Despite the surge in gold prices, the yellow metal remains an integral part of India’s festive culture
In FY25, gold prices have increased by Rs 23,730 or 35 per cent from Rs 68,420 per 10 grams on April 1 last year.
Gold's April contracts on the Multi Commodity Exchange of India (MCX) traded at Rs 88,673 per 10 gram on March 28.
SEBI's tie-up with DigiLocker aims to bring down the number of stock and mutual fund holdings that remain unclaimed. Following the death of an investor, the DigiLocker system will automatically notify the nominees regarding the investments
Spot gold climbed 0.6% to $3,073.79 an ounce, as of 0230 GMT, after hitting an all-time high of $3,077.44 earlier in the session. Bullion is up 1.7% so far this week
'Today, gold prices are likely to trade higher as investors drove towards safe haven assets for US President Donald Trump's sweeping reciprocal tariff plans which they fear will fuel inflation and hinder economic growth,' Angel One said.
Concerns over Trump's tariff policies catapulted gold to a record high of $3,057.21 on March 20.
Theories abound that the US is deliberately letting its stock market drop. It has dropped 8 percent, wiping out $4 trillion, in the last month sparking theories that Trump's administration may be intentionally letting it fall to reset the economy. Will this gamle pay off?
The gold monetisation scheme, introduced in 2015, included gold deposits for 1-to-3 years, 5-to-7 years and 12-to-15 years
Gold, traditionally seen as a hedge against geopolitical and economic uncertainties, has risen 15% so far this year, scaling an all-time peak of $3,057.21 on March 20.
While 24-carat gold is a 100 percent pure form of gold with no trace of any other metal, the 22-carat variant has 91.67 percent pure gold along with some traces of alloyed metals like silver or copper.
Two men and a women they referred to as 'mother' claimed that they had dug up gold at their home in Mathura. The fraudsters gained the businessman's trust by giving him two golden pearls which tested to be 78 per cent pure gold.
Not out of the woods yet, adopt staggered approach to equity investing, large-cap and flexicap mutual funds remain the best bet, say financial advisors
A diversified portfolio of undervalued stocks can be created, offering higher returns and growth potential than the Nifty
If the rush to sell continues, it could ultimately lead to lower imports into major markets, potentially tempering gold's rally, retailers and industry experts said
While 24-carat gold is a 100 percent pure form of gold with no trace of any other metal, the 22-carat variant has 91.67 percent pure gold along with some traces of alloyed metals like silver or copper.
Developing good financial habits from a young age, such as saving, budgeting, and investing, can lead to wealth creation and a secure financial future.
The Federal Reserve hinting at two possible interest rate cuts this year further bolstered the bullion’s appeal.
The Sovereign Gold Bond (SGB) scheme was introduced to steer Indian investors away from physical gold purchases and reduce the country's gold import bill. However, the government’s failure to hedge against rising gold prices has resulted in mounting liabilities, turning the SGB scheme into an expensive financial misstep.
U.S. stocks surged on March 19 after the Federal Reserve decided to keep interest rates unchanged, as expected. The central bank maintained the benchmark overnight interest rate at 4.25%-4.50% and projected that two quarter-point rate cuts were likely later this year, similar to its forecast from three months ago. The Fed also downgraded its outlook for economic growth while predicting higher inflation. Policymakers disagreed on how to address the economic effects of President Trump’s tariff policies, creating uncertainty. Additionally, the Fed plans to slow the pace of its balance sheet drawdown due to challenges in assessing market liquidity, particularly amid a U.S. congressional deadlock over raising the borrowing limit. Traders anticipate at least two rate cuts by December, with a 62.2% chance of a 25-basis point cut in June. The S&P 500, Nasdaq Composite, and Dow Jones all posted gains following the Fed’s announcement.
Investing is like a Twenty20 tournament—unpredictable, thrilling and requiring strategy. Staying disciplined, patient, and informed helps investors navigate market ups and downs to emerge victorious.
Spot gold rose 0.2% to $3,039.54 an ounce at 2:33 p.m. in New York. Silver, platinum and palladium fell
Spot gold remained unchanged at $3,034.12 an ounce as of 12:04 p.m. ET (1604 GMT)
The rise in gold price comes ahead of the US Federal Reserve meeting outcome. If the Fed holds rates, gold may see limited upside or a slight pullback, say experts
Spot gold hit a peak of $3,028.24 in early trade, and by 0927 was up 0.7% at $3,023.30 an ounce