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Chennai, Feb. 18- 'Citco' has started technical consultancy work through RDX Architech to set up a jewellery industrial park in Coimbatore at a cost of Rs 126 crore to benefit gold jewellery manufacturing companies. Jewellery industrial park coimbatore Which proposed it park in Coimbatore? Gold jewellery manufactured in Coimbatore is exported to many countries. In Coimbatore district, a large number of companies are involved in gold jewellery manufacturing. Accordingly, more than 1 lakh people have got jobs through more than 25,000 jewellery workshops.  Jewellery industries in Coimbatore are struggling due to lack of adequate infrastructure facilities including security. Accepting their demand, Chief Minister Stalin ordered the setting up of a jewellery industrial park in the district at a cost of Rs 126 crore. Following this, 'Citco' has decided to set up a jewellery industrial park on 3.41 3.4 acres in Kurichi Industrial Estate. The work of providing technical advice ...

 As the value of gold reaches its peak, here's a look at the strategies investors should follow Invest in gold   Is it the right time to buy gold in India Last year, the price of gold was on the rise due to factors including the international environment. In the meantime, the rise in gold continues this year. Last year, gold is considered to have yielded 27 percent. Continuing this trend, it rose by 7 percent on a monthly basis in January. Although the rise in the price of gold jewelry worries people, gold is attractive for investment purposes. In this context, the approach that investors should follow regarding gold becomes important. Is it a good idea to invest in gold right now Gold is generally considered a hedge against risks including inflation and international crises. In the current environment, the uncertainty of economic and international geopolitics is considered to be the reason for the rise in the price of gold. The aggressive policies being pursued by US Presid...

The value of a country’s currency is determined by the strength of its economy and its connection to the rest of the world through trade. However, not all countries can maintain their currency values ​​at the same level.   Weakest currency Top 10 cheapest currency in the world Some countries face the impact of weak economic conditions, political turmoil, and global pressures. Recently, Forbes magazine released a list of the world’s weakest currencies. Here are the countries that made it to the list and the reasons behind it.   1 .The rial of the West Asian country of Iran is currently ranked as the world’s weakest currency. Due to political and economic turmoil in Iran, the value of the Iranian rial has declined significantly over the years, starting with the Islamic Revolution in 1978-79.   2 .The Vietnamese dong, a Southeast Asian country, has long been a weak currency. This is largely due to Vietnam’s transition from a state-controlled economy to a m...

New Delhi: The Reserve Bank of India has announced that those who apply for early redemption of the ninth tranche of gold bond accounts issued in the financial year 2019-20 will be given Rs 8,499 per unit.   SGB gold bond What is the return of SGB after 8 years? The central government, as part of its efforts to reduce gold imports, announced the Gold Savings Bond Scheme in November 2015. Under this scheme, gold can be stored in the form of a document. One unit of gold is given as 1 gram. The investment will mature in full in eight years from the date of issue of the gold bonds. However, early withdrawal of the investment will be allowed only after five years. Accordingly, bonds issued on February 11, 2020, can be redeemed before maturity from yesterday. The Reserve Bank has announced that those who have applied for such redemption will be given Rs 8,499 per gram of gold. The Reserve Bank has stated that this price has been determined based on the average price of 24-carat gold on...

 New Delhi: Interest rates on small savings schemes are likely to be reduced for the upcoming April-June quarter, according to central government sources. If that happens, it will be the first time in five years that interest rates have been cut.   Interest rate Will interest rates go down in 2025 in India? After the Reserve Bank of India (RBI) reduced the repo rate for short-term loans to banks from 6.50 percent to 6.25 percent, banks are likely to reduce interest rates on deposits. In this context, it is said that the interest rate on small savings schemes is also likely to be reduced.   The interest rates for these are fixed in line with the interest rates on central government bonds with similar maturities as small savings schemes. This is fixed by the Union Finance Ministry once a quarter.   The interest rates for the upcoming April-June quarter will be announced by the end of March. The interest rates for the current January-March quarter were ann...