22k jewelers

Chennai, April 1-In Tamil Nadu, the price of ornamental gold sovereigns was sold at an unprecedented Rs. 67,400 yesterday. In the last three months alone, the price has increased by Rs. 10,200. Gold price will gold prices rise in india Due to international conditions, the price of gold in our country continues to increase. In Tamil Nadu, last Saturday, 22-carat ornamental gold was sold at Rs. 8360 per gram. Sovereigns were sold at Rs. 66,880. Silver was sold at Rs. 113 per gram. Yesterday, the price of gold rose by Rs. 65 per gram and was sold at Rs. 8425. Sovereigns were sold at Rs. 520. There was no change in the price of silver. In this regard, Chennai Gold and Diamond Jewelers Association President Jayantilal Chalani said, Additional duties have been imposed on goods imported from China and India to the US from April. This will come into effect from April 2. While the US has been causing many problems for Iran, Iran announced last week that it has nuclear weapons. It a...

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 ...

 Gold imports in February fall to 20-year low as prices rise, sales also decline   Gold import India is the world's second-largest buyer of gold after China. Mumbai: Due to continuous price hikes, the country's gold imports have seen a 20-year low in February, government data has revealed. Compared to the same period last year, gold imports have fallen by 85 percent. Due to various unusual circumstances, including the US presidential election results, investment in gold in the international market has increased and gold prices have continued to reach new highs. In this context, gold imports have decreased compared to usual in February. Officials said: Banks and traders have imported very little gold. Imports in February have fallen to almost 15 metric tons. This is the lowest import volume in the last 20 years. In February 2024, 103 metric tons of gold were imported. In the last decade, India's average gold imports in February were recorded at 76.5 tons.

 New Delhi: The central government is planning to launch a 'Grameen Credit Score' system within six months to increase credit to farmers, self-employed persons and self-help groups, according to reports. 'Grameen Credit Score   What are the objectives of Grameen model? The government is working with public sector banks and the Indian Banks' Association (IBA) to develop a framework for this.   Similar to the model for MSMEs, rural borrowers are said to be assessed on the basis of digital transaction data, government subsidy receipts and UPI functionality.    This data-driven rating system will help banks tailor loans to rural areas. This will make it easier for entrepreneurs and small businesses to get loans. Industry experts say that this initiative will significantly increase the provision of loans to self-help groups based on the rating. The creditworthiness of rural borrowers will be assessed based on digital transaction data, government subsidy receipts a...

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...

 Beijing: 1 million kilograms of gold particles worth 7 lakh crore rupees have been discovered in the Wangu gold mine in Pingjiang, Hunan province of China. Gold mine china How much is China gold net worth The Geological Survey of Hunan Province, China , our neighbor, discovered a large amount of gold in more than 40 places at a depth of 6,500 feet underground in the Wangu gold mine. It was estimated that up to 300,000 kg of gold could be found here.   Using modern technology, a mine up to 10,000 feet deep has found gold particles larger than expected.   The amount of gold identified here is believed to be over 1 million kg. Its value is estimated to be over 7 lakh crore rupees.   It is said to be the largest gold mine discovered in recent history. Through this, Hunan Province has gained a very important place in the global gold mining market. The 'South Deep' mine in South Africa is estimated to contain 900,000 kg of gold. It has been named the world's largest gold ...

New Delhi: Fruits and vegetables grown in India have now reached the markets of 123 countries. Exports have increased by an all-time high of 47.30 percent. Fruits and vegetables   What are the most exported fruits and vegetables from India The Union Commerce Ministry has said that exports of vegetables and fruits have reached a new high in terms of weight from 2019 to 2023. This is attributed to various assistance from the Agriculture and Processed Foods Export Development Authority (APEDA). This organization provides financial assistance to traders and exporters for processing and exporting fruits and vegetables. With the increasing demand for Indian fruits and vegetables in the global market, exports have increased significantly in the last four years. With the financial assistance of A.P.E.D.A., a world-class export infrastructure has been established. Modern grading and packing centers have been set up. As a result, Indian fruits and vegetables have quickly reached 17 new mark...

New Delhi: Union Electronics and Information Technology Minister Ashwini Vaishnaw said that the Indian electronics manufacturing sector will double to more than Rs 17.20 lakh crore in the next 3 to 4 years due to the reforms announced in the Budget. Technology Minister Ashwini Vaishnaw Which industry is growing faster The budget also allocates an additional Rs 2,000 crore for Indian AI technology . Based on this, the government aims to set up 20 AI high-tech observatories at the central level and 80 AI labs in various educational institutions across the country in the next financial year.   The electronics sector currently employs 25 lakh people. This is likely to increase fourfold in the next four years. The successes of electronics manufacturing can be used as a model for any sector. With the reforms announced in the Budget, the Indian electronics manufacturing sector is set to double to over Rs 17.20 lakh crore in the next 3-4 years. he said.