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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

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  • Gold Prices Today: Yellow metal to stay range-bound; Fed's aggressive stance may pose challenges Dec 07, 2022 10:20 AM IST

    Gold Prices Today: Yellow metal to stay range-bound; Fed's aggressive stance may pose challenges

    Investors are waiting for the US Fed Reserve rates, which are expected next week, for clues of the rate hikes' speed. This year, high interest rates have hurt gold's role as a conventional hedge against inflation and other concerns, said Prathamesh Mallya of Angel One.

  • Gold Prices Today: Precious metals to remain volatile, rise in prices may witness selling pressure Dec 06, 2022 10:38 AM IST

    Gold Prices Today: Precious metals to remain volatile, rise in prices may witness selling pressure

    Bullion is expected to remain range-bound today. Gold has resistance at Rs 54,000 and support at Rs 53,400. For silver, resistance is at Rs 66,400 and support at Rs 64,400, says Nirpendra Yadav of Swastika Investmart

  • Commodities Live: Gold Prices Near 5 Month High; Silver At 8 Month High Dec 05, 2022 01:01 PM IST

    Commodities Live: Gold Prices Near 5 Month High; Silver At 8 Month High

    Gold trades at 5-month highs. Silver At 8 Month High. Catch today's commodity chat with Manisha Gupta to know!

  • Gold Prices Today: Experts expect yellow metal prices to edge higher, buy on dips Dec 05, 2022 10:15 AM IST

    Gold Prices Today: Experts expect yellow metal prices to edge higher, buy on dips

    Gold has support at Rs 53,580–53,350, while resistance is at Rs 53,970– 54,180. Silver has support at Rs 65,980- 65,350 while resistance is at Rs 67,100–67,650, said Rahul Kalantri, VP Commodities at Mehta Equities.

  • Gold price drops 1% as U.S. jobs data rekindles worries of aggressive Fed Dec 02, 2022 09:04 PM IST

    Gold price drops 1% as U.S. jobs data rekindles worries of aggressive Fed

    Gold is highly sensitive to rising U.S. interest rates, as these increase the opportunity cost of holding non-yielding bullion.

  • Gold still adds a little lustre to a very well-diversified portfolio Dec 02, 2022 12:45 PM IST

    Gold still adds a little lustre to a very well-diversified portfolio

    Volatility in prices has taken the sheen off the metal as a safe-haven asset — though the rich still like their jewellery

  • Gold Prices Today: Precious metals to remain range-bound as investors eye US employment data Dec 02, 2022 10:05 AM IST

    Gold Prices Today: Precious metals to remain range-bound as investors eye US employment data

    Any correction in precious metals prices could be a good buying opportunity today. Gold has support at Rs 52000 and resistance at Rs 56000, said Nirpendra Yadav of Swastika Investmart.

  • Commodities Live: Prices of oil, gold, copper & other metals rise | Book profit or buy more? Dec 01, 2022 12:48 PM IST

    Commodities Live: Prices of oil, gold, copper & other metals rise | Book profit or buy more?

    Catch today's commodity chat with Manisha Gupta to know how a price surge could impact you!

  • Gold Prices Today: Precious metal prices to stay elevated following Fed Powell's speech, US macro data in focus Dec 01, 2022 10:15 AM IST

    Gold Prices Today: Precious metal prices to stay elevated following Fed Powell's speech, US macro data in focus

    The focus will now shift to the US non-farm payrolls print later this week. The near-term outlook remains positive. However, traders will watch for the data prints to take further cues, said Ravindra Rao of Kotak Securities.

  • Gold pares gains as U.S. yields climb; focus on Powell speech Nov 30, 2022 09:20 PM IST

    Gold pares gains as U.S. yields climb; focus on Powell speech

    Spot gold was up 0.1% at $1,751.86 per ounce by 10:16 a.m. ET (1516 GMT), after rising as much as 0.9% earlier in the session. U.S. gold futures rose 0.7% to $1,760.70.

  • Gold bound for best month in over 2 years; focus on Powell speech Nov 30, 2022 03:11 PM IST

    Gold bound for best month in over 2 years; focus on Powell speech

    Gold is set for a 7.8% monthly rise, which would be its best since July 2020, and follows a seven-month long losing streak.

  • Commodities LIVE: Will China demand expectation drive metal prices in December too? Nov 30, 2022 01:07 PM IST

    Commodities LIVE: Will China demand expectation drive metal prices in December too?

    Catch today's commodity chat with Manisha Gupta to know how a price surge could impact you!

  • Gold Prices Today: Experts expect precious metals to stay range-bound as investors eye Powell's speech Nov 30, 2022 10:25 AM IST

    Gold Prices Today: Experts expect precious metals to stay range-bound as investors eye Powell's speech

    The current economic scenario and geopolitical tension may support bullion prices. On the technical front, Rs 52500-52400 is a good support zone for gold. We expect prices to trade in a range between Rs 52500 and Rs 53200 levels this week, said Deveya Gaglani of Axis Securities.

