The trigger for international gold prices rising to $3,000 per ounce was Germany's upcoming heavy government borrowing.
Domestic gold jewellery consumption is likely to decline by 9-10 per cent in 2025-26, mainly due to a 33 per cent surge in gold prices, a report said on Thursday. The consumption of bars and coins increased 17 per cent and 25 per cent, respectively, in FY24 and FY25, reflecting investor preference for safe-haven assets amid global macroeconomic uncertainty and heightened geopolitical and trade tensions, Icra said in the report.
India has 20,000 tonnes of idle gold; gold is an important aspect of women empowerment: PM.
Bhumi Pednekar and Rakul Singh are currently busy promoting their rom-com Mere Husband Ki Biwi, co-starring Arjun Kapoor.
India's gold demand witnessed a 15 per cent on-year decline to 118.1 tonnes in the January-March quarter of this year, even as value grew by 22 per cent to Rs 94,030 crore due to surging prices, the World Gold Council (WGC) said on Wednesday. According to the WGC forecast, India's gold demand for 2025 is expected to be between 700-800 tonnes.
After three straight quarters of decline, India's housing market is pinning hopes on the ongoing festival season to revive sales momentum. While 2025 may still end with sales volumes below 2024 levels, developers believe the seasonally strong October-December quarter could narrow the gap, aided by stable interest rates, festive incentives, and resilient demand in the premium segment.
'Now there is no fight between us (Thackerays); now the fight is with them.'
Ask rediffGURU Reetika Sharma your insurance mutual fund and personal finance-related questions.
Gold demand in India witnessed a 5 per cent on-year rise at 802.8 tonnes in 2024 supported by reduction in import duty, and purchases related to weddings and festivals, and going ahead consumption of the yellow metal in 2025 is likely to be between 700-800 tonnes, according to the the World Gold Council. The World Gold Council (WGC) in a report on Wednesday said gold demand in the country in 2024 stood at 802.8 tonnes, as against 761 tonnes in 2023.
Reliance Money, investment product distribution arm of Anil Dhirubhai Ambani Group, is foraying into retailing of its own brand of gold coins, which would be made exclusively by Swiss precious metal refining major Valcambi.
Leading jewellery and watchmaker Titan on Monday reported an increase of 59 per cent in consolidated net profit at Rs 1,120 crore for the September quarter of FY26.
Roger Federer is regarded by many as the greatest tennis player ever and is a national hero in Switzerland.
Strong margins in the jewellery segment in Q4FY25, steady growth guidance for FY26 and expectations of outperformance in the organised jewellery sector boosted sentiment for the largest listed jewellery maker by market capitalisation, Titan Company. The stock was the highest gainer on the benchmark indices (Sensex as well as Nifty), rising 4.1-4.5 per cent at close on Friday, taking the total gains over the past month to about 12 per cent.
'Why don't I organise an auction of cinematic memorabilia?' recalls Dinesh Raheja. 'There are sure to be legions of film buffs who will cherish the chance to own souvenirs intimately associated with their favourite stars onscreen.'
: Build lasting wealth via disciplined, long-term mutual fund investing in India's compounding marathon, Shanaihi, Shanaihi, says Ramalingam Kalirajan
In July alone, 2.5 tonnes of gold coins were imported so far from South Korea under zero-duty facility
Jennifer Lopez sang, Ranveer Singh danced, Janhvi Kapoor, Varun Dhawan, Shahid Kapoor, Kriti Sanon, Jacqueline Fernandez, Nora Fatehi performed at American businessman Rama Raju Mantena's daughter, Netra Elizabeth's Udaipur wedding with tech entrepreneur Vamsi Gadiraju.
There are better ways to hedge inflation and exchange rate risk than buying gold, says Martin Feldstein.
Look at gold bonds or gold monetisation scheme instead of buying physical gold
Apart from the emotional value attached to buying gold, the yellow metal offers protection against inflation, interest rate spikes, currency and geopolitical risks, says Anamika Pareek.
Only 21 tonnes of gold have been mobilised in the last eight years under the gold monetisation scheme (GMS) which was announced by the Government of India in November 2015. This could be considered as a failure as the scheme has undergone several changes with a revamped GMS announced in April 2021 to improve collections. This figure was released by the World Gold Council (WGC) on Wednesday in its report titled 'Gold Investment Market and Financialisation, in India gold market series'.
Around 700 post offices across the country would sell gold coins this year.
Dhanatrayodashi is called Dhanteras and its twinkling lights set the mood of India's greatest and most popular festival -- Diwali, the festival of lights.
With an 11% return in 2022, gold was the best-performing asset class, beating equities, debt, real estate etc, by a considerable margin. Rishi Piparaiya explains why gold needs to be a part of our investment portfolio.
Gold coins are selling at a Rs 100 per 10 gram premium since Guru Pushya Nakshatra, one of the most auspicious occasions for buying precious metals in western Indian states.
The pros and cons of investing in gold coins and bars, jewellery, gold ETFs and gold mining stocks.
Gold deposited by households to gold savings accounts will be used for auctioning, replenishment of RBI's gold reserves.
From gold coins to crisp paper notes, Indian currency has had a sea change. Take the Rediff Business Quiz and find out how much you know about Indian monetary system.
Chirag Mehta, senior fund manager -- alternative investments at Quantum AMC, shares his views.
One of the world's rarest and most sought after collector coins, the 1933 Double Eagle, was sold at Sotheby's auction house in New York on Tuesday July 30, 2002 for the record sum of $7.59 million.
Police in West Bengal seized a large cache of arms and ammunition from a flat in North 24 Parganas district, arresting one person in connection with the seizure. The recovered items include firearms, ammunition, cash, gold, and antique coins.
'At Keeladi, we have not come across any evidence for organised religion.'
Gold prices have been on an uptrend in the last few months, rising nearly 28 per cent to $2387 per ounce now. This rise in gold price, according to Christopher Wood, global head of equity strategy at Jefferies, is attributed to the demand from China amid lack of investor euphoria as regards the yellow metal. "Recent developments show a distinct lack of investor euphoria as regards gold, the question remains what is driving the current rally.
Diwan Arun Nanda, founder of Rediffusion and one of India's last great admen, changed the industry with memorable campaigns, political ads, and a rare mix of sharp strategy and creativity.
'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.'
Trend may slow down the growth in investment demand of the yellow metal in the short term.
Banks can also allow the depositors to deposit their gold directly with the refiners.
Gold seems to be losing its glitter in India due to a rise in prices. Demand in Q2CY24 was 149.7 tonnes - a 5 per cent drop compared to 158.1 tonnes in the same period last year, according to a report by the World Gold Council (WGC). Demand by value in April-June 2024 stood at Rs 93,850 crore, up by 14 per cent compared to Rs 82,530 crore in the same period last year.
