Rajesh Bhayani

3 weeks ago | financialexpress.com | Rajesh Bhayani

Ahead of US President Donald Trump’s imposition of reciprocal tariff from April 2, gold prices on Tuesday hit an all-time high as investors sought safety amid the stock-market meltdown.  In the international market, spot gold prices hit $3,148/ounce. From $2,624 at the beginning of the year, prices have so far appreciated 20% in 2025. In Mumbai’s Zaveri Bazar spot market, gold prices (99.5% purity or standard gold) have gained 20% this calendar year.

1 month ago | financialexpress.com | Rajesh Bhayani

It’s a double whammy for the gold jewellery industry. Already reeling under loss of demand due to high prices — 15.7% increase since January —  the industry is now facing liquidity crunch due to margin calls from banks on their metal loans.   Almost one-fifth of the jewellery industry is dependent on gold metal loans from banks to manage liquidity and inventories. That is, they borrow gold bars from banks, make jewellery and pay back banks from sale proceeds.

1 month ago | rediff.com | Rajesh Bhayani

The trigger for international gold prices rising to $3,000 per ounce was Germany's upcoming heavy government borrowing. Kindly note the image has been posted only for representational purposes. IMAGE: People buying gold ornaments at a jewellery store. As gold traded at Rs 90,500 to Rs 90,800 per 10 grams in Mumbai's spot bullion market, tracking international gold prices that hit record highs and crossed $3,000 per ounce on Friday, domestic demand has taken a hit, say industry players.

2 months ago | financialexpress.com | Rajesh Bhayani

India’s gold imports rose 5% at 802.8 tonne on a year-on-year basis in 2024 due to high investment demand and big purchases by the Reserve Bank of India, according to the latest data by the World Gold Council. However, high prices dented jewellery demand by 2% to 563.4 tonne.The total investment demand for 2024 increased by 29% to 239.4 tonne and in the December quarter up 14% to 76 tonne.

Nov 17, 2024 | financialexpress.com | Rajesh Bhayani |Akshata Gorde

With the stock market becoming volatile with a downward bias and guidelines in the derivatives market getting tighter in the next couple of days, the almost-dead dabba trading seems to have got a new lease of life in the past couple of months. Market experts said that in terms of volumes, dabba trading is likely to have reached a whopping Rs 100 lakh crore per day.