Gold trading News
Post introduction of gold spot exchanges, the market in Turkey and China witnessed growth and improvement, WGC said.
Gold demand in Asia tapered off this week as buyers took to the sidelines in India to await a new national tax policy and as China entered a seasonal slowdown.
Gold made some decent recovery by rising Rs 50 to 30,700 per 10 grams at the bullion market in the national capital today, aided by increased buying by jewellers to meet wedding season demand coupled with a firm global trend.
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Sovereign gold bonds will begin trading on stock exchanges for the first time from Monday, providing investors a greater choice to diversify portfolio without the need to buy the metal in physical form.
Gold was trading close to a seven-week peak on Wednesday as weakness in the dollar and global equities prompted investors to seek safety in the precious metal.
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