• Home
  • About Us
  • Disclaimer
  • Contact
Sunday, March 7, 2021
News Monks
  • .
  • National
    • All
    • Dehradun
    • Delhi
    • Gujarat
    • Hyderabad
    • Indor
    • Jammu & Kashmir
    • Kolkata
    • Maharashtra
    • Panjab
    • Rajasthan
    • Tamilnadu
    BSc (H) Nursing course commences with lamp lighting ceremony at Army Hospital (Research & Referral)

    BSc (H) Nursing course commences with lamp lighting ceremony at Army Hospital (Research & Referral)

    DST schemes encourage women to dream despite societal challenges

    DST schemes encourage women to dream despite societal challenges

    MARRIOTT INTERNATIONAL CELEBRATES WOMEN’S DAY WITH A TEMPTING LIMITED TIME OFFER

    MARRIOTT INTERNATIONAL CELEBRATES WOMEN’S DAY WITH A TEMPTING LIMITED TIME OFFER

    Bharat Biotech Welcomes the Gesture of Hon’ble PM Narendra Modi in Taking First Dose of Covid-19 Vaccine

    Bharat Biotech Welcomes the Gesture of Hon’ble PM Narendra Modi in Taking First Dose of Covid-19 Vaccine

    Britannia Tiger launches Krunch Khao, Punch Dikhao campaign with Sonu Sood to teach children lessons in self-defense

    Britannia Tiger launches Krunch Khao, Punch Dikhao campaign with Sonu Sood to teach children lessons in self-defense

    Hon’ble Finance Minister Nirmala Sitharaman joins the leaders of tomorrow at IIM Ahmedabad for an interactive session

    Hon’ble Finance Minister Nirmala Sitharaman joins the leaders of tomorrow at IIM Ahmedabad for an interactive session

    Reunion Café launch in Ahmedabad

    Reunion Café launch in Ahmedabad

    Paytm Payments Bank empowers FASTag users with fast redressal mechanism

    Paytm Payments Bank empowers FASTag users with fast redressal mechanism

    Airtel brings premium Education content to its DTH platform

    Airtel and Qualcomm to collaborate for 5G in India

    Raksha Mantri Shri Rajnath Singh inaugurates DRDO Skill Development Centre for Fire Safety Training

    Raksha Mantri Shri Rajnath Singh inaugurates DRDO Skill Development Centre for Fire Safety Training

    Trending Tags

    • Gujarat CM
    • PM Modi
    • Hotel
    • indian team
    • India
    • Indian Army
    • hotstar
    • Gujarati
    • Modi
    • Mrs India
    • corona
    • Covid-19 Coronavirus
    • Gujarat
    • Maharashtra
    • Delhi
    • Rajasthan
    • Jammu & Kashmir
    • Tamilnadu
  • International
  • BusinessIn Trend
    • All
    • Automobile
    • Aviation
    • E Commerce
    • Economy
    • Electronics
    • Finance
    • Food and Beverage
    • Real Estaete
    • Share Market
    • Travel
    PC - Google

    Sweden-India Mobility Hackathon concludes with innovative, winning solutions for Safe and Sustainable Transport

    THIS WOMEN’S DAY, CHOOSE TO BECOME FINANCIALLY INDEPENDENT

    THIS WOMEN’S DAY, CHOOSE TO BECOME FINANCIALLY INDEPENDENT

    Paytm Money becomes India’s growth enabler for wealth products, aims at 10 million users & 75 million yearly transactions in FY’22

    Paytm Money becomes India’s growth enabler for wealth products, aims at 10 million users & 75 million yearly transactions in FY’22

    XERTZ launched Duraflex B-10 wireless earphones in India with flexible band and silicone case at an exciting price of Rs.799

    XERTZ launched Duraflex B-10 wireless earphones in India with flexible band and silicone case at an exciting price of Rs.799

    Havmor Ice Cream urges every women to make a difference this International Women’s Day

    Havmor Ice Cream urges every women to make a difference this International Women’s Day

    • Automobile
    • Finance
    • Share Market
  • Sports
    • Cricket
  • Entertainment
    • Event
    • Movies
    • Television
  • Health
  • Politics
  • TechHot
    • All
    • Android Os
    • Apple
    • Laptop
    • Mobile
    • SEO / eMarketing
    • Tablet PC
    • Windows
    Learning from Home: How Samsung Tabs Made Learning More Fun for Pre-Primary Children

