As an auspicious metal and prudent investment, gold remains significant on Dhanteras, with evolving methods such as Digital Gold, ETFs, and SGBs gaining popularity for investors seeking alternatives to physical gold during the festive season.
Russia increased its gold reserves by 2% to 2,360 tonnes in September an absolute record in the country s modern history but still remained in fifth place across the globe for this indicator, an analysis of world central banks data by Sputnik showed on Thursday.
The minimum permissible investment in the Sovereign Gold Bond has been set to be one gram whereas the maximum limit of subscription can go up to 4 kg for individuals.
"The coming weeks would be important as the Chinese central bank is expected to throw some surprises, which should see some recovery in Gold amid broader risk-off sentiments. From the US the Federal Reserves annual Jackson Hole symposium returns as the key event this week as Chair Powell kicks off the event with an economic outlook speech on Friday."