Central bank embarks on gold buying spree, adds 25 tonnes to forex reserves

Traders can buy if the price drops

MOFSL recommends “buy on dips” approach on gold when prices were hovering at ₹69,000 and $2,250 in the international market

The surge in investments can be attributed to the prospects of higher returns, tax benefits, and the bonds’ exemption from capital gains tax.

The crew member, identified as Surabhi Khatun from Kolkata, was intercepted at Kannur International Airport and found with 960 grams of smuggled gold

Most countries keep their gold in the vaults of the Bank of England or some such location and pay a fee for the privileges

The yellow metal outlook looks strong: Sachin Jain, Regional CEO of WGC

Since late last year, all the major central banks are moving their gold reserves back home given the volatile global developments, including the unrest in West Asia and conflict between Iran and Iraq

But traders can go long on dips

Spot gold was up 0.2% at $2,396.69 per ounce, as of 0146 GMT. U.S. gold futures fell 0.5% to $2,313.60

Bitcoin lags behind bonds, stocks and gold, signaling a possible slowdown in the crypto market

`Concessional customs duty under the India-UAE CEPA must be revised’

Apex banks’ confidence in the dollar low; high prices for the yellow metal may affect demand in India

Both investment options aim to provide returns that closely correspond to the performance of physical silver in domestic prices

Aspect Global Ventures’ Aksha Mohit Kamboj appointed the national vice-president

The recent increase in import duty from 7.5 to 15 per cent has significantly impacted production costs

Traders may look to buy

Traders can retain longs

Precious metals offer liquidity and act as hedges against economic instability, while real estate provides tangible assets with income-generating potentia

Telecom equipment faces hike in basic customs duty to 15 per cent

Import levy cut to 6% from 11%, AIDC pruned to 1%; move may curb smuggling

A drop in gold price can lead to increased jewellery demand, improving their revenue and profits Market experts believe the price of yellow metal could drop between ₹300 and ₹500 per gram going ahead

No plan to stop the issuance of Sovereign Green Bonds, says a Senior official

Gold can rise to ₹75,000 if the facing resistance at ₹71,300 is breached and silver at ₹85,000, with potential gains if these levels are breached

Spot gold rose 0.14% to $2,446.83 per ounce, while US gold futures increased by 0.8% to $2,488.50. 

The Association for Gold Excellence and Standards will frame good practices to be followed by the entire value chain of the industry, including bullion, jewellery manufacturers and retailers

Window for redemption of SGBs issued between 2017 and 2020

Manufacturers have noted that in some cases, orders have reached levels not seen in several years, underscoring the strong buying interest among jewellery retailers and consumers alike

Globally, silver was trading 0.46% lower at $28.22 per ounce in New York

The new locations will be in key markets across India, the GCC countries, and the USA, bringing the total number of showrooms worldwide to 375.

Sales up 20% during Ganesh Chathurthi, wedding demand could buoy demand for the precious metal further

Silver probing a barrier

Recent data reveals a significant increase in trading volume, with retail holdings growing 63 per cent year-on-year. 

Gold has rallied nearly 30 per cent this year, hitting a series of record highs.

Gold demand in India has remained robust, particularly following an initial surge after the import duty cut

Traders can retain the longs

The market now awaits US Fed meeting minutes, CPI data, and the RBI policy decision, which could impact the rupee and gold prices

US presidential polls uncertainty, jobless claims and new Israeli attack on Hamas add more glitter

Retain the long positions 

Jewellery brands in India are devising newer strategies and refining their existing approaches to alleviate the impact of soaring gold prices

To improve security standards and ensure compliance with government regulations, all high-security safes are now mandated to carry an ISI mark

The RBI held about 60 per cent of its gold reserves in safe custody in India as at September-end 2024 against about 50 per cent as at March-end 2024

Gold prices have been hovering above Rs ₹78,600 per 10 gm-level consistently despite weak demand due to ongoing global geopolitical turmoil in West Asia and Russia-Ukraine

Traders wait for a breakout

Abstract: Variations in cuisine among the Tibetan minority of China are due in part to environmental diversity. Different ecologies yielded varied adaptive strategies of resource use (economies), and resulted in three main types of food production: pastoralism, agriculture, and a mixed economy with both kinds of production. These strategies in turn affect the type

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Abstract: UNESCO Biosphere Reserves were first established under the Man and Biosphere Programme of UNESCO in the 1970s. Their mandate has expanded beyond conservation to include sustainable development and local capacity enhancement. As institutions under UNESCO, they also work on “building peace” by seeking to reconcile relations between peoples, and between people and the

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I've been running a listserv called TheHillGB for some years now, and just received this question from a member: "I am considering creating a listserv for work-related purposes. As moderator of this list, do you have any good resources for the whats and hows of developing and maintaining a strong, functional listerv?" (The word listserv was

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