The demand for gold bonds seems to be stemming as gold prices have shot up recently, say experts
This is in sharp contrast to the global gold ETFs which saw inflows of $3.4 billion in May, reversing three straight months of net outflows
The spike in gold demand marks a significant change in trend with gold ETFs previously seeing net redemptions in five of the past six months
Outstanding loans against gold jewellery given by banks rose 82% to Rs 60,464 crore as of March 2021, from Rs 33,303 crore as of March 2020
"Lower interest rates, unstable economic growth and global inflation will push yellow metal higher," said Anuj Gupta, Vice President (VP), Commodity a
India is the world's second-largest consumer of gold and according to a WGC estimate from 2019, Indian households own the world's biggest private stas
The redemption price for the early redemption of SGB Tranche I, issued in November 2015, will be Rs 4,837 per unit of SGB, RBI said
On MCX, gold rose 0.24% to over a four-month high of Rs 48,519 per 10 gram as weaker US dollar and growing inflationary pressures continue to support
Weak US dollar and concerns surrounding inflation are pushing gold prices higher
SEBI has proposed a framework to set up a spot gold exchange in India