Bullion hit a record in August as investors feared an unprecedented wave of stimulus by central banks and governments would lead to currency debasement and inflation. Gold posted the biggest annual advance in a decade after a tumultuous year, with gains
7th December, Mumbai: The Gem and Jewellery sector have shown signs of green shoots of exports after a long pandemic struggle of over 8 months. The November 2020 gross exports of Gems & Jewellery reported USD 2.48 Bn a mere
2020 has been one big roller-coaster ride for the gold market, and while volatility is expected, one bank sees bigger upswings next year. In its 2021 outlook, analysts at CIBC said that they see gold prices averaging the year around
“Weakness caused by COVID-19 was compounded by record gold prices: Q3 demand fell 29% YoY to 333t. While China and India accounted for the largest volume declines, weakness was global,” said WGC. Mumbai: Indian demand for gold jewellery shrank 48% year-on-year (YoY)
In New Delhi, prices of 22-carat gold plunged sharply to Rs 51,250 from Rs 51,700 per 10 gram in the previous trade while price of 24-carat was at Rs 54,870 Gold prices continued its decline for the sixth day falling to
With contracting global output, global economies in a deeper recession than anticipated, and dearth of good returns in many other asset classes, gold has emerged as a safe bet for investors across the globe. With contracting global output, global economies
A strong global demand for gold, along with a depreciating rupee, helped the yellow metal to breach the Rs 50,000-per-10gm mark in Mumbai’s retail market on Wednesday. This is the first time the price of the precious metal, with which Indians associate
Gold prices in India fell after rising near record highs in early session. On MCX, August gold futures were down ₹50 to ₹48,250 per 10 gram after rising to ₹48,462 at day’s high. Silver futures on MCX were flat at ₹49,245 per kg. Last
There is no denying that there are many potential geopolitical and economic risks, which, if they play out, bode well for gold Gold prices surged to an eight-year high of $1,768.41 per ounce (oz) last week. This coincides with the
Gold rates today: On MCX, prices hit a new high of ₹48,289 per 10 gram. A woman walks past a poster outside a jewellery shop in Kolkata. Gold prices in India today extended gains, hitting a new high amid a global