  • Gold Prices Today: Yellow metal to remain under pressure following Fed comments, support at Rs 51,500 Nov 29, 2022 10:38 AM IST

    Gold Prices Today: Yellow metal to remain under pressure following Fed comments, support at Rs 51,500

    The focus now shifts to the US consumer confidence data due later today. Weak data may support a bullion rally on the back of a weakening dollar, says Ravindra V Rao of Kotak Securities

  • Gold edges up on dollar dip; Fed policy cues remain key Nov 29, 2022 09:03 AM IST

    Gold edges up on dollar dip; Fed policy cues remain key

    Spot gold was up 0.3% to $1,745.22 per ounce as of 0251 GMT. U.S. gold futures rose 0.3% to $1,745.40.

  • Watch: Elderly woman steals gold necklace worth Rs 10 lakh from Uttar Pradesh store Nov 28, 2022 02:19 PM IST

    Watch: Elderly woman steals gold necklace worth Rs 10 lakh from Uttar Pradesh store

    In the CCTV footage, the woman can be seen checking out gold necklaces at the store before deftly hiding a jewellery box under...

  • Commodities Live: Metals sink, oil prices down to lowest this year; Time to buy?    Nov 28, 2022 01:18 PM IST

    Commodities Live: Metals sink, oil prices down to lowest this year; Time to buy?  

    The price of metals has sunk, while oil has fallen to its lowest level in years. Catch today's commodity chat with commodities analyst Prathamesh Mallya and Karunya Rao!

  • Gold Prices Today: Precious metal prices to remain volatile ahead of the US GDP data, support around Rs 52,920-52,800 Nov 28, 2022 10:18 AM IST

    Gold Prices Today: Precious metal prices to remain volatile ahead of the US GDP data, support around Rs 52,920-52,800

    Manoj Kumar Jain of Prithvi Finmart Commodity Research expects gold and silver to remain volatile this week ahead of the US quarterly GDP data and ADP non-farm employment data and continue to hold their respective support levels.

  • Gold prices edge lower on firmer dollar Nov 28, 2022 06:55 AM IST

    Gold prices edge lower on firmer dollar

    Spot gold was down 0.2% at $1,752.66 per ounce, as of 0016 GMT. U.S. gold futures fell 0.1% to $1,751.80.

  • Gold imports fall 17% in Apr-Oct to $24 billion Nov 27, 2022 12:51 PM IST

    Gold imports fall 17% in Apr-Oct to $24 billion

    Imports of the yellow metal stood at USD 29 billion in the corresponding period of 2021-22.

  • Gold Prices Today: Precious metals to remain range-bound following FOMC minutes, support around Rs 52,500 Nov 25, 2022 10:39 AM IST

    Gold Prices Today: Precious metals to remain range-bound following FOMC minutes, support around Rs 52,500

    Bias in bullion looks positive at the current levels. Technically, the trend in precious metals may remain range-bound to the upside. Gold has support at Rs 52500 and resistance is at Rs 53200. Silver has support at Rs 61500 while resistance is at Rs 62800, said Nirpendra Yadav of Swastika Investmart.

  • Gold Prices Today: Precious metals to edge higher amid weak dollar following Fed meeting minutes Nov 24, 2022 10:25 AM IST

    Gold Prices Today: Precious metals to edge higher amid weak dollar following Fed meeting minutes

    The immediate resistance zone is seen around the Rs 52500 level. Breakout and sustained buying above the mentioned level may push prices higher toward the Rs 53000 level. On the other hand, breakdown below Rs 52300 may drag prices lower toward the Rs 52000 level by this week, said Deveya Gaglani of Axis Securities.

  • Sridhar Vembu says he had 'never heard of FTX' until its recent crisis Nov 23, 2022 02:05 PM IST

    Sridhar Vembu says he had 'never heard of FTX' until its recent crisis

    Sridhar Vembu also said that he would rather invest in gold than in cryptocurrency.

  • Gold Prices Today: Yellow metal to trade lower, may find support at Rs 51,700 Nov 23, 2022 10:07 AM IST

    Gold Prices Today: Yellow metal to trade lower, may find support at Rs 51,700

    Gold prices are trading below 100 EMA on the intraday chart which may intensify the selling pressure on precious metals. Gold has resistance at Rs 52700 and support at Rs 51700, said Nirpendra Yadav, Senior Research Analyst at Swastika Investmart.

  • Gold Prices Today: Yellow metal expected to remain under pressure as investors await Fed meeting minutes Nov 22, 2022 10:21 AM IST

    Gold Prices Today: Yellow metal expected to remain under pressure as investors await Fed meeting minutes

    Manoj Kumar Jain of Prithvi Finmart Commodity Research says gold has support at Rs 52,100-51,920 and resistance at Rs 52,440-52,580, while silver has support at Rs 60,350-59,800 and resistance at Rs 61,100-61,500