After the intense sell-off seen by gold yesterday, the precious metal saw a bit of rebound. Speculators and hedge funds are yet to start buying and uncertainty over the fed stimulus programme has dampened spirits about what was considered to be a safe haven.
The price of gold has dropped, just ahead of the festive season. The rate of gold today in Hyderabad market stands at Rs 31,300 for 10 gm of gold. The price of silver has also seen a fall.
The price of gold has fallen, and could fall further. The increased interest in the stock market has led to gold being less attractive as an investment. And chances are that by Deepavali, the rate could fall further.
Gold prices have seen a steady rise. Going by the current rate of increase, gold prices could well touch Rs 35,000 for 10 grammes by the festive occasion of Deepavali. This story explains the reasons for the increase in the rate of gold.
In this edition of the Market Hour: Sanjeev Prasad from Kotak Instl Equities on where to put your money; Vineet Nayyar from Tech Mahindra on buying Hutch's BPO; Anil Ambani on the Sasan project; the coal scam and its impact on power tariff; the impending petro...
Gold rate has breached the comfort level of the middle-class. It has reached an at all-time high. And this has come right at the time of marriage season and festivals like Dasara and Deepavli.
The Prime Minister's Economic Advisory Council pegged the GDP growth for the current financial year at 6.7 percent, painting a better picture of the economy than by other think-tanks. It, however, added that inflation would remain high during the fiscal at 6.5...
Gold rates have crossed Rs 30,000 for 10 gm. The rise in prices is despite this not being the peak wedding season. This story explains some reasons for the high rates, and when is the right time to buy gold.
With the National Housing Bank (NHB) setting aside Rs 5,000 crore for medium- and low-income housing schemes, experts discuss how this could help the real estate market.