Tag: gold

Economic data later this week could influence monetary policy, while tensions in the Middle East are heightening gold's appeal as a safe haven.
Posted in Business

Gold steady near record high. Will yellow metal continue to shine this week?

Sep 23, 2024 08:30 AM IST Gold remains near record levels, trading at $2,621.11 an ounce amid expectations of further Federal Reserve rate cuts. Gold…

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Growfast
Posted in Economy

India’s forex reserves hit a fresh high of $689.46 billion

India’s forex reserves jumped by $223 million to hit a fresh all-time high of $689.46 billion for the week ended September 13, the Reserve Bank…

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The logo for Goldman Sachs is seen.(Reuters)
Posted in Business

Should you invest in gold? Goldman Sachs says ‘go for it ‘ because of China

Goldman Sachs believes gold has the highest potential for a near-term price hike due to its status as a preferred hedge against risk, while weak…

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History Supreme, the world's most expensive superyacht (Source: The Sun)
Posted in Business

The world’s most expensive superyacht has walls made of T-Rex bones and is worth nearly £4 billion

The world’s most expensive superyacht named History Supreme is worth about £4 billion and has gold-plated sides and walls made of T-Rex bones, but is…

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Commodities trading guru and hedge fund manager Jim Rogers (Reuters Photo)
Posted in Business

‘Indian women wear unbelievable’ amounts of gold and silver’: Jim Rogers | Trending

Veteran investor Jim Rogers says he learned a lot about gold and silver from Indian markets. “I would go to Indian markets and I would…

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Government notifies 160 tons of gold import from UAE at concessional rate this fiscal under trade pact
Posted in Economy

Government notifies 160 tons of gold import from UAE at concessional rate this fiscal under trade pact

The government has notified the import of up to 160 tonnes of gold by manufacturers and traders from the UAE at a concessional rate for…

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Spot gold was up 1.3% to $2,487.66 per ounce by 09:30 a.m. EDT (1330 GMT) (Representational Image/Unsplash)
Posted in Business

Gold hits record high on softer dollar, rate cut hopes, Middle East tensions

Gold prices rose to an all-time high on Friday as a cocktail of factors ranging from a weaker dollar, growing expectations for a U.S. interest-rate…

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Withdraw duty cuts on gold, jewellery, review trade with UAE: GTRI
Posted in Economy

Withdraw duty cuts on gold, jewellery, review trade with UAE: GTRI

NEW DELHI: Think tank Global Trade Research Initiative (GTRI) on Friday suggested a withdrawal of duty concessions on platinum, silver, diamonds, gold jewellery, and tweaking…

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China, one of Asia’s biggest consumer of gold besides India, seems to be turning its back to the yellow metal (HT)
Posted in Business

China’s gold jewellery demand falls as international gold prices rise as global central banks buy gold

Jul 29, 2024 10:44 PM IST Hong Kong jeweller Chow Tai Fook reported a 20% year-on-year decline in sales and a 26% fall in same…

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Gold prices on the MCX traded higher on Monday, July 29, after dropping more than 4% overall in July (Representational Image/Unsplash)
Posted in Business

Should you buy gold after recent price drop following Union Budget 2024?

Gold prices on the MCX traded higher on Monday, July 29, after dropping more than 4% overall in July. The fall was primarily due to…

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