Will there be a gold shortage? a month of concern for jewellery lovers
The rise in global gold prices in October led to a decline in gold imports, which in turn affected trade and led to a drop in the value of the rupee. However, gold imports surged in November due to increased demand for investment and jewellery, according to Prithviraj Kothari, president of the India Bullion and Jewellers Association (IBJA) But now, the situation has changed, and gold imports in December are expected to be only half of what they were in November, according to Kothari.


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Gold, Silver Prices Rise In India, Oct 11: 24k/100 Grams Gold Price Jumps By Rs 7600, Buy?
Prithviraj Kothari, Managing Director of RiddiSiddhi Bullions Limited (RSBL) said, "Due to current market dynamics, a strategic approach to gold investment is essential this festive season. With gold prices hovering near all-time highs, driven by inflation concerns, geopolitical tensions, and expectations of central bank rate cuts, gold will continue its bull run. Gold can act as a hedge against inflation and market volatility, so diversifying your portfolio with a modest allocation to gold 15-20% could balance risk, especially with equity markets showing mixed signals."


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Festive hopes fade for India’s gold industry


“Everyone was feeling positive about demand after the duty cut since we were seeing a spike in interest, and it really made us think the festival season would be amazing,” Prithviraj Kothari, president of the India Bullion and Jewelers Association (IBJA), said.

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Rate Cut and Geopolitical tensions are key significant drivers for gold

In the domestic market too, gold and silver have seen rising demand with the onset of the festive season. As per bullion dealers in India, the period between Dhanteras to Diwali, sees a sale of almost 20-25 tonnes of gold every year. One of the main reasons for this, apart from the festive sentiments, is the safe haven appeal of the yellow metal.

Read Blog - https://www.rsbl.in/gold-news/....rate-cut-and-geo-pol

Gold Dealers in India: Trusted Sources for Precious Investments

Explore the landscape of gold dealers in India, where authenticity meets reliability. From established names to emerging players, discover a diverse array of dealers offering genuine gold products backed by transparency and credibility. Whether you're seeking bullion, jewelry, or investment-grade gold, these dealers provide a secure avenue for your precious metal transactions in India.

Website - https://www.rsbl.in/