In addition to that, gold buying is all set to get a further boost. The Reserve Bank of India is also selling a tranche of Sovereign Gold Bonds this week. These bonds are a part of the government borrowing programme. You get an additional 2.5% interest in addition to the return linked to the market price of gold.
When you buy gold, it is not an investment. It is your capital protection plan. There is a tendency in Indian households to hoard gold. Usually, all the gold is held in the form of jewellery, gold coins or bars. You need to evaluate the amount of gold you hoard. Yes, it is an excellent way to protect your wealth. But, is it a good investment? It is not if you do not manage it actively, according to the latest RBI monthly bulletin.
Bu hikaye The Morning Standard dergisinin October 25, 2021 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Morning Standard dergisinin October 25, 2021 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
Poland Garros: World No 1 Swiatek continues love affair with clay
RATHER poetic, isn't it? The year when one clay God may have disappeared forever, another one has probably assumed the top step on the podium.
MUCH ADO ABOUT NOTHING
FRESH from its electoral 'success' in the recently concluded parliamentary elections, Congress leader Rahul Gandhi launched an attack on the BJP and its leaders for facilitating 'manipulation' of the stock market in the run-up to the election results day.
India-Pakistan tie reaches high pitch
Even as the two teams prepare for marquee clash, a lot rides on the key contest for the tournament as well
Money Matters
Actor Piyush Mishra, who reprises his role in the third season of web series Illegal, on why he chose films over theatre
EXIT POLLS WILL BE IN THE DOG HOUSE FOR SOME TIME TO COME
NEARLY two decades ago, when the Hindustan Times was first launched in Mumbai, one of the cutting edge offerings it gave city readers was opinion polls in quick time ranging from subjects like: 'Is the Brihanmumbai Municipal Corporation (BMC) to blame for the water shortage?' to 'Should Bollywood stars enter politics?\" The 'vendor' who did the phone interviews and crunched the numbers for HT was 'C-Voter'.
Apart from leading Asia, India to host major WB events?
THE World Boxing (WB) had 'positive and fruitful' meetings during the World Olympic Qualifiers in Bangkok last week.
Tax on hybrids should be merit-based: Toyota Motor
AMID growing popularity of hybrid vehicles in India, Toyota Kirloskar Motor (TKM) said the final call taken by the GST Council regarding tax relief on hybrid cars should be \"meritbased\" rather than the current system where taxes on fourwheelers are determined by body and engine size.
Four hostages rescued alive after 246 days
The 'complex daytime operation' in Nuseirat town billed as largest recovery mission since war began on Oct 7
Harry Potter brings magical boost to UK tourism
SAM Thorne guides Harry Potter fans through the gothic streets of Edinburgh, where controversial author JK Rowling dreamt up the boy wizard more than three decades ago.
Biden in Paris as US, France try to move past trade tensions
US President Joe Biden is being feted by French President Emmanuel Macron with a state visit on Saturday as the two allies aim to show off their partnership on global security issues and move past trade tensions.