Gold and Silver Reports

DIWALI GOLD-BUYING FRENZY MISSING ON KEY DAY FOR INDIAN

India’s gold shopping peak typically comes ahead of Diwali, or the Festival of Lights that was celebrated last Saturday by Indians. Dhanteras, the day is considered a blessed time to buy gold, cars and major appliances or to start new ventures, and the festival is associated with wealth and prosperity.

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WILL GOLD CONTINUE ITS UPWARD TRAJECTORY TILL NEXT DIWALI?

Gold is the only asset class that had an exciting year. It’s seen its value soar to an all-time high in August. After hitting an all-time high above Rs 58,000/ 10 gm, gold has managed to hold critical support around Rs 50,000/10 gm. This is an indication of underlying strength

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GOLD PHYSICAL DEMAND PLUNGES AS COVID CRISES BITES

The calendar year 2020 (CY20) may well turn out to be the worst year for gold demand in India since 1995 if the current trends are extrapolated to full-year forecasts. According to the World Gold Council (WGC), gold demand in India thus far in CY20 stands at 252 tonnes, as

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HOW WOULD US ELECTIONS IMPACT GOLD PRICES

Gold has been a phenomenal investment this year, protecting savers' nest eggs by making strong returns. But more recently the price has started to decline, leaving owners bemused on whether to stick or switch. The precious metal's price has risen 22% thus far in 2020 and has been one of

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US ELECTIONS, MONETARY EASING AND SUPPLY SUPPORTING GOLD PRICES

The price of an ounce of gold peaked at a record $2075 an ounce in August but has since slipped back, trading at $1900 an ounce in mid-October. The market consensus is that a Biden win would hit markets, as investors react negatively to a tougher tax and regulatory agenda.

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GOLD RUSH: WILL THE RALLY CONTINUE?

Gold has enjoyed a meteoric rise this year, hitting a record in early August on the back of a weak dollar and continued Federal Reserve support. Negative U.S. real rates have stabilized and started to move higher in August, with gold moving lower as a result. The impact of real

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GOLD ETF WRAP UP BEST RUN IN A DECADE

Last month’s Fed announcement suggesting rates may remain near zero for the foreseeable future, coupled with real rates in most developed countries hovering at negatives, extends an environment where the opportunity cost of gold can remain low for investors. At the same time as economic and geopolitical indicators continue to

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The size of Gold market

  Gold supply fits in 2.6 Olympic swimming pools There are approximately 197,576 tonnes (t) of gold above ground, worth more than INR 685 trillion.  Mine production adds approximately 3,500t per year, equivalent to an annual 1.8% increment. The approximate breakdown of physical gold, based on its use, is: Jewellery:

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Good Monsoon Season: A ray of hope for Rural Gold demand revival amid COVID crisis

Two-thirds of India’s gold demand comes from rural areas, where jewellery is a traditional store of wealth – a fact that is largely a reflection of India’s demographics. According to the World Bank, in 2019, 66% of India’s population lived in rural areas, down from 72% in 2010 and 74%

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Growing potential for gold to cross $1800

Gold opened on a positive note this week, as US President Donald Trump threatened to impose more tariffs against China over the coronavirus pandemic, which Trump alleged originated from a lab in China. The uptick in geopolitical risks is the primary catalyst due to renewed US-Sino tension after the White

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