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Economic Times
13-05-2025
- Business
- Economic Times
Gold rises 1.3% as global tensions push investors towards safer haven
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Gold went up by 1.36 per cent on Tuesday compared to the day before to touch Rs 94,344 per 10 gm at the retail level. With a Goods & Services Tax (GST), a customer has to pay Rs 96724 per 10 gm at the jewellery Porwal, Co-Founder of Dezerv, a wealth management company, said, "Gold has doubled in the last five years and is trading at an all-time high. There have been multiple periods in the past decade where significant gaps emerged between returns from gold and equities.'Three key reasons why gold prices are peaking right now: global tensions are pushing investors towards safer assets, the US recession fears are creating market panic, and a weakening dollar is enhancing gold's continues to serve as a crucial hedge against currency volatility and geopolitical risks, offering stability during uncertain times.'Its inherent value transcends market cycles and currency fluctuations, making gold both portfolio insurance during market turbulence and a strategic asset capable of enhancing overall long-term returns. Unlike equities, fixed income, or real estate, which require extensive analysis and expertise, gold offers simplicity. It doesn't demand specialised knowledge or significant time investment, making it accessible to all investors,' said gold prices have fallen from the high of Rs 1 lakh per 10 gm, which was touched on April 22. Explaining the reasons behind falling gold prices, Renisha Chainani, head of research at Augmont Gold, said, ' There are many factors like the US and China deciding to reduce import duties on each other's goods for ninety days to de-escalate their trade war. The United States will lower additional tariffs it slapped on Chinese goods from 145% to 30%, and Chinese charges on US imports will drop from 125% to 10%. The new measures will take effect for the next ninety days.'Chainani said that 'Investor attention will now shift to the agreement's specifics and what transpires after ninety days, but U.S. inflation data will be in focus today. Amid the height of tariff-induced fear in mid-April, traders were pricing in nearly 100 basis points of cuts; currently, they are pricing in 57 basis points this year.'
Time of India
13-05-2025
- Business
- Time of India
Gold rises 1.3% as global tensions push investors towards safer haven
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Gold went up by 1.36 per cent on Tuesday compared to the day before to touch Rs 94,344 per 10 gm at the retail level. With a Goods & Services Tax (GST), a customer has to pay Rs 96724 per 10 gm at the jewellery Porwal, Co-Founder of Dezerv, a wealth management company, said, "Gold has doubled in the last five years and is trading at an all-time high. There have been multiple periods in the past decade where significant gaps emerged between returns from gold and equities.'Three key reasons why gold prices are peaking right now: global tensions are pushing investors towards safer assets, the US recession fears are creating market panic, and a weakening dollar is enhancing gold's continues to serve as a crucial hedge against currency volatility and geopolitical risks, offering stability during uncertain times.'Its inherent value transcends market cycles and currency fluctuations, making gold both portfolio insurance during market turbulence and a strategic asset capable of enhancing overall long-term returns. Unlike equities, fixed income, or real estate, which require extensive analysis and expertise, gold offers simplicity. It doesn't demand specialised knowledge or significant time investment, making it accessible to all investors,' said gold prices have fallen from the high of Rs 1 lakh per 10 gm, which was touched on April 22. Explaining the reasons behind falling gold prices, Renisha Chainani, head of research at Augmont Gold, said, ' There are many factors like the US and China deciding to reduce import duties on each other's goods for ninety days to de-escalate their trade war. The United States will lower additional tariffs it slapped on Chinese goods from 145% to 30%, and Chinese charges on US imports will drop from 125% to 10%. The new measures will take effect for the next ninety days.'Chainani said that 'Investor attention will now shift to the agreement's specifics and what transpires after ninety days, but U.S. inflation data will be in focus today. Amid the height of tariff-induced fear in mid-April, traders were pricing in nearly 100 basis points of cuts; currently, they are pricing in 57 basis points this year.'