    Learning from Home: How Samsung Tabs Made Learning More Fun for Pre-Primary Children

    Toshiba facility certified as Japan-India Institute for Manufacturing

    Toshiba facility certified as Japan-India Institute for Manufacturing

    #FullOnSpeedy Samsung Galaxy F62 Goes on Sale with Exciting Offers

    #FullOnSpeedy Samsung Galaxy F62 Goes on Sale with Exciting Offers

    Realme unveils new additions to its narzo series

    Realme unveils new additions to its narzo series

    Paytm Payments Bank empowers FASTag users with fast redressal mechanism

    Paytm Payments Bank empowers FASTag users with fast redressal mechanism

    • Mobile
    • Laptop
    • SEO / eMarketing
  • Spiritual
No Result
View All Result
  • .
  • National
    • All
    • Dehradun
    • Delhi
    • Gujarat
    • Hyderabad
    • Indor
    • Jammu & Kashmir
    • Kolkata
    • Maharashtra
    • Panjab
    • Rajasthan
    • Tamilnadu
    BSc (H) Nursing course commences with lamp lighting ceremony at Army Hospital (Research & Referral)

    BSc (H) Nursing course commences with lamp lighting ceremony at Army Hospital (Research & Referral)

    DST schemes encourage women to dream despite societal challenges

    DST schemes encourage women to dream despite societal challenges

    MARRIOTT INTERNATIONAL CELEBRATES WOMEN’S DAY WITH A TEMPTING LIMITED TIME OFFER

    MARRIOTT INTERNATIONAL CELEBRATES WOMEN’S DAY WITH A TEMPTING LIMITED TIME OFFER

    Bharat Biotech Welcomes the Gesture of Hon’ble PM Narendra Modi in Taking First Dose of Covid-19 Vaccine

    Bharat Biotech Welcomes the Gesture of Hon’ble PM Narendra Modi in Taking First Dose of Covid-19 Vaccine

    Britannia Tiger launches Krunch Khao, Punch Dikhao campaign with Sonu Sood to teach children lessons in self-defense

    Britannia Tiger launches Krunch Khao, Punch Dikhao campaign with Sonu Sood to teach children lessons in self-defense

    Hon’ble Finance Minister Nirmala Sitharaman joins the leaders of tomorrow at IIM Ahmedabad for an interactive session

    Hon’ble Finance Minister Nirmala Sitharaman joins the leaders of tomorrow at IIM Ahmedabad for an interactive session

    Reunion Café launch in Ahmedabad

    Reunion Café launch in Ahmedabad

    Paytm Payments Bank empowers FASTag users with fast redressal mechanism

    Paytm Payments Bank empowers FASTag users with fast redressal mechanism

    Airtel brings premium Education content to its DTH platform

    Airtel and Qualcomm to collaborate for 5G in India

    Raksha Mantri Shri Rajnath Singh inaugurates DRDO Skill Development Centre for Fire Safety Training

    Raksha Mantri Shri Rajnath Singh inaugurates DRDO Skill Development Centre for Fire Safety Training

    Trending Tags

    • Gujarat CM
    • PM Modi
    • Hotel
    • indian team
    • India
    • Indian Army
    • hotstar
    • Gujarati
    • Modi
    • Mrs India
    • corona
    • Covid-19 Coronavirus
    • Gujarat
    • Maharashtra
    • Delhi
    • Rajasthan
    • Jammu & Kashmir
    • Tamilnadu
  • International
  • BusinessIn Trend
    • All
    • Automobile
    • Aviation
    • E Commerce
    • Economy
    • Electronics
    • Finance
    • Food and Beverage
    • Real Estaete
    • Share Market
    • Travel
    PC - Google

    Sweden-India Mobility Hackathon concludes with innovative, winning solutions for Safe and Sustainable Transport

    THIS WOMEN’S DAY, CHOOSE TO BECOME FINANCIALLY INDEPENDENT

    THIS WOMEN’S DAY, CHOOSE TO BECOME FINANCIALLY INDEPENDENT

    Paytm Money becomes India’s growth enabler for wealth products, aims at 10 million users & 75 million yearly transactions in FY’22

    Paytm Money becomes India’s growth enabler for wealth products, aims at 10 million users & 75 million yearly transactions in FY’22

    XERTZ launched Duraflex B-10 wireless earphones in India with flexible band and silicone case at an exciting price of Rs.799

