Shipping Tribune shippingtribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shippingtribune.com Daily Mail and Mail on Sunday newspapers.
Investors reap rich harvest in both equity and gold amid huge volatility in FY24 thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Hedging gold prices will lead to efficient price discovery, assurance of quality, and active retail participation and will enhance liquidity, per analysts.
Some experts feel this trend will be short-lived, others feel this will continue for the next year or two, as elections in India and global tensions impact both these asset classes.
India Business News: Gold buying on Dhanteras, Diwali 2023: Should you buy gold this Dhanteras 2023? Is it a good investment bet? Historically, gold investments made aroun
Gold prices: Geopolitical tension in the Middle East boosted gold prices as it gained almost 10 per cent from the recent swing lows and made a multi-month high of Rs 61,500 level
Gold's returns are neary two-fold in comparison to Nifty and Sensex which have delivered returns of 10.34% and 9.31%, respectively, since last Dhanteras which fell on October 22, 2022.
Nirpendra Yadav, Senior Commodity Research Analyst at Swastika Investmart Ltd., said he expects gold prices to move towards Rs 64,000 to Rs 66,000 per ten grams in 2024. However, any dip to the Rs 57,000 – Rs 58,000 levels may be a good `buy’ opportunity.
Diwali Muhurat Trading 2023: Get details of date and time on auspicious timings of Muhurat Trading this diwali. Explore insights for a prosperous Diwali investment at news18.com
Diwali is also considered an auspicious time to invest, and many people choose to invest in gold during this period. Buying gold, a safe haven asset, during this festival is believed to bring good fortune and growth in one's wealth. Dhanteras 2023: Indians Eye Investment in Precious Metals, Realty and Stocks for Good Fortune on Auspicious Occasion of Dhanteras Festival.