Page 8 - Gold Trade

Buying gold this Diwali? Options for investment and their tax implications

Whether you want to diversify your portfolio or celebrate the festive season by gifting gold, it's essential to understand the various investment options and their associated tax implications

Elevated local prices dent gold demand in India, dealers offer discounts

In China, premiums over global spot prices were quoted at $25-$40 per ounce, little changed from last week

Inflow into Gold ETFs dips to Rs 175 cr in Sept after hitting 17-month high

The quantum of inflow into gold exchange-traded funds dropped to Rs 175 crore in September after hitting a 17-month high in the preceding month, owing to profit booking. Apart from the inflows, the asset base of Gold Exchange Traded Funds (ETFs) also decreased in the period under review, as per the data from the Association of Mutual Funds in India (Amfi). "With a continued hike in interest rates in the US, inflation still higher than expectations, and the growth rate slowing down, the appeal of gold as a safe haven and hedge against inflation is expected to continue," Melvyn Santarita, analyst and manager of research at Morningstar Investment Adviser India, said. According to the data, gold-linked ETFs saw an inflow of Rs 175.3 crore last month as compared to Rs 1,028 crore in August. The inflow stood at Rs 456 crore in July. Prior to that, Gold ETFs saw an inflow to the tune of Rs 298 crore during the April-June period after three quarters of consecutive outflow. The category sa

Attack on Israel may boost appeal of gold, safe haven assets, say analysts

The Hamas attack was openly praised by Iran and by Hezbollah, Iran's Lebanese allies

Gold extends slide as hawkish Federal Reserve, firm dollar dominate mood

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

Gold firms with focus on Fed meeting; US 5-year yield highest since 2007

The dollar index eased from a six-month peak against its rivals, making gold less expensive for other currency holders

Inflows into gold ETF hit 16-month high at Rs 1,028 crore in August

Gold exchange-traded funds (ETFs) attracted Rs 1,028 crore in August, making it the highest inflow in 16 months, amid continued hikes in interest rates in the US, which led to a slowing down in growth rate there. With this, the year-to-date inflow in the category has reached more than Rs 1,400 crore, data with the Association of Mutual Funds in India (Amfi) showed. Apart from inflow, the asset base of Gold ETFs and investors' account or folio numbers increased in the period under review. According to data, gold-linked ETFs have seen an inflow of Rs 1,028 crore in August. This came following an inflow of Rs 456 crore in the segment in July. Before that, Gold ETF saw inflow to the tune of Rs 298 crore during the April-June period after three quarters of consecutive outflow. The category saw a withdrawal of Rs 1,243 crore in the March quarter, Rs 320 crore in the December quarter, and Rs 165 crore in the September quarter. The month of August witnessed the highest monthly inflow into

India's gold imports surges 40%, threatens to blow out trade deficit

The value of inbound gold shipments grew to $4.9 billion in August from $3.5 billion a year earlier, according to a person familiar with the matter

Gold prices rise to reach Rs 60,160, silver prices unchanged at Rs 77,600

The price of ten grams of 24-carat gold in Delhi, Bengaluru, and Chennai is Rs 60,310, Rs 60,160, and Rs 60,490, respectively

Gold prices rise to reach Rs 59,670, silver appreciates to Rs 77,100

The price of ten grams of 24-carat gold in Delhi, Bengaluru, and Chennai is Rs 59,820, Rs 59,670, and Rs 60,220, respectively

Use price dips for 10% allocation as gold continues to lose lustre

Use price dips to build a 10% allocation to gold

Strong dollar drags gold to over 1-month low after mixed US inflation data

Spot gold was down 0.3% at $1,907.40 per ounce by 02:47 p.m. EDT (1847 GMT), after hitting its lowest since July 6. U.S. gold futures settled 0.1% lower at $1,944.00

Gold, silver prices remain unchanged, yellow metal trading at Rs 601,60/10g

The price of 22-carat gold was also unchanged at Rs 55,150.

Gold price remains stable at Rs 60,160, silver price unchanged at Rs 78,000

The price of 22-carat gold remained flat, with the precious metal selling at Rs 55,150

Gold rebounds from 3-year low: Is it still a good time to invest?

Gold price advanced as geopolitical concerns surrounding Russia brought safe haven buying in the metal. Meanwhile, hawkish interest rate outlook in western economies restricted its further gains

Pink wads crawl out of woodwork amid the rush to dump Rs 2,000 notes

Surge in demand for gold, victuals, even as most sellers across the country decide not to argue with purchasers and accept Rs 2,000 notes

Rs 2,000 note: Hawala rate at Rs 91 for $; exchange for gold at Rs 70K

Hawala rate for the greenback surges to around Rs 91

Indian gold dealers trim discounts as price dip reignites some buying

Local gold prices were trading around 59,900 rupees per 10 grams on Friday after hitting a record high of 61,845 rupees earlier this month

Gold declines Rs 325 to Rs 60,925 per 10 gram; silver dips by Rs 965

Gold prices traded higher in Asian trading hours on Monday as the yellow metal got support from weaker US dollar

Gold rallies Rs 940 to record high of Rs 62,020; silver zooms Rs 660

Gold prices rallied Rs 940 to a lifetime high of Rs 62,020 per 10 grams in the national capital on Thursday amid strong global trends, according to HDFC Securities. The precious metal had settled at Rs 61,080 per 10 grams in the previous trade. Silver also zoomed Rs 660 to Rs 76,700 per kg. Gold prices in the domestic market climbed to record high following overnight gains in the international market, Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said. In the overseas market, both gold and silver were trading higher at USD 2,039.50 per ounce and USD 25.50 per ounce, respectively. Gold prices traded up in Asian trading hours on Thursday as dollar and bond yields dropped after the US Fed signalled a pause in policy tightening from the next meeting after hiking the benchmark interest rate by 25 basis points, Gandhi said.