With a strong surge in sales of gold, silver, utensils, kitchenware, vehicles, electronic and electrical goods and other auspicious items, total business for traders and market hubs crossed ₹1 lakh crore across the country as per estimates by the Confederation of All India Traders. Praveen Khandelwal, Secretary-General, CAIT and Member of Parliament from Chandni Chowk…
Luxury and prosperity are shining bright this festive season, with online platforms like Amazon and BigBasket witnessing record demand for gold, silver, and fine jewellery purchases ahead of Diwali and Dhanteras. Premium fashion on Amazon Fashion and Beauty has seen a sharp uptick, led by fine jewellery and luxury watches. “This festive season, premium fashion…
Gold and silver buying on the auspicious occasion of Dhanteras kicked off on Saturday with jewellers expecting higher footfalls, though record high prices of the yellow metal could dampen demand by 15 per cent in volume terms compared with a year earlier. Dhanteras, the most auspicious day in the Hindu calendar for buying items ranging…
In India, the act of acquiring gold and silver transcends a mere financial transaction; it’s a deep-rooted tradition. For countless generations, these precious metals have been purchased in the form of coins and ornaments during auspicious periods like Dhanteras and Diwali. These purchases carry immense spiritual significance and are simultaneously regarded as a prudent strategy…
After a bumper rally over the past few weeks, the precious metals market witnessed a sharp correction on Friday, as both Gold and Silver prices tumbled on the Multi Commodity Exchange (MCX). The decline came amid a profit-taking wave triggered by specific external market factors that temporarily eased geopolitical and economic anxieties. Gold prices of…
In the last one month, gold prices have jumped by ₹20,073 per 10 gram or 18 per cent, triggering a strong ‘fear of missing out’ (fomo) syndrome among buyers | Photo Credit: SIDDHANT THAKUR It is going to be a glittering Dhanteras with the gold rush continuing at retail stores despite yellow metal prices hitting…
Jio Financial Services, a Reserve Bank of India (RBI) registered Core Investment Company, operates a full-stack financial ecosystem through subsidiaries such as Jio Credit, Jio Insurance Broking, Jio Payment Solutions and Jio Payments Bank. | Photo Credit: FRANCIS MASCARENHAS Jio Financial Services Limited (JFSL) has announced a special festive campaign “Jio Gold 24K Days”, which…
WinZO platform announced the launch of ZO Gold, an offering for users to digitally invest in gold starting at ₹2 in partnership with SafeGold. Through ZO Gold, users can buy, save, and track gold digitally, starting with micro amounts and set up recurring contributions like SIPs. “The goal is to make wealth creation simple, intuitive,…
Gold and silver rose to records as fears about credit quality in the US economy and heightened frictions between Washington and Beijing strengthened demand for havens. Bullion rose as much as 1.2 per cent to $4,379.93 an ounce before paring some gains — putting it on track for its biggest weekly advance since 2020 and…
Gold’s glittering rally is expected to continue, with prices likely to climb towards $4,500 per ounce in overseas markets, supported by sustained global central bank purchases, persistent geopolitical tensions, and strong Asian demand, according to a report by Motilal Oswal Financial Services Ltd. Silver, which has outperformed gold in terms of returns so far this…
