The government has also built in mechanism to protect investors from price fluctuation.
'Earnings growth will be the main driver of India's market in 2026, with profits expected to rise 9% to 10% in H2 FY26 and accelerate to 12% to 15% in FY27.'
'Now there is no fight between us (Thackerays); now the fight is with them.'
'My parents have the biggest role in what I have become. They always told me that if you dream, dream big.'
'It makes sense to have gold in one's portfolio keeping the political and economic risks of 2024 in mind.'
The introduction of tax deducted at source (TDS) on income from central government securities and state bonds may not lead to a significant effect on retail participation, according to market participants. The Union Budget proposed that starting October 1, 2024, investors may face a 10 per cent TDS on investments in central government securities and state development loans (SDLs). "Last Budget, TDS on interest on securities was reintroduced.
Gold is an excellent asset class for diversification and should be included in all long-term portfolios.
People can deposit idle gold with authorised agencies and take advantage of the price escalation of gold as well as earn interest on the deposit.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
Only 21 tonnes of gold have been mobilised in the last eight years under the gold monetisation scheme (GMS) which was announced by the Government of India in November 2015. This could be considered as a failure as the scheme has undergone several changes with a revamped GMS announced in April 2021 to improve collections. This figure was released by the World Gold Council (WGC) on Wednesday in its report titled 'Gold Investment Market and Financialisation, in India gold market series'.
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
In 2022, gold emerged as the top performer among all conventional asset classes with over 14 per cent returns mainly owing to the depreciation of the rupee.
Veterans recall they haven't seen gold falling for 3 years in a row.
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.
Gold burnished its image as the go-to asset class during turbulent times. However, investors seemed to have missed the bus. Net inflows into gold exchange-traded funds (ETFs) plunged to a four-year low of Rs 653 crore in 2022-23 (FY23), even as gold emerged as the top-performing asset class.
Loan against gold as a product is catching on fast. Let's keep the momentum going, but aim for sustainable growth. A few bad apples should not ruin the brunch, argues Tamal Bandyopadhyay.
For the first time, consumers, including those at the so-called bottom of the pyramid, are monetising gold by taking loans from banks, offering the yellow metal as collateral, says Tamal Bandyopadhyay.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Prasidh Krishna opened up about the bond shared within India's pace unit
'Gold prices thrive on volatility and more so when the stock markets trend downward.'
India has 20,000 tonnes of idle gold; gold is an important aspect of women empowerment: PM.
Given the prevailing uncertainties, investors must maintain a 10-15 per cent allocation to gold in 2023.
A Ganesh Nadar/Rediff.com speaks to common folk in Tamil Nadu about whether they will invest in Arun Jaitley's gold monetisation scheme. Their reactions will not make the Union finance minister happy.
'From tariff tensions and border skirmishes to unrest in West Asia.' 'The worst may be behind us. But any further upmove will now have to come from earnings.'
Gold deposited by households to gold savings accounts will be used for auctioning, replenishment of RBI's gold reserves.
While SGBs are a sound investment, they aren't worth buying at any price. The interest income you earn from them will not justify paying a high premium.
The rising price of the precious metal has helped the central bank increase overall forex reserves despite currency reserves not rising, and sometimes even falling.
'In most schemes, where the monthly investment is a fixed amount, investors run the risk of the price of gold rising during the tenure of the recurring deposit,' notes Harsh Roongta.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
There are 350,000 jewellers, of which 13,000 are BIS-certified.
Young investors could allocate in the proportion of 70:20:10 to equity, debt and gold.
Gold loans can be released online or by bank transfers.
Despite its recent underperformance, gold must be a part of your portfolio.
'Avoid going overweight on gold. But maintain a 10 per cent allocation via sovereign gold bonds,' Bajaj Capital MD Sanjiv Bajaj tells Sarbajeet K Sen.
'Harmanpreet & Co have strong foundation for LA gold'
Do home prices really never fall? Ramalingam Kalirajan begs to differ.
'Right now, silver -- and especially platinum -- are very cheap compared to gold. If I were buying today, I would choose platinum.'
Commodity investments can help you diversify your portfolio in asset classes other than equity and debt, says Dwaipayan Bose.
Look at gold bonds or gold monetisation scheme instead of buying physical gold
This is good news for the central government at a time when crude oil prices are rising.
