22k jewelers

New Delhi, March 31-More than the 'top 10' central banks The relationship between gold and India has reached new heights. Gold savings Indian households hold 25,000 tonnes of gold According to a study by HSBC, Indian households hold more gold than the 'top 10' central banks with the world's largest gold reserves. Household gold reserves stand at 25,000 tonnes. This is more than the central banks of 10 countries - the US, Germany, Italy, France, Russia, China, Switzerland, India, Japan and Turkey. As of December 2024. Central Bank Reserves (in tonnes) United States [8,133] Germany [3,300] Italy [2,452] France [2,437] Russia [2,332] China [2,280] Switzerland [1,040] India [876] Japan [846] Turkey [615] Total [24,311] Of these, the US Federal Reserve has the highest gold reserves of 8,133 tonnes. The German Federal Reserve is next with 3,300 tonnes. As of last December, the Reserve Bank of India's gold reserves stood at 876.18 tonnes. Due to geopoliti...

New Delhi: The central government has announced that it will stop the gold investment scheme, which allows people to deposit gold in banks and earn interest, from yesterday. gold What is the recurring gold deposit scheme? The central government launched the Gold Investment Scheme on September 15, 2015, to reduce gold imports and to collect gold from the public and companies and use it for the country's development projects. This scheme was implemented with the aim of reducing gold imports as the government releases the gold deposited in this scheme back into the market. Under the Gold Investment Scheme, customers can deposit their gold in banks and earn interest on it. Not only gold jewellery, but also gold coins and gold bars can be deposited. A minimum of 10 grams of gold must be deposited. There is no upper limit. The scheme is implemented in three ways: short-term from one to three years; medium-term from five to seven years; and long-term from 12 to 15 years. The Union Fina...

New Delhi, March 19-Congress MP from Tamil Nadu, Manickam Thakur, has moved an adjournment motion in the Lok Sabha against the changes made in the rules for gold jewellery loans. Gold loan Amendment in gold jewellery loan rules In a letter to Speaker Om Birla, he said, According to the new rules, customers will have to repay the entire principal amount along with interest at the end of the loan tenure, and after doing so, they can pledge their jewellery for a new loan or renew the loan the very next day. This is likely to cause difficulties especially for customers who are already in financial difficulty, as under the existing rules, they were allowed to repay only the interest during the loan tenure. At the end of the loan tenure, when they were unable to repay the entire principal amount, they were renewing their loan accounts. The current new rule is causing more suffering to the borrowers. To such a question, the Finance Minister had replied on the 10th: To protect len...

 Mumbai: The Reserve Bank of India (RBI) has said that the financial position of IndusInd Bank is strong and customers should not worry about their savings. IndusInd Bank's   The Reserve Bank of India (RBI) has issued a statement to clarify the situation. It reads as follows: A few days ago, IndusInd Bank informed the stock exchanges that discrepancies were observed in the bank's forward business portfolio when the RBI guidelines on investment classification were implemented. Following this, questions were raised about the bank's financial position and customer savings. The capital and financial position of IndusInd Bank is strong. The bank's capital adequacy ratio as on December 31 last year was 16.46 per cent. The PCR ratio, which is used to deal with the burden of bad loans, is also higher than the 70 per cent set by the RBI. The cash balance ratio, which should be 100 per cent, is 113 per cent as on March 9, which is higher than the requirement. Therefore, custome...

 New Delhi, March 15- Gold prices are soaring at a rapid pace, with demand falling, discounts are being offered,    Gold price What is the main reason for gold prices to increase? As gold prices in India have reached an all-time high, demand is falling. To compensate for this, gold importers are offering traders a discount of up to $39 per ounce, or Rs 3,400, the highest in eight months. The risk of a global trade war has increased due to US President Trump's tax policy. As a result, investors are increasing their investment in gold globally, and the price of gold is touching a new high. Due to the rise in prices, customers are reluctant to buy gold and are waiting for the price to fall. As a result, the gold trade has stagnated and the demand for jewelry has decreased significantly. Similarly, jewelers are also reluctant to buy gold . India's gold bullion imports fell by 85 percent in February, the lowest in 20 years. Yesterday, the price of a sovereign increased by Rs...

New Delhi: Stock brokerage firm Zerodha's 'Zerodha Fund House' has launched a silver ETF scheme.    silver ETF Is silver ETF safe It has been informed that this fund will work according to the price of silver in the domestic market. Applications can be made for this scheme till the 18th. The minimum application limit has been set at Rs 1,000. It has been informed that silver has the potential to play an important role in investment and modern industry, and this ETF will provide a way to utilize its preciousness. Is it suitable to invest in dividend funds? An analysis of the benefits and limitations of dividend funds , which are one of the types of equity funds. There are many types of funds when it comes to mutual fund investment. Each type of fund has its own unique features, advantages and disadvantages. Therefore, investors need to choose the right funds for themselves. In that regard, it is good to know the nature and advantages and disadvantages of dividend funds. Le...

 Mumbai, March 10- In the last five years after the Corona pandemic, the Reserve Bank of India has increased its gold reserves by 244 tonnes.   Gold reserves What is the rank of first in gold reserves country China is the top buyer of gold in the world, while India is second, according to data from the World Gold Council. Following Russia's military operation in Ukraine, central banks of many countries have changed their economic policies accordingly. However, China and India have been increasing their gold reserves more consistently than any other central bank. In the five years from 2020 to 2024, the Reserve Bank of India has increased its gold reserves by 244 tonnes. During the same period, China has increased its reserves by 336 tonnes. In particular, the BRICS countries of Brazil, Russia, India, China and South Africa alone have increased their gold reserves by 700 tonnes in the last five years. Of this, India holds one-third. Experts say that the Reserve Bank of India i...

 New Delhi: India ranks fourth among the countries with the highest net worth individuals in the world, with 85,698 people, according to a report released, Rich people wealth advisory firm Knight Frank. Those in this category must have a cash balance of one million dollars, or 8.60 crore rupees in Indian currency, in immediate cash. The United States continues to lead in creating the richest people. Of the total rich people in the world, 40 percent are in the United States; 20 percent in China; and 5 percent in Japan. The number of rich people is increasing due to the growing number of startups in India. Last year alone, the number of rich people in India grew by 12 percent. While only 7 rich people were created in 2017, 26 new rich people were created last year.  Services sector growth increases in February New Delhi: The country's services sector grew significantly in February on the back of strong new orders, according to the HSBC PMI report.   The services sector, ...

Is it advisable to use a credit card to buy gold jewelry, For Indian families, buying gold jewelry is both an emotional and economic affair. The price of gold. In the meantime, buying jewelry for investment purposes is gaining importance. Credit card use jewellery purchase Many people buy gold jewelry through credit cards. Using a credit card to buy jewelry is easy and is considered to have various advantages. However, it is important to know the advantages and disadvantages of using a card to buy gold jewelry. Simple convenience: Buying jewelry through a credit card is convenient. Moreover, you can get additional benefits like cashback and reward points in this regard. Some banks also offer special offers in collaboration with jewelry companies. These features can be advantageous. Caution required: However, before buying jewelry through a card A caution is required. The appropriate amount must be paid within the interest-free period. Otherwise, the interest rate on the card usage ...