Sebi will e-auction next month, 48 jewellery and ornaments of gold (3.21 kg) of Sai Prasad group
Gold loans are a quick, easy and low-cost way to meet your immediate and emergency financing needs, but do ensure that you entrust your gold in safe hands after thorough due diligence, suggests Gaurav Gupta, founder and CEO, MyLoanCare.in.
For the first time, consumers, including those at the so-called bottom of the pyramid, are monetising gold by taking loans from banks, offering the yellow metal as collateral, says Tamal Bandyopadhyay.
'The temple's construction is the result of collective wisdom of some of the best brains in the country. Water and sacred soil from almost all pilgrimage sites in India, including Gangotri, Yamunotri, Kailash Mansarovar, Prayags (there are seven Prayags) and all 'puris' (seven holy towns in India, besides Ayodhya) have been used in the making of the temple'
Jewellers sold huge quantities of precious ornaments at a premium of up to 50%.
Standard gold prices soared to unprecedented levels to touch Rs 8,215 per 10 grams, gaining Rs 65 on a single day, while the price of the 22 carat ornament gold rose to a record high of Rs 761 per gram.
The current bear run has already been the second longest since 1975.
What are the tax implications of investing in gold bonds issued by the State Bank of India? Is there any tax liability associated with investing in gold? Read on to find out.
Pradip Burman belongs to one of India's most illustrious business families, one which runs the noted Dabur brand of mostly Ayurveda-based FMCG products.
Bollywood has a history of making heads turn -- theirs and everybody else's -- in shiny hair accessory.
The Chhattisgarh police has arrested two people in connection with a Rs 20-crore burglary from a jewellery store in Delhi earlier this week and recovered around 18.5 kg of gold and diamond ornaments from them, a senior official said on Friday, even as the probe suggested involvement of only one person in the incident.
The raids were carried out across 23 locations in the state and involved around 200 sleuths, they said.
Indian jewellery exporters see a ray of hope as the country opts for more carats.
After the Ganesh Utsav ended on Friday, the donation box at Mumbai's famed Lalbaug Cha Raja pandal was opened on Monday, September 12, 2022.
In the spirit of the season, Sukanya Verma has curated a list of holiday fashion essentials just for you.
The first time I saw the idol, I was thrilled and tears started rolling down my face. I cannot explain the feeling I experienced then
With gold breaching the Rs 20,000-mark for a sovereign recently, market figures show there has been no let-up in retail buying, as gold is an integral part of marriage, cutting across caste and community divides in Kerala.
People now look for quality and purity of ornaments. They look for 916 purity and BIS hall marking. Here the large shops have an edge and variety. Large jewellery houses are now invading smaller towns and villages. For a 2,000-sq-ft showroom more than 25 salesmen would be required apart from interiors.
Move comes after agencies unearth several cases of misuse of the 80:20 scheme.
A woman was robbed of her gold jewellery, cellphone and ATM card by an unidentified person after he terrorised.
Gold sales were reported at 40 tonnes last year; this might have been surpassed this year.
The Madras high court has directed the Tamil Nadu Crime Branch-CID police to probe the case of 'missing' gold, which left the country's premier investigating agency red-faced.
With incessant rains and the hot sun adding to the miseries of quake victims in Nepal, India on Thursday rushed 8,450 tents to its disaster-struck eastern neighbour.
Price up on weak dollar and strong demand
As gold prices turn prohibitive, traders fear a drop of as much as 50% in sales over the previous season.
Sentiments remained bullish as gold rose to a two-week high in overseas markets, gaining with other commodities as the dollar weakened, after the US Congress passed the 'fiscal cliff' deal, easing concern that a recovery in the world's biggest economy may be derailed.
Dussehra began with platinum jewellery sales scoring over gold ones, amid expectation of a higher potential of price spurt in the white rare metal.
Judge HA Mohan presiding over the additional city civil & sessions court held that the kin, J Deepa and J Deepak, were not entitled to the properties that have been confiscated by the state.
'Modi knows the people here are opposed to this project, but he is using the might of government to push this port down our throats.'
Meanwhile, retail jewellery sales in India have declined by 50 per cent since gold price started its uptrend nearly two weeks. Buyers deferred their fresh purchase amid expectations of a correction in gold prices from the current high level.
Here are some significant facts about Akshaya Tritiya and options available to buy gold.
'Over a span of three years, our entire studio was devoted to Heeramandi.'
The World Gold Council, which represents the mining industry, puts India's demand between 850 and 950 tonnes in 2014.
Silver also traded lower by Rs 100 to Rs 37,200 per kg.
Even those reaching out to jewellery showrooms at the peak of the marriage season are putting a cap on their purchases, jewellers rued.
Bullion dealers said higher overseas market advices have led traders to stock more gold, leading the metal to end Rs 5 higher at Rs 8,725 per ten gram.
More than 3,000 gifts for Lord Ram from Sita's birthplace in Janakpur in Nepal have arrived in Ayodhya.
'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.'
Gold prices on Thursday crossed the psychological Rs 18,000 per ten gram level in early trade in the national capital today on frantic buying by stockists and jewellery makers, in line with a firming global trend.Gold, which had set a new milestone at Rs 18,000 per ten gram in the previous session, opened higher by Rs 80 at Rs 18,080 per ten gram in the Delhi bullion market.
