ET : Gold prices traded sharply higher on Monday, with the MCX December futures jumping over 1% or by Rs 1,223 to Rs 1,22,290 per 10 grams, amid renewed safe-haven demand following weak U.S. consumer sentiment data and a soft jobs report.
Ask Anything, Know Better
October 13
August 10 CONTEXT Warren Buffett has consistently avoided gold investments, viewing it as a non-productive asset that does not align with his value investing strategy. He prefers assets that generate income, such as stocks of companies like Coca-Cola or ExxonMobil. In his 2011 letter to Berkshire Hathaway shareholders, Buffett described gold as having “two significant shortcomings”: it is neither useful nor procreative. He argued that owning gold relies on the hope that someone else will pay more for it in the future, without...
July 02 WHAT? Two commodity research firms, Mumbai-based Motilal Oswal Wealth Management (MOWM) and BMI (a unit of Fitch Solutions), have declared the end of gold’s six-year bull run that began in 2019. This rally delivered over 30% returns in both 2024 and 2025, but signs of market fatigue suggest a pause. Key Details Gold prices surged impressively since 2019, exceeding price projections. In 2019, the average price of 24-karat gold per 10 grams was approximately ₹36,000. As of July 2025, the current...
June 15 SUMMARY The Business Standard article reports that on June 14, 2025, gold and silver prices in India saw slight increases. Key details Gold Prices: The price of 24-carat gold rose by ₹10, with ten grams trading at ₹1,01,410, according to GoodReturns. The price of 22-carat gold also increased by ₹10, with ten grams selling at ₹92,960. In Mumbai, Kolkata, and Chennai, ten grams of 24-carat gold was priced at ₹1,01,410, while in Delhi, it was ₹1,01,560. Silver Prices: The price of...
June 14 SUMMARY The article from The Financial Express, published on June 14, 2025, titled "Platinum beats gold, silver so far in 2025. Is it the next big investment idea?" highlights platinum's strong performance compared to gold and silver in 2025 and evaluates its investment potential. Key points Performance in 2025: Platinum has surged by 40% year-to-date, outperforming gold (up 30%) and silver (up 26%). Over the last month, platinum gained 30%, compared to 7% for gold and 13% for silver....
June 13
June 11 WHAT HAPPENED? In India, silver prices on the MCX were ₹89,100 per kg on June 11, 2024, and the prices reached ₹1,03,000 per kg by early June 2025. June 2024 Price: ₹89,100 per kg June 2025 Price: ₹1,03,000 per kg Absolute Change: ₹1,03,000 - ₹89,100 = ₹13,900 per kg Percentage Change: (₹13,900 / ₹89,100) × 100 = 15.60% Internationally, silver prices increased by $7.34 per ounce, a 25.18% rise. In India, prices rose by ₹13,900 per kg, a 15.60%...
June 09 SUMMARY The article from CNBC TV18, published on May 2, 2025, titled "Gold prices: What's driving the market today amid global uncertainties," discusses the recent decline in gold prices and the factors influencing the market. Here’s a summary: KEY POINTS Price Drop in India: On May 2, 2025, 24-karat gold in India fell by ₹22 to ₹9,510 per gram, and 22-karat gold dropped by ₹20 to ₹8,755 per gram, per Goodreturns data. Global Market Trends: Gold experienced a 2% weekly...
May 31 SUMMARY As of May 31, 2025, gold and silver prices in India experienced slight fluctuations: Gold Prices 24-carat gold: Increased by ₹10, reaching ₹97,320 per 10 grams. 22-carat gold: Also rose by ₹10, now priced at ₹89,210 per 10 grams. City-specific rates: Mumbai, Kolkata, Chennai: ₹97,320 for 24-carat gold. Delhi: ₹97,470 for 24-carat gold. Silver Prices Silver: Decreased by ₹100, now at ₹99,800 per...
May 27 SUMMARY The Sovereign Gold Bond (SGB) 2017–18 Series VI, issued on November 6, 2017, has delivered an impressive return of over 220% upon premature redemption after 7.5 years. The Reserve Bank of India (RBI) has set the redemption price at ₹9,453 per gram for May 6, 2025, reflecting a significant appreciation from the initial issue price. KEY HIGHLIGHTS Issue Details: Launched on November 6, 2017, the SGB 2017–18 Series VI had an initial issue price of ₹2,781 per...
Comments
Write Comment