Rajesh Bhayani

All stories by Rajesh Bhayani

Indians flocking to bitcoin after Elon Musk's backing

Indians flocking to bitcoin after Elon Musk's backing

Rediff.com17 Feb 2021

Bitcoin has been on fire ever since Musk announced that Tesla had bought $1.5 billion of the cryptocurrency, and that his electric-vehicle company would accept bitcoin from buyers.

How Indian banks are looking to cash in on bitcoin rally

How Indian banks are looking to cash in on bitcoin rally

Rediff.com23 Dec 2020

Indian banks have started exploring opportunities in the space, including lending to crypto exchanges, and accepting bitcoins as collateral, among others.

Fall in gold price opens up window for investors

Fall in gold price opens up window for investors

Rediff.com7 Oct 2020

Experts recommend buying gold as the fundamentals supporting a rally have not changed.

Gold rises to lifetime high even as profit-taking looms

Gold rises to lifetime high even as profit-taking looms

Rediff.com30 Jul 2020

Any shift in investor sentiment may result in speculators fleeing the gold market, driving its price down sharply, quickly. One significant risk for gold is a near-term reversal in the dollar, which recently fell to a two-year low.

As demand shrinks, gold import likely to fall to 17-year low

As demand shrinks, gold import likely to fall to 17-year low

Rediff.com21 Jul 2020

Those interested in investing in gold have shifted to instruments, such as sovereign gold bonds and gold ETFs. Many others are, in fact, selling gold or using it as collateral to generate short-term liquidity.

At Rs 52,195/kg silver turns most expensive since Sep 2013

At Rs 52,195/kg silver turns most expensive since Sep 2013

Rediff.com17 Jul 2020

The all-time high price of silver is Rs 75,000 a kg, recorded in April 2011.

Sovereign gold bond sale in May highest since launch

Sovereign gold bond sale in May highest since launch

Rediff.com28 May 2020

The government has sold SGBs worth Rs 1,990 crore in April and May alone.

Silver likely to outperform gold

Silver likely to outperform gold

Rediff.com22 May 2020

Silver has been quoting at a premium in India since mid-March because of huge scarcity.

Why govt is keen to buy your gold

Why govt is keen to buy your gold

Rediff.com21 May 2020

It plans to use it as collateral, along with forex reserves, to print currency.

Gold up 1.7% in Mumbai as north India opens jewellery stores

Gold up 1.7% in Mumbai as north India opens jewellery stores

Rediff.com19 May 2020

Gold and silver became costlier in the country following the international price rise over the expectations of negative interest rates in the US, the rising trade tensions between the US and China and the weakening of the rupee.

Akshaya Tritiya was never so dull for jewellers

Akshaya Tritiya was never so dull for jewellers

Rediff.com27 Apr 2020

Industry estimates over 30 tonnes of gold were sold on Akshaya Tritiya this time.

Gold import lowest in 10 years, March saw huge plunge

Gold import lowest in 10 years, March saw huge plunge

Rediff.com1 Apr 2020

The month of March could be worst in many years, with imports estimated only around 18 tonnes amid the coronavirus pandemic and the nationwide lockdown, said an industry player. The import in March 2019 was 72.5 tonnes, according to the GFMS data.

Coronavirus: Essential goods market faces labour shortage

Coronavirus: Essential goods market faces labour shortage

Rediff.com24 Mar 2020

Nilesh Veera, director of APMC said, complained that availability of workers is a big problem. They have asked the government to provide enough sanitizers, masks, etc, for worker safety, to call them back. There has been no reply.

Gold takes a beating, falls by Rs 3000 in a week

Gold takes a beating, falls by Rs 3000 in a week

Rediff.com14 Mar 2020

Gold price in Mumbai's physical market on Friday fell 31.1 per cent or Rs 1,351 to close at Rs 41,848 per 10 gramme. Friday's fall in per cent terms is worst after November 2015 and, in absolute terms, the worst after August 2013. Silver prices fell Rs 2,255 to close 5 per cent lower at Rs 43,085 per kg on Friday.

After 5 months RBI buys gold, now holds 625 tonnes

After 5 months RBI buys gold, now holds 625 tonnes

Rediff.com18 Jan 2020

The RBI is still a small player in international gold buying among central banks. But in terms of total gold bought in 2019, it is the sixth largest buyer with 25.2 tonnes purchases in the first 10 months of 2019.

Gold is still the 3rd-most popular investment choice

Gold is still the 3rd-most popular investment choice

Rediff.com19 Nov 2019

A WGC survey says that there is no dearth of gold demand, but there is lack of trust among prospective gold buyers, not only in India but globally.

'Things are not that bad in India'

'Things are not that bad in India'

Rediff.com18 Nov 2019

'India can afford more debt at this juncture.' 'India's fiscal deficit is still manageable.'

Jewellers report fall in gold demand in September quarter

Jewellers report fall in gold demand in September quarter

Rediff.com2 Nov 2019

The worsening demand for jewellery has already started impacting jobs and karigars or goldsmiths.

Gem and jewellery sector fails to shine in H1

Gem and jewellery sector fails to shine in H1

Rediff.com11 Oct 2019

The industry alleges the government has been apathetic, despite their pleas for quick action. However, H2 may be different as The US-China trade war had opened a window for Indian exporters to ship more to America.

Jewellers may miss Diwali sparkle this year

Jewellers may miss Diwali sparkle this year

Rediff.com10 Oct 2019

As gold prices turn prohibitive, traders fear a drop of as much as 50% in sales over the previous season.

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