Gold
Gold Reaches All-Time High of ₹8,432 per Gram Amid Geopolitical Uncertainties
According to experts, gold prices reached a record high because it is driven by safe-haven demand following China's reaction to US tariffs, which President Donald Trump had first imposed on the world's largest consumer of gold.
Gold Surges by Rs 400, Crossing the Rs 85,000 Mark
At HDFC Securities, gold futures spurted Rs 400 to touch new all-time peak of Rs 74,100 per 10 grams in the national capital today. It had ended at Rs 73,700 per 10 grams the previous day.
Gold Prices Reach Record High Amid Global Uncertainties
According to All India Sarafa Association, on Friday, the price of 99.9 per cent pure gold hit an all-time record high at Rs 83,100 per 10 grams compared to Thursday's price at Rs 82,900.
Gold Futures Rise by Rs 151 to Rs 77,637 per 10g
Gold contracts for February delivery traded higher by Rs 151 or 0.19 per cent at Rs 77,637 per 10 grams in a business turnover of 13,363 lots at the Multi Commodity Exchange today.
Gold Drops by Rs 50 to Rs 77,750 per 10 gm; Silver Rises by Rs 1,200
On Tuesday, the yellow metal of 99.9 per cent purity had closed at Rs 77,800 per 10 grams.
Gold Prices Drop to Rs 77,000 per 10 Grams; Silver Falls Below Rs 91,000 per Kg
According to IBJA, 24-carat gold prices dropped to Rs 77,030 per 10 grams. 22-carat gold price stands at Rs 75,180 per 10 grams and 20-carat gold is available at Rs 68,550 per 10 grams.
India's Forex Reserves Reach $684.8 Billion as Gold Reserves Increase
The central bank said the gold reserves, that are a part of the foreign exchange kitty, had increased to $68.53 billion in the week ended 5 May from $67.45 billion.
India's Foreign Exchange Reserves Reach $688 Billion as Gold Reserves Increase
In addition, gold now serves as a safe haven against US economic sanctions. Historically, gold is a safe haven asset and has served as a hedge against inflation. And yet, gold has risen to unprecedented levels even though inflation continues to be subdued.
Survey Reveals 7 Out of 10 Indians View Gold as a Safe Asset
As per the Moneyview survey, "over 85 per cent of the 3,000 respondents consider gold a valuable asset for wealth preservation, with its intrinsic value and historical performance continuing to drive consumer confidence.".
Gold's Share in India's Forex Reserves Rises Over 209% Since 2018
India's gold reserves stand at $65.76 billion as on October 4, compared to $21.15 billion as on December 7, 2018, according to the data made available by the Reserve Bank of India (RBI). Shaktikanta Das assumed the RBI office in December 2018.
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