'...you evaluate three key factors before committing your money.'
Are you debating between buying physical gold and investing in paper gold schemes or ETFs? Anil Rego has the answer
Silver also recovered by Rs 515 to Rs 36,750 per kg on increased offtake by industrial units and coin makers.
According to the latest statistics from the Association of Mutual Funds of India, gold ETFs have lost 18 per cent of their investor base since May.
Gold recovered 0.5 per cent or $2.90 in the end of last week but the chances of further weakening of dollar has cast a shadow on its future price.
Chirag Mehta, senior fund manager -- alternative investments at Quantum AMC, shares his views.
Spot gold was bid lower at $ 1,298 an ounce in early European trade.
Silver also recorded a sharp fall of Rs 1,000 to Rs 37,400 per kg.
There aren't many options to own platinum, pricing varies across retailers and resale policy isn't flexible
The recent round of sell-off is losing momentum and buying is again picking up due to firm marriage season demand.
Silver followed suit and gained Rs 65 to Rs 39,600 per kg on increased offtake by industrial units and coin makers.
Gold plunged by Rs 130 per ten gram at the opening and touched a five-month low of Rs 5180 on the bullion market in Mumbai on Thursday due to heavy selling spree.\n\n\n\n
The gold-mad city has woken up to a massive scam as investigators discovered that at least 200 ounces of fake bullion, worth about $250,000 have been traded at the island`s fabled jewellery souks so far this year, Financial Times reported.
The bill on October 2013 was $1.01 billion for 38 tonnes.
'Many do not have robust business models, and their prospects of survival and long-term growth are poor.'
Traders said fresh buying by stockists for the ongoing marriage season mainly led to a recovery in gold and silver prices.
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.
The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets its dairy products under the Amul brand, on Tuesday increased the prices of its Gold, Taaza and Shakti milk brands by Rs 2 per litre. The new prices will be effective from Wednesday, the GCMMF said in a statement. This price hike is being done due to an increase in the overall cost of operation and production of milk, it said.
Silver also reclaimed the Rs 34,000 per kg mark.
Gold should ideally not account for more than 5 per cent of your long-term investment portfolio
Olympic wrestler Vinesh Phogat on Saturday joined protesting farmers at the Shambhu border between Punjab and Haryana and said the central government should pay heed to their demands and make it a priority to address their issues.
Silver also fell by Rs 400 to Rs 41,000 per kg on poor offtake by industrial units and coin makers.
Gold prices recovered by Rs 25 to Rs 28,475 per 10 grams in the national capital on Monday on fresh buying by jewellers and retailers amid a firm global trend.
Surpassing earlier records, pure gold (99.9) purity strode to historic-highs of Rs 6,140 per ten grams at the bullion market on Saturday.
Traders said stockists selling against sluggish demand at higher levels mainly pulled down both gold and silver prices.
Gold on Tuesday eased by Rs 25 to Rs 27,450 per ten grams on favourable cues.
Rate in the global markets us normally sets price trend on the domestic front.
Gold prices surged by Rs 150 to trade at Rs 17,140 per ten gram in New Delhi on heavy buying due to a steep rise in the metal's prices in the overseas market as the dollar weakened.
Gold demand fell by 8 per cent to 45 tonnes on this year's Akshaya Tritiya, an auspicious day in the Hindu calendar for new purchase of long-term assets, due to a rise in prices, compared with 48.9 tonnes in a year-ago period, the World Gold Council said.
Sky-high gold jwellery prices will haunt buyers in 2010 also though India is better placed than its global peers, where people are slowly turning back to purchases, according to World Gold Council.
The import tariff value is the base price at which the customs duty is determined to prevent under-invoicing.
Spot gold dropped at $ 1,081.85 an ounce in early European trade and silver dipped $ 14.64 an ounce.
Gold on Thursday slipped from record highs by losing Rs 200 to Rs 30,200 per 10 grams in the national capital due to meagre demand for the precious metal at prevailing high levels.
While gold added Rs 310 to hit the record level, silver rose by Rs 800 to Rs 62,000 per kilogram.
You can do so through physical gold (coins and bars), gold exchange-traded funds (ETFs), feeder funds and the e-series (popularly called, e-gold) launched by the National Spot Exchange.
Gold, which has been on a record setting spree for the past three weeks, rose by Rs 50 to Rs 32,500 per 10 grams.
Gold, which has been on a record setting spree for the past three weeks, rose by Rs 50 to Rs 32,500 per 10 grams.
The Reserve Bank of India's (RBI's) state of the economy report observed that any durable alignment of headline retail inflation with the target of 4 per cent could recommence in the second half of FY25 and sustain until numbers closer to the target are seen during the course of FY26, dashing hopes of any reduction in the policy repo rate in the current financial year. The report, authored by RBI staffers, including Deputy Governor in charge of monetary policy Michael Patra, said though headline numbers may fall in July and August due to base effect, it is likely to reverse in September.
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