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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 […]
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Initial data about the Dhanteras festival in November suggests that while jewellery demand was still below average, it had substantially recovered from the lows seen in the second quarter (April-June 2020) of last year, it said.
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Gold is India’s most wanted investment as well as inheritance. Gold is bought in 3 ways- physical form like a coin, bullion or jewellery, as paper gold like gold exchange-traded funds, gold funds or sovereign gold bonds and in the digital form. Many banks and mobile wallets like Paytm and Phone Pe offer digital gold. […]
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Indians love splurging on gold. As a country, India is the largest importer of gold, with 800-900 tonne of gold imported every year, accounting for 25% of the global demand. The yellow metal is popular for many reasons. It not only provides capital appreciation and liquidity, but has also proved to be an excellent hedge during […]
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Even with gold trading at Rs 56,200 per 10 grammes on Friday, it is still not too late to join the gold rush party, says Prathamesh Mallya, AVP Research, Non-Agri Commodities & Currencies, Angel Broking. 100% Returns in 5 Years An investor who bought gold on January 1, 2016, at Rs 25,042 would have doubled […]
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The government has trashed a media report which stated that KYC will be required for any purchase of gold and silver. The government has reiterated that jewellery purchases of above Rs 10 lakh only need to furnish KYC. New Gold Policy The government has reportedly been planning to introduce a gold policy to develop it […]
