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Surging gold prompts Indians to recycle jewelry for weddings

Spot gold jumped to a record high on Monday and has risen more than 10% since early October on speculation the Federal Reserve will cut rates early next year. ....

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Jewellery demand India: Surging gold prompts Indians to recycle jewelry for weddings

Surging gold prices in India are leading some individuals to exchange their gold jewelry for new pieces, particularly during the wedding season. Higher prices are driving more Indians to reuse their gold, and while consumers are purchasing for weddings, overall demand is relatively subdued. Gold prices in India have reached around Rs 60,000 for 10 grams. ....

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Surging Gold Prompts Indians to Recycle Jewelry for Weddings

Surging Gold Prompts Indians to Recycle Jewelry for Weddings
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Surendra Mehta , Jewellers Association Ltd , India Bullion , Jewellers Association ,

"Freak trade" drives gold to an all-time high; Market veteran urges caution

"Freak trade" drives gold to an all-time high; Market veteran urges caution
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Sovereign Gold Bond premature redemption: This SGB series can be withdrawn at 111.5% higher than issue price

The premature redemption price of sovereign gold bond (SGB) 2017-18 series X has been fixed by the Reserve Bank of India (RBI). The premature redemption price is at an premium of 111.5839% (in absolute terms without interest factor) over the SGB 2017-19 Series X issue price of Rs 2961 per unit. 1 unit of SGB represents 1 gram of Gold. ....

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