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