After subdued gold demand in last six months, jewellery and coin sales sparkled on Dhanteras today, with sales seen to grow by up to 25 percent on higher demand in view of good monsoon and favourable price levels.
From a purely investment point of view several gold schemes offer better alternative than buying gold
As far as possible stick to reputable jewellers and don't mind paying a little extra
State-run trading firm MMTC has tied up with seven banks, including ICICI and HDFC Bank, to sell government minted 'Indian Gold Coin' in order to cash in on the Dhanteras buying rush.
The government must be lauded for promoting the idea of paper gold
Gold could give an opportunity once again to position on self on the long side, as our households have always done without listening to analysts like us, and have always been proved right by investing systematically for different festivals and occasions
The inextricable relationship between Dhanteras and gold is natural. After all, few things symbolize affluence like gold does.
Leading stock exchange BSE has decided to extend the trading session for Gold Exchange Traded Funds and Sovereign Gold Bond on October 28 till 1900 hrs on Dhanteras, a festival celebrated two days before Diwali.
Indians bought a third less gold than last year during the annual Hindu and Jain holy festival of Akshaya Tritiya on Monday, industry officials estimate, as droughts have hit the earnings of millions of farmers and the metal's price rallied.
The rupee has fallen over 5 percent this year, restricting the drop in local gold prices to 5.5 percent, compared with a 9.3 percent drop in US dollar denominated gold.
The scheme would allow people to put their gold into banks in return for interest payments in an attempt to mobilise thousands of tonnes of the metal sitting idle in Indian households
Gold sales in India during the festivals of Diwali and Dhanteras celebrated this week rose by about a fifth, a senior official at the country's biggest gold trade group said on Friday.<br />
A survey by the Bureau of Indian Standards held across 16 cities found that 90.10 percent of 162 gold samples failed purity tests. More shocking fact is that the highest purity shortage was 44.6%.Here are a few tips that may help you buy real gold.
Demand in top buyers China and India fell about 50 percent and 40 percent respectively in the second quarter from a year before, according to a World Gold Council report this week.
"People have purchased broom in large quantity to clean the muck coming from outside as well inside the state," Kumar said.
Gold prices are ruling at Rs 31,400 per 10 grams in the national capital, lower than Rs 32,485 on the last Dhanteras.<br /><br />
Here are 13 things I learnt today.