While other asset classes have risen rapidly this year, there has been less talk about gold recently. Compared to 2020, when we saw a breathtaking record-run, 2021 has been much calmer. Gold prices have moved gradually lower. Why have investors been staying on the sidelines?
Commodity experts said that gold price had hit 9-month high last week and hence profit-booking was expected. They advised investors to take this dip as a buying opportunity because precious yellow metal is trading in the profit-booking range of $1830 to $1850 per ounce in international market.
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman announced clearance to three key projects worth more than Rs 500 crore for International Financial Services Centres Authority (IFSCA) in her visit to GIFT-City in Gujarat’s Gandhinagar, informed the Ministry of Finance on Saturday.
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