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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
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The safest bet is to sell the gold jewellery from the jeweller you purchased from
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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
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Now banks are offering gold loan at attractive rates of 7% to borrowers
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Gold investment: One of the key drivers of gold prices nowadays is the negative real yields on bonds in a low interest rate regime
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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
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The Centre has mandated jewellers to mention the hallmarking charges of each piece of jewellery separately in the bill
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It is perceived that evolving regulatory frameworks may change the value proposition of cryptocurrencies
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"Lower interest rates, unstable economic growth and global inflation will push yellow metal higher," said Anuj Gupta, Vice President (VP), Commodity and Currency Research at IIFL Securities
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Gold loan-focused non-banks like Manappuram Finance have auctioned a record 1 tonne, worth Rs 404 crore, of the pawned gold in the last quarter of 2020-21