Skip to main content

Walmart and Costco Selling Gold and Silver

Costco Wholesale and Walmart are both starting to sell gold bars.

First, Costco sold gold bars to its members looking to invest in more than bulk household purchases. Now the warehouse retailer is selling silver coins too.

Walmart has also started selling precious metals such as gold and silver in its online store, following in the footsteps of Costco Wholesale.

Against the backdrop of high inflation, gold has become the new favorite of American consumers.

The value of gold and silver is expected to continue to climb in 2024 on expectations that the Federal Reserve will start cutting interest rates.

Gold currently trades at $2255.

Walmart-Costco-Gold

Will Indian supermarkets sell gold? 

Gold has been always been one of the favorite investments for Indians, as evident from the fact that Indian households hold over 21,000 tonnes of gold. Indians prefer to buy gold jewelry and this trend could change if Gold is sold in supermarkets.

There are Gold ETFs and Sovereign Gold Bonds (SGB) as well. Additionally Gold from supermarkets should be exciting for gold investors.

Labels:

Popular posts from this blog

Historical Sensex Returns Updated - 2024

Historically Sensex has given returns of about 15% per year, despite volatility and price fluctuations of about -20% to +60%. The following table shows S&P BSE Sensex historical data - start  & close values and the yearly returns of the sensex from 2000 to 2024. So far during the year the   index has hit an all-time high of  75,124   and despite markets hitting all time highs not all stocks make all-time highs. There are many stocks still below their highs. Stocks like HDFC Bank, ITC, Asian paints are still well below their highs and some of them have given low returns over last 3-5 years. Individual or Retail investors can achieve consistent returns through investing via mutual funds , whether it be active or passive. Chasing returns from individual stocks is futile. Be a wise investor !
Read more

What is Gift Nifty?

 What is Gift Nifty? Gift Nifty is a new identity given to SGX Nifty, available for trading in NSE IX with effect from July 3. Instead of Singapore Exchange, US dollar-denominated contracts of Nifty futures will now trade in NSE IX which is in GIFT City SEZ . What happens to SGX Nifty? SGX Nifty has been suspended for trading and will eventually get delisted from the Singapore Exchange. What are the timings of SGX Nifty? Gift Nifty will be accessible for almost 21 hours. It is open in two sessions - from 6.30 am to 3.40 pm and then again from 4.35 pm to 2.45 am in the second session. How to check Gift Nifty live data? Gift Nifty live data can be checked on the NSE IX website and futures contracts from here - Gift Nifty .
Read more