Gold and Silver Indices (GSI) :

Gold and Silver Indices (GSI) compares the movement of physical gold and silver in India vis-a-vis the Nifty. The price of physical gold and silver in India is not only dependent upon international prices but also on the Indian Rupee. The London Fix is the most popular indicator of gold and silver prices in the international markets. Similarly, The Reserve Bank of India’s (RBI) daily reference rate for the INR is the benchmark for rupee dealings. Hence, the GSI uses these reference rates to calculate the indices.

The GSI helps people make a valid and an approximate comparison between the returns given by Gold, Silver and Nifty by recording their individual trajectories. The GSI data is maintained by Finkurve Bullion Private Limited (FBPL).

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