SILVER BARS
Gems, jewellery exporters seek import duty cut on gold, silver, platinum bars to 4 pc in Budget
Against the backdrop of the macroeconomic scenario, the council urged the government to take measures to revive exports in this sector. It also requested to introduce the sale of rough diamonds in SNZs (special notified zones); and "reduce the import duty on gold, silver, and platinum bars to 4 per cent; and introduce duty drawback on exports of platinum jewellery to take advantage of India UAE comprehensive economic cooperation agreement".
Gold, silver import surges 210 pc in 2023-24 from UAE; need duty revision in FTA: GTRI
Economic think tank Global Trade Research Initiative (GTRI) said this sharp rise in gold and silver imports is primarily driven by import duty concessions granted by India to the UAE under the India-UAE Comprehensive Economic Partnership Agreement (CEPA).
Silver ETFs beat smallcap, largecap MFs with 26% return in 2024 so far
Silver ETFs outperformed smallcap and largecap mutual funds in 2024, with a 26% return so far. Silver funds, dedicated to investing in silver, delivered an average return of 26.08% in 2024, with top performers including HDFC Silver ETF and UTI Silver ETF FoF.
Silver prices surge to nearly Rs 90,000/kg, still enough room for prices to move north
Silver prices surged to nearly Rs. 90,000 per kg, hitting an all-time high, driven by increased industrial applications and speculation of no immediate reduction in US Federal Reserve policy rates. Within a month, silver prices rose by over 5%, with analysts attributing this surge to growing industrial demand from electric vehicle and photovoltaic solar panel manufacturers. High prices prompted selling of household silver in Mumbai's Zaveri Bazaar. Importantly, silver imports in FY24 rose by about a third, indicating strong industrial procurement and stable prices.
Akshaya Tritiya buyers see the bright side; Q-comm coin deliveries see a hit
Industry executives in Kolkata predict a 20% year-on-year increase in Akshaya Tritiya sales value due to higher gold prices. Lightweight jewellery, including gold and silver coins, accounted for the bulk of demand, with gold trading at ₹72,633 per 10 gm on the auspicious day. Quick commerce platforms like Blinkit, Zepto, and Swiggy Instamart also contributed to the surge in demand, delivering gold and silver coins within 10 minutes.
Akshaya Tritiya 2024: Why do people buy gold on this auspicious day?
Hindus celebrate Akshaya Tritiya, believed to bring endless prosperity. The name itself - Akshaya (eternal) and Tritiya (third) — signifies the third day of the auspicious Vaisakha month. Gold, a symbol of wealth, is a popular purchase on this day, ensuring long-lasting prosperity. Know the significance of Akshaya Tritiya and why it is an auspicious time to buy gold
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Why invest in silver through ETFs?
Invest in silver ETFs for industrial diversification and value retention during economic cycles. Silver's fundamental demand, especially during turmoil, makes it a resilient investment like gold, offering a buffer to equity-debt portfolios.
Gold vs stocks: Bullion bulls race ahead in MF world. Which side are you on?
Gold and Silver commodity mutual funds have outperformed equity funds in the latest month. Notable performers include Invesco India Gold ETF FoF and Aditya Birla SL Gold Fund. Silver funds led by UTI Silver ETF FoF showed significant returns.
With 13% returns in 2024 so far, gold bulls leave Sensex behind by miles
Gold outperforms S&P BSE Sensex in 2024 with 13% YTD returns. Top stocks with superior performance to gold include Tata Motors, Sun Pharmaceuticals, Maruti Suzuki, Mahindra & Mahindra, State Bank of India, Tata Steel, Power Grid Corporation, NTPC, Bharti Airtel, and Reliance Industries.
Best bar cabinets under 2000 to smarten up your room decor
Upgrade your home space with a well-chosen home bar cabinet to make all the difference. In this article, we've curated a selection of top-quality cabinets that combine style, functionality, and affordability. From classic wooden designs to modern, space-saving options, there's something here to suit every taste, class and decor style
10 Exceptional Towel Bars Under 1000: Budget-Friendly Bathroom Upgrades
Explore the curated selection of the top 10 towel bars under 1000, combining affordability with quality. From space-saving wall-mounted towel bars to sturdy freestanding designs, discover stylish premium options for your bathroom that enhance bathroom organization without breaking the bank. Upgrade your bathroom décor with these budget-friendly yet functional solutions.
Towel bars under 500: Wide range of towel hangers for your bathroom
A towel bar is truly one of the most useful bathroom accessories; it not only helps to keep your towels and napkins organized but also gives a sophisticated and clean look. If you have been searching for a sturdy towel bar under 500 for your abode, then do not forget to check out this article featuring the best towel bars at an affordable price.
Bar cabinets under 5000 to accentuate your living room
A bar cabinet can be a great piece of functional furniture to keep your alcohol bottles organized. They not only bring sophistication but also elevate the overall look of your home. If you have been searching for a sturdy yet beautiful bar cabinet for your abode, then do not forget to check out this article, featuring a list of bar cabinets under 5000.
Top towel bars- The best bathroom towel hangers just for you
The article presents you with one of the top towel bars available in the market, offering readers a help in selecting the perfect option for their needs. It highlights a range of towel bars, discussing their features, materials, installation process, and design aesthetics. Each towel bar is evaluated based on criteria such as durability, resistance to rust, ease of installation, and overall functionality. By providing detailed insights into various towel bars, the article aims to assist readers in making an informed decision when choosing the ideal towel bar for their bathroom, kitchen or washbasin area.
