Blog

Gold declines but still a favourite

Posted by Augmont
  |  
On April 17, 2019

Since the turn of the century, the gold industry has experienced a roller coaster ride, with prices rising from $255 an ounce in 2001 to highs of $1,906 a decade later, before falling to $1,056 by December 2015. After a gap of almost 4 years, gold is being seen on

read more

Gold vs Stocks

Posted by Augmont
  |  
On April 15, 2019

Past 3 to 4 years haven’t been that exciting for gold. In fact gold has surfaced to the current $1300 an ounce, a level that was previously seen 6 years ago. Gold has been trading in a tight range for quite some time. Gold is an investment that people prefer

read more

Dollar dependency reduced. Benefits gold

Posted by Augmont
  |  
On April 3, 2019

Why is gold being reconsidered as a mode of investment globally? Why is the dollar dependency reducing? Why are central banks world over piling up their gold reserves? Well the answer to this looks simple but the reasons behind it are quite complex. There are so many things happening in

read more

Gold prices gain Rs 35 to Rs 33,095 per 10 gram

Posted by Augmont
  |  
On March 28, 2019

Gold prices gained Rs 35 to Rs 33,095 per 10 gram on Thursday, breaking its two-day fall, on account of increased domestic demand, shrugging off a weak global trend, according to the All India Sarafa Association. Silver, however, dropped Rs 270 to Rs 38,850 a kg amid lower demand from

read more

Difference between gold ETF and gold saving fund

Posted by Augmont
  |  
On March 26, 2019

Gold is back on the table as an investment option. The prices for the yellow metal have increased 6.2% in the past year. Overall, Indians have always been one of the larger consumers of gold. Some invest in mutual funds that invest in gold and some prefer to invest in

read more

Gold settles at a one-week high on dovish Fed

Posted by Augmont
  |  
On March 21, 2019

Gold futures settled at a one-week high on Thursday, buoyed by the Federal Reserve’s dovish policy statement, though strength in the dollar kept prices in check. On Wednesday, after gold futures settled, the central bank left interest rates unchanged as expected and signaled no further increase in interest rates this

read more

India may stop refined gold imports in next five years, say experts

Posted by Augmont
  |  
On March 15, 2019

Import of refined gold might stop in three to five years, claim experts. At present, India’s annual gold consumption is about 800-900 tonnes, of which about 750 tonnes is imported. However, domestically refined gold has been becoming more and more important.“India will stop importing gold in five years,” said Rajesh

read more

Gold expected to perform well in 2019

Posted by Augmont
  |  
On March 11, 2019

Last fortnight gold fell near two week lows. It was heading for its biggest weekly fall in nearly four months on 28th Feb. A strengthening dollar backed by rising equities created pressure on the yellow metal. Better sentiment on the stock markets and a reluctance by the physical gold investors

read more

Vietnam:Gold shops prepare for sales surge

Posted by Augmont
  |  
On February 14, 2019

Gold demand is expected to surge today, the God of Wealth Day which falls on the 10th day of the lunar year.Legend has it that the god returns to heaven on this day every year, and people think buying some gold brings good luck and prosperity throughout the year.Gold and

read more

Gold holds firm on trade, growth worries; heads for weekly fall

Posted by Augmont
  |  
On February 8, 2019

Gold held steady on Friday on worries that a prolonged Sino-US trade war could worsen global economic slowdown, but a strong dollar put bullion on track for its first weekly loss in three. Spot gold was steady at $1,309.34 per ounce, as of 0320 GMT, after the metal hit its

read more