The investment scenario in India is changing. Recent surveys have noted the evolving financial behaviors of the 12-28 age group, known as Gen Z, as well as Millennials. A survey, The Fin One: Young Indians’ Saving Habits Outlook 2024, compiled in collaboration with Nielsen, revealed that 93% of young adults consistently save money, with many setting … Read more
It is not clear whether the Reserve Bank of India will issue Sovereign Gold Bonds again. In this scenario, which gold bonds, gold ETFs should I invest in to get similar returns? Name withheld on request Reply by Prithviraj Kothari, Managing Director of RiddiSiddhi Bullions Limited (RSBL) In India, Sovereign Gold Bonds (SGBs) have gained significant popularity among … Read more
Sovereign Gold Bonds (SGBs): The Reserve Bank of India has announced the dates for premature redemption of Sovereign Gold Bonds issued between May 2017 and May 2020. The central bank is planning to redeem 30 SGBs from October 11 and February 7, 2025. The redemption price will be announced by the Reserve Bank of India … Read more
Today is Akshaya Tritiya or Akha Teej, which is one of the many auspicious days for buying valuable assets, such as gold, diamonds, vehicles, and others. The festival, just like Dhanteras during Diwali, is said to bring in good luck, success and prosperity if investments are made in certain assets. Buying gold on Akshaya Tritiya … Read more
There is no doubt that investment in gold has never faded away despite the good performance of other asset classes. Since February, gold has demonstrated a remarkable yield of approximately 17 per cent. Correspondingly, the commodity’s value has reached unprecedented levels daily in both domestic and global markets, despite an ascent in US Treasury yields. … Read more
In May, Sebi had issued a consultation paper on the proposed exchange for trading in digital gold, and final regulations should be published soon. Synopsis The Securities and Exchange Board of India (Sebi) plans to regulate online trades in digital gold now sold by various fintech firms and brokerages, two people with direct knowledge of … Read more
The National Stock Exchange (NSE) has instructed all members, including stockbrokers and wealth managers, to wind down the sale of digital gold on their platforms by September 10. This came after capital markets regulator, the Securities and Exchange Board of India (Sebi), flagged such sales as a breach of the Securities Contracts (Regulation) Rules (SCRR), … Read more