'Foreign capital will continue to come directly into India, but companies have realised that GIFT City is a more cost-efficient way of channelling funds.'
'Investors' decisions should reflect their financial goals, risk tolerance, and the amount of gold already present in their portfolio.'
The trigger for international gold prices rising to $3,000 per ounce was Germany's upcoming heavy government borrowing.
Invest with a 5 to 7 year horizon so that you are able to ride out price volatility and benefit from the long-term trends of demand and macroeconomic shifts.
Gold prices will rise next year as the financial crisis pushes more investors into the precious metal safe haven, according to delegates polled on Tuesday during the London Bullion Market Association annual meeting in Kyoto.
Anamika Pareek answers five most frequently asked questions about investing in silver ETFs
India's annual gold consumption is about 800-900 tonnes, of which about 750 tonnes is imported. However, in 3-5 years, domestic refineries would meet the whole demand, reports Rajesh Bayani.
Irrespective of the global movement, gold prices in India are nearing the level of Rs 34,000 per 10 grams in the physical markets.
In a first for India, bullion derivatives contracts will be settled on a blockchain platform. This will help in global acceptance of gold refined by Indian bullion refineries, giving a fillip to the local industry, exports, as well as investments. From November 1, the National Stock Exchange (NSE) will accept gold delivery only on the blockchain platform.
Subdued volumes notwithstanding, the bullion market displayed a firm trend as both the precious metals, silver and gold, zoomed to new heights on stockists and speculators buying.
Duty changes in the Budget make refining unviable.
Prices have remained lower this year.
Commodity investments can help you diversify your portfolio in asset classes other than equity and debt, says Dwaipayan Bose.
It's not only the gold but silver also glittered on the bullion market in New Delhi on Wednesday as the white metal surpassed its previous highs to scale another historic peak to close at Rs 27,375 per kilogram on buying by stockists supported by a sharp rally in overseas markets.
Traders said reduced offtake by retail customers on sluggish demand at prevailing higher levels kept pressure on gold prices, while silver rose on fresh buying by industrial units and coin makers amid a firming global trend.
Gold in overseas markets advanced $10.60, or 1.1 per cent, to $1,018.15 an ounce.
Gold on Monday fell by Rs 50 at Rs 16,020 per 10 gram in the bullion market on selling by stockists, sparked by a weakening global trend.
The customs duty from gold imports could be approximately Rs 8,000 crore, about less than half of what was collected a year ago.
The rising trend in gold remained unabated on the bullion market in Mumbai on Monday with pure gold zooming up further to close at a new record high of Rs 6,235 per ten gram due to sharp rise in the global prices.
The precious metals had lost Rs 210 in the previous session.
Silver prices bounced back by Rs 345 per kilo on the bullion market in Mumbai on Friday due to heavy buying after a smart rise in the global prices. Gold also recovered smartly on fresh bouts of stockists' buying.
Silver settled at Rs 37,280 per kg after firming up by Rs 230.
Silver coins continued to be traded at last level of Rs 48,000.
Globally, gold rose 0.16 per cent to $1,279.70 an ounce in London.
Gold prices ruled steady at Rs 27,250 per 10 grams in restricted activity at the bullion market on Monday.
Gold prices on Friday fell by another Rs 25 to Rs 27,225 per ten grams at the bullion market in the national capital due to slackened demand at prevailing levels from jewellers and retailers amid a weak trend overseas.
Globally, gold fell by 0.24 per cent to $1,182.80 an ounce and silver shed 0.72 per cent to $15.89 an ounce in London.
Only three or four tonnes is estimated to have been mobilised under the scheme.
Silver was also up by 1.63 per cent to $15.92 an ounce.
Silver, however, recovered by Rs 250 to Rs 36,000 per kg.
Silver, however, held steady at Rs 37,100 per kg
Gold, silver shine in Diwali trade on jewellers buying
Gold prices remained steady for the second straight day at Rs 27,250 per 10 grams at the bullion market on Tuesday.
Silver regained the Rs 35,000 per kg mark by gaining Rs 660.
Gold prices recovered by Rs 50 to Rs 26,800 per 10 grams at the bullion market on Friday.
Gold prices are seen heading northwards on improved demand.
Silver traded lower by Rs 135 to Rs 36,750 per kg.
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Gold slumped by Rs 260 at the domestic bullion market on Thursday due to a fresh wave of profit taking by investors and traders amid reduced stockist demand.
Gold prices on Monday drifted by Rs 105 to trade at a three-week low of Rs 27,225 per ten grams.
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