Given its record of returns, gold is considered as one of the best-performing asset classes
Analysts believe the lower prices of gold and silver in physical markets is expected to push demand further.
The precious metal had closed at Rs 44,236 per 10 grams in the previous trading session
Gold prices have declined by over ₹12,000 per 10 gram from its highs of Rs 56,200 in August 2020
The precious metal had closed at Rs 44,976 per 10 grams in the previous trading session
The precious metal had closed at Rs 45,439 per 10 grams in the previous close
Weigh the pros and cons before investing in sovereign gold bonds
The issue price for series-XII of the sovereign gold bond 2020-21 has been fixed at Rs 4,662 per gramme
"Spot gold prices for 24 karat gold at Delhi traded up by Rs 337 reflecting overnight gains in global gold prices," said Tapan Patel, HDFC Securities
Following the announcements, gold futures fell more than Rs 900 at 1.84% and is currently trading at Rs 48,430.