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In the international market, gold was trading with gains at USD 1,844 per ounce and silver was flat at USD 27.18 per ounce.
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Rising prices of yellow metal leads to higher investment
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India Gold MCX April Futures were trading flat with a positive bias on February 10, tracking positive trends in international spot prices. On the Multi-Commodity Exchange (MCX), April gold contracts were trading higher by 0.25% at Rs 48,068 for 10 grams at 10.10 am. March silver futures were trading 0.27% higher at Rs 69,885 a […]
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The precious metal had closed at Rs 47,064 per 10 grams in the previous trade
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The yellow metal prices are down almost 15% from August highs
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"Gold prices declined on lack of progress over the US stimulus package and in absence of fresh triggers. Traders and investors also rushed to book some profits," said Tapan Patel, HDFC Securities, Senior Analyst (Commodities).
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Jewellers dealing in black market can save 5.5% tax (3% GST and 2.5% cess), much more than the earlier 3% tax, by undertaking cash deals.
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Sovereign Gold Bonds (SGBs) are government securities denominated in grams of gold and are substitute for holding physical gold. The best part about gold bonds is that apart from the market prices, you also earn 2.5% interest, which is payable semi-annually on the initial value of investment. It is not a very old scheme as […]
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Upstox, also known as RKSV Securities India, on January 19 launched a digital gold investment platform for its clients. Apart from investing in the stock market and mutual funds, over 20 lakh Upstox clients can now also invest in gold online and right from the mobile app. The platform enables customers to buy 24-karat digital […]
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Raise your hands if you have ever been fascinated by the gold jewellery. We love gold, isn’t it? Besides being a fashion accessory, gold can also be an excellent investment option. But, before buying the captivating yellow metal, you must avoid a few silly mistakes to get the best deal. Money9 tells you nine things […]