Gold, currently trading at Rs 38,177 per 10 gram, has given investors a return of 20.3 per cent over the past year
If this Diwali season fails, the jewellery industry is expected to face huge losses
PNB scam, IL&FS default have dried up working capital loans for thousands of MSMEs, which are now struggling to stay afloat
Traders fear a drop of as much as 50% in sales over the previous season; tepid imports also point to poor offtake this time around
Govt action aims to arrest round tripping but will hurt genuine exporters
In the first six months (January to June) of this calendar year, India imported 427.8 tonnes of gold at a monthly average of 71.3 tonnes
Have a 10-15 per cent allocation to gold in your portfolio. Since this is an asset class whose value fluctuates quite a lot, build your exposure by investing systematically
Compared to gold, diamonds are an inferior store of wealth and therefore unlikely to benefit significantly from an investor flight from fiat currencies, the analyst wrote
Gold-silver ratio can give direction whether the latter will rally or not
Those with long horizon should use sovereign gold bonds; short- to medium-term horizon may consider gold ETFs
Moderation in prices is crucial for the gems and jewellery business ahead of the festive season
Gold loan is the quickest and easiest to avail
In global markets, both precious metals continued downward spiral
Retail gold imports in July nearly halve to 38 tonnes. August imports dip to 3-year year low of 30 tonnes, down as much as 73% YoY
Today, gold needn't be held physically; which makes it truly an investment product that comes without the associate sentimental attachment
The illegal trade could rise further in coming months as India, the world's second biggest gold consumer, raised an import tax on gold by 2.5 percentage points to 12.5% in July's federal budget
The average gold price in the September 2019 quarter, so far, is now up 11.5% from the June quarter
Fresh buying by jewellers ahead of the festive season also aided the rally in the precious metal
Jewellers practising ethical business are needed to buy gold as underlying on the day they receive a monthly share of jewellery deposit
Money collected through deposit schemes is diverted to pay mark-to-market margin of lenders