Indians Are hold of Gold Worth Rs. 63 Lakh Crore..!

Indians are estimated to hold nearly 24,000 tonnes of gold worth Rs. 63 lakh crore, equivalent to about ` half the country's current GDP . The central government wants to put this passive asset, which only earns capital appreciation, to better use with the right incentive…

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Gold, How it is Adulterated and How Consumers are Being Cheated?

GOLD – the metal that every consumer covets...! As you all are aware, Akshaya Tritiya is an important day in the Indian  Calendar and the most auspicious day for purchase of gold.  This year 2015  it falls on 21 st April and  Consumers Association of India ,  have called press  peo…

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Gold Investment - Not a zero - Sum Game - for the Indians collectively..!

by Mr. G. Chokkalingam,  Equinomics Research & Advisory..!  Indian households are estimated to have nearly 30,000 tonne of gold, which is worth nearly Rs. 78 lakh crore - this is equivalent to nearly 70% of India's GDP! India has imported about $ 18,000 Crore worth o…

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Gold imports by India Drop by 15%

Gold imports by India, the world’s biggest consumer after China, will probably decline for a third year as the government keeps curbs on shipments to prevent the current-account deficit from widening and to support the rupee. Foreign purchases may drop 15% to 700 metric tons…

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Gold Investment Schemes Vs Gold ETF ..

A gold-financing scheme might seem an attractive option, especially when jewellers offer huge discounts. Take a closer look. These schemes are offering standard discount rates that can be achieved through any other financial investment. Buyers are instead better off buying g…

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Over 4 Fold Increase in Smuggled Gold in 2013-14..

Gold metal also coming in via Bangladesh, Nepal, Sri Lanka, Myanmar Smuggling of gold has jumped manifold during fiscal 2013 - 14 due to the Central Government’s firm decision not to relax import curbs on the precious metal. Data from the Directorate of Revenue Intelligence s…

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Canara Bank: Gold Loans for Non-Crop Purpose!

Canara Bank: Gold Loans for Non-Crop Purpose.. (Base Rate : 10.20% with effect from 01/01/2014) Gold Loans and GLOD for Agricultural Purposes - BR+0.25% Gold Loans  and GLOD above Rs.2 lacs up to Rs.3 lac BR+2.25% SHG Loans: . Particulars ROI Upto Rs.3 lac BR+1 % Above Rs.3 lac Sl…

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MMTCs Retail Sale of Gold Not a Collective Scheme : SEBI

State -owned MMTCs proposal to sell gold to retail customers through a joint venture does not fall under the collective investment scheme category as the JV is neither offering any kind of returns nor is there any pooling of funds, The Securities and Exchange Board of India…

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Gold Price Fixing : Unfair Practice..

Every business day in London, 5 banks meet to set the price of gold in a ritual that dates back to 1919. Now, dealers & economists say knowledge gleaned on those calls could give some traders an unfair advantage when buying and selling the precious metal. The UK Financ…

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Central Govt. Gives FMC Power to Ensure NSEL Settles Dues..!

The central government on recently issued a notification empowering the commodity derivatives regulator Forward Market Commission (FMC) to look into the. Rs. 5,600 crore-settlement issue between NSEL & investors. We have issued the notification.With this the FMC will ta…

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2012: Gold Sales Rise 6%

Gold sales registered a 6% growth in 2012 depite spurt in the precious metal's prices in recent years, a top official of the World Gold Council said. Mr. Vipin Sharma, Director (Jewellery) WGC said,  “The total sales volumes of gold for 2012 stood at Rs 2.47 lakh crore a…

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Buying Gold ETF..!

Buying Gold ETF is purchasing gold in electronic form. You buy them just like you buy stock of any company from your broker. Gold ETF makes it easier for you to invest in gold. The investment objective of Gold ETFs is to provide you with returns that closely correspond with …

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Gold Smuggling : Step Up Vigil to Check by Central Government

The central government has asked its agencies to step up vigil on international borders to check spurt in gold smuggling ,Parliament was informed on recently. Department (Revenue) has issued instructions to all field formations to maintain increased vigil so as to curb smugg…

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Hundredth Century India: Commodity Tips..!

Sri Perumbudur based Hundredth Century India (P) Ltd., provides traders with very low rates &excellent customer service. It's commodity brokers are dedicated to providing clients with access to financial &commodity markets around the world. It strive to provide …

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India's Gold Imports: Decline in April - October, 2012

India's Gold imports declined to 398 tonnes during April to October of 2012-13 from 589 tonnes during the same period in the previous fiscal, the Parliament was informed on recently. The import of gold had declined from 589 tonnes in 2011-12 (April to October ) to 398 to…

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AdVentures IndiA: Commodity Meeting at Mayiladuthurai on December 8, 2012

Chennai based major Commodity Trading Member Adventures India will be organise a Commodity Awarness Programme at  Mayiladuthurai ( மயிலாடுதுறை ) on December 8, 2012. Date:  December 8, 2012 , Saturday Time:  Morning 10 AM  onwards Venue: Hotel Sillampu ( ஹோட்டல் சிலம்பு ), Near Bus …

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Reliance Money : New Gold Savings Plan

Reliance Money, in association with the World Gold Council (WGC), announced the launch of Reliance My Gold Plan , aimed at tapping the India’s unorganised Rs. 2,00,000 crore gold market. Minimum Rs.1,000 Per Month..! Under the plan, customers can invest up to a minimum of Rs. …

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