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While equity mutual funds offer potential to build wealth over the long term, debt funds add to the stability and liquidity.
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"Gold prices have moderated compared to last year. We are observing good traction in terms of buyers & volume growth," said Ajoy Chawla, CEO, Tanishq.
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The price band of the issue has been fixed at Rs 2,080-2,150 per share with a face value of Rs 1 per share.
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The 24-carat variant of the yellow metal was trading at Rs 47,702/10 gm, up Rs 190/10 gm from previous day’s price of Rs 47,512/10 gm
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Gen Z (18-24 years) and Gen Y (25-30 years) account for the majority of first-time investors
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The price of 22-carat gold was also down by Rs 359 to Rs 43,521/10 gm on Wednesday.
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Soft prices help gold sales, inflation hits consumer appliances
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The interest rate of different types of provident funds range between 7.1% and 8.5%.
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Top cryptocurrency prices today: The world's oldest and largest cryptocurrency Bitcoin rose by 3.75% to $63,27.60
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