Gold Exchange

Strong outlook for gold, absence of SGB issuances also among factors

Spot gold surged on Thursday to two week-high level of $2,366 on the Fed rate cut bets. The rate cut speculation gained currency as the Swiss National Bank cut interest rates for the second time

The MCX Gold August contract was down by 0.11 per cent at its LTP of Rs 72,193. Risk appetite remains weak as wider markets swoon

High oil prices would be detrimental; use any correction to build 5-15% allocation

Between October 2021 and September 2022, gold prices rose over 9.5 per cent even as ETF inflows shrunk to a half

Gifts from employer become taxable once their value exceeds Rs 5,000; bonus is also taxable

The latest bout of outflows come amid a sharp surge in the equity markets

How will the IIBX at GIFT City benefit India?

On July 29, PM Modi launched India's first bullion exchange at Gujarat's GIFT City. Experts believe it will usher in transparency in the gold's price-setting mechanism. Here is more about the exchange

The India International Bullion Exchange is expected to attract dealers, refineries and foreign banks, Chief Executive Officer Ashok Gautam said

India's International Bullion Exchange (IIBX) will be open for jewellers with a net worth of Rs 25 crore and above to participate

Investors are likely to continue to invest in gold ETFs as a means to diversify their portfolio and hold gold ETFs as a hedge against market risks

This comes after the board of Sebi cleared a proposal in September for setting up a gold exchange

Blockchain could be the technology backbone to ensure transparency and proper record-keeping

MCX, BSE and NSE are together setting up a spot exchange in the GIFT City

Spot gold exchange - New investment avenue for Indians?

Sebi has approved guidelines for setting up of spot gold exchanges. Let us take a look at how the exchange would work and how it compares with other gold instruments

Sebi on Monday proposed an elaborate framework for setting up a gold exchange wherein the yellow metal will be traded in the form of electronic gold receipts

The Sebi board is set to discuss the structure and challenges while setting up a spot gold exchange as proposed in the Union Budget last week

The government on Monday said capital market watchdog Securities and Exchange Board of India (Sebi) will be the designated regulator for gold exchanges

For a nominal transaction fee, sellers can receive the maximum value of gold as a direct bank transfer or in the form of a gold bar with 9999, 999 and 995 purity, the bullion refiner said

Currently, transaction in paper gold is available in the form of exchange-traded fund