This virtual event, held on February 10 and 11, will have 36 speakers and 12 panel discussions, with participation from industry leaders and veteran wealth managers
Rahul Kalantri, VP Commodities, Mehta Equities expects gold and silver to remain volatile this week ahead of the Union Budget and the US Fed meeting outcome. "Gold has support at Rs 56,750-56,610, while resistance is at Rs 57,140, 57,280. Silver has support at Rs 67,850-67,320, while resistance is at Rs 68,950–69,480," he added.
The government is expected to announce a record gross borrowing of 16 trillion rupees ($196.28 billion) for 2023-24 when it presents the federal budget on Feb. 1, according to a Reuters poll of economists.
Spot gold was down 0.2% at $1,926.09 per ounce, as of 0944 GMT, but held a relatively tight range after retreating nearly 1% in the previous session following the U.S. data.
Financialisation of household savings can be speeded up in this Budget by rationalising capital gains tax, giving more tax sops to mutual funds, and incentivising distribution.
Manoj Kumar Jain, Prithvi Finmart Commodity Research, expects gold and silver to remain volatile ahead of the US PCE price index data to be released later in the day
Ahead of the budget, insurance companies also want finance minister Nirmala Sitharaman to accept their demand to exempt the principal component of annuities, or pension income from tax
The exemption allowed for long-term capital gains on equity investments need to be further enhanced to account for inflation, rising income levels and to encourage more investors into equity markets, say analysts
Spot gold was steady at $1,937.09 per ounce, as of 0249 GMT, after hitting its highest since late April 2022 on Tuesday. U.S. gold futures were up 0.2 percent at $1,940.00.
Shares of companies ranked below 500 are mostly under-researched and smallcap and microcap stocks. The lack of liquidity is more than made up by exceptional returns if the fund manager can correctly identify potential winners. Here are the most favourite holdings among active mutual fund managers
This is an investment world that will reward much greater selectivity and dynamic asset allocation
Manoj Kumar Jain, Prithvi Finmart Commodity Research suggests buying gold on dips around Rs 56800 with a stop loss of Rs 56650 for target of Rs 57100.
DSP World Gold Fund, which invests in an overseas mutual fund that buys shares of gold-mining companies, will now diversify into ETFs that invest in shares of gold miners. But that isn’t going to make the fund less risky.
Gold prices hit an all-time high. What is the forecast for gold in 2023? Catch Manisha Gupta live on Commodities.
Manoj Kumar Jain, Prithvi Finmart Commodity Research expects both precious metals to remain volatile in today’s session but gold is expected to hold its key support level of $1900 per troy ounce and continue to get support at lower levels.
Domestic gold futures rose to 57,099 rupees ($699.19) per 10 grams, up nearly 4% so far in 2023.
The issue of bonds maturing in April 2026 has a base size of 250 million rupees and a greenshoe to retain an oversubscription of 750 million rupees. The company will offer a coupon of 7.99% on the issue.
A cut in the import duty by the world’s second-biggest consumer could lift retail sales by making gold cheaper ahead of peak demand season and support global prices.
Globally, gold was trading 0.32 per cent lower at USD 1,938.60 per ounce in New York.
Prospects of a looming slowdown in the US, cooling inflation and labour market coupled with a Fed pivot are likely to continue bolstering gold prices, says Ravindra V Rao of Kotak Securities
For both retail individuals as well as HNIs, InvITs are fast becoming the vehicle of choice for investing in India’s infrastructure growth story. So it’s important to understand how your income will be taxed.
This was way lower than an inflow of Rs 4,814 crore seen in the segment during 2021 and Rs 6,657 crore in 2020, data with Association of Mutual Funds in India (Amfi) showed.
The company plans to increase its assets under management (AUM) to Rs 250-300 crore this year from the current Rs 100 crore.
In this edition of The Week on Dalal Street, CNBC Awaaz's Anuj Singhal shares his views on Q3 FY23 earnings, metal stocks, capital gains tax and what's holding bulls and bears ahead of the upcoming Union Budget 2023.