India Has a Love-Hate Relationship With Gold | Gold Silver Reports

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India has a love-hate relationship with gold. Indians love gold. Indian policymakers hate that they love it.

An estimated 24,000 tonnes of gold lies unused with Indian households and religious institutions, according to a 2018 report by the NITI Aayog. From time to time, efforts have been made to bring this gold into the productive economy — from gold monetisation schemes to gold bonds and now the gold stock exchange.

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Gold MCX Tips Today Hit High 46677 | Neal Bhai MCX Guru

Gold MCX Tips Today

The gold (yellow metal) has clearly broken the resistance of the channel down pattern. It occurred in a sharp four hour jump, which also passed the resistance of the 55, 100 and 200-hour simple moving averages. Eventually, the metal’s price was stopped by the 1,765.00 level’s resistance.

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