Taxing FIIs on their gains, who face forex risks, and have no tax set-off available in their home country is a big mistake that the government is making, said Sami Arora at BS Manthan.
Gold rally is being driven more by subdued yields and US Dollar Index rather than safe haven demand
Market Outlook 2025: For an investor with moderate risk appetite, they say an ideal portfolio for 2025 would mean investing 50% of his/her corpus in large-caps, followed by 35% in gold and 15% in debt
This review exercise must be undertaken to restore the portfolio's risk profile to its original level
Gold - which set a record above $2,782 an ounce in Wednesday's trading - has registered gains every month this year, apart from a minor pullback in January, and in June, when prices were flat.
75% of respondents under the age of 35 prefer digital gold, citing its liquidity and convenience as major factors
The yellow metal may struggle if interest-rate cuts in the US are not significant, and the US economy remains stronger than expected
Stock market strategy: Equities, analysts said, have priced-in most positives and are likely to adjust to the fundamentals now with growth in earnings needed to justify high valuations
A soft US nonfarm payroll report will be positive for gold as it will increase the possibility of a rate cut happening as early as in July
This week we report about gold as a safe asset and the design needed to set up your own bar
Potential rate cuts in the US this year could boost gold's performance
Gold, considered a safe-haven asset, offers a compelling investment prospect, especially in periods of increasing inflation and unforeseen market turbulence
Gold's positive performance has come after a rollercoaster ride
The U.S. Labor Department's Job Openings and Labor Turnover Survey (JOLTS) report is expected at 1400 GMT. The September non-farm payrolls data is due on Friday
Jefferies estimates the structural flows from retail to the equity markets at around $30-35 billion per annum
The rise in allocation in gold is mainly owed to the significant returns it has given in the past few years
Analysts hope the recovery in the metal's prices will continue, but the movement of the dollar-rupee rate could limit the gains for Indian investors
Analysts' target prices also indicates good upside for gold financiers
Those who desire liquidity should opt for a gold ETF having low expense ratio and high volume