Demand worries continue to put pressure on silver prices
Earlier, many investors considered silver as a store of value and a hedge against inflation. Demand for silver coins, bars, and ETFs is generally higher when the global economy faces uncertainty.
Will Budget 2024 care to sell family silver as privatisation drive flops?
The government is likely to miss its divestment targets for the fifth consecutive year, raising concerns about its privatisation plans. Data shows that the government has struggled to raise even half of the targeted proceeds for this fiscal year. Analysts are sceptical about further sales, especially with only six months left in the government's tenure. The upcoming interim Budget will reveal the government's stance on divestments.
Ahead of Budget, Commerce ministry backs import tax cuts on gold bars
The commerce ministry's support for lowering the tariffs comes ahead of the Interim Budget due next week. If a reduction in the taxes is accepted, Finance Minister Nirmala Sitharaman could announce the decision in her interim budget on February 1.
Centre increased import duty on gold and silver coins to 15%
The government has increased import duties on gold and silver finding and coins to 15%, including basic custom duty and ADIC. The new rates will be effective January 22. The government also increased import duties on silver dore, bars, and articles to align with gold and platinum import duties.
2024 Amazon Sale: Sparkle more with up to 60% off on Silver Jewellery this Diwali
The 2024 Amazon Sale is here to make your Diwali celebrations even more special. With up to 60% off on silver jewelry, you can add a touch of sparkle to your festive look without straining your budget. Amazon offers a stunning collection of elegant and affordable silver jewelry, allowing you to shine brighter during the Festival of Lights.
Gold Rate Today: As yellow metal trades at historic highs, is it time to book some profits?
MCX February gold futures were trading at Rs 62635 at the opening time, up Rs 266 or 0.43% from Monday's closing price. Meanwhile, the March Silver futures were trading at Rs 76,220 per kg, higher by Rs 52 or 0.07%
Beyonce shines in metallic silver Versace gown at Renaissance Film Premiere
Beyonce steals the spotlight in a metallic silver Versace gown at the Renaissance film premiere, making it rain fashion with her stunning and unforgettable red carpet appearance.
Learn with ETMarkets: Why ETFs offer silver lining amid global uncertainty, inflation
In times of economic uncertainty and rising inflation, investors seek refuge in assets that can withstand the eroding effects of a depreciating currency.
How to buy gold coins, bars online from MMTC-PAMP website this Dhanteras
You can buy gold and silver coins and bars completely online through the MMTC-PAMP website. Further MMTC-PAMP also is London Bullion Market Association (LBMA) accredited, hence the products sold here are of good quality. However cash on delivery (COD) is not available and all orders are mandatorily prepaid only.
Unlock prosperity this Dhanteras with the best purchases that guarantee abundance
With the festival of Dhanteras just around the corner, it's time to start searching for the perfect option to choose from. From traditional gold and silver coins to utensils and home decor, there are numerous options to choose from. This article presents a collection of the best Dhanteras purchase ideas, highlighting their appeal. Whether it's a timeless piece of jewellery or a home decor item, these gift ideas are sure to bring joy and prosperity to you and your loved ones on this auspicious occasion.
Diwali offers: Elevate your Style with Jewelry Gift Cards that Dazzle and Delight
Diwali, the festival of lights, is a perfect occasion to exchange meaningful gifts. Jewellery gift cards hold a special place during this festive season, symbolizing prosperity and elegance. Whether it's a delicate necklace, a sparkling pair of earrings, or a stunning bracelet, Jewellery adds a touch of glamour to any outfit. The shimmering gemstones and intricate designs make jewellery gifts a cherished token of love and appreciation. So, this Diwali, surprise your loved ones with the timeless beauty of jewellery and let the festivities shine even brighter.
Make Your Diwali Gifts Shine With Up to 21% Off on 8 Best Gold Bars in India (2023)
Seize the opportunity to elevate your Diwali gifting game with up to 21% off on Gold Bars in India during this festive season. Discover exclusive deals and understand why gifting gold remains a timeless symbol of value and prosperity. Explore the best picks that come with a quality assurance and premium aesthetics.
Amazon sale 2023: Up to 20% OFF on Silver Coins a complete gifting pack
During the Amazon Sale 2023, you can enjoy up to 20% off on gifting silver coins. This is a fantastic opportunity to purchase beautiful and meaningful gifts for your loved ones. Whether it's for a special occasion or just to show your appreciation, these discounted silver coins are a great choice. Don't miss out on this amazing deal and make the most of the Amazon Sale 2023.
Learn with ETMarkets: How to exploit inflation beating abilities of gold, Silver ETFs?
Gold and Silver Exchange-Traded Funds (ETFs) provide a convenient and effective strategy for investors to protect their wealth during inflation. Unlike physical bullion, ETFs allow investors to own a share of a larger pool of gold or silver held by the fund, simplifying the investment process. ETFs also offer diversification and risk mitigation by holding a diversified portfolio of precious metals. They are highly liquid investments, easily tradable on stock exchanges, and provide transparency in terms of holdings and performance.
Siddhanta Gogoi crowned 61kg junior Asian champion; Gyaneshwari, Koyel win silver medals
The 19-year-old Siddhanta, who had upstaged senior Shubham Todkar earlier this month at the Commonwealth Championships, lifted 265kg (116kg+149kg) to give hosts India their first gold medal of the ongoing edition.
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