Gold

The income tax (I-T) department may make quoting of PAN in documents for sale and purchase of bullion or jewellery involving cash transfer of Rs 500,000 or more mandatory. PAN may also be required for cash payment of Rs 100,000 or more as life insurance premium, amid concerns that insurgents may be parking funds in high-value insurance policies. The department is also considering changes in the limits for cash payment for foreign travel. At present, the cap is Rs 25,00.. Full Article

We are all witness to the fact that silver has out smarted its senior- gold. Silver has now emerged as a necessary part of one’s portfolio. Given the present trend and future demand, silver will extinct faster than gold and silver prices are expected to rise sharper than that of gold. Full Article

Three thousand year old traditional colors of hoarding stores of wealth that are physical, portable and easily devisable are hard to break. This report is not a speculative figure or number guessing. It brings you the fundamental reasons behind the f Full Article

Gold is now coming to an end for coming into the grasp of retail Indians during marriage or festive season. As we all know that gold is floating at 17000 levels is very hard bet for buying at these levels. In the coming days we will find gold rising more high and one might find gold around 22000 in the next 5 years even being conservative. Full Article

Investment may be grouped under realty (house property), investment in bank deposits, Post office Small Saving Schemes, investment in Mutual Funds, investment in direct equity and debt securities, gold or bullion. The incomes from speculative nature of business are not included here as they are not investment. Full Article

The days of spot prices of gold differing from one city to another will soon be over. The launch of the Indian Bullion Market Association, which will represent the Indian bullion trade and industry, will ensure the country now has a uniform price of the yellow metal. The association, jointly promoted by National Spot Exchange [...] Full Article