Poging GOUD - Vrij
Runaway gold brings back buyers, record Diwali sales likely this year
Mint Hyderabad
|October 08, 2025
year’s Diwali may set a new record in sales, an industry expert said, while another cautioned that this may not be the best time to buy gold as an investment.
-
Gold has risen 56% in the calender year so far.
(REUTERS)
“FOMO has gripped buyers, who were anticipating a correction since the price topped ₹1 lakh (on 21 August),” said Surendra Mehta, national secretary of India Bullion and Jewellers Association. “After subdued demand, we are getting reports of heavy footfalls at jewellery outlets over the past three days for jewellery and bar and coin purchases.” Based on footfall reports from trade for the festive season, Mehta estimates a record 45 tonnes of gold to be sold this Diwali (18-23 October).
Dit verhaal komt uit de October 08, 2025-editie van Mint Hyderabad.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Mint Hyderabad
Mint Hyderabad
ONGC backs rupee bond after 15 years
State-run Oil and Natural Gas Corp (ONGC) has provided its first guarantee in 15 years for a rupee-denominated bond, likely to be issued by a subsidiary this quarter, three sources aware of the matter said on Thursday.
1 min
October 10, 2025
Mint Hyderabad
Silver ETFs soar on festive demand, supply crunch
\"In the past three to four weeks, we have seen a surge in silver demand,\" said Vikram Dhawan, head of commodities and fund manager at Nippon India Mutual Fund, which runs the largest gold and silver ETFs in the country.
2 mins
October 10, 2025
Mint Hyderabad
The dollar is far from dead and the yuan is not staging a coup
Greenback doomsayers got it wrong. The dollar's reign is not over
3 mins
October 10, 2025
Mint Hyderabad
Akasa co-founder Khatri exits after ₹1,200 cr funding
Ex-IAF officer's departure is the first from the founding team since the carrier's 2022 launch.
1 mins
October 10, 2025
Mint Hyderabad
Andreessen Horowitz to open office in Bengaluru
Andreessen Horowitz, one of the world's biggest venture capital funds, is setting up an office in Bengaluru, multiple people familiar with the development said.
1 min
October 10, 2025
Mint Hyderabad
An AI bubble mustn’t distract us from the AI revolution
Every major technological boom attracts sceptics. Today, that chorus is growing louder around artificial intelligence (AI).
3 mins
October 10, 2025
Mint Hyderabad
Tax residency depends on your travel pattern and primary base
I am a salaried individual employed by an Indian company that allows me to work remotely. I get paid in India. My spouse lives abroad, so I frequently travel outside the country. Over the last two years, I have spent at least three months each year in India.
2 mins
October 10, 2025
Mint Hyderabad
Nestlé looks beyond Maggi, bets on India petcare boom
Nestlé SA sees India as a potential top-three global petcare market after the US and China
2 mins
October 10, 2025
Mint Hyderabad
LG India's $1.3 billion IPO subscribed 54x
LG Electronics Inc.'s $1.3 billion initial public offering (IPO) of its Indian unit was subscribed 54 times on the final day of book building, making it India's second most heavily bid billion-dollar-plus issue.
1 min
October 10, 2025
Mint Hyderabad
Celebrating the snake in jewellery and art
An exhibition in Mumbai reiterates the power of the serpent motif in ornamentation and shines a light on Jaipur's wealth of gemstones
2 mins
October 10, 2025
Listen
Translate
Change font size