Tag Archives: Gold

Gold Has Beaten the Market Over Multiple Time Periods

Gold Has Beaten the S&P 500 Index So Far This CenturyU.S. Global Investors Global uncertainty made gold a holiday winner for investors seeking a relatively safe haven. U.S. stocks just logged their worst year since 2008—their worst December since 1931—as fears over global trade, ballooning debt, the end of accommodative central bank policy and a U.S. government shutdown unsettled investors. ... Read More »

Bank FDs vs gold vs stocks: How much you would have earned

Photo: iStock Various asset classes give different returns, which is why a portfolio must have an ideal mix of investments. Here’s how four asset types have done in different periods. Click here for enlarge [“Source-livemint”] Read More »

Still interested in gold investments? Here’s how to go about it

Gold investments fetch just 5-6% returns, which are not much compared to 10-12% returns investors get in the equity and real estate markets. Photo: Pradeep Gaur/Mint India no longer seems to be a gold-obsessed country. This year, total gold demand in January-March 2018 fell by 12% in volume and 8% in value, according to data released by World Gold Council ... Read More »

Global Cues Lift Gold Prices To 7-Week Highs

Sustained buying by local jewellers kept gold prices elevated, traders said. New Delhi: Rising for the third straight day, gold prices jumped by Rs. 100 to trade at a seven-week high of Rs. 30,750 per 10 grams at the bullion market on Saturday amid a firm trend overseas and local buying push. Silver too gained Rs. 100 to Rs. 39,900 per kg, backed by increased offtake by industrial units ... Read More »

Deutsche Bank to pay $60 million to settle U.S. gold price-fixing case

Deutsche Bank AG has agreed to pay $60 million to settle private U.S. antitrust litigation by traders and other investors who accused the German bank of conspiring to manipulate gold prices at their expense. The preliminary settlement was filed on Friday with the U.S. District Court in Manhattan, and requires a judge’s approval. Deutsche Bank denied wrongdoing. The bank in ... Read More »

First Direct wins gold for customer satisfaction

First Direct has been voted the best bank for customer service in a new poll – but HSBC, its parent company, was ranked the worst. More than 8,000 users of Martin Lewis’s MoneySavingExpert website took part in the survey, which is carried out twice a year. It focuses on what people think about the service offered by their current account ... Read More »

Gold price futures drops on weak global trends

Gold futures fell by 0.21 per cent to Rs 30,493 per 10 grams on Wednesday as participants cut their bets amid a weak global trend. Besides, profit-booking by speculators weighed on gold prices. At Multi Commodity Exchange, gold for delivery in August shed Rs 65 or 0.21 per cent to Rs 30,493 per 10 grams in a business turnover of ... Read More »

Chinese bank buys secret London vault which can store $80bn of gold

A secret London vault, which can store more than $80bn (£57bn) in gold bullion, is being sold by Barclays to China’s ICBC Standard bank for an undisclosed sum. The facility is located inside the M25 and has the capacity to store 2,000 tonnes of gold. And while further details about the vault are scarce, it is said to be one ... Read More »

Gold, silver extend gains on global cues, jewellers buying

CHENNAI: India’s foreign exchange reserves increased marginally to $361.60 billion as on April 22, 2016, the Reserve Bank of India (RBI) said. According to RBI’s forex data the reserves stood at $361.60 billion as on April 22 against $360.25 billion for the week ended April 15, 2016. As on April 22, foreign currency assets stood at $337.53 billion, gold $20.11 ... Read More »

Gold, silver prices rise on global cues, seasonal buying

Gold prices rose by Rs 180 to Rs 29,430 per ten grams at the bullion market on Saturday, tracking a firm global trend and pick up in buying by jewellers and retailers, amid wedding season demand. Silver also edged up by Rs 50 to Rs 38,700 per kg on higher demand from industrial units and coin makers. Traders said that ... Read More »