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Gold blackened by lockdown; Sales fell 42%, the lowest since 1994 | लॉकडाऊनमुळे सोने काळवंडले; विक्रीत झाली 42% घट, 1994 नंतर प्रथमच सर्वात कमी विक्री


Gold Blackened By Lockdown; Sales Fell 42%, The Lowest Since 1994
कोरोनाचे साइड इफेक्ट:लॉकडाऊनमुळे सोने काळवंडले; विक्रीत झाली 42% घट, 1994 नंतर प्रथमच सर्वात कमी विक्री
औरंगाबाद19 तासांपूर्वीलेखक: महेश जोशी
कॉपी लिंक
सराफा बाजाराला दिवाळीची प्रतीक्षा, बचतीकडे लोकांचा कल
लॉकडाऊनमुळे अनेकांनी नोकरी गमावली, अनेकांच्या पगारात कपात झाली. सणांवरही निर्बंध आलेे. मर्यादित उपस्थितीत विवाह सोहळ्यांना मात्र परवानगी आ ....

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SEBI unveils roadmap for bullion trading - The Hindu BusinessLine


SEBI unveils roadmap for bullion trading
May 17, 2021
Proposes Electronic Gold Receipts to bring in transparency
Indian investors will soon see a new class of security known as Electronic Gold Receipts (EGR) that will be available for trading on the stock exchanges. Like shares, these EGRs will be held in demat form and can be converted into physical gold when needed. This is part of SEBI’s plan to allow trading of spot gold on the exchange platforms.
India is one of the world’s largest consumers of gold with annual demand of around 900-1,000 tonnes. But the purchase of spot gold is only on over-the-counter market as of now. In this year’s Budget, the Finance Minister had designated SEBI as a regulator for spot exchanges. The National Stock Exchange, BSE, the Multi Commodity Exchange and National Commodity & Derivatives Exchange are expected to be given permission initially to trade EGRs. ....

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'Lockdowns to dent gold sales on Akshaya Tritiya'


‘Lockdowns to dent gold sales on Akshaya Tritiya’
Updated:
Updated:
Dealers pin hopes on digital demand
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Gold buying on
Akshaya Tritiya this year may be muted as stores remain closed following lockdowns in 19-20 cities, according to dealers.
However, demand for digital gold and Gold ETFs is likely to witness a rise, they say.
“Consumer demand, as compared with the previous years, has taken a hit as stores are either closed or are operating only for few hours because of the lockdowns,” said Suvankar Sen, CEO, Senco Gold and Diamonds. “We have started seeing online sales to an extent because of ....

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