It is true that the rupee is at least becoming less strong, albeit slowly.
Silver is emerging as a stronger bet for the long-term.
The jewellery industry has welcomed the government's decision to ban old Rs 500 and Rs 1,000 notes, saying gold demand will rise as people will have more faith in the precious metal than the currency notes. But the unorganised builders and secondary (resale) property market would be adversely impacted.
Gold prices are already moving fast to the key level of Rs 30,000 per 10 gms
Levy in India one of the highest in the world; finance minister urges banks to tell customers not to invest in the metal.
Prime Minister Narendra Modi launched a scheme to tap a pool of over 20,000 tonnes of gold held by households and temples.
Most consumers are going for token buying of lesser value and are waiting for price correction for purchase of wedding jewellery.
The price of gold in India seems to have bottomed out.
In 2013, the fall in international gold prices was 28 per cent.
Investors, including large corporations, view them as a potential hedge against uncertainty, and mainstream investment banks too are jumping into the game.
Veterans recall they haven't seen gold falling for 3 years in a row.
In the current scenario, it's hard to construct a comprehensive argument that gold prices should rally, or one that they should decline - the range-trading of recent months may continue.
Union Budget 2014-15 is positive for metals and mining companies.
If you simply understand that you do not understand the sock market, that will be a favour. A big favour...
At a time when the whole world is going ga-ga over stocks and debt is too easy to borrow, do not forget gold, says Anil Rego.
Huge gold imports have put pressure on the country's Current Account Deficit, which in turn is affecting the value of rupee.
Investors must be cautious and follow a prudent diversification strategy to mitigate against any risks in case of any unforeseen events.
The RBI has shelved its plan for polymer notes more than a decade after it invited interest from global manufacturers for one billion pieces of Rs 10 denomination polymer banknotes, reveals Tamal Bandyopadhyay.
Based on the estimate, a courier bringing in 1 kg of gold currently worth around $40,000 at world prices could earn $470 if not caught.
Sensex ends lower; govt schemes in focus.
Gold is often considered a 'hedge' against an economic uncertainty.
Many investment options once seen as safe havens are presently out of sync
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Silver also declined by Rs 75 to Rs 50,610 per kg on lack of buying support after steepest rise in last week.
Weather forecasts have notoriously large error margins.
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The current upsurge in gold prices placed the metal to a level last seen on April 10.
Experts advise investors to buy at lower levels in the next few months and sell at the higher end of their range in the second half, reports Rajesh Bhayani.
Indians love affair with gold will never end. Despite a lull, there is heavy demand in the market.
Meanwhile, retail jewellery sales in India have declined by 50 per cent since gold price started its uptrend nearly two weeks. Buyers deferred their fresh purchase amid expectations of a correction in gold prices from the current high level.
China's CSI300 stock index shed 1.1 per cent, hitting a five-week low, while shares of Hong Kong-listed Chinese companies sagged 0.9 per cent.
India must reckon with the possibility that it will struggle to attract higher overseas investment.
Oil and gold had accounted for 45 per cent of India's imports bill in 2012-13.
In spite of an overall healthy rise in exports, there are many traditional sectors which used to be the mainstay of India's exports in the past, but are now suffering from significant weaknesses, says A K Bhattacharya.
Earnings growth is expected to accelerate as lingering toxic effects of note ban ease off and GST settles down. However, stock valuations are high and that means market is also overdue for correction, says Devangshu Datta.
Finance Minister Arun Jaitley's decision to cut arbitrage may ensure that the standards of purity of the refined gold in the Indian market meet the global benchmark
Overall market benchmark Sensex is headed for its worst performance in four years with a decline of 1,650 points
Demonetisation should be judged to have delivered some immediate gain if at least around Rs 2 trillion gets immobilised.
Slowdown persists in China. India's GDP estimates for 2015-16 are liable to be pared; projections for 2016-17 are lacklustre.
'India has about 22,000 tonnes of private gold, held by individuals and temples.' 'Much of this is locked up in safes and vaults as a dead investment. If we can put the vast reserves of gold to use, it would boost the economy,' says V P Nandakumar, executive chairman, Manappuram Finance, India's first listed gold loan company.
India Ratings has in its latest report has maintained a bearish outlook for gold prices for the current financial year.
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