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In New Delhi, price of 24-carat gold fell by Rs 1,500 to Rs 50,300 from Rs 51,800 per 10 gm while in Kolkata. it decreased by Rs 1,300 to Rs 47,800
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Typically one should have around 5-10 percent of total investments in gold. It is better not to overexpose oneself to gold
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"Prices are also correcting in physical market as there is no demand. We are advising people to wait for lower levels to buy," said Anuj Gupta, IIFL
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Gold prices may remain under pressure but higher inflation will protect the downside, say experts
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The central bank also observed that currency holding among the public declined during the second wave
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Only 30% of gold jewellery made in the country is hallmarked. The government has urged all jewellers to register with the Bureau of Indian Standards.
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Gold hallmarking: To ensure jewellers adapt to the new system, the government has decided not to impose a penalty on jewellers for only three months
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Gold hallmarking: However, watches, fountain pens and special types of jewellery will be exempted from hallmarking
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Retailers urge for extended business hours as several states go on unlock mode
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Despite the drop in inflow, AUM of gold ETFs rose by over 6% to Rs 16,625 crore at May-end, against Rs 15,629 crore at April-end