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
Spot gold gained 2.1% to $5,390.38 an ounce as of 1050 GMT, after hitting a more than four-week high earlier in the session. The metal touched a peak of $5,594.82 on January 29.
Gold and silver prices remain supported by heightened geopolitical tensions involving the US, Israel and Iran that are driving safe-haven demand for precious metals.
Gold loans are fast and familiar. But they work best in very specific situations and can backfire outside them.
David Tait highlighted regulatory change as a potential turning point for the metal’s status in the financial system.
While gold-backed digital assets such as stablecoins and tokens are gaining attention globally, ETFs remain the dominant investment route for gold in India, said David Tait, chief executive officer of the World Gold Council, at the Rising Bharat Summit 2026.
central banks worldwide are expected to continue increasing their gold reserves, with India still catching up with Western central banks in terms of gold accumulation, said David Tait, chief executive officer of the World Gold Council, at the Rising Bharat Summit 2026.
By widening the list of permitted assets, the regulator has given equity funds a broader toolkit that already includes money market and other liquid securities
Spot gold has risen by about 20% this year, hitting a three-week high of $5,248.89 an ounce on Tuesday. It hit a record peak of $5,594.82 on January 29
Sitharaman was speaking during the press briefing after addressing the RBI Central Board on February 23
Silver ETFs rose sharply by as much as 6 percent on Monday, as safe haven demand rose after the United States Supreme Court struck down President Donald Trump's broad tariffs. Gold ETFs also rose by over 2 percent, tracking the underlying bullion prices.
The city of Osaka received 21 kg of gold, approximately $3.6 million, aimed at fixing ageing water pipes and safeguarding infrastructure for the future.
Gold feels safe and emotional, but it may not always be the smartest way to fund big future expenses.
MCX said the 3 percent additional margin on all gold futures contracts and the 7 percent additional margin on all silver futures contracts have been removed with effect from February 19. The exchanges had introduced the additional margins as a risk management measure.
Kotak noted that continued large inflows into gold ETFs, along with strong physical gold imports, “may pose challenges to India’s CAD.” It added that “any reversal in recent FPI inflows to outflows may weigh on India’s BoP” and that large current account deficits and capital outflows “will complicate reserve money creation, domestic liquidity and deposit creation.”
Under the trade agreement with the UAE, tariff concessions on precious metals contributed to a sharp rise in Indian imports, raising concerns over domestic market disruption
Overall, gems and jewellery imports, at $15.3 billion in January, drove merchandise imports up 19% from a year earlier
Gold prices have turned choppy following their sharp swings in early 2026, but the broader structure still appears constructive, an analyst said.
Spot gold fell 1.1% to $4,988.04 per ounce by 0359 GMT. U.S. gold futures for April delivery lost 0.8% to $5,006.60 per ounce.
Bengaluru police arrested a bank assistant manager for allegedly stealing 2.7 kg of gold worth Rs 4 crore from customer lockers.
A 10-year-old girl drew attention after investing her Lunar New Year gift money in gold three years ago, a decision that has since proven highly profitable.
Spot gold was up 0.6% at $4,949.99 per ounce as of 0626 GMT, but has lost 0.2% so far this week. U.S. gold futures for April delivery climbed 0.4% to $4,968.0 per ounce
Gold and silver offer diversity to a portfolio but the way you invest will shape costs, liquidity and outcomes
Bullion climbed as much as 0.6% after closing lower on Tuesday
Investors shifted from underperforming equities to bullion, though experts warn against chasing recent returns at elevated gold prices.
The recent volatility in silver prices and leveraged positions have led to some investors lowering their exposure. Retail investors should evaluate their own positions