Ravindra Chauhan, a regular commodity investor, is now regretting his decision to invest in gold, which fetched him only 6.08 per cent in the last one year because of a stronger rupee. He says that most banks' fixed deposits would have made him richer by at least 9 per cent during the same period with little holding risk.
The Reserve Bank of India's (RBI's) latest order on unsecured loans is set to hit the banking sector's growth in the near-term, cautioned analysts, as they see banks slowing down on aggressive retail lending. Besides, cost of funds for non-banking finance companies (NBFC) is expected to inch up as banks will pass on higher capital charge to NBFCs. "We believe the fallout of the RBI action will be mainly on growth, given the rising dependence on unsecured retail loans and lending to NBFCs for growth.
Here are some of the controversies, which cast a shadow on Indian sport as the athletes prepared for the Asian Games.
The protesting wrestlers refrained from immersing their medals in the river Ganges after being convinced by Khap and farmer leaders who sought five days to address their grievances.
Torchbearer Oliver Golding holds the Olympic Flame in between the Olympic Rings at Kew Gardens in London, England.
Services added three gold to their collection and remain on top of the charts with 56 gold, 34 silver and 30 bronze medals for a total of 120.
Making a call on gold price trends through 2013 will be a toss-up.
WGC expects demand to revive in H2 on surplus monsoon rains
The Rio bronze-winner has tweaked her leg defence on the insistence of her coach Kuldeep Singh Malik, something that has already got her a gold in the Commonwealth Championships in December last year.
Dwaipayan Bose examines the seven important factors that investors about exchange traded funds must know before they start investing/trading in them.
Gold prices staged a smart rebound to surpass the psychologically important Rs 28,000 milestone.
Dealers expect prices to fall further, owing to an impending rate hike in the US
Japan's Sony Corporation, which is merging its Indian television content company with Zee Entertainment Enterprises, is likely to seek a fresh forensic audit of the company after market regulator Sebi levelled fund diversion charges against Zee promoters, top lawyers said. The Sebi also barred Zee founder Subhash Chandra and its Chief Executive Officer (CEO) Puneet Goenka from holding any position as director. "As the Sebi has made fund diversion charges, which may change the nature of audited reports already filed, the acquirer (Sony) can seek a fresh forensic audit," said H P Ranina, a corporate lawyer.
The Indian men's hockey team on Thursday continued their winning run at the 19th Asian Games Hangzhou 2022, defeating the 2018 Asian Games Gold medallist Japan 4-2 in their third Pool A match.
According to IMF, the body is planning to raise $6bn by selling 12.97 mn ounces of gold, about 12% of the total holdings it has. IMF officials said the sale would likely take place over several years in an effort to avoid market disruption. The news of the IMF decision will most probably affect the bullion market. It is a fundamental step that will enable IMF to remain an independent, astute and dynamic international organisation. It will put IMF on solid financial footing.
In a draft paper prepared by the RBI seeking public opinion until January 18, the banking regulator has proposed a financial instrument linked to gold to curb the demand of its physical holding.
Polling is underway to elect 119 members of the Telangana Legislative Assembly, with voters queuing up to exercise their franchise amid tight security on Thursday.
Chandrappa's appointment follows the demise of KPCC working president and former MP R Dhruvanarayana.
The price of spot gold has fallen nearly 6 per cent so far in 2013.
Cuts its 2013 price forecast to $1,760 an ounce from $1,850.
RBI has sent letters to the country's richest temples asking for details of their gold.
The 15-year-old lifted a total of 267kg(119kg+148kg) to finish third.
Measure to be implemented in metros first, followed by state capitals, district HQs and rest of country
Indian weightlifting had two contrasting medallists to celebrate on Day 2 of the Commonwealth Games, in Gold Coast, on Friday.
India imported 967 tonnes of gold in 2014-15.
Vinesh Phogat wondered if the country's daughters would get justice in this "atmosphere of fear and intimation".
Lenders feel temples still have a few apprehensions.
Services remained on top of the medal table with 41 gold, 28 silver and 26 bronze for a total of 95. Haryana won four of the five gold medals in archery to consolidate their second place with 29 gold.
All India Chess Federation (AICF) president Sanjay Kapoor said the federation is also working on organising an Indian Chess League.
India Tejaswini Sawant won her first gold medal at the Commonwealth Games, emerging tops in the 50 metres Rifle 3 Positions event, on Friday. Anjum Moudgil took the silver in the event.
Both banks and jewelers sell coins and bars, but it is generally costlier to buy it from a bank
'That's great for our team and in a way Ashes are bloody hard to win. It's not going to be easy but if we were to win it, that is legacy defining stuff.'
The government's ambitious gold deposit scheme can succeed only if depositors are paid a higher interest rate.
After a technology upgrade, the Multi Commodity Exchange of India (MCX) appears poised for an improvement in volumes. The premier commodity and forex exchange reported a loss of Rs 19.1 crore in the July-September quarter (second quarter, or Q2) of 2023-24 (FY24). This was attributed to higher software charges payable under an extended service agreement with 63 moons technologies and a one-off cost towards core guaranteed funds (CGF).
Every time the Indian economy has faced headwinds due to international developments, the oil sector has played a crucial role, explains A K Bhattacharya.
Indications are that the DMK combine will win more seats than the AIADMK and BJP, but is facing a tough fight in about half a dozen from the rest, predicts N Sathiya Moorthy of the electoral contest in Tamil Nadu.
Ten years ago, gold was selling at well below its long-term inflation-adjusted average, and the integration of three billion emerging market citizens into the global economy could only mean a giant long-term boost to demand.
It is the lightest gold nugget ever created, researchers said.
Gold has dulled a lot lately but investors could still take a shine to it.
