As gold prices have seen a record high jump, it may have badly impacted jewellery demand but retail investors have restored faith in yellow metal and invested via Mutual Funds. Instead of buying physical gold in the form jewellery, investors are flocking to mutual funds’ route. Another push for investors is the high returns on [...]

Keen to prop up faltering gold sales in India, various leading jewellery retailers have come with lucrative schemes to tempt customers with regular small purchases. This way, customers will be able to get complete protection from metal’s price fluctuations. The gold prices in India have skyrocketed by $400 per ounce between July and August, resulting [...]

Financial service firm Reliance Commercial Finance (RCF) has started to offer loans against gold units, held in the paper form. The minimum amount offered under this initiative would be Rs 1lakh and the maximum amount would be Rs 1 crore. Loan can be paid in easy repayment options within 6-12 months. According to Mr K.V. [...]

Birla Sun Life Asset Management Company (BSLAMC) has declared the launching of Gold ETF, an open ended gold exchange traded fund. The subscription will lasts till 09th May, 2011. Mr. A Balasubramanian, CEO of BSLAMC, “The new product offers multiple benefits to such investors who are interested to diversify their portfolio by investing in gold. [...]

Toeing the competition with Reliance Mutual Funds, Kotak Mahindra Asset Management Company has decided to launch a fund-of-fund named ‘Kotak Gold Fund’. It is an open ended scheme which will offer a free exposure to gold. A person do not require to have a demat account and along with this, Kotak AMC will also facilitate [...]

With their successful launching of India’s first systematic investment plan (SIP) in Reliance Gold Savings Fund, Reliance Mutual Fund, India’s largest fund house,  is aimed towards helping investors in accumulating yellow metal in small quantity on a regular basis. It is the first SIP in gold, which is introduced in the domestic mutual fund industry. [...]

Gold prices dropped recently due to profit booking by traders and stockist at higher levels. Another reason for the drop in gold prices was the sharp slide in global markets. Silver prices too dropped considerably with heavy stockist selling coupled with reduced demand from industrial users. According to the sources gold has been witnessing a [...]

Recently gold prices have risen internationally. This change is after few European nations faced gold scarcity. Investors ceasing the opportunity and becoming risk averse reduced their investments in most asset classes, hedging portfolios by buying gold. Prices went up nearly $130 in just a month and are currently at all-time highs. During the weekend, when [...]

Shriram City Union Finance, a Chennai-based non-banking finance company, has decided to open branches to sell gold loans across India. The company has taken the decision after seeing a good business opportunity in gold lending segment. “The awareness about gold loans is increasing and it will be an important means of lending in the coming [...]

High prices have not prevented domestic investors from buying gold. The demand is high for pure gold, especially for gold bars and coins, as per jewellers and bullion dealers. This week, gold crossed $1,000 an ounce (31.13 gm) mark in the international market and Rs 16,000 per 10 gm level in Delhi. According to the [...]