GJ Town India

  An opportunity for buyers to secure investments ahead of festive   At the moment when gold price reached ₹10,000 per gram for 24K, All India Gem and Jewellery Domestic Council (GJC), issued their optimistic note on Monday, 23 April, as gold has become a dearer for any good investment portfolio.   At the juncture, Rajesh Rokde, Chairman-All India Gem and Jewellery Domestic Council (GJC) said, Gold prices in Mumbai are soaring, with 24K gold at ₹10,000 per gram and 22K gold at ₹9,290 per gram. Predictions for gold to reach $4000 globally highlight sustained demand driven by investment buying and government interest.  Temporary corrections and profit booking have occurred but haven’t slowed the bullish momentum. India’s gold imports climbed to 802 tonnes in 2024 from 741 tonnes in 2023, reflecting strong market activity despite occasional dips. Jewellers are enticing customers with attractive offers, especially during the wedding season and ahead of Akshaya Tr...

  Gold crossed in intra-day trading on Friday, 14 March   “Gold crossed US$3,000/oz in intra-day trading during the early hours of Friday 14 March and then again on Monday 17 March. While the LBMA Gold Price PM hasn’t officially crossed the mark, setting at US$2,996.50/oz on Monday, it has nonetheless grabbed the attention of investors and media outlets around the world, triggering a myriad of questions about its significance” Taylor Burnette, Research Lead, Americas-World Gold Council (WGC).   According to Dr. Renisha Chainani, Head - Research at Augmont as said in the Augmont Bullion Daily Report for March 18, “Gold continues its winning streak! Gold maintains its winning streak above $3025 (~Rs 88500) as Trump's tariffs are projected to exacerbate inflation and economic turmoil. Trump said he would hold Iran accountable for any strikes carried out by the Houthi group it supports in Yemen, as his administration escalated the largest US military operation in the Middle ...

  The Bullion Market witnesses all time high price in Gold   Recently, the gold & jewellery market witnessed all time high price in Gold. In the row, Rajesh Rokde, Chairman - All India Gem and Jewellery Domestic Council (GJC) said, “The all-time high price for gold was nearly $2,000 per ounce in 2011. However, if we adjust for inflation, the highest price of gold was actually $2,845.81 per ounce, which is the current price as of February 5, 2025.   To give you a better idea, here are some key milestones in gold prices, 1: 2025: $2,845.81 per ounce (as of February 5, 2025), 2: 2011: nearly $2,000 per ounce & 3: 1980: $850 per ounce (not adjusted for inflation).   Keep in mind that gold prices can fluctuate rapidly due to various market and economic factors. If you're interested in investing in gold or tracking its price, I recommend checking reliable sources like Macro trends for the latest updates."   Avinash Gupta, Vice Chairman – GJC sa...

The correction is better as India enters the wedding season   Recently Colin Shah, MD, Kama Jewelry casted his observation, ‘Gold Prices Correcting By 1% in Global & Domestic Markets and Outlook!’   ”This correction in the gold rate is largely influenced by the rally in the US Dollar Index, taking the prices downwards. Along with this, the chances of Fed going for another rate cut has dimmed, which has given further support to the US Dollar Index, thereby negatively affecting gold prices Domestically, the correction is here for the better as India enters the wedding season, one of the two biggest gold-buying seasons in the country. Given the sentimental value attached to the yellow metal, price factor plays a minimal role in influencing the buyer's decision, keeping the overall demand robust.    Going ahead, gold prices are likely to stay volatile for the short term and will be majorly guided by the movement in USD and Fed's take on further rate cuts in t...