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"Gold prices traded lower with spot gold prices at COMEX (New York-based commodities exchange) trading down to $1,726 per ounce on Tuesday," said Tapan Patel, HDFC Securities, Senior Analyst (Commodities)
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For investment purpose, buyers must prefer 24K gold bar or coins instead of jewellery, experts suggest
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Gold should be 5-10% of one's investment portfolio as it can provide stability in uncertain times, say experts
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According to the Amfi data, investors put in a net sum of Rs 6,919 crore in 14 gold-linked ETFs in the just-concluded financial year, much higher than the Rs 1,614 crore invested in 2019-20
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Though sales in February and March were brisk, jewellers are viewing the price rise since end-March to be a spoiler
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Given the problems associated with physical gold, investors have now started moving towards digital gold i.e. gold ETFs, gold mutual funds, or sovereign gold bonds
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Public sector banks offer the cheapest rate of interest, while NBFCs score with wide network and prompt service to grab a bigger slice of the market, especially in the semi-urban and rural markets
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Silver is often considered as gold's poor cousin, even though its price usually moves in tandem with the latter
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On the outlook on gold prices, experts say the prices may test Rs 50,000 again this year
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The import in January-March quarter was at a record 321 tonnes, up 159% from 124 tonnes in the same period a year ago