Tag: India

  • Why cleaned gold coin are cheaper than non-cleaned?

    Reading Time: 3 minutes The issue with “cleaned” coins, especially concerning pre-1933 US gold coins, lies in their potential depreciation in value. While cleaned coins may be a more economical option for stacking gold based on weight, the cleaning process can significantly impact their worth, potentially reducing them to selling at or near spot prices.…

  • Gold demand reached its peak in 2023, as indicated by the latest data from the World Gold Council.

    Reading Time: 2 minutes In 2023, gold demand surged to unprecedented levels, primarily fueled by persistent geopolitical tensions and China’s economic vulnerabilities. The World Gold Council reported a total of 4,899 tons in gold transactions last year, compared to 4,741 tons in 2022, encompassing both over-the-counter (OTC) deals and stock flows reflecting changes in commodity…

  • Revolutionizing Gold Acquisition: Exploring India’s First Real-Time Gold ATM.

    Reading Time: 3 minutes Summary: The Goldsikka ATM stands as a groundbreaking innovation in India’s financial landscape, introducing the world’s first real-time gold-dispensing ATM. This collaborative effort between Goldsikka Pvt. Ltd. and OpenCube Technologies Pvt. Ltd. redefines gold acquisition by offering accessibility, convenience, and security. Users can procure gold coins ranging from 0.5 grams to…

  • India Introduces Gold and Silver Coin Dispensing ATMs

    Reading Time: < 1 minute In a groundbreaking move, the Meerpet Metro Station in Hyderabad, India, now hosts an ATM that dispenses gold and silver coins. This cutting-edge machine, facilitated by Goldsikka Ltd., a financial institution in Hyderabad, accepts payments via credit cards, debit cards, and the Unified Payments Interface, a renowned Indian payment system.…

  • The surge in gold could indicates the beginning of a rally towards a new all-time high.

    Reading Time: 3 minutes Traditionally viewed as a safe haven during uncertain times, gold’s recent price surge coincides with heightened geopolitical tensions in the Middle East following a surprise attack by Hamas on Israel. Typically, a robust dollar tends to exert pressure on precious metal prices, given their US dollar denomination. The US dollar index…

  • Who sets gold price and The 3 Global Gold Market.

    Reading Time: 2 minutes The landscape of wholesale gold trading is intricate and continually evolving, with three pivotal gold trading centers leading the way: the London OTC market, the US futures market (COMEX), and the Shanghai Gold Exchange (SGE). Together, these markets account for over 90% of global trading volumes, with smaller secondary market centers…