Gold has risen sharply due to rising risk aversion
Aman Sehrawat's Olympic dream suffers a setback as he is comprehensively outclassed by top seed Rei Higuchi
At a time when none in Kerala's Left politics questioned the chief minister's authority, MLA P V Anvar hurled a series of accusations against Pinarayi Vijayan's government, notes Shyam G Menon.
'By investing in a basket of funds, FoFs can help minimise the impact of underperforming funds, thus reducing overall investment risk.'
Given the economic trends, it might make sense to allocate some savings to gold.
According to the report, benchmark gold ETFs have increased to 2.03 tonnes in May from 1.5 tonnes in the corresponding period last year. Whereas gold ETFs at UTI, Reliance Capital and Kotak remained at 1.32 tonnes, 1.23 tonnes and 0.34 tonnes respectively during May period, it said.
In the current scenario, it's hard to construct a comprehensive argument that gold prices should rally, or one that they should decline - the range-trading of recent months may continue.
India's exports registered a steepest decline in 13-month falling 9.3 per cent in August to $34.71 billion due to global economic uncertainties, while the trade deficit soared to a 10-month of $29.65 billion. According to the government data released on Tuesday, imports increased by 3.3 per cent to $64.36 billion, which is a record high, due to a significant jump in the inbound shipments of gold and silver.
Two-time world champion Nikhat Zareen (50kg) bowed out of the Olympic Games after a shock defeat to Asian Games gold-medallist Wu Yu of China on Thursday.
World Championship gold-medallist para shuttler Manasi Joshi has strongly criticised former Indian cricketers Harbhajan Singh and Suresh Raina for allegedly mocking people with disabilities.
Hometown favourites Felix and Alexis Lebrun, at 17 and 20, also made it to the round of 32 in singles with clean 4-0 victories, against the backdrop of a packed stadium of French fans cheering for them and shouting their names.
Consumption of gold is the highest among middle-income households - those with annual income between Rs 2 lakh and Rs 10 lakh - who account for an average of 56 per cent of gold sales over the last five years, according to a nationwide survey conducted by India Gold Policy Centre (IGPC) at the Indian Institute of Management, Ahmedabad (IIM-A). "Per capita consumption is highest among the rich, but total volume still rests with the middle-income group. "With increasing income, there is an increasing propensity to consume gold, although the share of gold in the portfolio does not increase with the same proportion of income," the survey report says.
Given the uncertainties around gold's future course, stagger your purchases and buy on declines, says Sanjay Kumar Singh.
As the final hooter rang through the Yves-du-Manoir Stadium, sealing the Indian hockey team's bronze medal triumph, an electrifying wave of emotions swept through the families of the victorious players.
'Today, let us reaffirm our commitment to strive to realise Gandhiji's dreams. His watchwords, truth and nonviolence, will continue to remain relevant for the whole world. He also taught us that rights and duties are but the two sides of the coin - indeed, the true source of rights is duty. Today we recall his lessons in compassion too - compassion not only for our human neighbours but also for our other neighbours, namely, flora and fauna, rivers and mountains.'
'Vinesh you are a gold medalist of courage and morality.'
India defenders Harmanpreet Singh and Udita stole the show as they emerged as the most costliest players in the auction of Hockey India League.
Rinku Hooda and Ajeet Singh finished third and fourth respectively in the men's F46 javelin throw final on Friday, but the result was put on hold after India lodged a protest that Herath was ineligible to compete in the category.
'This was all conspired to gain a hold on the Wrestling Federation of India and to attack the BJP and its ideology...This team of Rahul, the Congress keeps doing these things.'
Carlos Alcaraz secured his passage into the fourth round of the Australian Open with a 6-2, 6-4, 6-7(3), 6-3 victory over Nuno Borges.
'We have worked day and night for this moment because seeing the medical condition, there are a lot of things that are going on and regular training and exercises are a very big challenge with our medical condition.'
East Bengal edge past NEUFC 1-0 to register first win of ISL season
Investors should view the increase in the LTCG tax rate in conjunction with the increase in capital gains exemption from Rs 1 lakh to Rs 1.25 lakh, which will provide some relief.
Of the 1,000 surveyed by IIM-A, only five were aware about the government-sponsored gold schemes
India finish with four medals in World Cup Stage 3.
Gold prices have surged nearly 18 per cent, so far, in the calendar year 2022 (CY22) to around $2,050 per ounce against the backdrop of the ongoing Russia-Ukraine war and there is more headroom over the next few months, believe analysts at Goldman Sachs who expect the yellow metal to become costlier by another 25 per cent to $2,500 an ounce by the year-end. Goldman Sachs, earlier, had raised its 12-month gold price forecast to $2,150 per ounce considering that an impending US growth slowdown would lead to increased concerns of a US recession and incentivise 300 tonnes of inflows into gold ETFs. At the beginning of the Russia-Ukraine tensions, Goldman Sachs had suggested the resultant rally in commodities could deteriorate the developed market (DM) growth-inflation mix, increase concerns of a American recession, and push gold ETF inflows to 600 tonnes and, in turn, lift gold prices to $2,350 an ounce in 12 months.
Veteran table tennis player A Sharath Kamal on Friday said he was "pretty surprised" at being named India's flagbearer at the Paris Olympics ahead of people like Tokyo Games gold-winner Neeraj Chopra and described the honour as a recognition of his years of toil.
'The long-term impact of elections is minimal.'
Anish's emergence comes as India witnesses an exciting era in chess, with young talents like Erigaisi, R Praggnanandhaa, and D Gukesh shine internationally.
'I like to be challenged by the strongest players on the planet, even though it's going to get more difficult with this young Indian generation coming up. But I am not entirely depressed.'
Novak Djokovic aims to win a record 25th Grand Slam and become the first US Open champion to successfully defend his title since Swiss great Roger Federer in 2008.
There was a phase in Paris Olympic medallist Sarabjot Singh's career when he was not able to lift his pistol even once last year.
The Indian hockey team entered the Olympic semifinals for a second successive edition but Lakshya Sen's zealous push for a gold turned into a hunt for bronze on a bitter-sweet Sunday for India at the Paris Games.
Abhinav Bindra cautioned the Paris-bound contingent against dwelling on past glories or future expectations
A summary of Indian athletes' showing at the Paris Paralympics on Friday, September 6.
Chopra will pocket US$12,000 for his second-place finish in the grand finale, which marked the end of the prestigious Diamond League series after 14 legs, as well as the end of international athletics season.
Legendary Indian hockey captain Viren Rasquinha has laid out a clear challenge for the national men's team as they set their sights on a Paris Olympics medal
Competition Commission of India on Wednesday said it has approved the merger of the media assets of Reliance Industries and Walt Disney Co to create the country's largest media empire. The deal, announced six months ago, has been cleared by the CCI with certain modifications proposed by the two parties.
Tasting success with the relaunch of Sensex derivatives in the onshore market, BSE is preparing for the 'offshore' debut of its 30-share index, which has become synonymous with the domestic markets. Sources in the know said that the India International Exchange (India INX), a subsidiary of BSE, received approval in July from the International Financial Services Centres Authority (IFSCA) to launch Sensex 30 derivatives contracts.
Union Home Minister Amit Shah on Wednesday asserted that Article 370, which granted special status to Jammu and Kashmir, will not be restored even if Congress stalwart and late PM Indira Gandhi comes down from heaven.
