'If you invest in sovereign gold bond, you are going to get the price rise of gold over an eight year period.' 'You're also going to get that two-and-a-half percent which the Government of India is willing to give you, treating the money that you've invested in the sovereign gold bond as a kind of a FD or a deposit.' 'That kind of return you can never get anywhere else.'
Driven by robust demand, automobile retail sales in India rose to a record high this festive season with all segments, barring tractors, reporting year-on-year growth, dealers' body FADA said on Tuesday. Overall automobile sales rose 19 per cent to 37,93,584 units in the 42-day festive period this year as compared with 31,95,213 units last year. During the period, which starts from the first day of Navratri and ends 15 days after Dhanteras, passenger vehicle retail sales rose to 5,47,246 units, up 10 per cent from 4,96,047 units in the same period last year.
The best part is that an investor gets price appreciation and earns interest income as well, which is unique only to sovereign gold bond.
'It is the best avenue for investors who would like to take long-term exposure to gold.'
Bollywood stars celebrate Diwali with beautiful pictures.
Shobhaa De recalls the splendid glowing Diwalis of her childhood.
Bollywood stars are all dressed up for Dhanteras.
Indian Army soldiers posted along the Line of Control in Akhnoor light candles on Dhanteras.
Two-wheeler sales, however, declined 21.4 per cent to 14,13,378 units last month, as compared to 17,98,201 units in November 2019. Commercial vehicle sales also slipped 31.22 per cent to 50,113 units, as against 72,863 units a year ago. Similarly, three-wheeler sales fell 64.98 per cent to 24,185 units last month, from 69,056 units in the year-ago period. Tractor sales, however, grew by 8.47 per cent to 49,313 units last month, against 45,462 units in the same month last year.
And among a bazillion hockey fans replying to the tweet, one Shah Rukh Khan also joined in.
The Centre must bring an "all-encompassing" policy to protect the interests of the consumers as well as offline traders and small traders, he said, underlining that the proposed consumer protection e-commerce rules are "inadequate" to address the issue. The Swadeshi Jagaran Manch (SJM) is an affiliate of the Rashtriya Swayamsevak Sangh (RSS).
Modi accused previous governments of not providing people with facilities that were available to people elsewhere in the world even in the 20th century and in Gujarat a few years back.
'Last Saturday, the largest number of people travelled by air on a single day!' 'There is a kind of hunger among consumers to spend as they have been confined to their homes and not spending for almost 2 years.'
The average ticket size observed in jewellery retail dipped by 66 per cent to Rs 3,625 for Dhanteras and Diwali, while the same for apparel stores dipped 28 per cent to Rs 1,746.
This Dhanteras, try a newer way to invest in those precious metals, without having to worry about its safety.
The buzz in the markets in predictable. From lights to fireworks to sweets to flowers, people across the country are gearing up for Diwali.
The Fed interest rate decision, domestic macroeconomic data announcements and quarterly earnings will be the major sentiment drivers for the equity market in a holiday-shortened week ahead, analysts said. Investors will also take cues from the monthly auto sales numbers to be announced on Monday. Equity markets will remain closed on Thursday for Diwali Laxmi Pujan and on Friday for Diwali Balipratipada.
Zelda Pande recounts the specialness with which Diwali was celebrated in her home in Ranchi.
The worsening demand for jewellery has already started impacting jobs and karigars or goldsmiths.
India is gearing up for the Festival of Lights in the times of the pandemic.
Consumer sentiment seen better than last year's
Even as the semiconductor shortage has limited the demand for new cars, the pre-owned car segment is seeing a surge. A preference for personal mobility, availability of multiple organised online platforms, including e-commerce channels, aggregators, and classifieds, have been fuelling growth. The growth rate of the pre-owned car market is expected to be 1.5x that of the new car market over the next five years.
Gold demand appears to be positive in India as the consumer sentiment is likely to recover in 2021, from its dismal performance due to the coronavirus pandemic-related disruptions and volatile price movement, according to a report by the World Gold Council (WGC). Initial data about the Dhanteras festival in November suggest that while jewellery demand was still below average, it had substantially recovered from the lows seen in the second quarter (April-June 2020) of last year, according to the report.
India's gold demand increased by 19.2 per cent to 76.1 tonne during the April-June quarter this year, largely due to low base effect, owing to the nationwide lockdown that hit economic activity last year, the World Gold Council (WGC) said in a report. The overall gold demand during the second quarter of 2020 calendar year stood at 63.8 tonnes, according to the WGC's 'Gold Demand Trends Q2 2021' report. In value terms, India's gold demand witnessed 23 per cent growth during April-June quarter at Rs 32,810 crore, compared to Rs 26,600 crore during the corresponding period of 2020.
The first leg of the 35-day festive period, which ended with Dussehra, failed to bring any cheer for auto companies. While makers of passenger vehicles struggled to meet demand due to the persistent shortage of semiconductors, a recovery in demand remained elusive for two-wheeler manufacturers despite offers and schemes. The overall season, which ends two days after Diwali, is unlikely to bring any turnaround in either the supply or the demand scenario, said dealers and officials at auto companies.
India has imposed several restrictions on imports of gold, the biggest non-essential import item, to curb a record trade deficit.
The biggest gold buying festivals are Akshaya Tritiya and Dhanteras.
Given prices of the latter are at an all-time high, it makes sense to opt for cheaper precious metals.
Save the date, book your tickets in advance.
It's Diwali, and Bollywood is spreading the love and good cheer with warm wishes on social media.
Tinesh Bhasin explains the pros and cons of trading in gold 'options', which were introduced in India this Dhanteras
Dhanteras is considered auspicious for investment and buying gold.
The notes also mentioned about "other souls accompanying the spirit of Lalit's father", who had died in 2007, and "how those spirits are still yearning for salvation."
Prices dip ahead of Dhanteras, seen around Rs 29,800/10g.
Finance Minister had announced the scheme in the Union Budget.
Sumit Rajwade and Abhishek Mande discover little-known Diwali stories.
The auto industry has had a mixed month. The build up to Dhanteras and Diwali was good but the demand tapered off subsequently.
Tell us about your first experience buying/investing in gold.
The gems and jewellery industry is staring at a sales washout on Akshaya Tritiya for the second consecutive year as most of the states are under lockdowns due to the raging second wave of the COVID-19 pandemic which has led to negative consumer sentiment, say industry leaders. Akshaya Tritiya, considered as an auspicious day for buying gold and jewellery, falls on May 14 this year. India is the worst-hit among all nations with the second wave of the pandemic, which has been killing more than 3,500 daily and infecting close to 4 lakhs daily for weeks. The massive caseload has nearly paralysed the medical infrastructure.
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