How NRIs can allocate gold in a Rs 1 crore India portfolio
Financial advisors suggest NRIs in India put 5–10% of a Rs 1 crore portfolio into gold, alongside equities and fixed income, while considering taxes and repatriation needs.
Gold Market
Market News
Daily movements in the gold market and what is driving them.
Gold rises for third straight week, hits near $4,603
Gold rose 5% to nearly $4,603, its third straight weekly gain. A weaker US dollar and Treasury buybacks supported the rally, though the World Gold Council expects near-term prices to stay rangebound.
Gold regains momentum on weak dollar, safe-haven demand and seasonal buying
Gold prices have surged sharply in August, supported by a weaker US dollar, expectations of monetary easing, geopolitical tensions, and sustained central-bank purchases. Strong Chinese demand and India’s upcoming festive and wedding season add further support.
Tata Mutual Fund lifts restrictions on gold ETF investments
Tata Mutual Fund has removed limits on large investments in its Gold ETF and Gold ETF Fund of Funds after market conditions normalised, joining HDFC and Invesco in easing curbs imposed earlier this year.
Gold may exceed Goldman Sachs’ $4,900 target on options demand
Goldman Sachs now sees gold potentially exceeding its $4,900 year-end forecast, driven by rising call-option activity, Western investor interest and sustained central bank buying.
Gold hits three-month high as weaker dollar boosts rally
Gold prices climbed to a three-month high on Friday, extending gains for a third consecutive week as a softer US dollar and positive technical signals attracted investors.
Seven consumer discretionary stocks hit 52-week highs as Sensex flattens
Seven stocks from the BSE Consumer Discretionary Index hit fresh 52-week highs on Friday, recording monthly gains of 8% to 37% even as the broader Sensex remained flat.
Gold heads for third weekly gain as dollar softens
Spot gold rose 0.5% to $4,540.18 on Friday and has gained 3.6% this week, helped by a softer dollar and Treasury buyback plans.
Gold loan stocks jump up to 7% as gold price tops Rs 1.6 lakh
Shares of gold loan lenders Muthoot Finance, Manappuram Finance, and IIFL Finance rose up to 7% in two sessions after gold prices crossed Rs 1.6 lakh per 10 grams on the MCX.