Insights

Gold hits all time high amid US banking crisis

Weekly Blog

Gold and SIlver prices have skyrocketed since the United States’ banking crisis erupted a week ago. When there is a crisis of confidence, especially in our financial system and banking sector, people seek safe havens. And gold is arguably the most well-known safe haven in the world. Gold still has steam left to head towards $2000 (Rs 60000) before the FED Wednesday meeting.

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Gold touches all-time high in India

Daily Report

The near-term outlook for gold is bullish, as we continue to see safe-haven demand and elevated market anxiety over the banking crisis. Concerns about the banking crisis remain after the European Central Bank raised interest rates by 50 basis points despite ongoing financial stability threats.

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Precious metal invest in gold this diwali

Gold closes at record high levels in India

Daily Report

Gold prices traded near record highs on safe-haven buying as a drop in Credit Suisse shares rekindled concerns about the banking sector and reduced appetite for riskier assets. Markets are hypersensitive to negative bank-related news following what happened with SVB.

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silver and gold

Gold and Silver find support for a bull run

Weekly Blog

Gold and Silver’s prices have retraced to important support levels of Rs 55000 and Rs 62000 respectively as forecasted. As instructed in the previous week, those were the ideal levels for buying. The next move can be an up-move, buying on dips should be a strategy used for the medium term, as the downside seems limited.

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UNDERSTANDING GOLD DEMAND AND SUPPLY CHAIN

Knowledge Series

Humans have mined gold for about 7,000 years. Let’s understand the sources of gold supply and how it reaches the customer in the form of jewellery, bars, coins, etc. What is the lifecycle of gold and what is the role of each market participant in the supply chain?

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Further weakness will provide an opportunity to buy

Weekly Blog

Prices for gold and silver dropped by around 2%, supporting a bearish view on the FED’s hawkish shift towards further rate hikes that increased the value of the dollar. This increases the likelihood of further losses towards Rs 55000, which we expect to floor the precious metal and will offer an opportunity to buy.

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