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.
Dominant efforts by two-time world champion Nikhat Zareen and Commonwealth Games gold medallist Amit Panghal headlined Indian boxers' march into six finals at the 75th Strandja Memorial Tournament in Sofia, Bulgaria on Saturday.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Jaspal Rana's contribution towards Manu Bhaker's remarkable transformation into a double Olympics medallist will not go unnoticed. The national shooting federation is mulling bringing the Dronacharya awardee coach back into its fold.
Tamil Nadu's Praveen Chitravel produced the third longest-ever jump by an Indian with a stunning effort of 17.18m to clinch gold in the triple jump and qualify for the World Championships
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Jana Novotna, who lifted the Wimbledon title 26 years ago in 1988, tragically died in 2017 following a battle with ovarian cancer aged 49.
IMAGES from Day 1 of the US Open played Flushing Meadows, New York, United States, on Monday.
Prime Minister Narendra Modi on Sunday suggested that if the Congress comes to power, it would redistribute wealth of people to Muslims and cited former PM Manmohan Singh's remark that the minority community had the first claim on the country's resources.
'Is the Agniveer scheme or their post-retirement re-employment in paramilitary forces or in the state governments the BJP's answer to the crying need on the job front?' 'Or, even Finance Minister Sitharaman's one-year internship scheme in the public and private sector, is it a permanent solution, either?', asks N Sathiya Moorthy.
Para shooter Rubina Francis lights up India's day with bronze at Paris Paralympics on Saturday.
Athletes from the army accounted for 20 medals -- 3 Gold, 7 Silver, 10 Bronze at the Asian Games.
Images from the World Athletics Championships in Eugene, Oregon, on Tuesday, Day 5.
World Championship triple silver medallist Jyothi Surekha Vennam overcame the mighty Korean challenge twice, including in a gripping but controversial final, to win the women's compound individual gold at the Asian Archery Championships in Dhaka on Thursday.
Analysts say investors should increase their exposure to gold up to 10% of their portfolio, depending on their comfort with a 2-year horizon. But avoid investing in physical gold or deposit schemes run by jewellers
Beatrice Chepkoech of Kenya, the 3,000 metres steeplechase world champion in 2019, passed this season's world leader Sembo Almayew of Ethiopia with a lap remaining to win in 9:05.98.
Images from the US Open men's singles second round matches, at Flushing Meadows, New York, on Thursday.
Investors may take a 5 to 10 per cent exposure to silver. 'Have a long-term investment horizon when investing in silver ETFs to ride out short-term market fluctuations.'
There are a number of steps taken that will leave more money in the hands of the taxpayers.
These include the reduction in tax rates under the new tax regime, increase in standard deduction, allowing tax collected at source to be adjusted against tax deducted at source from salaries, notes Harsh Roongta.
Only three or four tonnes is estimated to have been mobilised under the scheme.
Invest in MFs for liquidity and choice of funds. Invest in NPS for the tax benefits, tax-free rebalancing, and for earmarked savings for retirement.
As it is a highly liquid asset, central banks can afford to look past its short-term volatility to longer-run average returns.
Uttar Pradesh wicketkeeper-batter Dhruv Jurel paid tribute to his parents for their sacrifices.
Valerie Adams chalks up another medal for the mums.
Argentina beat Belgium 4-2 to claim the Olympic title and win their country's first Games medal in men's hockey, edging a close-fought match between two teams few expected to make the final.
'We used to give these boxers a hammering in the ring and now they are teaching youngsters how to defend. Come on man!' 'People like Akhil Kumar and Jitender Kumar were among the top boxers in the world, but instead of choosing them to train young boxers they are picking people who are yes men.'
Tokyo Paralympics silver medallist IAS officer Suhas Lalinakere Yathiraj bettered his bronze from the last edition by winning gold in the SL4 final. Sukant Kadam took home the bronze in the same event.
Will continue to play for India in multi disciplinary events
A look at how India's athletes fared on Day 3, Monday, July 29, 2024:
Chennaiyin went into the lead after Suhail Pasha's header took a deflection from Hira Mondal and went inside the net for an own goal.
rediffGURU Samkit Maniar answers readers' personal income tax queries.
'It's better to be over-insured than underinsured.' 'Ensure your home insurance includes STFI (storm, tempest, flooding, and inundation) cover for protection against monsoon rains.'
Jewellery stores remained deserted as buyers deferred their non-essential purchases awaiting softness in gold prices.
Images from Tuesday's action in the Premier League
A combination of factors, including heavy investments in US Treasury bonds and dollar sales at a healthy profit, facilitated the Indian central bank in transferring a record surplus of Rs 2.11 trillion to the government for 2023-24 (FY24). The RBI's dollar purchases increased in FY24, supported by robust capital inflows endorsing the economy's health.
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.
The country's exports edged up 1 per cent to $38.45 billion in December 2023 while the trade deficit narrowed to a three-month low of $19.8 billion, official data released on Monday showed. Imports declined by 4.85 per cent to $58.25 billion in December last year due to a dip in crude oil shipments. The previous low in trade deficit - the difference between imports and exports - was recorded in September at $19.37 billion.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
In the wake of the Chinese war, it was felt in some circles that it would be feasible to make a frontal attack on demand for gold in India. Accordingly, the Gold Control Order 1962 was issued, banning the making and selling of jewellery above 14 carats, making it compulsory for gold smiths to be licensed and submit accounts of all gold received and utilized by them etc., The measures met with lot of resistance and criticism.
As the Diwali festivities kick off, Dhanteras emerges as a pivotal day for traders nationwide, with an estimated trade volume of Rs 50 thousand crore, predicts the national president of the Confederation of All India Traders (CAIT), BC Bhartia, and secretary general Praveen Khandelwal. In his post on X, Praveen Khandelwal called on the people to patronise various women entrepreneurs. "Full support of 9 crore businessmen @CAITIndia of the country in the call of Prime Minister Shri @narendramodi ji this Diwali #VocalForLocal and the appeal #NaariSeKharidaari of Union Minister Smt. @smritiirani ji. We are providing the country's market to all the women entrepreneurs, from small diyas to those running boutiques. You too should shop from women and visit their homes too" Khandelwal said.
