Topic: Gold

Warsaw: The National Bank of Poland approved a plan to buy as much as 150 tons of gold, which would increase the country’s holdings...

Planes, iPhones, soda cans, electric cars and appliances, aluminium is key to modern life and the global economy. It is trading at a three-year high, near $2,900 per metric ton.

Gold has a track record of increasing in value in times of market stress. Owning gold is also rooted in Indian and Chinese cultures, 2 of the world’s largest markets for the metal, where jewellery & bars are passed down through generations.

The retreat in prices this week, while huge for such a steady asset, has still only brought gold back to where it was little more than a week ago. The metal is still up this month, and has gained about 55% this year.

The company said initial output will be around 500 kg a year, rising to nearly 1,000 kg annually once statutory clearances are secured. 

Economic analysts around the world are pointing to significant changes in global monetary and financial conditions behind the surge in gold prices.

Gold is now firmly established as another investment asset, along with stocks and bonds. These days, its investment role is as part of a diversified portfolio, not as a hedge.

In Episode 1618, Editor-in-Chief Shekhar Gupta explains how government policies and gold smuggling are connected, and why the smuggling curse is back.

The gold price today in Mysore isn’t just a plain number, it’s an opportunity to maximise your investments. Learn how to make informed buying, selling, and borrowing decisions based on the gold rate today

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