December 18, 2023 New Delhi, India Investing in Gold Simplified: Introducing Sovereign Gold Bond Series III 2023-24 The Reserve Bank of India (RBI) has once again opened the doors to gold investment with the Sovereign Gold Bond (SGB) Scheme Series III for 2023-24. This program provides a secure and convenient way for individuals and institutions…
December 13, 2023 New Delhi, India Sovereign Gold Bond Schemes 2023-24 In a recent announcement, the Reserve Bank of India (RBI) has unveiled the details of the Sovereign Gold Bond (SGB) Schemes for the financial year 2023-24, offering investors valuable opportunities for gold-backed investments. Series III Subscription Details: The subscription window for Series III is…
July 27, 2024 New Delhi, India Gold prices Gold prices staged a modest comeback, rising 0.80% to $2,385 after initially plummeting to a two-week low of $2,353. This recovery was largely fueled by market speculation that the Federal Reserve might reduce interest rates in their upcoming September meeting. This anticipation follows a soft inflation report,…
July 23, 2024 New Delhi, India XAU/USD Gold prices have been under pressure, struggling to gain traction amid a mix of economic and geopolitical factors. As the precious metal trades near a one-week low, investors are weighing the implications of potential rate cuts by the Federal Reserve and other global economic developments. Current Market Dynamics:…
July 18, 2024 New Delhi, India Gold prices Gold prices are edging higher, approaching near-record highs, as increasing optimism surrounds the possibility of the Federal Reserve cutting interest rates in September. The price of gold (XAU/USD) is hovering around $2,470 per troy ounce, driven by expectations of a rate cut which enhances the appeal of…
July 17, 2024 New Delhi, India Gold prices Gold price (XAU/USD) pulled back from its fresh all-time high of $2,482-$2,483 during the Asian session on Wednesday, now trading near the lower end of its daily range. The risk-on environment and an overbought Relative Strength Index (RSI) prompted some profit-taking. However, expectations of a dovish Federal…
June 11, 2024 New Delhi, India Gold Under Pressure Gold prices have taken a hit recently, moving lower due to diminishing hopes of an interest rate cut by the Federal Reserve (Fed). Investors are adjusting their expectations following strong US economic data, particularly the upbeat jobs report. This has reduced the likelihood of a rate…
May 20, 2023 New Delhi, India Gold Prices Surge to Record High on US Rate Cut Expectations and Geopolitical Tensions Gold prices have soared to a new record high, reaching $2,450.49 per ounce, driven by speculation that the US Federal Reserve will cut interest rates and by renewed geopolitical tensions in the Middle East. US…
February 5, 2023 New Delhi, India In a recent turn of events, the gold market is experiencing a downturn, reaching a one-week low at around $2,025. The decline is attributed to a combination of factors, including the Federal Reserve’s (Fed) hawkish stance, the performance of the US dollar, and ongoing geopolitical concerns. Fed’s Impact on…
January 19, 2023 New Delhi, India Geopolitical Tensions Drive Gold Price Recovery Gold prices have seen a rebound, moving away from a recent one-month low, propelled by escalating geopolitical tensions in the Middle East. The catalysts include retaliatory airstrikes by Pakistan inside Iran and ongoing clashes between US-led forces and the Iran-backed Houthi group in…
