With Dhanteras around the corner, the age-old tradition of buying gold is on everyone’s mind. But here’s a twist: instead of gold jewelry, more and more Indian investors are opting for Gold ETFs. And the numbers show why! What’s Behind the Gold ETF Boom? In 2024, Gold ETFs have seen a surge in demand, driven …
Dhanteras, or Dhantrayodashi 2024, is celebrated 2 days before Diwali, marking the start of the 5-day Diwali festivities. It’s a day when devotees worship Lord Kuber – the God of Wealth, Lord Dhanvantari – the God of Ayurveda and Health, and Goddess Lakshmi – the Goddess of Prosperity. This day is considered highly auspicious for …
Gold prices fluctuated between gains and losses in the domestic futures market on October 23, 2024 morning, due to a stronger US dollar and rising bond yields. Despite this, MCX Gold for December 5 expiry delivery reached a new record high of ₹78,755 per 10 grams, trading at that level around 10:10 am. Uncertainty around …
Gold and silver prices have reached new heights, driven by a confluence of global events, economic uncertainty, and heightened investor demand. In India, gold prices touched a historic peak of ₹80,650 per 10 grams on Monday (October 21), while silver surpassed ₹99,000 per kg in the national capital. This unprecedented surge has prompted investors to …
Digital gold means owning gold in a digital format instead of having physical bars or coins. You can manage it on your phone or computer and buy or sell it using apps or platforms from banks or tech companies. You can even purchase small amounts of gold, making it accessible to everyone. Just be sure …
Dhanteras is a highly auspicious Hindu festival that marks the beginning of the Diwali celebrations. It falls on the 13th lunar day of Krishna Paksha in the month of Ashwin, and in 2024, it will be celebrated on Tuesday, October 29. The name ‘Dhanteras’ is derived from two Sanskrit words—’Dhan’ meaning wealth and ‘Teras’ referring …
The Bombay Stock Exchange (BSE) has launched World Investor Week (WIW) 2024, a global initiative aimed at enhancing financial literacy and promoting responsible investing practices. The event, which runs from October 14 to 20, 2024, is being observed in India under the leadership of the Securities and Exchange Board of India (SEBI) and other Market …
The recent changes to the National Pension Scheme (NPS) bring positive news for central government retirees. Let’s explore the new changes in detail, which include an increased government contribution, leading to a bigger pension and a more secure post-retirement life. The New NPS Rules In the Union Budget 2024-25, Finance Minister Nirmala Sitharaman introduced important …
The festive season is a time of joy, celebration, and indulgence. With Diwali, Christmas, and Eid just around the corner, many companies across India offer festive bonuses to their employees as a reward for their hard work. This extra income can set you up for long-term financial success if managed wisely. While it’s tempting to …
Dussehra, the festival that symbolises the triumph of good over evil, is a powerful reminder of the importance of eliminating the negative forces in our lives. As Ravana’s statue burns, it marks the end of evil, and similarly, we can symbolically burn away our financial vices. This Dussehra, it’s time to confront your financial demons, …
