Investors may take a 5 to 10 per cent exposure to silver. 'Have a long-term investment horizon when investing in silver ETFs to ride out short-term market fluctuations.'
Finance Minister must be hoping that Indians get over gold-addiction.
The World Gold Council, which represents the mining industry, puts India's demand between 850 and 950 tonnes in 2014.
Legendary pistol marksman Jaspal Rana has expressed grave concerns over the delay in naming the Indian shooting contingent for the Paris Olympics.
The second day of pre-Diwali Dhanteras witnessed a tepid response from shoppers on Friday as gold and silver sales have likely to be fallen by up to 35 per cent year-on-year due to high prices and COVID-19 induced financial distress, although consumers moved to online buying to make most of the festival, jewellers said. The buying was heavily restricted to light weight jewellery, coins and precious stones due to lower purchasing power and high gold rates, they said. Due to the fear of coronavirus infection, many customers who had booked in advance were taking delivery of wedding orders on Friday, while some were seen buying safely through online brands like Tanishq and Melorra.
alaika Mihambo of Germany snatched the Olympic gold in women's long jump with her final leap of 7.00 metres in an enthralling final at the Tokyo Games on Tuesday.
Julia Grosso kept her cool with the decisive penalty in sudden death to give Canada top spot on the podium after bronze medals at London and Rio.
The best way to curb gold demand is by reducing black money in circulation.
The council is looking at the youth as a segment in the global market and has started the LoveGold on the social media (Facebook and Twitter).
Jamaica's Elaine Thompson-Herah made Olympic history in Tokyo Tuesday, blazing to victory in the 200 metres to complete an unprecedented women's sprinting "double-double".
Global gold demand hit an 11-year low in 2020 at 3,759.6 tonnes, mainly due to a weak October-December quarter and the COVID-19 related disruptions across the world driving a muted consumer sentiment throughout the year, the World Gold Council (WGC) said in a report. The overall consumer demand during 2019 was at 4,386.4 tonnes, while in 2009 the overall demand was at 3,385.8 tonnes, according the WGC's 2020 Gold Demand Trends report. Global gold demand dropped by 28 per cent year-on-year (YoY) to 783.4 tonnes in the fourth quarter compared to 1,082.9 tonnes during the October-December period of 2019, the report stated.
Regaining the lost sheen, sales of gold jewellery and coins are set to touch pre-COVID levels in volume terms on the auspicious Dhanteras as easing pandemic concerns and pent up demand saw consumers flocking to stores to buy the precious metal. Increased footfall at stores and brisk sales online as well as relatively softer gold prices compared to record Rs 57,000 per 10 grams level in August spurred increased buying, especially light weight offerings, on Tuesday. Dhanteras is considered to be auspicious for buying precious metals and other valuable items.
I have not announced retirement: Mary Kom
Gold schemes are offering attractive returns to investors.
In the past two years, investors in gold have lost money.
The recently approved government scheme provides both liquidity and returns.
India's gold demand recovered during the January-March period to witness a growth of 37 per cent at 140 tonne compared to the same quarter of 2020, due to ease of COVID-related restrictions, pent up demand and softening of prices of the yellow metal, according to the World Gold Council (WGC). The overall gold demand stood at 102 tonne during the first quarter of 2020, as per WGC data. Gold demand in value terms increased by 57 per cent during the first quarter of this calendar year to Rs 58,800 crore compared to Rs 37,580 crore in the corresponding period of 2020.
A number of high-profile electoral battles, starring veterans and debutants, formidable opponents and unlikely contestants, feature in Tuesday's outcome.
Based on the estimate, a courier bringing in 1 kg of gold currently worth around $40,000 at world prices could earn $470 if not caught.
India has 20,000 tonnes of idle gold; gold is an important aspect of women empowerment: PM.
Anamika Pareek answers five most frequently asked questions about investing in silver ETFs
Conversion into jewellery during redemption would entail 15-20% wastage and making charges, rendering the scheme inefficient
The current bear run has already been the second longest since 1975.
The Finance Minister has withdrawn excise exemption on 130 items and a nominal central excise duty of 1 per cent is being levied on these 130 items that are mainly in nature of consumer goods.
The Enforcement Directorate has arrested four persons including the MD of the Lava International mobile company and a Chinese national as part of its ongoing money-laundering probe against Chinese smartphone-maker Vivo, official sources said on Tuesday. They identified the four as Hari Om Rai, the MD of Lava International company, Chinese national Guangwen Kyang, chartered accountant Nitin Garg and a person called Rajan Malik. They have been taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA).
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.
'I found it unbelievable that L&T said 45,000 jobs were waiting to be filled because of unavailability of suitable skillsets.' 'So, when the Opposition sweepingly says there are no jobs, I'm sorry... I'm not saying it's raining jobs, but there are jobs. The (skill) gap has to be bridged.'
India's Swapna Barman on Thursday tendered an "unconditional apology" for her sensational allegations that she lost out on a bronze medal in the women's heptathlon competition of the ongoing Asian Games to a "transgender" athlete.
It was double delight for the hosts in the men's 61kg junior event as Sankar Lapung clinched the bronze medal with a best effort of 256kg (114kg+142kg).
The short-term risk to our external balances stems from the yellow metal.
But new faces, such as world champion 10m air rifle shooter Rudrankksh Patil, Esha Singh (10m air pistol), Sift Kaur Samra and Ashi Chouksey (50m rifle 3-positions) are some of the brightest prospects in the team with a potential to aim for gold, notwithstanding the extremely tough challenge the Chinese will pose in the coming fortnight.
India's weightlifting juggernaut continued to roll at the Commonwealth Games, with Punam Yadav adding a fifth gold medal to the tally after winning the 69 kg category for women on Sunday.
Falguni and Shane Peacock, the celebrated fashion designers, invite you into their home.
The World Gold Council (WGC) said the recent fall in gold prices was driven by speculative traders in the futures markets.
In Dubai, A Ganesh Nadar encountered high speeds on smooth-as-silk-roads, no bureaucracy, gold, Mr Toad's. And snow!
Sales of gold coins and bars should be curbed after reaching around 300 tonnes
While the performance of pistol shooters was creditworthy, their rifle counterparts were at a different level altogether.
Former education minister of West Bengal Partha Chatterjee and his aide Arpita Mukherjee were sent to 14 days in judicial custody by a special court in Kolkata on Friday in the SSC scam case.
In India 24-carat gold is used mostly in coins and bars
In the past 18 months, the department of revenue intelligence has seized 50 containers of cigarettes, valued at nearly Rs 200 crore
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