Latest Updates Around The World
Domestic gold recovered losses of around Rs 9,500 per 10 gram, or nearly 7%, after touching the day’s low of Rs 1,38,634 per 10 gram, to settle at Rs 1,48,104. As gold futures opened with a gap-up, prices came under sharp pressure amid profit booking ahead of the Budget 2026 announcements. The correction on the […]
Gold will replace the US dollar as a central bank reserve, ending its hegemony and leading to a dollar crash against fiat currencies, Peter Schiff, chief economist and global strategist at Euro Pacific Asset Management, warned, urging investors to prepare for a “historic collapse”.“The reign of the King Dollar is coming to an end. Gold […]
Kolkata: Indian investors, especially younger buyers, have increased purchases of digital gold to an estimated 12 tonnes in the January-November period this year, according to the World Gold Council (WGC), although demand slowed after the Securities and Exchange Board of India (Sebi) warned last month that the product was unregulated. WGC’s estimate is based on […]
Although gold hit a record high of $4,381.58 per ounce on October 17, central banks around the world continued to buy the precious metal, data from the World Gold Council (WGC) shows. However, gold purchases by them are lower than in the last three years, compared to the January-October period. “Central bank demand for gold […]
Investor interest in safe-haven assets resulted in a record quarter for gold demand in the third quarter of 2025, according to the latest report from the World Gold Council (WGC). The WGC published her Gold Demand Trends Q3 Report on October 30, clearly demonstrating that investor demand for gold is exploding as economic and geopolitical […]
Indian household wealth in gold has exploded to an estimated $3.8 trillion, following a spectacular 62% rally by 2025, pushing the value of the country’s private gold to nearly 89% of GDP. This is a stunning testament to the metal’s enduring grip on household balance sheets and its growing role as a store of wealth […]
Highlighting a striking contrast between the vast gold holdings of Indian households and the capital needs of Indian companies seeking growth through equity markets, Nithin Kamath, the co-founder and CEO of Zerodha, recently shared a post on social media platform X (formerly Twitter).According to Kamath’s post, Indian households hold an estimated $3 trillion worth of […]
Mumbai: rising gold prices have not deterred the central banks to buy the precious metal while resuming shopping in August, thereby maintaining the recent trend of diversification of the foreign regaves outside the American debts. Worldwide central banks added a net 15 tons of gold reserves in August, compiled by the World Gold Council using […]
