Every Dhanteras, gold remains a popular choice for Indian investors, despite high prices. Leading banks offer secure options, with certified gold coins available through trusted channels. However, the high premium and limitations on resale may make alternative investments, such as gold ETFs, digital gold, and sovereign gold bonds, more appealing for savvy investors looking for liquidity and flexibility.
Dhanteras, a key festival in India, marks the commencement of Diwali celebrations. It holds significant importance for gold investors, as it is considered an auspicious occasion to purchase precious metals. In recent years, the demand for gold during Dhanteras has been steadily growing.
While gold remains a popular choice, the high prices of the metal have pushed some investors towards alternative investment options. Leading banks offer secure options for gold investment, including certified gold coins and bars. However, the high premium and limitations on resale often make other forms of gold investment more appealing.
For savvy investors, alternative gold investment options offer liquidity and flexibility. These include:
Q1: Is it still wise to invest in gold during Dhanteras? A: Gold is considered an auspicious investment during Dhanteras, but investors should consider the current high prices and explore alternative options that offer liquidity and flexibility.
Q2: Where can I buy certified gold coins? A: Leading banks and trusted jewelers offer certified gold coins that are hallmarked and meet industry standards.
Q3: What are the alternatives to physical gold investment? A: Gold ETFs, digital gold, and Sovereign Gold Bonds (SGBs) provide alternative ways to invest in gold without the physical storage hassle.
Q4: How do Gold ETFs work? A: Gold ETFs track the price of physical gold and are traded on stock exchanges, offering liquidity and ease of investment.
Q5: What are the benefits of investing in SGBs? A: SGBs are government-backed bonds that are linked to the price of gold. They offer investors the security of a government-backed instrument, a hedge against inflation, and tax benefits.
Concord Control Systems, Elecon Engineering, and Welcure Drugs & Pharmaceuticals are among the companies to trade ex-date for corporate actions such as bonus issues, interim dividends, and stock splits. The ex-date is an important marker for investors, as those purchasing shares on or after this date will not be eligible for the announced benefits. Shareholders of these companies can expect to receive a bonus issue, interim dividend, and stock split in their portfolios, aiming to enhance shareholder value, reward investments, and improve stock liquidity.
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The Indian stock markets took a break on Wednesday in observance of Bali Pratipada, a day that holds cultural significance. The Asian markets, on the other hand, showed a mixed performance with Japan's Nikkei 225 declining, Singapore's Straits Times gaining, and Hong Kong's Hang Seng and Taiwan's Weighted Index decreasing. The previous day's Muhurat Trading session saw slight gains in Indian markets and top gainers included Cipla and Bajaj Finserv.
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Shoppers Stop, India's leading retail destination, hosted a star-studded event to launch their exclusive Diwali Collection in Pune. With famous actress Tejasswi Prakash gracing the event, the store was transformed into a festive paradise with vibrant displays and a plethora of premium brands and gifting options. Speaking about the collection, Shoppers Stop's CEO Kavindra Mishra emphasized their commitment to providing the best shopping experience for customers. Fans had the opportunity to meet Tejasswi and explore the collection, making the launch a truly memorable Diwali celebration for everyone.
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In this email, a reader expresses their frustration with the decline of dressing well in public settings. However, the writer also points out the undeniable advantages that come with dressing in a more formal and put-together manner, including better treatment from others and an increase in self-confidence. While many may argue that they have the right to dress as they please, societal norms and expectations still exist and can affect how one is perceived and treated. This highlights the power of appearance in various aspects of life, including business and success.
The Dhanteras festival proved to be a boon for Indian traders as consumers defied surging gold prices and spent an estimated Rs 1 lakh crore on the auspicious day. The Confederation of All India Traders (CAIT) reported a 25% increase in gold and silver sales, making up a significant portion of the total expenditure. Despite the economic slowdown, the tradition of purchasing gold and other items symbolising prosperity on Dhanteras remains strong, highlighting the cultural significance of the festival.