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India’s Demonetisation decision likely to affect Gold Market in the short term: World Gold Council (WGC) report

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Delhi, Jan 13, 2017: India’s demonetisation decision is likely to affect gold demand in the short term, a World Gold Council (WGC) outlook report released on Friday stated.

“In India, the government’s decision to remove large denomination rupee notes took around 86 per cent of India’s circulating cash out of its economy,” according to the Outlook 2017 – Global Economic Trends and their impact on gold, released by WGC.

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“While the purpose is to replace them with newly printed notes, we believe that the liquidity squeeze could have a temporary negative effect on economic growth, and may also affect gold demand in the short term.

“But more importantly, we believe that the transition to transparency and formalisation of the economy will lead to stronger Indian growth in the longer term, thus benefiting gold,” the report added.

The WGC said there are six major trends to be watched out for in 2017 from economic perspective that would impact the gold market.

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The trends are: Heightened political and geopolitical risks; currency depreciation; rising inflation expectations; inflated stock market valuations; long-term Asian growth and opening of new markets. The report said gold is becoming more mainstream. Gold-backed exchange traded funds made gold accessible to millions of investors, primarily in the West, over the past decade, but other markets continue to expand too.”

It said, “China has seen dramatic growth in recent years through gold accumulation plans, physically settled gold contracts in the Shanghai Gold Exchange. In Japan, pension funds have increased their gold holdings over the past few years.”

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In the corporate sector, more than 200 defined-benefit pension funds have invested in gold. In addition, more than 160 defined-contribution plans have added gold to their list of investments.

“We expect this trend to continue and expand into Western markets, where pension funds have had to rethink asset allocation strategies following prolonged exposure to low (and even negative) interest rates. In our view, this will result in structurally higher demand,” the report said.

“Innovation is evident across all markets, but at the end of last year one development stood out. The Accounting and Auditing Organisation of Islamic Financial Institutions (AAOIFI), with support from the World Gold Council, launched the Shari’ah Standard for Gold, opening up the Muslim world to gold investment,” it added. (IANS)

 

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The Latest Gold Bangles Designs With Price: The Latest In The Line

An assortment of gold bangles is truly appealing to the eyes.

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gold jewelry
At times, even the guests bring up gold bangles to gift to the bride. Pixabay

Men and women equally love and adore gold ornaments, and buy them according to their budgets. Different kinds of metals are used for making ornaments and gold is one of the best materials. It is alluring and expensive metal so much appreciated for its quality, look and sheen. Gold, the precious metal, is used for making a variety of jewelry in different designs, patterns and styles. Among so many kinds of gold jewelry items, gold bangles are the most popular. Gold bangles are popular type of jewelry worn by most women today. It is mostly Indian women who adorn their wrists with bangles and indeed traditional Indian jewelry is not complete without bangles.

gold jewelry
Gold Jewellery in display at a shop, Wikimedia Commons

The beautifully handcrafted gold bangles adorn and ornament dainty wrists of women folk. Now is the trend to shop online for 22k gold bangles. Gold bangles are truly versatile ornaments found in varied patterns and designs. They are available in an exciting range of shapes and specifications besides round ones. Bangles of gold and diamond are worn widely and are also gifted during weddings. When you search online for such bangles, you will find hundreds of stores showcasing 22k gold bangles designs with price. Make your choices online and get the items delivered at your doorsteps.

The different kinds of gold bangles

Bangles carrying round designs are pretty common. Look for something different and discover a range of bangles. Besides, they are available in 24k gold, 22k gold and 18k gold. From the online stores, you may buy bangles in various price ranges and styles. Online jewelry stores tend to showcase a plethora of bangle styles and designs. Indian wedding is never complete without gold jewelry. You will notice the bride wearing gold bangles all over her hands and even the guests wear beautiful bangles of gold and flaunt them in style and pride. Being the symbol of happiness and prosperity, gold bangles are gifted to a bride by her parents. At times, even the guests bring up gold bangles to gift to the bride.

If you are a parent about to wed your daughter, then you may look online for exquisite pieces of gold bangles along with price and weight. Online gold stores have made it easy to shop for gold bangles from the comfort of one’s home.

gold jewelry
Among so many kinds of gold jewelry items, gold bangles are the most popular. Pixabay

Bangles are symbolic of culture, tradition and customs. Women in this century are no more guided by age old beliefs when searching for gold jewelry. There is a kind of love affair between young women and gold jewelry in the current times. They are now putting forward their preference and choices in front before making any purchase.

Custom jewelry designs at its best

Every jewelry lover or jewelry shopper is open to trying out new designs, styles and patterns of gold jewelry. There is more demand for engraving and jewelry customization. With the online stores, there isn’t any dearth of fusion gold bangles, traditional gold bangles and contemporary designs. Latest gold designs are thin and delicate gold bangles that are gifted by moms to their daughter-in-laws. Along with such jewelry, you can gift charm bracelets to be adorned on usual occasions.

An assortment of gold bangles is truly appealing to the eyes. Buy them at best prices online.