Prasidh Krishna opened up about the bond shared within India's pace unit
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.
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.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
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.
Veterans recall they haven't seen gold falling for 3 years in a row.
'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.'
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.
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.
'Gold prices thrive on volatility and more so when the stock markets trend downward.'
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.
Given the prevailing uncertainties, investors must maintain a 10-15 per cent allocation to gold in 2023.
Do home prices really never fall? Ramalingam Kalirajan begs to differ.
India has 20,000 tonnes of idle gold; gold is an important aspect of women empowerment: PM.
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.
Gold deposited by households to gold savings accounts will be used for auctioning, replenishment of RBI's gold reserves.
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.
'Right now, silver -- and especially platinum -- are very cheap compared to gold. If I were buying today, I would choose platinum.'
'Harmanpreet & Co have strong foundation for LA gold'
Young investors could allocate in the proportion of 70:20:10 to equity, debt and gold.
Despite its recent underperformance, gold must be a part of your portfolio.
There are 350,000 jewellers, of which 13,000 are BIS-certified.
Gold loans can be released online or by bank transfers.
'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.
Commodity investments can help you diversify your portfolio in asset classes other than equity and debt, says Dwaipayan Bose.
In the Indian stock market, investors are interested in the actions of both domestic and foreign institutional investors (FIIs and DIIs). These groups have wealth as well as expertise in research, which makes them powerful participants in the Indian stock market. Their buy and sell positions have a large effect on stock prices and market sentiment due to the large volume.
This is good news for the central government at a time when crude oil prices are rising.
Look at gold bonds or gold monetisation scheme instead of buying physical gold
Hina Khan married long-time boyfriend Rocky Jaiswal in an intimate wedding and announced the big news with loved-up pictures on social media.
At a time when the whole world is going ga-ga over stocks and debt is too easy to borrow, do not forget gold, says Anil Rego.
It makes sense to wait for govt schemes such as gold bonds.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
The government was also faced with problems on its balance of payments. It took steps to conserve declining foreign exchange reserves, and began to regulate the production, supply and distribution of gold. It banned forward trading in the yellow metal in November 1962, and introduced gold bonds as well, reveals the RBI's annual report for the year ending June 1963.
'Gold could return 10% to 12% in the next two-three years.'
Manas Sood, a Class 12 student from the Delhi Public School, has distributed 2,650 boxes of Tax City Education and empowered over 12,000 students from 52 schools across India. His aim? To help young Indians understand taxes and become financially literate.
The recently approved government scheme provides both liquidity and returns.
India will also launch a sovereign gold bond to lower physical demand.
