Customers can redeem their SmartGold units for cash or physical gold anytime they wish
75% of respondents under the age of 35 prefer digital gold, citing its liquidity and convenience as major factors
Spot gold was trading with a gain of 0.78 per cent at $2,515 at the time of the MCX closing. MCX October gold was at Rs 71,948 (LTP), up 0.67 per cent on the day
Spot gold was trading with a slight loss of 0.19 per cent at $2,468 at the time of the MCX Closing
There is no direct tax applied at the time of purchasing gold. However, authorities capture the details of the gold purchase through the PAN information provided at the time of the transaction
Spot gold at the time of the MCX closing was trading at $2329, down 0.89per cent on the day, whereas the MCX August contract was changing hands at Rs 72,005, down 0.27per cent
Spot gold was up nearly 1 per cent Thursday on rate cut bets as the weekly US job data disappointed
By 2035, India's market-cap can touch $18-20 trillion as compared to around $4 trillion right now, Vikas Khemani said in this interview.
The price of 22-carat gold rose Rs 10 with the yellow metal selling at Rs 65,760
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 63,490, Rs 63,340, and Rs 64,290, respectively
Geopolitical factors, de-dollarization, inflation hedging has increased demand for gold
People who invested in the first series of Gold Bonds are about to get bumper returns on their invested. The first Gold Bonds were released in Nov 2015 at Rs. 2,684 per gram.
Lab-grown diamonds have become more popular in this year's festive season as prices plunged to less than half year-on-year
The study highlights that in times of geopolitical uncertainty, gold is expected to trend higher in the immediate term.
For those looking to invest in gold, sovereign gold bonds (SGBs) are superior to gold ETFs and gold mutual funds
Gold, considered a safe-haven asset, offers a compelling investment prospect, especially in periods of increasing inflation and unforeseen market turbulence
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
The NFO opens for subscription on November 3, 2023, and closes on November 10 2023.
Experts expect prices to hit Rs 62.500 per ten grams this Diwali while silver may touch Rs 75,000.
When investing in gold, you should not consider gold as an investment. Rather you should consider it as insurance to your portfolio