Gold prices rose 0.5% to Rs 75,402 on September 26: MCX Data
Gold has been trading 19.49%, higher compared to the start of the year
New rules for NSS, PPF, credit cards, insurance, share buyback tax structure and other financial changes that you must watch out for in October
Several new financial rules will come into force from October 1. They include tax dispute resolution scheme, share buyback tax, HDFC Bank’s restrictions on its high-end Infinia credit card reward pointss, small saving account rules, and revised norms for existing insurance products, among others.
Five factors driving gold to record highs
In the Indian market, gold recently traded at a peak of Rs 77,440 per 10 grams, while in the US, Comex gold hit a high of $2,694.90 per ounce on Wednesday night
Gold closed 0.72% higher on September 25 at Rs 75,029: MCX Data
Gold has been trading 18.90%, higher compared to the start of the year
Gold prices ended 0.46% above at Rs 74,492 on September 24: MCX Data
From last year, prices have climbed 26.45 percent, according to Moneycontrol analysis
Gold holds ground on dovish Fed-speak, Middle East concerns
Zero-yield bullion tends to be a preferred investment in a low interest rate environment and during geopolitical turmoil.
Gold prices closed 0.59% up at highest level of Rs 74,152 on September 23: MCX data
Gold prices have witnessed 17.51 percent increase since the start of 2024
US rate cut, geopolitical woes lift gold to record high
Spot gold was up 0.2% to $2,628.25 per ounce as of 0524 GMT, after hitting a record high of $2,630.93 earlier in the session. Non-yielding gold is up over 27% so far this year, heading for its biggest annual rise since 2010
Gold prices rose 0.59% to Rs 73,715 on September 20, 2024: MCX Data
Gold has been trading 16.82%, higher compared to the start of the year
Gold breaks $2,600 barrier as Fed cut bets prolong historic run
Spot gold was up 1.3% at $2,620.26 per ounce by 11:55 a.m. ET (1555 GMT), while U.S. gold futures rose 1.2% to $2,645.90. Silver gained 1.4% to $31.21.
US Fed rate cut to spur more Indian corporates to tap offshore bond markets
Fed chairman Jerome Powell delivered the large 50 bps rate cut, driven by the increased confidence that the US' long battle with inflation had come to an end.
How much cash should you keep in your savings bank account?
Too much idle cash in your savings bank account limits your wealth creation. Use auto-sweep feature to park in fixed deposits. Else liquid and overnight mutual fund schemes offer better returns and just as much liquidity.
What should India’s fixed-income investors do after US Fed rate cut?
US Fed Interest Rate Cut: After more than four years, the US Fed has finally cut interest rates, raising hopes of a similar moved by the RBI. This is perhaps your last chance to invest in long-duration bonds to take advantage of the potential capital appreciation, as bond prices rise with falling yields
How to convert mutual fund units from physical to demat: A complete guide
Now you can convert your mutual fund units to online form through a demat account. If you have invested with NSDL, you can convert them using an online or offline option, while CDSL still requires an offline process.
Stocks and dollar gain as Fed charts 'soft landing' path
The U.S. dollar bounced back, and long-term bond yields surged after the Federal Reserve kicked off its easing cycle with a larger-than-expected rate cut. Asian stocks also saw gains, with Japan’s Nikkei jumping 2% and Australian shares hitting record highs.
Gold rises to record after US Fed makes first rate cut since 2020
Gold, which tends to benefit from lower rates, rose as much as 1.2% before erasing gains after Fed Chair Jerome Powell said in a press conference that no one should see this as a “new pace.”
NPS Vatsalya for children: Finance Minister Nirmala Sitharaman set to launch the scheme shortly; Know the features, benefits, eligibility and more
NPS Vatsalya is targeted at parents who want to secure their children’s financial future by creating a large corpus over the long-term. The scheme was first announced in Budget 2024. FM Sitharman will release the children-focussed investment instrument’s details today.
Will A Systematic Withdrawal Plan Really Make You Rich? | MC Explains
Curious if a Systematic Withdrawal Plan (SWP) can deliver the promised returns? We’re breaking down the numbers and assumptions behind those enticing claims of turning a Rs 25,000 monthly SIP into Rs 7 crore. Find out why the reality of SWPs might not be as straightforward as some videos suggest. Payal Tiwari Sharma of Moneycontrol explains the risks, necessary adjustments, and the best strategies to maximize your returns. Don’t fall for sensational claims—get the real story here!
Last date to invest in SBI's special FD is September 30: Should you hurry to invest now?
The deadline to invest in special FD schemes of SBI, IDBI and Indian Bank ends on September 30. These FDs are popular with risk-averse investors and senior citizens because of their higher interest rates.
How transition bonds fuel decarbonisation in high-emission sectors: MC explains
Transitioning to greener operations requires substantial capital investment. Prime Minister Narendra Modi has said that India will require at least $10 trillion by 2070 to achieve its net zero target.
Will the Systematic Withdrawal Plan give you fantastic returns?
Systematic withdrawal plan in a mutual fund scheme is used to redeem money every month to earn some sort of regular income. But it’s best done from a debt fund, instead of an equity fund.
Gold skyrockets as stars align for Fed rate cuts
The stars are aligned in favour of the gold and silver market bulls as the European Central Bank lowered its main interest rate this week, the Fed is likely to lower next week, and tame US inflation data, Jim Wyckoff, senior market analyst at Kitco Metals, said
Gold rallies to record high on US rate-cut optimism
Gold prices soared to an all-time high of $2,570.03 per ounce on Friday, driven by a weakening dollar and prospects of lower U.S. interest rates. Spot gold is up 3% for the week, while palladium has surged 15% over the same period.
Gold prices ended 0.22% lower at 71,543.00 on September 12, 2024: MCX
From last year, prices have climbed 22.24 percent, according to Moneycontrol analysis
