There are two important points about the price correction in gold. The first one is the anti-correlation with the U.S. dollar; certainly that put pressure on gold. The second one, which may be even more important, is that people really seem to believe that the financial system is safe again.
It was a year of stocks shining bright when it comes to adding to the investors' wealth, and the glitter of gold and silver fading for the second straight year in 2013.
For the year as a whole the price is expected to average $1,270, which compares with the year-to-date average of $1,289.
Nearly 100 precious idols of Hindu deities have been stolen in Bihar in last 14 months from various temples, mutts and ashrams, the police have revealed on Friday.
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.
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.
Stephen Hawking, in his final book Brief Answers to the Big Questions, considered an asteroid collision to be the biggest threat to the planet. At this point, we are as well prepared as dinosaurs were when a 10-km wide asteroid hit the planet 65 million years ago, notes Kumar Abishek.
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.
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Oil and gold had accounted for 45 per cent of India's imports bill in 2012-13.
Gold prices are again moving up after a downward slide. But will this upward movement sustain? More importantly, should you buy more of the yellow metal now? Here's the answer.
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.
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.
Banks and friendly neighbourhood jewellers can serve as good channels to provide liquidity for gold deposits with built-in incentives for them, suggests Harsh Roongta.
According to its owners, its value has multiplied several times over the years, because of the record gold price now.
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Motherson Sumi, Tata Steel, Jaguar Land Rover will face higher cost.
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Indians love affair with gold will never end. Despite a lull, there is heavy demand in the market.
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The current upsurge in gold prices placed the metal to a level last seen on April 10.
The European Union has drawn up an initial negative list of 416 tradeable items on which it does not intend to provide duty cuts as part of the proposed free trade agreement with India
Overall market benchmark Sensex is headed for its worst performance in four years with a decline of 1,650 points
A Rs 40-lakh silk saree, intricately woven with 12 precious stones and metals and replicating 11 famous paintings of Raja Ravi Verma, will seek an entry into the Guinness Book of World Records as the world's most expensive saree.
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.
A good monsoon could rein in food inflation. Largely good corporate results mean better days are ahead. Nifty may reach record levels, points out Devangshu Datta.
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.
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'It is time to allow the rupee to move towards its true value, as it is hurting Indian exports, investment and SMEs associated with export sectors that create jobs,' argues Pravakar Sahoo.
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Mehta's export company is the largest integrated gold player in the world.
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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.
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India must reckon with the possibility that it will struggle to attract higher overseas investment.
Hitting GDP growth of more than six per cent will require substantial foreign direct investment, especially if household savings largely continue to remain locked.
Slowdown persists in China. India's GDP estimates for 2015-16 are liable to be pared; projections for 2016-17 are lacklustre.
Waiting for capitulation in commodity markets is the better route to profits, says Sonali Ranade.
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