Gold, counted among the most precious metals of the world, has played a key role in the monetary framework. It is also used for producing gold bars, bullion coins and similar units of fixed purity and weight, which makes gold a medium to store wealth in hoards. The utility of gold in the monetary framework increased in the period leading to the first World War, when warring countries decided to use fractional gold standards in bid to inflate their currencies. The move was aimed at financing the war costs, point out experts. Following the war, the United Kingdom had begun restoring gold-convertibility, but global outflows of gold in the forms of bills of exchange remained embargoed. International shipments at the time were restricted exclusively for war reparations and bilateral trade. Following the second World War, gold was swapped by a regime of nominally convertible currencies regulated by fixed exchange rates -- based on the Bretton Woods system. In the period to come, gold standards and the direct convertibility of currencies to the precious metal was discontinued by most countries. This move was led by the United States of America, which decided not to redeem its dollars into gold in 1971. Currently, fiat currency fulfils most monetary roles in the world. More
India's biggest jewellers also stepped up their retail game by opening more stores during the quarter. Steady online sales gave a boost to the numbers as well
Gold rate today: Gold futures on MCX with December expiry hit an all-time high level of Rs 1,22,780 per 10 grams today.
Analysts however advise caution, suggesting that investors may resort to profit booking at these elevated levels, resulting in some consolidation in short-term.
Gold shatters the $4,000 barrier amid global uncertainty, with experts predicting further gains as investors flee traditional assets for the safety of the precious metal
India’s gold ETFs attracted $902 million in September, marking a 285 percent surge from August and the fourth straight month of inflows.
After years in the shadows, platinum shines again on tight supplies and renewed investor interest
Bullion rose to $3,977.44 an ounce after surging 1.9% on Monday
Record-high gold prices have pressured volumes and margins, yet organised players with strong balance sheets, innovative products, and expanding retail and e-commerce reach will beat markets over the medium-term.
The US dollar index has slumped nearly 10 percent in 2025, its steepest fall since 2017, as weak data, record fiscal deficits, Fed rate cut bets, and political turmoil erode confidence.
Many pointed out that while Americans are struggling with issues such as farmers losing their land, cuts to healthcare and food assistance, and the continuing wars in Ukraine and Gaza, the president was flaunting luxury decor.
Gold is hitting record highs, silver is catching up, the dollar is sliding, and Fed rate cuts could spark another risk-on wave. How can investors ride these mega trends shaping the world economy? Jim Rogers shares his views in an exclusive conversation with N Mahalakshmi of Moneycontrol.
IIM-A Professor and author of 'The Power of Gold' Sundaravalli Narayanaswami explains why curtailing gold imports to manage current account deficit does not work in India, and how - when it comes to buying gold in India - culture eats economists for breakfast.
Alternatives like ETFs, government bonds, and internet gold allow you to buy gold without breaking the bank on bars or jewellery.
Gold rate today: Gold futures on MCX with October expiry opened at Rs 1,12,469 per 10 grams today.
Gold rate today: Let's check the latest prices of 10 grams of 22k and 24k gold in major cities of the country on September 24.
Gold outpaces Nifty in 7 of last 8 years, with safe-haven demand and global tensions driving momentum
Countries have been snapping up gold as a hedge against mounting geopolitical risks, creating the opportunity for the PBOC to offer a haven for an asset deemed crucial as a buffer to economic shocks.
Gold rate today: Here are the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country on September 23.
Gold rate today: Gold futures on MCX with October expiry hit a fresh lifetime high of Rs 1,11,472 per 10 grams.
'Gold jumped as traders bet on two more rate cuts from the US Federal Reserve,' said Axis Securities.
Bullion was trading around $20 an ounce short of a record high set last week, after the Fed reduced rates by 25 basis points on Wednesday
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,09,180 per 10 grams today.
A tactical rebound in Indian equities and the rupee is likely
With rising uncertainty in global markets, gold is once again capturing investors’ attention as a safe-haven asset.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,09,956 per 10 grams today.