Well, historically the most common way to save in Gold has been to buy physical gold in the form of Coins; Bullion and Jewellery. Apart from that, we have . But during the pandemic, another method of saving in Gold that has been gaining immense popularity is in the form of Augmont Digi Gold.
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Digital Gold To Open Up Investment And Entrepreneurial Ambitions Of Indians
DigiGold as you know is the new way of buying Gold, below are some reasons why you should go for DigiGold
Gold Is Clearly Being Replaced by Digital Gold
Precious metals (PM) markets have been trading a bit higher in recent days, while cryptocurrency markets have been seeing gains as well. As PMs have gathered strength this week, crypto-asset markets are still inching closer toward gold’s and silver’s market valuations. In fact, bitcoin’s market capitalization is just below silver’s $1.47 trillion markets.
Gold, Silver Jump to 10-Week Highs as Dollar and Yields Decline
Gold and silver jumped to the highest since February as the dollar extended declines and U.S. Treasury yields slipped, with investors turning to Friday’s job report to gauge the strength of the economy.
Gold firms as U.S. yields ease, discoursed by Yellen Comments
Gold firmed on Wednesday as the dollar and U.S. Treasury yields eased, while palladium held near record highs propped up by supply constraints. Gold market is kind of discounting what…
Gold Holds Decline as Yellen Clarifies Remarks on Interest Rates
Gold held a drop after Treasury Secretary Janet Yellen clarified comments on borrowing costs and inflation that had earlier ruffled financial markets. Yellen said Tuesday afternoon she wasn’t forecasting interest-rate…
Gold, Silver Retreat as Dollar Steadies Before Key Economic Data
Spot gold and silver gave up gains as the dollar steadied ahead of key economic data from the U.S. and central bank meetings this week. Data on the U.S. trade balance, factory orders and durable goods are due Tuesday and the April unemployment rate will be released on Friday, throwing further light on the country’s economic recovery. The Bank of England’s rate decision is also slated for Thursday.
ETF Investors Dump $17 Billion Of Gold, Most In 8 Years
Globally, ETF investors dumped the most volume of gold since 2013 over the six months through March 31. It was no small quantity. The total sold amounted to a whopping 307.8 metric tons worth $17.5 billion at recent prices, according to a recent report from industry group World Gold Council.
Gold gains ground as Yellen clams US Inflation fears
Gold advanced after its first weekly decline in four as U.S. Treasury Secretary Janet Yellen said the president’s economic plan won’t stoke inflationary pressures. President Joe Biden’s economic plan is unlikely to create inflation pressure in the U.S. because the boost to demand will be spread over a decade, Janet Yellen, the former Federal Reserve chair said.
Gold-Backed Cryptocurrency Market
A gold-backed cryptocurrency is a derivative digital asset whose value is supposedly underwritten by the equivalent price in gold. A coin or token issued that represents a value of gold; for example, one physical gram of gold equals one coin.
How has gold demand and supply effectuated in Q1-2021?
Hereby we present, the highlights of the World Gold Council’s Gold Demand Trends Report which talks about Gold Market Fundamentals in Q1-2021. Looking ahead, we believe annual mine production looks set to hit a new all-time high in 2021, barring unexpected disruptions, but recycling is likely to remain subdued.
China’s Q1 gold consumption jumps 93.9% y/y on robust demand
China’s gold consumption in the first quarter rose 93.9% from the same period a year earlier to 288.2 tonnes, and Gold output in the January-March period fell 9.92% to 74.44…