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India is the second biggest consumer of gold. But not everyone in India buys gold. Watch Gold Central to know why.
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Retail demand may improve further as more states relax Covid restrictions, allowing consumers wider access to gold purchasing channels, says Kumar
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There is a third option where only the customer pays only the interest at the end of the year and renews the loan for another year
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Jewellers can also continue to buy back old gold jewellery from customers even if they don’t have a hallmark, the government stated
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Gold and silver prices: Gold prices traded marginally down with spot gold prices at COMEX trading at USD 1,778 per ounce
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In New Delhi, price of 24-carat gold fell by Rs 1,500 to Rs 50,300 from Rs 51,800 per 10 gm while in Kolkata. it decreased by Rs 1,300 to Rs 47,800
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Typically one should have around 5-10 percent of total investments in gold. It is better not to overexpose oneself to gold
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"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
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Gold prices may remain under pressure but higher inflation will protect the downside, say experts
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The central bank also observed that currency holding among the public declined during the second wave
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