    XERTZ launched Duraflex B-10 wireless earphones in India with flexible band and silicone case at an exciting price of Rs.799

    Havmor Ice Cream urges every women to make a difference this International Women’s Day

    Havmor Ice Cream urges every women to make a difference this International Women’s Day

    • Automobile
    • Finance
    • Share Market
  • Sports
    • Cricket
  • Entertainment
    • Event
    • Movies
    • Television
  • Health
  • Politics
  • TechHot
    • All
    • Android Os
    • Apple
    • Laptop
    • Mobile
    • SEO / eMarketing
    • Tablet PC
    • Windows
    Learning from Home: How Samsung Tabs Made Learning More Fun for Pre-Primary Children

    Learning from Home: How Samsung Tabs Made Learning More Fun for Pre-Primary Children

    Toshiba facility certified as Japan-India Institute for Manufacturing

    Toshiba facility certified as Japan-India Institute for Manufacturing

    #FullOnSpeedy Samsung Galaxy F62 Goes on Sale with Exciting Offers

    #FullOnSpeedy Samsung Galaxy F62 Goes on Sale with Exciting Offers

    Realme unveils new additions to its narzo series

    Realme unveils new additions to its narzo series

    Paytm Payments Bank empowers FASTag users with fast redressal mechanism

    Paytm Payments Bank empowers FASTag users with fast redressal mechanism

    • Mobile
    • Laptop
    • SEO / eMarketing
  • Spiritual
No Result
View All Result
News Monks
No Result
View All Result
ADVERTISEMENT

Hope remains high for bullion; Gold expected to trade in Rs. 48,500-53000/10gm range : Motilal Oswal Financial Services

NM by NM
4 months ago
in Economy, Finance
4 min read
4 0
0
For the first time in a decade, the RBI sold so many tons of gold
6
SHARES
46
VIEWS
Share on WhatsappShare on FacebookShare on Twitter
ADVERTISEMENT

As per a report – Commodity Insight: Gold Crackles this Diwali, Motilal Oswal Financial Services recommends accumulating gold with every dip towards Rs.49, 500-48,500, which is a good range to buy with short-term upsides being capped around Rs.52,000 – 53,000. Comex Gold is expected to form a base around $1880 – 1840, while rallies are likely to be capped in the range of $1940 – $1975. On the longer-term perspective, Motilal Oswal Financial Services maintains the target of $2500 on the Comex and Rs.65000-67000 on domestic front.

Gold’s performance in Diwali season

ADVERTISEMENT

Over the last decade, gold in India has given a return of 159%. When compared to the equities, Dow Jones has given around 154% and the domestic equity index Nifty 50 has given 93% returns in the same period, which makes gold a star performer and particularly justifying the objective of protecting against inflation and depreciating rupee for Indian investors. Gold has performed very well till now on YoY basis. Except for the small dips in between, gold prices have not disappointed investors.

 Diwali Returns
 10 Yr5 Yr1 Yr
Gold (MCX)159%99%33%
Nifty93%50%3%
Dow154%61%6%
Source: Reuters
   Source : Goldpriceindia.com

Central bank policies and Demand, Supply scenario for gold

Central banks cut interest rates and provided liquidity in the market to support the ailing economy. Global interest rates are currently near zero level and are expected to remain low for some time. Fed Chairman in his past policy statement has mentioned that it might not go into negative territory w.r.t. interest rates, but keep these low levels till 2023. According to WGC, India’s gold demand in the fourth quarter is expected to recover after falling 30% in the previous quarter as festivals are expected to strengthen retail jewellery purchases. They expect Q4 would be better than Q3 due to pent-up demand and festivals.

Demand for the precious metal usually spikes towards the end of the year in India, as buying gold for weddings and major festivals such as Diwali and Dussehra is considered auspicious. As much we see an improvement in the overall sales and demand, situation is not improving and the uncertainties hovering around the world has dented the physical gold market to some extent. There are two scenarios here, impact of the pandemic and the lockdown situation is affecting the physical demand and on the other hand higher prices have forced investors to take some time before they start to accumulate, hence demand during fourth quarter could be lower than the 194.3 tonnes recorded last year as consumers are struggling to adjust to near record high prices. India’s gold demand in the first three quarters fell 49% from a year earlier to 252.4 tonnes as coronavirus-triggered lockdowns hit jewellery demand. While overall gold consumption fell, demand for coins and bars, known as investment demand, jumped 51% in the third quarter as rising prices attracted investor, keeping the sentiment high.

