Sentiment very bullish for 2017; prices could touch all-time peak of $1,161 soon and may double from present levels by the end of the year. Rajesh Bhayani reports.
Exchanges believe its legal status may now change, with the government pushing for digitised transactions.
The exchange, say sources, began mock trading from early October and around 250 Indian brokers have said they'd take membership of the international exchange.
The minister asked jewellers not to recover transaction charges for use of debit or credit cards from customers.
Real reason for crashing gold prices is not Trump victory, says expert.
The study says the entire supply chain of goods and services will suffer a massive liquidity shock.
The concept of gold as an asset capable of getting anytime money is evaporating.
Following the surge in demand, Bitcoin is being quoted on Indian exchanges at 25-28 per cent higher than the international price, reports Rajesh Bhayani.
Have patience and bear with this turmoil. Do not panic. Buy at declines for the long term, says Nirmal Jain.
'India is still a cash economy.' 'For a common household, almost everything from grocery to maid services is paid in cash.' 'The demonetised notes account for 85 per cent of the currency in circulation.' 'Until fresh notes flow back into the economy, day-to-day transactions ordinarily done in cash will be impacted.'
The Modi government's decision to demonetise Rs 500 and Rs 1,000 banknotes will drive up interest in the bullion market
In India post the success of masala and green bonds on the LSE, Nikhil Rathi tells Rajesh Bhayani that there are many international investors interested in buying into the India story
Imports in 2016 expected to be lowest in 7 years but experts don't rule out a revival in demand if the yellow metal's price falls
March was the worst month for gold imports because of a strike by jewellers over the imposition of an excise duty.
These are companies with a strong track record and good prospects on earnings.
Gold is seen as a preferred asset for all types of investors, even central banks.
Mark Mobius, executive chairman, Templeton Emerging Markets Group, is positive on India and believes the Indian economy is on a strong footing
In the second half of April, the discount on gold came down to $3 an ounce.
Only three or four tonnes is estimated to have been mobilised under the scheme.
This could change the way diamonds are traded.
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