide its letter dated June 13, 2018 has cancelled the certificate of registration of JP Morgan Mutual Fund.
According to Angel Commodities, On Tuesday, spot gold prices declined marginally by 0.32 percent to close at $1295.6 per ounce as the dollar strengthened following a positive U.S. - North Korea summit, with markets now waiting for a likely interest rate hike by the U.S. Federal Reserve.