There's an entire gurdwara dedicated to immigration. People present tiny airliner models here in the hope that Waheguru will soon give them a ticket, passport and visa to leave, reveals Shekhar Gupta.
Gold prices this year are higher than last year, and the goods and services tax is an additional burden for consumers
However, in 2020, gold demand in India -- the world's second biggest consumer after China -- could increase to 700-800 tonnes on hopes of increased acceptance of high price level and likely economic reforms boosting consumer confidence, World Gold Council said.
The country's largest listed footwear brand by market capitalisation, Metro Brands, posted better than expected December quarter results for the 2022-23 financial year (FY23), riding on store expansion and strong same store sales (SSS) growth. Profitability too remained robust, even as net profit growth was marginally lower. The company, which retails across the Metro, Mochi, Walkway, Crocs and Fitflop formats, posted a 24 per cent growth in revenues over Q3FY22.
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In Delhi, gold of 99.9 and 99.5 per cent purity gained Rs 110 each to Rs 27,210 and Rs 27,010 per 10 gram, respectively.
The ongoing wedding season could not boost the trading sentiment and low demand from jewellers and retailers was witnessed, traders said, adding that a weak global trend because of strengthening of dollar also reduced appeal for the bullion.
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Silver also recovered by Rs 515 to Rs 36,750 per kg on increased offtake by industrial units and coin makers.
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Fashion Pasha Tarun Tahiliani inaugurated the FDCI India Couture Week with a splash -- like the glitter and glow of a phooljhari going off -- presenting the creme of India's wonderful craftmanship via inspired part-Western fits for brides.
Globally, gold climbed 1.85 per cent to $1,230.70 an ounce.
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Gold in New York, which normally determine a price trend on the domestic front, fell 0.40 per cent to $1,233.70 an ounce in Tuesday's trade.
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Extending its gains for the second straight day, gold prices rose by another Rs 100 to Rs 28,450 per ten gram in New Delhi on Monday on pick up in demand from jewellers even as the metal weakened overseas.
Who do you think nailed the bridal look better than anyone else this wedding season?
Rajasthan Royals had released eight players, including star Australia batsman Steve Smith, after the team finished at the bottom of the table in the 2020 edition.
Silver coins, however, continued to trade in a narrow range.
The wedding season is here. Buying a new silk saree for every occasion is an expensive affair. Want to look elegant without splurging much? Here are 5 elegant silk saree styles that look really expensive but actually they are not -
Silver coins, however, held unchanged at Rs 70,000.
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Rediff.com's Hitesh Harisinghani, Mayur Sanap and Afsar Dayatar introduce us to the best dressed cuties off the ramp at the Lakme Fashion Week.
By tying gold imports directly to export volumes, India is effectively trying to cap how much bullion can be brought into the country, tightening supplies and driving up local prices.
Prices of milk and derivatives such as cheese, butter, curd and skimmed milk powder were subdued for two years, on a supply surplus.
Globally, gold added 0.4 per cent to $1,228.65 an ounce in Singapore.
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In the overseas markets, which normally sets price trend on the domestic front, gold traded a shade higher by 0.05 per cent to $1,319 an ounce and silver by 0.14 per cent to $20.93 an ounce in New York in Tuesday's trade.
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Although the RBI's open market operations have ensured sufficient system-level liquidity, some sectors are finding liquidity to be a challenge owing to their credit profile.
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