Gold prices have skyrocketed this year, due to the panic generated by the Covid-19 pandemic. The metal is trading at $2050 an ounce now, up 33 per cent year-to-date, outpacing all other asset classes. Investors and hedge fund managers are queueing up to buy gold in the futures and ETF markets, and this is pushing …
***GOLD*** Properties of gold as a metal include that it does not rust or corrode, is malleable, and has superior ability to conduct both heat and electricity. Though it has some industrial applications, is largely used as a base for currency and jewellery. ***GOLD RESERVE*** Central banks all over the world also use gold reserves …
Gold fell nearly 1 per cent on Tuesday as LockDown easing plans boost risk appetite by some countries easing coronavirus-induced restrictions, although recession fears and hopes for more stimulus kept the bullion near the $1,700 level. Spot gold eased 0.7 per cent to $1,702.00 per ounce by 0701 GMT, after falling as much as 1.4 …
Gold Falls – 2% on Wednesday as investors dumped precious metals in favour of cash after additional stimulus measures by the United States failed to calm markets hit by mounting fears over the economic downside from the coronavirus. Spot gold was down 1.9% to $1,499.59 per ounce by 10:59 a.m. EDT (1459 GMT). U.S. gold futures …
Gold prices rose on Wednesday, after surging more than 3 per cent in the previous session. As the US Federal Reserve cut interest rates to help soften the economic blow from the coronavirus outbreak. FUNDAMENTALS Spot gold climbed 0.3 per cent to $1,644.97 an ounce by 0052 GMT. Having registered its biggest one-day percentage gain …
Gold prices fell 1 per cent on Tuesday as investors chose to pocket profits after the metal hit a seven-year high in the previous session, although growing fears over a spike in new coronavirus cases outside of China capped bullion’s losses. FUNDAMENTALS Spot gold was down 0.7 per cent to $1,649.49 per ounce by 0132 …
After two decades of painstaking research, the Uttar Pradesh Directorate of Geology and the Mining and Geological Survey of India have discovered two goldmines — one each at Son Pahadi and Hardi village — in the state that could collectively possess 3,350 tons of gold ore. The gold deposits together could be five times that …
BITCOIN/RHODIUM Everyone’s always comparing Bitcoin to gold. However, other precious metals rhodium have shown significant promise due to their rarity and how costly they are to find. MYSTERIOUS METAL RHODIUM Rhodium is one standout that has seen incredible price movement this past year and exceeded all expectations. It’s even left Bitcoin in the dust. The …
Old gold rate :: Spot gold price for 24 Karat in Delhi were trading up by Rs 15 and the upside was limited on rupee appreciation. The spot rupee was trading 16 paise stronger against the dollar during the Silver prices also gained Rs 50 to Rs 45,726 per kg from Rs 45,676 per kg. …
GOLD FALL :: Investment demand for gold, which had slipped by 35 per cent in the July-September quarter, may decline further in the fourth quarter of 2019 as rural India has stayed away from investing in gold after the kharif crop harvest. Investment demand for gold in rural India, which picks up every year after …
Gold Fall 60% of Consumption in Rural India This Year 2019 Read More »
