Diwali Gold Buying

Due to global uncertainties, gold prices have soared almost 30 per cent since last Diwali, prompting consumers to explore alternative investment resources to meet their financial goals

Gold rate today: As gold prices are expected to be highly volatile, especially due to Brics headlines, buying the dips is the preferred strategy

China's official gold reserves, Wood said, have increased by 314 tonnes, or 16.1 per cent, from 1,948 tonnes at the end of October 2022 to 2,262 tonnes at the end of March 2024

Local gold prices were trading around Rs 60,900 ($731.81) per 10 grams on Friday after hitting an all-time high of Rs 61,914 ($744.00)this week

Lab-grown diamonds have become more popular in this year's festive season as prices plunged to less than half year-on-year

If you bought gold during Diwali 2019, by this Diwali you would have been sitting on 60 per cent returns on your domestic Gold investments, said Motilal Oswal Financial Services

Gold, considered a safe-haven asset, offers a compelling investment prospect, especially in periods of increasing inflation and unforeseen market turbulence

If you buy gold for more than Rs 2 lakh per transaction, regardless of the mode of payment (cash or electronic), you must disclose PAN details to the jewellers,

Whether you want to diversify your portfolio or celebrate the festive season by gifting gold, it's essential to understand the various investment options and their associated tax implications

Experts expect prices to hit Rs 62.500 per ten grams this Diwali while silver may touch Rs 75,000.

Industry estimates suggest that nearly 30 tonnes of gold is sold on Akshay Tritiya, last year

Titan which sells Tanishq brand gold and diamond jewellery, operates over 350 retail stores across the counter. Apart from that, the company also sells huge quantity of its products online.

In pics: Eight images that capture India's festive mood before Diwali

It's Diwali again and like every year it's about so many gifts to give, travelling home to meet loved ones, making 'rangoli' and shopping

Most jewellers have also posted a sharp increase in lightweight gold jewellery sales for gifting and diamond ornaments for wedding and self-consumption

Dhanteras was a muted affair in most markets across the country with traders complaining of lesser footfall and reduced consumer spending

After poor sales during Dussehra festival, demand improved significantly over the last two weeks but was still 15% lower than last year's Diwali