Gold demand in the world's second-biggest consumer of the precious metal could stand between 700 and 750 metric tons in 2024, the lowest since 2020 and down from last year's 761 tons
Total demand for gold, including opaque OTC trading, rose 5 per cent to 1,313 tons, a record for a third quarter, the WGC said
Gold prices today: Spot gold hit a fresh record high of $2,773.53 on October 29, 2024. Buying the dips is the preferred strategy
In the last five years, RBI gold reserves have increased from 618 metric tonnes to 854 metric tonnes
Indians were celebrating Dhanteras on Tuesday, a day considered auspicious for buying gold and one of the busiest gold-buying days in India
U.S. gold futures gained 0.2% to $2,760.80
As of end-September, the Reserve Bank of India (RBI) held 854.73 metric tonnes of gold, compared to 822.10 metric tonnes at the end of March
Gold is a stable asset and it symbolises wealth, and prosperity. Diamonds' appeal is in rarity and uniqueness
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Dhanteras 2024: Quick commerce platforms are offering 10-min delivery of gold from major jewellers including Tanishq and Malabar amid the festive rush
The price of 22-carat gold also witnessed a drop of Rs 10, with ten grams of the yellow metal selling at Rs 73,140
This forecast comes as silver has already demonstrated remarkable growth in 2024, achieving gains of over 40% and surpassing the Rs 100,000 mark domestically
Gold has returned 23%, compared to 15% for the Nifty
The price of 22-carat gold also witnessed a rise of Rs 10, with ten grams of the yellow metal selling at Rs 72,960
Gold Rate Today: Gold is well supported on the US deficit concerns as the US deficit is likely to increase irrespective of the US presidential election results
Price of ten grams of 24-carat gold in Mumbai is Rs 79,460 which aligns with prices in Kolkata, Bangalore, Chennai, and Hyderabad
As emerging markets continue to face volatility and economic uncertainty, could gold's consistent outperformance signal a long-term trend?
Price of ten grams of 24-carat gold in Mumbai is Rs 80,080 which aligns with prices in Kolkata, Bangalore, Chennai, and Hyderabad
Gold prices jumped by Rs 500 to an all-time high of Rs 81,500 per 10 grams while silver surged Rs 1,000 to Rs 1.02 lakh per kg
Industry experts predict a 10-12 per cent decline in sales volume compared to last year's Dhanteras