India’s Gold imports Hit Three-year Lows, May not have a big impact on Gold prices. Indian Gold imports in August fell 73% from a year ago to hit the lowest level in three years as the hike in import duty and record highs in local prices curbed retail demand, a government source said on Wednesday.
Why Gold Prices are Rising Suddenly 40,000?
The uncertainty over US-China trade talks, developments in the global market and talks surrounding recession are some of the key reasons that have triggered a rise in prices of gold, reported Business Today.
Mahindra Eye $6.3 Billion Order From US Postal Service – Stock Market
Stock Market News Report – Mahindra eye $6.3 billion order from US Postal Service – Mahindra Automotive North America (MANA), a subsidiary of Mahindra & Mahindra, …
Gold Prices in India Today Resistance Zone ₹38300 Level in Futures Markets
![Gold Price Intraday Technical Forecast By Neal Bhai [08-06-2022]](https://goldsilverreports.com/wp-content/uploads/2018/12/gold-silver-shop-neal-bhai-reports.jpg "Gold Prices in India Today Resistance Zone ₹38300 Level in Futures Markets 3")
Gold prices in India today resistance zone ₹38,300 level in futures markets while silver struggled. On MCX, October gold futures were down slightly at ₹37,960. Gold futures had hit a new high of ₹38,666 last week.
Yellow Metal, We Tell You about some of the Options Available For Investing
Gold ETFs and Funds
Mutual funds offer exchange-traded funds (ETFs) that invest primarily in physical gold with each ETF unit typically representing 1gm of gold. The equivalent physical gold (Yellow Metal) is held with the custodian bank and valued periodically, as per the Securties and Exchange Board of India’s (Sebi) guidelines. The performance of a gold ETF is benchmarked against the domestic price. Ideally, the returns from the scheme should match that of the benchmark.