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Digital gold is a new form of investment that has been gaining popularity in recent years. Learn 5 reasons why you should invest in digital gold by visiting ICICI Direct.

Stay updated with the latest information on 2023 commodity, MCX & NCDEX market holidays. Plan your trading strategy accordingly with ICICI Direct.

A currency basket sets the benchmark for each country`s central bank to fix their exchange rate with the pegged currency. The central banks can reduce exchange-rate fluctuations by using a basket of foreign currencies rather than a single currency. Currency baskets are also used to minimize or avoid the risk of single currency fluctuations. The most actively traded and tracked currency basket is the dollar index. Currency baskets are used by equity and commodity market investors to smoothen the risk of individual currencies.

Today currency has been the medium of exchange for the purchase of goods and services across the globe, which had evolved over centuries from a barter system to a coin system to paper currency to today’s digital currency. The importance of cross-currency was not felt until the commencement of international trade in goods and services.

The concept of lock-in period of sovereign gold bonds has to be understood at various levels. 

Gold Exchange Traded Funds (ETFs) are simple and low-cost investment products that offer investors the flexibility of stock investment and the simplicity of gold investments.