Gold News: 22 October 2021
Gold Price: $1,792.63 News: Mixed outlook with gold bulls heavily reliant on $ weakness.
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Gold Price (USD/OZ)
22 October 2021: $1,792.63 [View live gold price.]
Change from last week: $11.02 (0.62%)
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“Markets are assessing whether tightening will begin earlier than expected to curb inflationary pressures, which has caused a recent fluctuation in bullion prices.”
“In a first for India, bullion derivatives contracts will be settled on a blockchain platform. This will help in global acceptance of gold refined by Indian bullion refineries, giving a fillip to the local industry, exports, as well as investments.”
“NEW DELHI: Gold imports, which have a bearing on the current account deficit, zoomed to about $24 billion during April-September 2021 due to higher demand in the country, according to data from the Commerce Ministry.”
“The Telangana government has decided to buy 125kg of “pure” gold from the Reserve Bank of India (RBI) to decorate the temple tower at Yadadri, chief minister K Chandrashekhar Rao told reporters on Tuesday, adding that the government will need around ₹60 to ₹65 crore to make the purchase.”
“How the rush to buy bullion could promote a good cause.”
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