The gold to silver ratio represents the relative value of one ounce of silver to one ounce of gold. It is a weight for weight comparison. In basic terms the ratio shows you how many ounces of silver you would need in order to buy a single ounce of gold.
Posts by admin
Gold steadies near three-month high ahead of FED Minutes release
Gold steadied near the highest level in more then three months as investors awaited the release of minutes from the Federal Reserve’s meeting in April for a further steer on…
Gold advances to a three-month high on virus woes, Inflation
Gold rose to the highest in more than three months as concerns over the pace of a global recovery crept back in following a flareup in coronavirus cases in parts of Asia. The pandemic is wiping out “entire families” in villages in India, where more people are saying the scale of the crisis is much bigger than official numbers reveal.
India’s Gold Imports Spiked 123% in April
According to Ministry data, gold imports skyrocketed to touch $6.3 billion in April 2021. This is significantly higher by nearly 123% when matched with the imports during the corresponding month a year before. The Indian gold imports had totalled only $2.83 million in April 2020.
Gold gains to a three-month high on a drop in yields, Retail sales
Gold climbed to the highest in more than three months as bond yields dropped and U.S. retail stalled, while parts of Asia grappled with a spike in coronavirus cases. The yield on 10-year Treasuries extended declines following a report Friday that showed retail sales were essentially unchanged in April, missing expectations for a 1% gain.
Things to keep in mind, while applying for Gold Loan
A gold loan unlike a personal loan has no restriction on the purpose of utilization of funds. For all your financial needs like education, business expansion, personal financial requirements, medical emergencies the best option is to avail gold loan using the idle gold at your home or lockers.
US Retail sales stagnate in April but offset by an upward revision to march data
Fears of the U.S. economy running hot receded on Friday after new data showed a slowdown in consumer spending in April. Retail sales were flat on the month, falling short of expectations of a 1% gain. However, the monthly gain for March was revised up by a full percentage point to 10.7%., leaving aggregate spending roughly where economists expected it to be over the two months.
Gold gain on Indian Demand on Eid and Akshaya Tritiya
Gold trades in green amid good demand from India on the occasion of Eid and Akshaya Tritiya. Consumers prefer to buy Digi Gold in this pandemic year as Jewellers are closed due to state-wise lockdowns. Gold also rose as the dollar and bond yields slipped after higher-than-expected U.S. producer price data added to signs of a growing wave of inflationary pressure.
India added 42.3 tonnes gold to its reserves in FY21
India’s gold reserves went up by 42.3 tonnes in the one-year period ended March 31, 2021, against 40.45 tonnes in the year-ago period. As at end-March 2021, the Reserve Bank…
