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With Dhanteras just three days away, the correction could not have come at a more opportune time for gold lovers who can utilise the dips to do some festive buying or add it to their portfolios.
Petrol and diesel prices have been kept steady for a month after the government's much-needed move to cut excise duty on May 21.
Starting with a record high in gold price last August, precious as well as industrial metals have all hit 52-week peaks over the past one year. Gold was joined by silver, palladium and then copper in the rally, which caught many investors by surprise. Gold has since seen a correction, with Comex (CME) spot gold easing by $230, or 11 per cent, from its all-time peak of $2,073 an ounce hit in August, 2020. Copper hit its peak of $4.89 per pound earlier this month ($10,440 a tonne on LME), but has since come off 5 per cent. Copper is the third most consumed metal after steel and aluminium, and i...
Gold prices down 22%; is it time to revisit your gold allocation? Industry experts believe the weakening of gold prices may be short-lived. A weakening dollar, growing inflationary pressure, debt accumulation and monetary expansion are all drivers for positive gold price Gold prices in India have fallen relatively more Gold prices have fallen to almost 11-month low to Rs 44,600 per 10 gramme. From the highs of Rs 57,000 per 10 gramme in August last year, the yellow metal price has come down by 22 per cent or Rs 12,400 per 10 gramme. Gold prices have eased due to an improving global economic o...
‘Natural rubber production down 10% in 2020’ December 22, 2020 Global rubber body foresees extreme weather conditions impacting yield The Association of Natural Rubber Producing Countries (ANRPC) has scaled down world rubber production in 2020 by 10 per cent to 12.597 million tonnes due to a combination of factors such as climate change, extreme weather and leaf fall diseases that disrupted production across major growing countries. The revised outlook is 3,04,000 tonnes below the forecast by the global rubber body in September. However, the global rubber body said that the NR market cou...