State of India Gold Market Gold being one of the largest financial asset in the world. It has witnessed significant growth in recent years. During 2000, gold was priced at just $460 per ounce when adjusted for inflation. By August 2021, that number had inflated to roughly $1,815 per ounce. It has come a long way. We asked an update on Gold and its current situation and its way ahead.
Oct 2021
Mr. Haresh Acharya//Mr. Karthick Kappuraj//Mr. Vipin Raina//Mr. Viral Lodhiya
Director, Governing Council, IBJA//State Vice President, IBJA, Tamil Nadu//President Bullion Sales and Trading//Managing Director, Sovereign Metals
IBJA//MMTC-PAMP//Sovereign Metals
Update on INR and Gold Spot Todays coiling is tomorrow’s breakout. The Indian rupees weakness in September was partly driven by suspected RBI intervention as reported by Interbank Dealers, after it hit as high as 72.920 against the US dollar on 1st September.
Oct 2021
Mr. Ram Pitre
Equity, Commodity & Commodity Strategist
ECOFIN CONSULTANT LLP