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"Gold prices traded near a five-month high scaled last week, supported by a softer dollar"
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Experts believe that gold has good legs remaining and could cross the Rs 50,000 mark and move much higher in the coming months
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India is the world's second-largest consumer of gold and according to a WGC estimate from 2019, Indian households own the world's biggest private stash of gold at about 25,000 tonnes
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The redemption price for the early redemption of SGB Tranche I, issued in November 2015, will be Rs 4,837 per unit of SGB, RBI said
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In the international market, gold was trading with gains at $1,908 per ounce and silver was flat at $28.07 per ounce
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Institutional investors are switching out of Bitcoin and are instead returning to gold, for the first time in six months, JP Morgan said in a note to its clients
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Gold hallmarking is a purity certification of the precious metal and is voluntary in nature at present
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On MCX, gold rose 0.24% to over a four-month high of Rs 48,519 per 10 gram as weaker US dollar and growing inflationary pressures continue to support gold prices
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Gold saving funds and gold ETFs have seen net inflow to the tune of Rs 184 crore and Rs 680 crore, respectively in the month of April.
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He said SGB is one of the best options if an investor is looking to invest in the yellow metal