Many don't know, but India is the world's largest consumer of gold. Time and time again, people try their luck with smuggling gold out of the country. Back in 2013, there was a high tax or duty introduced to the country. The reason for the new tax hike was in a jurisdiction with the government tryin…Read More
Gold and silver prices fall sharply in Indian markets, tracking a decline in global markets. On MCX, August gold futures fell 0.50% to ₹34,347 per 10 gram while October contracts declined 0.6% to ₹35,206. Silver contracts saw a sharper fall, with September contracts on MCX declining nearly 1% to…Read More
High gold prices prompt some Asian consumers to sell back physical gold this week in a hunt for profits. Cheaper silver emerges as a preferred investment. Some investors use temporary price dips to buy, hoping to cash in on a further leg up. Demands remain sluggish in India as prices hold at record …Read More
For gold, it's time to shine. At least, that's what market technicians are saying, and investors are loving it. Higher gold prices have been long overdue, and with tensions rising as we head towards having a new president, prices are going to be all over the place for some time. Gold prices have gai…Read More
There was an increase in gold prices on Friday. There were doubts that the highly anticipated meeting between the United States and China would ease trade tensions, driving bullion to its best month in three-years. Gold has risen nearly 8.3% so far this month, on track for its biggest monthly percen…Read More
Concerns about China's economy and tensions in the Middle East push investors into safe-haven assets on Friday. Gold prices are continuing to climb. The most-actively traded U.S. contract increased 0.1% to $1,344.50 a troy ounce. The rise accelerated after the National Bureau of Statistics released …Read More
If you're searching for a central bank full of gold, begin in Germany and the U.S. According to a data analysis from the International Monetary Fund (IMF), The U.S. owns the most gold of any country. The U.S.'s supply of gold equals 8,133 tonnes, worth more than $373 billion. Germany is in second, w…Read More
Due to firmer demand in the domestic market, gold prices in India flipped into premiums this week. Buyers in top consumer China took advantage of lower bullion prices and increased purchases. Dealers charge a premium of about $1 an ounce over official domestic prices in India. That contrasts with la…Read More
Despite its' current status, gold prices will continue to rise this year, according to a financial executive. Neil Pereira, a principal investment officer of the International Financial Corporation (IFC), states that we've seen gold prices fall in the past year. He believes the significant increase …Read More
Following a U.S. economic report, gold prices are trading modestly higher than expected Friday morning. This suggests recent selling pressure has at least temporarily exhausted the bears, and the yellow metal is due for at least a pause from the decrease. June gold futures were last at $1,274.30, an…Read More