India is the largest importer of gold, which mainly caters to the demand of the jewellery industry
Experts feel persisting risks due to coronavirus, inflation concerns and expectations that ECB may maintain a dovish stance are supporting gold price
The tenure of the bond is for a period of 8 years with an exit option after the fifth year to be exercised on the next interest payment dates
Analysts feel that having a bit of gold in the portfolio can help provide stability in the current situation by cushioning the downside
Under the terms of the agreement, both the partners will jointly fund a multi-media marketing campaign that would aim to increase awareness.
Local Gold markets tracked cues from the Indian rupee as the domestic currency fell against the dollar
While some who invested last year may be showing negative returns on their gold holding, it might not be wise to dump the yellow from your portfolio
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 advise investors to buy gold on declines as the long term outlook remains bullish
Gold and silver prices: Gold prices traded marginally down with spot gold prices at COMEX trading at USD 1,778 per ounce