Gold’s performance and influencing factors

Gold in this year has touched an all-time high on both COMEX as well as on domestic bourses. The yellow metal consolidated after touching an all-time high of ~$2085 and ~Rs.56,400, with the overall uncertainties providing a strong floor at lower levels. A massive 40% return in just half year supported by strong fundamentals gives a boost to the metal is a very attractive scenario for the metal. Prices gained at the start of the year as investors worried about the impact of trade war between US and China, Central banks accommodative stance & stimulus measures, excess liquidity, Covid-19 relief bill, lower bond yields, but now Impact of the pandemic and updates regarding the US Presidential election in the recent past has forced market participants to take a cautious approach. All these factors along with volatility in Rupee have impacted the domestic prices.

Outlook

A significant price rally is witnessed this year triggered by the uncertainties hovering in the market, impact of the pandemic and also a depreciating rupee. Coming few months after the US Presidential election will be very important to define gold’s short to medium term trajectory. Central banks stance, low interest rates and yields, spillover effect of excess liquidity in the market, impact of pandemic and other concerns could set a perfect picture for a gold rally in the long term. The pace of the rally could depend on the updates on US Presidential election, Covid relief bill, development in the pandemic numbers and its vaccine and few other factors although sentiments does look positive for this Diwali too, keeping the hopes high for bullion.

Tags: GoldGoldNoteMotilal Oswal Group
NM

NM

Related Posts

THIS WOMEN’S DAY, CHOOSE TO BECOME FINANCIALLY INDEPENDENT
Social

THIS WOMEN’S DAY, CHOOSE TO BECOME FINANCIALLY INDEPENDENT

March 6, 2021
Paytm Money becomes India’s growth enabler for wealth products, aims at 10 million users & 75 million yearly transactions in FY’22
Business

Paytm Money becomes India’s growth enabler for wealth products, aims at 10 million users & 75 million yearly transactions in FY’22

March 6, 2021
ADIDAS CELEBRATES VARIOUS FORMS OF MOVEMENT TO RALLY WOMEN AS DRIVERS OF CHANGE FOR ONE ANOTHER WITH THE LAUNCH OF WATCH US MOVE CAMPAIGN
Business

ADIDAS CELEBRATES VARIOUS FORMS OF MOVEMENT TO RALLY WOMEN AS DRIVERS OF CHANGE FOR ONE ANOTHER WITH THE LAUNCH OF WATCH US MOVE CAMPAIGN

March 5, 2021

Tags

Acer Agriculture Ahmedabad amazon Automobile Aviation BMW bollywood Business colors corona Covid19 Covid 19 Cricket Digpu education entertainment Etihad Airways event finance go air Health India Jagruti Kaila Medical MOBILE Movie Niti Sejpal "Titli" PayTm Politics samsung SHAMIM MERCHANT shilpa shah SHILPA Shah Director In-charge HKBBA College Smartphone Social Sony TV Sports Technology television VR Darshana Ranpura VR Niti Sejpal VR Sunil Gohil weather webinar
  • Live
  • Upcoming
  • Ended
Pause Play Play Play
SymbolNameLast Price% Change
BrandPAPA - Your Branding Buddy

Ad.

ADVERTISEMENT

NEWS MONKS

News Monks is the News portal who has great reach with the best seo and social media boosting activities. PR agency can contact on newsmonks@gmail.com for more information.

  • About Us
  • Disclaimer
  • Contact

Scan for Mobile

DMCA.com Protection Status

Live Forex Dashboard: 

Forex Rates by TradingView

Hindi News Portal

English, Hindi & Gujarati Poems

Gujarati News Portal

Facebook  | Linkedin  | Instagram

© 2018 – 2020 NewsMonks –  All rights Reserved. Developed & Owned by eMobitech Solutions.

No Result
View All Result
  • .
  • National
    • Gujarat
    • Maharashtra
    • Delhi
    • Rajasthan
    • Jammu & Kashmir
    • Tamilnadu
  • International
  • Business
    • Automobile
    • Finance
    • Share Market
  • Sports
    • Cricket
  • Entertainment
    • Event
    • Movies
    • Television
  • Health
  • Politics
  • Tech
    • Mobile
    • Laptop
    • SEO / eMarketing
  • Spiritual

© 2018 All Rights Reserved by eMobitech.com

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In