Gold has continued its record breaking rally, as investors and central banks scramble to get their hands on the safe haven asset in the face of ongoing geopolitical uncertainty. Total gold demand exceeded 5,000t for the first time in 2025, with the precious metal setting a staggering 53 new all time highs during the year. [...]
PR No: C3383C
Rishi Sunak, MP for Richmond and Northallerton, praised the success of North Yorkshire retail business Yolo Inc during a visit to its Richmond headquarters.
Tax season is upon us, and while April 15 may seem like it’s right around the corner, you still have time to make some strategic moves that could lower your 2025 tax bill. Whether you’re looking to reduce your taxable...
From an income tax perspective, the new Income Tax Act, 2025, scheduled to be effective from 1 April, 2026, simplifies language, removes obsolete provisions and consolidates and restructures provisions. While the law itself does not overhaul the individual tax regime, there are always expectations from individual taxpayers before every Budget.
Hindustan Copper jumps to a record high, leading a sharp metal stock rally as copper prices surge and the PSU wins a key mining block in Madhya Pradesh.
Gold vaults over $5,550 an ounce as investors switch over losing confidence in currencies
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Gold prices skyrocketed 9% on MCX after global investors rushed to safe-haven assets amid falling trust in paper currencies, Fed independence concerns, geopolitical tensions, and a weakening dollar. Silver also rallied, but gold outshone due to stronger safe-haven demand, central bank buying, and shifting market preference toward hard assets.
Explained: What made gold price jump 9% in one day to beat silver The Economic TimesSilver futures surpass ₹4 lakh per kg mark in India, gold advances to new lifetime high of above ₹1.8 lakh per 10 gram UpstoxGold, silver price prediction today: Will gold cross Rs 1.85 lakh/10 grams & silver breach Rs 4.15 lakh/kg in coming sessions? Here's the outlook Times of Indiaसिल्वर तेज गिरते डॉलर के बाद सुरक्षित धातुओं में निवेश बढ़ा रहा दार में तेजी आई है By Kedia Advisory Investing.com IndiaSilver Breaches 4 Lakh Mark, Gold Jumps To Record Rs 1.75 Lakh Per 10 Grams NDTV
As international gold prices extend an unprecedented rally past $5,000 per ounce, balances in gold banking accounts at South Korean commercial banks are rising sharply. Expectations that gold prices will continue to climb have sustained investor enthusiasm, while banks are benefiting from increased non-interest income driven by growing investment demand./IT ChosunAccording to the financial industry on Jan. 29, gold banking balances at KB Kookmin Bank, Shinhan Bank, and Woori Bank totaled 2.2333 trillion won as of Jan. 27. The figure has more than doubled in just 10 months since surpassing 1 trillion won in March last year. Compared with January 2024, when balances stood at 835.3 billion won, the amount has surged 167% year on year, and rose 15.6% month on month from 1.932 trillion won in December.Rising gold prices have also driven strong returns for gold banking investors. International gold prices have climbed about 80% compared with January last year. Even after accounting for the 15.4% tax on capital gains, investors who purchased gold through gold banking at that time are estimated to have earned returns exceeding 70%.Gold banking has gained popularity largely due to its accessibility. While KRX physical gold and gold bars require purchases in fixed minimum quantities, gold banking allows investments in increments as small as 0.01 grams, making it more accessible to retail investors. Another advantage is the ability to invest in gold-linked assets through bank accounts without the burden of storing physical gold. Recent supply disruptions in gold and silver bars have also driven funds into gold and silver banking accounts as alternative investment vehicles.Outlooks for gold prices remain bullish, suggesting further growth in gold banking demand. Expectations of a weaker U.S. dollar following remarks by U.S. President Donald Trump, ongoing geopolitical risks, and anticipation of a more dovish policy stance by the Federal Reserve have all contributed to upward pressure on gold prices.As of the latest trading session, international gold prices have exceeded $5,200 per ounce, with forecasts emerging that prices could reach $6,000 per ounce within the year. Global investment banks including Société Générale, Bank of America (BoA), and Deutsche Bank have cited $6,000 as a realistic year-end target.Silver prices have also surged alongside gold, fueling interest in silver banking products. Silver banking balances currently stand at approximately 428.3 billion won, drawing heightened investor attention after silver prices jumped more than 200% over the past year. Compared with 231 billion won at the end of December, balances rose 77.7% in just one month. Silver prices climbed from $30 per ounce in January last year to $105 as of Jan. 27. Silver banking accounts are currently offered only by Shinhan Bank.The simultaneous rise in gold and silver prices has helped banks diversify their revenue streams. Unlike deposits, gold banking products do not pay guaranteed interest, reducing funding costs, while generating non-interest income through transaction fees and spreads. Banks also expect such products to help retain high-net-worth clients seeking wealth management services.However, investors are advised to exercise caution. Banks classify gold banking as a high-risk product, as gold prices—despite being viewed as a safe haven—can experience sharp volatility during market corrections. Historically, gold prices have fallen more than 30% in short periods. In addition, gold banking carries higher fees than KRX physical gold trading, and capital gains are subject to a 15.4% tax, similar to gold ETFs. Gains may also be subject to comprehensive financial income taxation.A banking industry official said, “Demand for gold and silver is likely to persist for the time being, but given the rapid pace of price increases, investors should carefully consider volatility and cost structures before investing.”onej@chosunbiz.com
BitcoinWorldGold Market Cap Skyrockets $1.65 Trillion in One Day, Stunningly Nears Bitcoin’s Total ValueIn a stunning financial development that has captivated global markets, the market capitalization of gold surged by an unprecedented $1.65 trillion in a single trading session. This historic move, reported by Cointelegraph, occurred as the spot price of the precious metal vaulted past the $5,500 per ounce threshold. Consequently, this monumental daily increase now brings [...]This post Gold Market Cap Skyrockets $1.65 Trillion in One Day, Stunningly Nears Bitcoin’s Total Value first appeared on BitcoinWorld.