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RBI revises its guidelines for gold loans to help stressed borrowers unlock more value. Read here:
I shorted #Gold a few mins back. Wish me luck! 😅
RBI's Promise of an accommodative stance along with upbeat comments on pick-up in eco activity keeps the Indian stock market in good cheer. Indices end nearly 1% higher; gold prices continue to hit fresh record highs on persistent safe-haven buying. More at 9 pm on India Biz Hour
RBI expands the ambit of priority sector lending to include startups. It also allows banks to lend up to 90% of the value of gold being used as a collateral instead of the earlier 75% in a bid to help households get more for their assets. More at 9 pm on India Biz Hour
56000 #Gold #MCX
Honestly Idea Yes bank they r not trading stocks. One should hold for minimum 18 months. Similarly commodities. Gold n or silver. One can loose his pants
Below 55686 if #GOLD #MCX trades for 45 minutes.........................see What happens ?
Demand for gold in India rebounds in July, with overseas purchases almost double the amount shipped in June
Performance of Turkish Stock mkt index vs Gold in Lira
Why do central banks hate gold? Because they can't print it. Why do Keynesian economists hate gold? They can't control it.
BANK OF ENGLAND'S BAILEY SAYS NEGATIVE RATES ARE IN THE TOOLBOX I hope the mainstream has gold in their toolbox 🧰
This is how Gold holders in Turkey have been able to save their wealth and buying power #Gold. God forbid if this happens to our currency someday. Gold is the best investment against your own currency.
Learn about Sovereign Gold Bonds from Mr. Santosh Shetti, Product Head, MOFSL Disclaimer-
Gold loan product is the easiest picking for Banks (when in credit risk aversion mode), hence raising LTV from 75% to 90% for banks (keeping non-bank lenders out) may be with intent to help build top-line credit for banks! It’s ok when operation risk is better managed in banks!