India’s gold imports in September 2021 shoot up on price correction ahead of the festive season

India’s gold imports in September soared 658 per cent from last year’s lower base as a correction in local prices to the lowest level in nearly six months prompted jewellers to step up purchases for the upcoming festive season, Reuters reports. Retail demand has been improving and jewellery stores are registering good footfall. Higher imports […]

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Gold price shows biggest monthly drop since 2016 ahead of US jobs data and hawkish Fed stance

Gold price in India reported its biggest monthly decline since November 2016, as upcoming U.S. jobs data and U.S. Federal Reserve kept investors on the sidelines. On Multi Commodity Exchange, August gold futures were trading flat, below the crucial Rs 47,000-mark, at Rs 46,550. In the previous session, gold futures ended at Rs 46,555 per 10 grams. Silver […]

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Gold’s time to shine is not there yet

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Gold prices have fallen by around 18% since their all-time high of $2,074.88/troy ounce reached in August last year.The precious metal has been hovering around $1,700/troy ounce as rising bond yields have tempted investors to switch their bets since the past few weeks. Part of the reason for the waning interest in gold has been […]

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