Investors infused Rs 16 crore in gold exchange-traded funds (ETFs) in 2019, after pulling out money from safe-haven assets in the past six years, on fears of a slowdown in the global market and volatility in equity and debt markets. Going ahead, the segment is likely to gain more traction from investors due to the […]
In the first eight months of FY20, exports of cut and polished diamonds fell 19.4 per cent. This kept the overall gems and jewellery exports lower by 5.8 per cent at $25.5 billion. Polished diamonds and coloured gemstones were big underperformers in this basket. But gold and silver jewellery as well as synthetic gemstones have shown positive trends. Industry […]
India’s gold imports in 2019 fell 12 per cent from a year ago to the lowest level in three years as retail buying faltered in the second half after local prices rallied to a record high, reports Reuters. Lower buying by the world’s second biggest consumer of the precious metal could weigh on global prices that jumped […]
The year 2019 has been a rollercoaster ride for commodities market, however, we are ending on a promising note. Reuters/CRB commodities index has gained 10 per cent this year, the highest since 2010. Palladium tops the list of gainers and has risen more than 55 percent. Some of the other best performing commodities which have […]
Gold is set to remain more expensive in the New Year as continuing geopolitical tremors, economic woes and rupee volatility are expected to push the yellow metal even to Rs 45,000 for 10 gram, says a PTI report. Thanks to various government policies and soaring stock market, gold witnessed periodic as well as steep price fluctuations in […]
The price of silver jumped 8 per cent in both domestic and international markets on the back of a sharp rise in industrial demand ahead of the Chinese New Year celebrations on January 25, 2020. Silver traded at $17.9/oz at the London spot market on Thursday, recording an 8.2 per cent jump from its recent low about […]
Amid rising inward shipments of gold, the government has imposed restrictions on import of precious metals. According to a notification issued by the Directorate General of Foreign Trade (DGFT), import of gold in any form has been placed in “restricted” category from the “free” category. “Import policy of gold in any form, other than monetary […]
In its latest global industry overview, Fitch analysts maintain a bearish outlook on metal prices as trade tensions and a weak demand outlook remain “firmly in place.” Fitch says among key themes for 2020 are ongoing macroeconomic risks and weak demand, which will keep prices suppressed over the year. The firm forecasts prices for most metals to […]
Gold dealers in India have been offering a discount due to plentiful supplies and slack demand during the wedding season, with other regions in Asia expecting improvement in buying ahead of the Christmas and Chinese New Year festivities. According to a Reuters report, dealers in India offered a discount of up to $2 an ounce […]
Palladium soared to a record high last week, fuelled by speculative interest and tight supplies of the autocatalyst metal, briefly surpassing bullion, which scaled to more than a five-week peak as the dollar slid. Palladium rose for a 15th day, heading for its longest run of gains on record and exceeding the highest-ever price of […]
