High volatility in crypto currencies sends investors fleeing to gold and silver
Gold is touching a four-month high at a time when cryptocurrencies have fallen by nearly 53 percent from their all-time high
May 26, 2021 / 09:22 AM IST
The SGB for the current financial year is issued in six tranches. The first tranche of subscriptions was opened from May 17-May 21.
Gold prices have touched a four-month high during a lean season, with marriages and festivals being the reason. This wasn’t because it’s a safe haven, since equity markets continue to move higher.
The one reason gold moved higher in 2020 despite lower physical gold consumption and central bank buying has been investor buying through the exchange-traded funds (ETF) route. However, towards the second half of the year, there was a visible shift from gold to what is known as digital...