Buying gold this Akshaya Tritiya? Check out these options

Buying gold this Akshaya Tritiya? Check out these options

There are several options in the market today if you want to invest in gold, but do not want to buy traditional gold jewellery or gold coins. Instead of buying physical gold, you can opt for sovereign gold bonds (SGBs), gold exchange-traded funds or ETFs and gold mutual funds (MFs). In India, Akshaya Tritiya is considered an auspicious occasion for buying gold. There are several options in the market today if you want to invest in gold, but do not want to buy traditional gold jewellery or gold coins. Instead…

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Akshaya Tritiya: Big gold discounts on offer; do these checks before buying

Akshaya Tritiya: Big gold discounts on offer; do these checks before buying

When you buy gold jewellery you should always check for its purity by looking for hallmarking In a bid to lure gold and jewellery buyers on Akshaya Tritiya, jewellers are offering major discounts on making charges ranging up to 50% of the charges on other days. Orra Jewellers and PNG Jewelers for example are offering up to 50 per cent off on making charges on certain jewellery, while M K Jewels is offering 20% discount. “Our offers include 0% making charges on gold coins and gold bars along with an…

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Gold bond or physical gold: Which is better post demonetisation?

Gold bond or physical gold: Which is better post demonetisation?

“There is a good chance that the government will introduce another tranche of gold bonds towards the end of December or early January. It is best to wait for the issue and buy the bonds if one is interested in gold. SGB are safer and provide a nominal return,” Hareesh V, Research Head, Geofin Comtrade Ltd said. Sarbajeet K Sen Moneycontrol The recent slide in gold may prompt you to think of buying the yellow metal as an investment as the prices may look attractive. Personal finance and commodity experts…

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Demonetisation: Equities remain best bet; avoid exposure to gold, real estate

Demonetisation: Equities remain best bet; avoid exposure to gold, real estate

Domestic equity market has witnessed a slide in recent weeks even as there is widespread expectation that governor of Reserve Bank of India, Urjit Patel, will announce a cut in repo rate in the forthcoming fifth bi-monthly Monetary Policy statement on December 7 to spur growth. Sarbajeet K Sen The demonetisation exercise by the government has created negative impact on asset classes such as real estate and gold, with purchases slowing down in both. Domestic equity market has witnessed a slide in recent weeks even as there is widespread expectation…

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Should you buy physical gold or gold ETFs?

Should you buy physical gold or gold ETFs?

Are you debating between buying physical gold and investing in paper gold schemes or ETFs? Anil Rego has the answer Let us begin with a fundamental question. Why are you buying either gold or gold schemes? Just as an investment to bear returns in the future? As jewellery, because you have a wedding or family occasion in the near future? As jewellery, because you will need it in the not so near future? You need to answer these questions before you proceed further. In case you are looking to buy…

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Where is gold headed after Donald Trump victory, Narendra Modi’s phasing out of Rs 500, Rs 1000 notes

Where is gold headed after Donald Trump victory, Narendra Modi’s phasing out of Rs 500, Rs 1000 notes

Big action in Gold on two big back-to-back events Donald Trump’s election as the next US President and the Narendra Modi led Indian government’s move to phase out existing Rs 500 and Rs 1000 notes as part of a crackdown on black money.In the domestic market gold was up intra-day by Rs 1017 or 3.29 per cent and trading at Rs 30,897 per 10 grams, while in the international market it was trading up 0.38 per cent at $ 1314 an ounce. It had risen to $1337.40. Experts believe that…

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Gold ETFs AUM stagnant despite price rise

Gold ETFs AUM stagnant despite price rise

According to industry watchers, interest in Gold ETFs is waning with the launch of new gold schemes Despite gold seeing significant price gain since the start of the year, assets managed by Indian gold exchange-traded funds (Gold ETFs) have been stagnant at Rs 6,500 crore levels for the past many months. All these months, the funds have witnessed net outflows. The cumulative assets under management (AUM) of gold ETFs stood at Rs 6,349 crore in August. In the same month last year, the AUM was Rs 6,323 crore, and in…

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Gold – Are you sacrificing gains for good looks and a great wear?

Gold – Are you sacrificing gains for good looks and a great wear?

Gold – Better as a commodity or jewelry? When Smitha married Bharat, a software engineer in 2006, she carried with her a little more than 500 gm of gold as jewelry to her in-laws home. Smitha is the eldest of three the girls in her family, and works as a secretary to the CEO of a small private company in Bangalore. Smitha’s parents lived all their life in simplicity saving money and gold for their three daughters in order to marry them off in a respectable way. They believed, that…

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Gold – Glittering all the way and to everyone

Gold – Glittering all the way and to everyone

Gold – the much coveted metal, makes waves in the Indian market every season. Indians consider gold as a symbol of wealth and sanctity. Yes, Gold is definitely a measure of wealth and the metal has stood the test of time. Every social or economic class in the Indian society buy and use gold in some form.  Gold is versatile in nature, because of its significant ability to perform as a currency, commodity and investment. Let’s take a quick look at why gold is considered a precious metal and the…

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Gold Prices hanging low – Why you must have it in your investment portfolio?

Gold Prices hanging low – Why you must have it in your investment portfolio?

Javed Khan has been an avid investor in equities and mutual funds for a long time. During a recent visit abroad he found that a lot of his friends were investing in gold and they all believed that the gold prices hanging so low would be an important investment in the coming years. While Javed found these arguments exciting, he was not really convinced that gold could be a good investment. He had grown up seeing his family members obsessing over gold and jewelry. He had always considered gold an…

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