Gold demand in the country increased by 19.2% to 76.1 tonne during the April-June quarter this year, largely due to low base effect, according to WGC
Asian gold ETFs have led global growth in percentage terms, adding more than 13% in 2021, says World Gold Council
Experts advise borrowers to take gold loan if it is for funding short-term working capital needs and to cover up for a stretched payment cycle
While the near term trend may be subdued, we have advised investors to buy on dips as the long term outlook for gold remains bullish
Experts expect that gold may test $1,720-$1,730 levels and in the domestic market, it may test Rs 45,800 to Rs 46,000 levels
Experts advise investors to buy gold on declines as the long term outlook remains bullish
Retail demand may improve further as more states relax Covid restrictions, allowing consumers wider access to gold purchasing channels, says Kumar
Jewellers can also continue to buy back old gold jewellery from customers even if they don’t have a hallmark, the government stated
"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
Gold prices may remain under pressure but higher inflation will protect the downside, say experts