Golds Archives - Page 2 of 3

India’s total foreign exchange reserves increased by 78%, growing from $393.735 bn to $701.176 bn as of early October 2023

Gold’s share in India’s foreign exchange reserves rises over 209% since...

PGurus Newsdesk - October 17, 2024 0

RBI's gold holdings rise by 27.46 metric tonnes As India's foreign exchange reserves surpass $700 billion, the share of gold in the country's forex reserves...

Money is one-half of all monetary transactions we conduct, and by manipulating interest rates, the Federal Reserve is distorting capital allocation, which ought to be a core market function

Economy

November 07th FOMC meet – To cut or not to cut?

Shanmuganathan Nagasundaram - October 11, 2024 0

Should they? Will they? The second question is much easier to answer, and we will start with that. Much like the September 18th, the US...

The 21 mn supply limit highlights Bitcoin's lack of utility, and one hopes proponents, especially among Austrian Economists, acknowledge this

Economics

Bitcoin’s 21 mn supply limit – Feature or a Bug?

Shanmuganathan Nagasundaram - September 24, 2024 1

Bitcoin's 21 million limit? No issue has divided the community of Austrian Economists/ Libertarians as Bitcoin has. Several other intellectually contentious matters, such as whether...

Regardless of whether Trump or Harris leads, the fate of the US Dollar seems sealed—its true value nearing zero

Economy

Trump Vs Harris – Does it matter?

Shanmuganathan Nagasundaram - September 15, 2024 1

America's final vote before the Dollar dilemma? This is possibly the last US Presidential election before the US faces a currency crisis – a prolonged...

This is one of the biggest movements of gold undertaken by the country since 1991

Finance

India brings 100 metric tonnes of gold back from UK, fills...

PGurus Newsdesk - May 31, 2024 0

RBI transfers 1 lakh kg of gold from UK back to India, the first such move of this quantum since 1991 According to sources, India...

The growth trends point towards strong economic activity in user sectors such as energy, infrastructure, construction, automotive and machinery

Economy

India records robust growth in mineral production for 2023-24

PGurus Newsdesk - April 4, 2024 1

Mining sector sees record production in FY24 India’s index of mineral production for February 2024 rose to 139.6, which is 8 percent higher compared to...

Rise in US rates was the factor that prevented any upside for gold or rather limited it for almost one year now despite high global inflation

Economy

Gold to move at a faster pace in 2024: Report

PGurus Newsdesk - December 30, 2023 0

Gold to hit fresh highs in 2024 The price of gold is expected to test levels from $2,060 to $2,090 per ounce, and on any...

The price targets for gold remain at $1,990 and $2,030

Markets

Yellow Metal may trend higher amid geopolitical uncertainty, says Emkay Wealth

PGurus Newsdesk - October 24, 2023 0

Gold has benefited from the Middle East conflict Gold is expected to trend higher in the immediate term. Technically, the price targets for gold remain...

Moving on to a more practical concern, it really doesn't matter how high Gold rises, but rather how low the Dollar will fall

Economy

Gold at @2000/Oz. How high can it go?

Shanmuganathan Nagasundaram - April 5, 2023 1

Gold in the Goldilocks zone With Gold touching $2000, this is going to be one of the popular topics for conversations in the media and...

India's merchandise imports in March 2022 increased by 24.21 percent over last year to $60.74 billion from $48.90 billion

Commerce

India’s merchandise exports for March surge over 19% YoY basis

PGurus Newsdesk - April 14, 2022 0

Merchandise exports surge over 19%, imports 24% As per the official data released on Wednesday, India's March 2022 merchandise exports rose to $42.22 billion, higher...