{"id":13218,"date":"2024-03-30T04:12:04","date_gmt":"2024-03-30T04:12:04","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/03\/30\/gold-hits-a-new-record-best-month-in-over-3-yrs-times-of-india\/"},"modified":"2024-03-30T04:12:04","modified_gmt":"2024-03-30T04:12:04","slug":"gold-hits-a-new-record-best-month-in-over-3-yrs-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/03\/30\/gold-hits-a-new-record-best-month-in-over-3-yrs-times-of-india\/","title":{"rendered":"Gold hits a new record, best month in over 3 yrs &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"823\" src=\"https:\/\/i3.wp.com\/static.toiimg.com\/thumb\/imgsize-23456,msid-108885366,width-600,resizemode-4\/108885366.jpg?resize=600,823&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Gold hits a new record, best month in over 3 yrs &#8211; Times of India\" title=\"Gold hits a new record, best month in over 3 yrs &#8211; Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div>HYDERABAD: A week after it vaulted over the $2,200\/oz mark in international markets for the first time, <a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/gold-rates\/articleshow\/58628130.cms\" styleobj=\"[object Object]\" class=\"\" target=\"\" frmappuse=\"1\" rel=\"noopener\">gold<\/a> touched yet another life-high of $2,236 in the wee hours of Friday. In March, it has gained 9.3%, logging its best month since July 2020 (see graphic).<br \/>Though MCX remained closed on account of Good Friday, prices of 24k gold were quoting above Rs 70,000 per 10gm (including import duty &amp; GST) in the local market.With the yellow metal closing at an all-time <!-- -->high<!-- --> of $2,233, <!-- -->Indian Bullion and Jewellers Association<!-- --> national secretary Surendra Mehta said it may well open $30-40 higher on Monday.<\/p>\n<div data-pos=\"0\" class=\"id-r-component QbQNS undefined  &#10;        \">\n<div><\/div>\n<\/div>\n<p>&#8220;Gold has gone off the charts. If it keeps growing at this rate, it will become more of an investment commodity than a consumer item. Once that happens, it will only go up higher,&#8221; said Mehta, pointing out that the latest jump could be attributed to heavy buying by China in addition to buying by central banks of other countries.<br \/>Avinash Gupta, former director of All India Gems &amp; Jewellery Domestic Council, said prices are moving on technicals only as there is no change in fundamentals except for increased buying by central banks. &#8220;The technical support is so strong that now, we are looking at $2,350.&#8221; But the more gold dazzles, the more it loses its sheen for jewellery consumers. &#8220;Jewellery business is down everywhere to just 30% of normal levels due to rising prices,&#8221; Gupta said. <\/div>\n<p><script>!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n          var s = document.createElement('script');\n          s.src=\"https:\/\/survey.survicate.com\/workspaces\/0be6ae9845d14a7c8ff08a7a00bd9b21\/web_surveys.js\";\n          s.async = true;\n          var e = document.getElementsByTagName('script')[0];\n          e.parentNode.insertBefore(s, e);\n        })(window);\n      }\n    }\n    window.TimesApps = window.TimesApps || {};\n    var TimesApps = window.TimesApps;\n    TimesApps.toiPlusEvents = function(config) {\n      var isConfigAvailable = \"toiplus_site_settings\" in f && \"isFBCampaignActive\" in f.toiplus_site_settings && \"isGoogleCampaignActive\" in f.toiplus_site_settings;\n      var isPrimeUser = window.isPrime;\n      if (isConfigAvailable && !isPrimeUser) {\n        loadGtagEvents(f.toiplus_site_settings.isGoogleCampaignActive);\n        loadFBEvents(f.toiplus_site_settings.isFBCampaignActive);\n        loadSurvicateJs(f.toiplus_site_settings.allowedSurvicateSections);\n      } else {\n        var JarvisUrl=\"https:\/\/vsp1jarvispvt.indiatimes.com\/v1\/feeds\/toi_plus\/site_settings\/643526e21443833f0c454615?db_env=published\";\n        window.getFromClient(JarvisUrl, function(config){\n          if (config) {\n            loadGtagEvents(config?.isGoogleCampaignActive);\n            loadFBEvents(config?.isFBCampaignActive);\n            loadSurvicateJs(config?.allowedSurvicateSections);\n          }\n        })\n      }\n    };\n  })(\n    window,\n    document,\n    'script',\n  );<\/script><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HYDERABAD: A week after it vaulted over the $2,200\/oz mark in international markets for the first time, gold touched yet another life-high of $2,236 in the wee hours of Friday. In March, it has gained 9.3%, logging its best month since July 2020 (see graphic).Though MCX remained closed on account of Good Friday, prices of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":13219,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/thumb\/imgsize-23456,msid-108885366,width-600,resizemode-4\/108885366.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[289,2336,437,367,273,18680,3494,1718,1541,272,17022],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/13218"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=13218"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/13218\/revisions"}],"predecessor-version":[{"id":13220,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/13218\/revisions\/13220"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/13219"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=13218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=13218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=13218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}