New investors should gradually build a 5 to 10 per cent allocation to gold.
With more than 1.2 million Indians stuck in green card backlogs, investor-driven EB-5 programme sees rising interest as a secure route for migration to the US.
The Reserve Bank of India (RBI) added another 102 metric tonnes to the domestically held gold in the April-September period, as per a disclosure made on Tuesday. The overall quantity of the precious metal stored in local safes stood at 510.46 metric tonnes as of September 30, which was up from over 408 metric tonnes as on March 31, 2024. The central bank said it added another 32 metric tonnes of gold reserves in the six-month period to take the overall tonnage to 854.73 metric tonnes, as per the half yearly report on management of foreign exchange reserves.
'The Asia Cup matter or any other ACC event issue has not come up for discussion at any level, hence any news or report on that is purely speculative and imaginary.'
The overall tally of six gold, five silver and 14 bronze medals at the end of day six put the country in 8th spot in the table with China leading the pack by quite a distance, having already crossed the 100-mark.
Goldman Sachs expects gold to reach $3,150 per ounce in the international market by December 2025, up around 19.1 per cent from its current level of $2,645, according to a recent report in Business Standard. Domestically, gold is trading at Rs 76,018 per 10 grams after delivering a remarkable 21.9 per cent return in the past year.
'Afterwards, some improvement is expected.'
Neeraj Chopra may have clinched the Golden Spike title in his maiden appearance at the meet, but the former Olympic champion was far from satisfied with his performance.
'We believe that in the new world order FTAs or bilateral trade agreements (BTAs) are the way forward.' 'They are enablers for our participation in global value chains. Today, around 70 per cent of global trade is tied to these chains.'
Most investors should have a 5% to 10% allocation to gold for diversification. They should stagger their investments to mitigate timing risk.
'Customers are coming in; if they aren't buying, they are at least visiting the stores, which was not the case before the Budget.'
'Right now, silver -- and especially platinum -- are very cheap compared to gold. If I were buying today, I would choose platinum.'
Erigaisi also requested External Affairs Minister S Jaishankar, Sports Minister Mansukh Mandaviya and the All India Chess Federation (AICF) to help him get the visa.
The Reserve Bank of India (RBI) on Monday directed banks and non-banking financial companies (NBFCs) offering gold loans to thoroughly review their policies, processes, and practices to identify any gaps. The central bank also told them to closely monitoring their gold loan portfolios amid significant growth observed in this segment vis--vis some lenders. Additionally, the RBI, through a circular, instructed these lenders to ensure adequate controls over outsourced activities and third-party service providers.
Viswanathan Anand is the third Indian in the top 10, occupying the 10th spot with an ELO rating of 2750.
Arjun Erigaisi breathed a sigh of relief after receiving his US visa to compete in the upcoming World Rapid and Blitz Championships in New York
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Olympic gold medalist Masai Russell set an American record in the 100m hurdles at the Grand Slam Track meet in Miami on Friday, breaking the tape in 12.17 seconds for the second-fastest time ever recorded in the event.
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The Delhi High Court has directed Customs officials to ensure that old and personal jewellery of travellers, including ornaments being worn by them during travel, are not unnecessarily detained at airports and they are not harassed. The court was hearing a batch of more than 30 petitions raising issues on the procedure for detention of goods belonging to the tourists travelling to India, of both Indian and foreign origin, by the Customs department.
India's major imports from the US include crude oil and petroleum products, gold and jewellery, plastics, aircraft, and electrical machinery and components. The key exports to the US comprise pharmaceuticals and biologicals, telecom equipment, precious and semi-precious stones, petroleum products, gold and precious metal jewellery, and ready-made garments.
Twice Olympic 100 metres medallist Fred Kerley has been arrested for allegedly punching hurdler and ex-girlfriend Alaysha Johnson in the face, police said on Friday, and, as a result, he will not compete in the Grand Slam Track event in Miami this weekend.
Yarraji strikes gold in Netherlands
'That combination of a rising economy, a growing middle class, and a deepening love of diamonds and jewellery is what we see really doubling the market for diamonds over the next five years.'
Americans Madison Chock and Evan Bates claimed gold at the World Figure Skating Championships on Saturday to become the first team in 28 years to capture three consecutive World Ice Dance titles.
'India is now adopting and recognising para sports and our performances.'
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Arshad Nadeem's home village erupted into rapturous celebrations after he clinched Pakistan's first Olympic medal in athletics
The National Centre for Disease Control (NCDC) under the Union health ministry is closely monitoring respiratory and seasonal influenza cases in the country, and is in touch with international agencies, according to official sources.
France are only the third country to win back-to-back golds in men's volleyball after the former Soviet Union and the United States.
Sindhu stands on the brink of history as she pursues the gold medal in the upcoming Games, having won a silver and bronze in 2016 Rio and 2020 Tokyo edition respectively.
'While investors believe in India's long-term growth story and resilience amid global uncertainty, they see near-term risks around the direction of a global trade war.'
India has moved 100 metric tonnes of its gold stored in the UK to domestic vaults in FY24, sources said on Friday. This is one of the biggest movements of gold undertaken by the country since 1991, when pledging a substantial part of the gold holding to tide over a foreign exchange crisis resulted in its movement out of vaults. The country's overall gold holding increased 27.46 metric tonnes in FY24 and it stands at 822 metric tonnes, as per official data.
US President-elect Donald Trump has nominated Indian-American scientist Jay Bhattacharya to lead the National Institutes of Health (NIH), the country's top health research and funding institutions. Bhattacharya, a professor of Health Policy at Stanford University, is known for his research on the health and well-being of vulnerable populations. Trump also nominated Jim O'Neill as the deputy secretary of Health and Human Services to work alongside Robert F. Kennedy Jr.
Can a culture survive as a way of life, even as the language and writing at its core, alter with time? Can we be rational and Malayalee or do we have to necessarily be religious and proudly cultural to be Malayalee? asks Shyam G Menon.
In mid-March this year, the finance ministry asked state-run banks to review their gold loan portfolio for the two-year period between January 1, 2022, and January 31, 2024. This business had grown at a fast clip. Reserve Bank of India (RBI) data has it that it grew 15 per cent to Rs 1 trillion in FY24. Now, in recent times, any kind of exuberance in financial services has seen the authorities swoop down - be it pushing the lines on governance or unsecured credit.
Patanjali Foods Ltd on Thursday said food regulator FSSAI has directed the company to recall a specified batch of packed red chilli powder due to non-conformity with food safety norms. The Food Safety and Standards Authority of India (FSSAI) issued an order in this regard on January 13, the company said in a regulatory filing.
India's stock markets corrected recently but foreign money is likely to chase China rather than India in the short-to-medium term, said Chris Wood, global head of equity strategy at Jefferies, on Thursday. Wood told the Business Standard Manthan Summit in New Delhi he is bullish about Indian equities from a long-term perspective, but for the short term he is cautious given the quantum of foreign investor (FII) outflows and valuation woes.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
India's Asian Games bronze medallist Gulveer Singh smashed the Asian Indoor 5000m record while also qualifying for the World Athletics Championships to be held later this year.
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