Gold demand in India is picking after slow sales in the last couple of years
With global growth expected to slow down, a 10% allocation will provide downside protection to your portfolio
Apprehension of high GST forces jewelers to bring all gold stock on books
All leading online portals are enticing consumers with some heavy discounts on gold
What if you were told that you can buy gold for a rupee on Akshaya Tritiya 2017?
An explainer on how to go about making investments in gold ahead of Akshaya Tritiya
Gold jewellery sale is expected to rise sharply on the occasion of Akshaya Tritiya this year, after an appreciating rupee prompted many to book a piece for delivery on the due date. A stronger rupee has mean the Indian price rise is slower than abroad.Akshaya Tritiya is on the coming Friday; it is considered one of the most auspicious occasions to buy a precious metal, primarily gold. In earlier years, people bought coins; the trend has shifted to token purchase of light jewellery, with the high prices. This year, bookings are skewed towards gold jewellery, in a price band of Rs 30,000-50,000 a piece.Buying has been robust this season, with consumers seeing a rising rupee as an opportunity to buy gold. This is one change over recent years -- from an occasional purchase, irrespective of price movement, consumers nowadays buy gold at every price dip, even without any occasion."It was not a real Akshaya Tritiya last year, due to jewellers' long strike ahead of this festival. While some ..
WGC, MD - India, Somasundaram PR said the buying behaviour of consumers is returning to normalcy following jewellers resuming business after a month long protest over excise duty
Gold ETFs track physical market gold prices & each unit of these ETFs is generally equivalent to 1gm of gold.