Gold Rush
Goldman Sachs sees gold at $3,150 per ounce, oil at $100 a barrel in 2025
Thus far in calendar year 2024 (CY24), Brent crude oil prices hit a low of around $69 a barrel before breaching the $91 a barrel mark in April 2024 as geopolitical concerns rose
 "Goldman Sachs sees gold at $3,150 per ounce, oil at $100 a barrel in 2025")
Fintech firms capitalise on digital gold rush this festive season
Firms store physical gold in vaults to back up the accumulated gold stored digitally in a user's account
 "Fintech firms capitalise on digital gold rush this festive season")
India's gold demand drops 5% in June quarter; up 14% in value term: Report
Gold demand India: Gold prices, meanwhile, surged 18 per cent year-on-year (YoY) in the June 2024 quarter to $2,338.2 an ounce (oz), and were up nearly 13 per cent when compared with the December 2023
 "India's gold demand drops 5% in June quarter; up 14% in value term: Report")
Global gold ETFs lose $6.7bn in 2024; worst H1 drop in 11 years: WGC
WGC defines gold ETFs as regulated securities that hold gold in physical form. These include open-ended funds traded on regulated exchanges and other regulated products like closed-end funds and MFs
 "Global gold ETFs lose $6.7bn in 2024; worst H1 drop in 11 years: WGC")
RBI bought 19 tonnes of gold in March qtr. What fuelled the buying spree?
The RBI net demand totaled 290 tonnes in the March 2024 quarter, up 1 per cent as compared to 286.2 tonnes in the March 2023, strongest start to any year on record, World Gold Council (WGC) said.
 "RBI bought 19 tonnes of gold in March qtr. What fuelled the buying spree?")
Gold price rises Rs 10 to Rs 73,320, silver climbs Rs 100 to Rs 86,600
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 73,160
 "Gold price rises Rs 10 to Rs 73,320, silver climbs Rs 100 to Rs 86,600")
Gold price rises Rs 170 to Rs 63,440, silver declines Rs 200 to Rs 76,300
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 63,440
 "Gold price rises Rs 170 to Rs 63,440, silver declines Rs 200 to Rs 76,300")
India logs Dhanteras gold rush, jewellery sees 595% jump in orders: Report
India Witnesses the Dhanteras Gold Rush, Jewelry Sees a 595 percent Increase in Orders During the Diwali Season: Razorpay Festive Report
 "India logs Dhanteras gold rush, jewellery sees 595% jump in orders: Report")
Gold jewellery demand in India likely to dip in H2: World Gold Council
At the global level, the demand for gold (excluding OTC) was 8 per cent lower y-o-y at 948 tonnes. Combined with Q1-2022, the total demand in the first half of 2022 came in at 2,189t, up 12 per cent
 "Gold jewellery demand in India likely to dip in H2: World Gold Council")
Gold rush 2020: ETFs now hold more yellow metal than any central bank
Total fees for the top 10 gold ETFs, based on current prices and holdings, are about $610 million a year, according to a Bloomberg News calculation
 "Gold rush 2020: ETFs now hold more yellow metal than any central bank")
How some financiers are benefiting from India's shadow banking crisis
Many shadow lenders have been effectively shut out of the nation's credit market as the more than 15-month-old banking crisis raises investor wariness about the financiers' ability to refinance debt
 "How some financiers are benefiting from India's shadow banking crisis")
Gold rallies Rs 220 to Rs 39,240 per 10 gram in Delhi-NCR on Dhanteras
Silver also witnessed buying as it rose Rs 670 to Rs 47,680 per kg from Rs 47,010 per kg in the previous trade
 "Gold rallies Rs 220 to Rs 39,240 per 10 gram in Delhi-NCR on Dhanteras")
How the gold rush of the 19th century shaped the modern-day world
Between Sutter's Mill in January 1848, and the Klondyke (in remote Northwestern Canada) in the late 1890s, the 19th century was regularly subject to gold rush
 "How the gold rush of the 19th century shaped the modern-day world")
