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 …
All Time High – Gold prices hit a record at the end of last week, notching a new milestone in a bull run that began in late 2018 and has gathered momentum during the coronavirus pandemic. The precious metal has soared roughly 30% in 2020 to stop just short of closing at $2,000 a troy ounce–which …
***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 …
The lack of awareness among jewellers in understanding the hallmarking law is key to its slow progress. Also, some jewellers feel that piece-wise inventory will be required to be kept in mandatory hallmarking regime, but the fact is that description of each piece sold is only to be given while making invoice for the customer. …
10 Things You Didn’t Know About The Republic Day On 26th January What does Republic mean? Republic refers to a state in which the supreme power lies in the hand of the subject or people and they elect a representative to run the state. It also refers to “no monarchy” and our constitution adopted a …
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