India's Sumit Antil wins javelin throw F64 gold with Paralympics record of 70.59m, becomes first Indian man to defend title.
Nataraj and Desinghu are tipped to become the best male and female athletes of the Games.
Investors looking to make a quick buck from the yellow metal should hold on for now.
Srihari Nataraj led the charge for swimming powerhouse Karnataka with his fifth gold at the National Games.
Karnataka's 14-year-old swimming sensation Dhinidhi Desinghu won her fourth gold medal, even as weightlifters continued to impress with Manipur's Bindyarani Devi smashing a National record, on a day when the tiny northeastern state rose to the top of medal tally at the National Games on Friday.
The Indian duo won 21-15, 21-13.
Inflows into gold exchange-traded funds (ETFs), which manage a total of Rs 37,390 crore, have surged sharply in recent months. This trend is likely to continue, especially after the reintroduction of long-term capital gains tax (LTCG), which is likely to attract smart money into mutual fund offerings amid a robust outlook for the yellow metal. Smart money, also known as opportunistic flows, refers to strategic investments that are generally of a short-term horizon.
Indian chess prodigy D Gukesh sealed a remarkable Chess Olympiad campaign with a decisive victory over GM Vladimir Fedoseev on Sunday in Hungary.
Custom authorities have been keeping strict vigil on the cargo movements from Bhutan, Taiwan, China, Afghanistan, South Korea Japan, and Dubai since January.
Gold, a safe-haven bet, is likely to continue its record-smashing journey in the New Year, rising to Rs 85,000 per 10 grams and even Rs 90,000 level in domestic markets if geopolitical tensions and global economic uncertainties continue.
The Devara actor certainly knows how to have fun with fashion.
Centres like Coimbatore in Tamil Nadu and Thrissur and Kochi in Kerala are facing huge shortage of gold. These centres constitute around 15-20 per cent of India's overall annual demand of the yellow metal.
From a casual pair of jeans to a formal gown to exquisite saris, Keerthy Suresh's choices highlight her personal sense of fashion.
Andhra Pradesh's Jyothi Yarraji and Tejas Shirse of Maharashtra won their third successive gold medals in the women's 110m hurdles and men's 100m hurdles respectively at the National Games in Dehradun.
Karnataka to face Services in men's doubles tennis final
The government has hiked gold import duty to 15 per cent from 10.75 per cent to check the current account deficit (CAD) and rising import of the yellow metal. The duty changes came into effect on June 30. Earlier, the basic customs duty on gold was 7.5 per cent, now it will be 12.5 per cent.
The Central Board of Indirect Taxes and Customs (CBIC) has stepped up its watch on the import of unbranded gold jewellery amid a spurt in seizures on international borders and from importers. During FY24, the CBIC and Directorate of Revenue Intelligence (DRI) jointly seized about 5 tonnes of gold, 30 per cent more than what they did in FY23. In FY23, 3.5 tonnes of gold was confiscated.
Equity mutual funds witnessed an inflow of Rs 35,943 crore in November, marking a drop of 14 per cent on a month-on-month basis, amid heightened volatility in stock markets driven by various macroeconomic factors, geopolitical events and US election results. Despite this, it marked the 45th consecutive month of net inflows into equity-oriented funds, reflecting the growing popularity of mutual funds among investors, according to data from the Association of Mutual Funds in India (AMFI) released on Tuesday.
Apart from archery, the Indians also bagged two medals in shooting.
'We expect market consolidation and recommend buying during market dips.'
Alok Mohanty, who owns a furniture store in Cuttack city and is a fan of anything made of the yellow metal, said an N-95 mask has been used as a base for manufacturing the golden protective gear which weighs around 100 grams.
India created history by recording their best-ever performance in Asian Games with 64 medals, including a record 14 gold, with star boxer Vijender Singh providing the icing on the cake by bringing the last yellow metal on the penultimate day in Guangzhou, on Friday.
Snapping its six-day, record-making journey, gold's dream to climb the 18-K level was shattered as the yellow metal tumbled on the bullion market in Mumbai on Friday on frantic selling by stockists triggered by a sharp fall in international markets.
India won 19 medals (5 gold, 8 silver and 6 bronze) in Tokyo Paralympics for a 24th place in the tally and Jhajharia predicted that the country will win more than 25 medals in Paris and finish in top-20 in the tally.
The Reserve Bank on Monday barred IIFL Finance Ltd from disbursing gold loans, with immediate effect following multiple supervisory concerns, including serious deviations in assaying and certifying the purity of the yellow metal. A leading financial services provider, IIFL Finance offers a range of loans and mortgages. The latest directions from the Reserve Bank of India (RBI) pertain to only the gold loan business.
Meet the khatta-meetha girl.
Instead of investing all their annual savings in gold, if the people in India were to invest in more productive business assets, the country's annual GDP growth would be higher by about 0.30.4 per cent.
Such an economic environment tends to be positive for gold, the ultimate safe-haven asset. Since gold cannot be debased by central banks, it naturally gains in value.
The Hollywood brigade looked super glam on the red carpet of the 82nd Golden Globes at Beverly Hills, California.
'I really want to win an Olympic medal, and I won't quit until I achieve that'
She has a fun take on fashion but her best accessory her 100-watt smile.
Nearly 28 per cent of urban Indians are planning to spend on gold in the next three months, signalling a renewed appetite for the yellow metal amid the waning effects of second wave of COVID-19, as per a survey. The gems and jewellery industry, which was impacted by the COVID-induced disruptions in 2020, had shown signs of recovery in January-March this year. However, the second wave of the pandemic put a halt to it. Businesses are beginning to look up as state governments are slowly easing restrictions on movements, and organised retailers are hoping consumer demand to show positive sentiment during the festive season this year.
The Bloody Ishq actor has been serving cool-girl style and winning hearts, one zabardast look at a time.
'We need more support from states to back budding talents from not-so-affluent families.'
With her sharp features and mind-blowing wardrobe, she is way, way cool.
Two new junior national records were created on the opening day of the 50th Men and 26th Women Junior National Weightlifting Championships Guwahati.
Gold is one of the most sought-after precious metals.
'Yes, that's (Olympics medal) the target, but it will be a long and tough journey ahead'
Take inspiration from these cutting-edge designs worn by fashion-forward celebs to ensure turn heads with your ultra-mod style.
The impact of currency depreciation can also be mitigated by holding a portion of your investment portfolio in dollar-denominated assets.
