GJ Town India

  Silver moved higher yet, not outperformed Gold   Precious metal expert Jordan Roy-Byrne suggest, it has been a heck of a last year for precious metals. A year ago, Gold broke out from its 13-year cup and handle pattern, and days ago, it reached its measured upside target of $3,000/oz. Quality miners and quality junior mining companies have surged higher.   Silver has moved higher alongside Gold but has not outperformed Gold yet. It has gained roughly the same amount as Gold in the past 13 months. However, since the May 2024 peak, Silver is up only 4% while Gold is up nearly 25%.    Part of the issue is that Gold, after clearing $2100/oz, has been able to enjoy blue sky territory (no overhead resistance) while Silver has had to chew through multiple resistance levels between $26 and $35/oz.   In the row, Augmont Bullion report, Silver is trading in a range of $33 (~Rs 97000) to $35(~Rs 102,000) from the last few days. Buy on dips and sell o...

  Consumers belief in gold is stronger than ever: Sachin Jain    By considering, festivity of Gudi Padwa, Ugadi, Chaitra Navratri and Ramzan Eid; Sachin Jain, Regional CEO, India, World Gold Council suggest, for generations, gold has been much more than an investment in Indian culture – it is a symbol of good luck and a harbinger of good times, and our households have forged a strong cultural bond with it.   This legacy takes on a fresh meaning this year as gold’s momentum has seen prices rise to historic highs , currently at INR 90,000/10grams or US$3,000 per ounce. While these high prices seem to have a temporary impact on the jewellery demand, the gold investment demand on the other hand, continues to drive the market, as record domestic prices and inflows into gold ETFs, digital gold, coins and bars reiterate gold’s appeal.   The shine will get brighter as festivals like Gudi Padwa, Ugadi, Chaitra Navratri, and Ramzan Eid are approaching, and th...