Knowledge Series

Top Budget Expectations from the Bullion Industry

Knowledge Series

Indian Bullion industry comprises around 6 lakhs jewellers and this thriving industry sustains approximately 4.3 million jobs, contributes about 10% to the country’s merchandise exports, and significantly impacts the overall economic growth. Therefore, Bullion industry participants expect many changes in this interim budget to make this industry more organized and transparent.

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Add a glitter of gold to your portfolio in 2024

Knowledge Series

2024 promises to be one of the most significant years in economic, political, and financial history. Elections will also be held in Taiwan, India, Europe, the United Kingdom, and the United States in 2024. Adding gold to your portfolio is one way to do so, as it can help offset some of the risk from other assets. What is the ideal portfolio allocation to gold for higher risk adjusted return?

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Gold and Silver expected to rise 10% and 20% respectively in 2024

Knowledge Series

Gold has created a triple top resistance around $2080 (~ Rs 63400) in the last three years. In 2023, Gold prices attempted to clear this resistance for a single day, but did not sustain. A lot of positive news, follow-through buying and fear would be required for prices to surpass that level. Once it does, though, the possibilities are that the bull run won’t end until $2300 (~Rs 70000). I remain optimistic in Silver too, predicting a 20% higher target of $30/oz (~Rs 90000) by the end of the year 2024.

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Should you buy Gold this Dhanteras and Diwali?

Knowledge Series

It is considered very auspicious to buy gold during the Dhanteras- Diwali festive season in India. Since Diwali last year, Gold prices have risen over 20% from the level of ₹50000/ 10 gm in the Indian market to almost ₹60000 now. Silver has outperformed gold rising around 25% since last Diwali.

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Supporting factors for Gold in this downfall

Knowledge Series

Gold may remain volatile in the immediate term, reacting to inflation, economic indicators, and interest rate trajectory discussions. However, I am bullish on gold for the next 6-12 months. I don’t think, prices will sustain below $1860 (Rs 57000/ 10 gm) and it will rebound soon and head higher towards Rs 60000/10 gm in the next 2-3 months and probably a new high in the first half of the year 2024.

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Investing In Gold – Lumpsum Or SIP? What Is Better?

Knowledge Series

In the last 20 years, the average CAGR return on gold is 12%, so whenever gold prices correct from their recent high, investors jump to buy gold. But there is always confusion among investors about whether to invest in Gold through a lumpsum amount or if they should go for a SIP. In this Knowledge series, the pros and cons of both lumpsum investment and SIP investment have been stated, so that investors can take a proper decision.

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SWOT ANALYSIS ON GOLD PRICE MARKET

Knowledge Series

SWOT Analysis is a strategic management technique to understand the Strengths and Weaknesses of the market and also to recognize future Opportunities and Threats. To understand the future trajectory of record-high gold prices, let’s look at its SWOT Analysis.

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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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Union Budget 2023 Review for Bullion Industry

Knowledge Series

The import duty on silver bars and silver doré has been increased and is now aligned with that of gold and platinum. Moreover, the conversion of physical gold into EGR and vice-versa has been exempted from Capital Gains – this will enable EGRs to become more popular.

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Top 7 reasons that will take Silver prices to new highs

Knowledge Series

After eight months of downward momentum, now finally silver has started its bull run in the last week of November. Silver prices had been trading in the range of Rs $18 (~54000/kg) to $22 (~Rs 63000/kg) for the last six months. This range is finally broken now, so buying on dips is advised, as prices could touch record highs in the year 2023 for the various reasons discussed here.

#Silver #bullrun #demand

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