Jewellery stores remained deserted as buyers deferred their non-essential purchases awaiting softness in gold prices.
PM Narendra Modi and Union Sports Minister Anurag Thakur heaped praise on Neeraj Chopra on winning the World Championship gold on Sunday.
Australia's former women's captain Meg Lanning said that her early retirement from international cricket at 31 was forced by bouts of depression and weight-loss
Shooter Avani Lekhara scripted history on Monday as she became the first Indian woman to win a gold medal at the Paralympics, firing her way to the top of the podium in the R-2 women's 10m Air Rifle Standing SH1 event in Tokyo.
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.
'For experienced and risk-taking investors, now may be the time to go all in.' 'By 'experienced and risk-taking', I refer to those who remained net buyers in equities during the early stages of the 2020 pandemic.' 'On the other hand, those who exited the markets during the pandemic may go the SIP way.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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.
'Modi knows the people here are opposed to this project, but he is using the might of government to push this port down our throats.'
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.
The ED case has been booked under the Prevention of Money Laundering Act (PMLA) and the agency will record the statement of the accused. The central agency will investigate if proceeds of crime were generated by the accused by laundering of funds that were earned through the alleged gold smuggling racket.
While players like Paytm, MobiKwik, and PhonePe allow you to buy gold for Rs 1, Amazon Pay has kept the minimum amount at Rs 5. Digital gold is essentially an avenue for investing in physical gold.
Despite the recent imposition of import rule and high duties, the yellow metal continues to attract buyers.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
A fresh date for Wresting Federation of India's (WFI) long-pending elections is likely to be announced on Wednesday after the Supreme Court set aside the stay imposed by Punjab and Haryana High Court, a member of the IOA-appointed ad hoc committee said.
Six decades and more later, we are now captives of our identities. Every poll is based on elaborate calculations of electability of candidates on the basis of their castes and other narrow definers. That, along with voter promiscuity, is what defines our political culture, which remains stubbornly resistant to any change, asserts Shreekant Sambrani.
Australia beat India by nine runs to win the Commonwealth Games women's T20 cricket gold medal on Sunday but the real winner was the sport which delivered compelling competition and boosted its case to be included in the Olympics.
In his poll rallies, Modi framed Pitroda's comments in his wider onslaught against the Congress, asserting that they have exposed its hidden agenda and that the party has become so removed from the country's social and family values that it wants to legally rob people of their assets and lifelong savings they want to bequeath to their children.
Walt Disney Co and Reliance Industries on Wednesday announced signing of binding pacts to merge their media operations in India to create a Rs 70,000 crore behemoth. Reliance and its affiliates will hold 63.16 per cent in the combined entity while Disney will hold the remaining 36.84 per cent, the companies said in a statement.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Consumers during the quarter sold 37.9 tonnes of old gold, which is the highest quarterly sale after September 2016, when old gold sale, or scrap supply, was 39 tonnes.
Anamika Pareek answers five most frequently asked questions about investing in silver ETFs
Let's delve into the five most notable sporting accomplishments that India has achieved post August 15, 1947.
Neeraj Chopra will be the cynosure of all eyes as India begins its athletics campaign in the Asian Games
Neeraj Chopra's rise to stardom from a Haryana village has been nothing short of spectacular.
The government will issue Sovereign Gold Bonds (SGBs) in six tranches beginning April 20, the Reserve Bank of India said on Monday. The bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram and the tenure of the SGB will be eight years with exit option after fifth year to be exercised on the interest payment dates.
Astride Etro, Agarwalla scored 73.030 to finish third and claimed his second medal of the Asian Games.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Three different invitations were sent out for the wedding and the receptions with top-run guests being sent a large red box that contained an intricate chest incorporating a mini silver temple featuring gold idols of various Hindu deities, including Lord Ganesh, Radha-Krishna, and Goddess Durga.
The 25-year-old also finds the World Championships tougher than the Olympics.
The goal-keeper eyes coaching role post retirement.
Many individuals filing tax returns declare zero tax liability. They accounted for two-thirds of the total individual returns filed.
A car accident in 2012 left Avani Lekhara wheelchair-bound but on Monday the shooter felt 'on top of the world' after becoming the first Indian woman to win a Paralympic gold medal.
The value of foreign portfolio investors' (FPI) holdings in domestic equities reached $654 billion in three months ended December 2021, a drop of nearly 2 per cent from the preceding quarter, according to a Morningstar report. This was largely on the back of a massive sell-off by foreign investors and a correction in the Indian equity markets, especially in the large and mid-cap sectors. "At the end of the quarter ended December 2021, the value of FPI investments in Indian equities fell to $654 billion, which was lower than $667 billion recorded in the previous quarter, a fall of around 2 per cent," the report noted.
Some antique jewellery is displayed in a couple of museums in the world.
Chris Gayle, the dynamic former West Indian batter will captain Telangana Tigers in the first edition of the inaugural edition of the much-anticipated Indian Veteran Premier League (IVPL).
People who have no access to or do not trust the financial system are the only ones for whom investing in gold makes sense, says Naval Goel.
'The fraud is the electronic voting machine is being manipulated by humans, and not counting the votes that is shown on VVPAT.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
