Bullion held above $2,865 an ounce — having added 0.9% on Wednesday — after President Donald Trump said the US could take over Gaza
New investors may not be aware but equity markets have corrected by more than 50 percent many times in the past and can experience similar volatility in future as well. Therefore, equity allocation in the portfolio should be maintained in a range after accounting for the maximum downside volatility one can bear.
Demand for gold could stand between 700 metric tons and 800 metric tons, compared to last year's 802.8 tons, which was the highest since 2015, Sachin Jain, CEO of WGC's Indian operations, told Reuters.
Bullion reached an all-time peak of $2,849.05 an ounce on Wednesday
The precious metal of 99.9 per cent purity closed at Rs 85,300 per 10 grams in the previous session.
For February 4 edition of Moneycontrol Pro Panorama: US trade deficit with India higher than Canada's, bond markets back in the eye of the storm, will budget boost India's trade image, a lookback at America’s repeated dalliances with tariffs, and more
Spot gold was up 0.3% to $2,820.69 per ounce by 0252 GMT, after hitting a record high of $2,830.49 in the last session
Financial experts recommend strategic investing, prioritising long-term goals over short-term tax benefits.
Spot gold fell 0.9% to $2,776.05 per ounce by 0303 GMT after prices hit a record peak at $2,817.23 on Friday. U.S. gold futures were 0.9% lower at $2,810.80.
Stay ahead of the market with today's top stock updates! Gujarat Gas Chairman Raj Kumar resigns, Lupin clears a key US FDA inspection, and MOIL hikes manganese ore prices. Coal India reports a slight dip in production, while Indian Bank raises lending rates. Get the latest on major deals, earnings, and market trends that could impact your portfolio.
On the Multi Commodity Exchange, gold contracts for April delivery hit a record high of Rs 83,360 per 10 grams in early trade.
Last year, a significant cut in the import duty had delivered a rally in the sector's stocks
In the first half of current financial year, the Centre has borrowed nearly Rs 7 lakh crore and plans to borrow Rs 6.61 lakh crore in the second half.
In futures trade, gold contracts for February delivery appreciated by Rs 487 or 0.6 per cent to hit another record high of Rs 82,210 per 10 grams on the Multi Commodity Exchange (MCX).
Spot gold was up 1.4% at $2,796.15 per ounce, as of 11:07 a.m. (1603 GMT), hitting its record high level at $2798.24 earlier in the session. U.S. gold futures climbed 2% to $2,824
Last week, prices were trading near record-high levels but they fell over 1% on Monday as investors rushed to liquidate bullion to offset losses triggered by a sharp pullback in technology stocks, spurred by DeepSeek's low-cost, low-power AI model.
The industry is asking for further cut in import duties and a regulator for digital gold, among other things.
The New Fund Offer (NFO) opened on January 24 and will conclude on February 7. The scheme will reopen for continuous sale and repurchase on February 18, the company said in a statement
In the book written by Safir Anand, the fund manager explains why an investor needs to respond to the reality of the market and not be rigid in his/her approach
The current bullish momentum in gold is driven by uncertainty surrounding the potential US tariffs plan and other policies from President Donald Trump,
In Safir Anand's soon-to-be-published book named Confessions of Stock Market Wizards, the voracious reader Prof. Bakshi explains why investors should not be tied to the outcome but must pay more attention to the decision-making process
Armed forces personnel have to deal certain unique financial planning hurdles because of frequent relocations and professional risks, but a deft strategy can help them overcome such challenges.
On Wednesday, SEBI released a consultation paper, proposing a Rs 250 SIP aimed at promoting financial inclusion and systematic saving
Spot gold eased 0.1% to $2,753.14 per ounce by 0852 GMT, trading in a tight range of $8. Prices hit their highest since October 31 on Wednesday
The proposed 'sachetisation' of mutual funds is aimed to promote financial inclusion and facilitate investors new to mutual funds.