News, Updates & Insights
Insights from RSBL
Pre-Budget Expectation 2013: Riddisiddhi Bullions Ltd
Due to this, the increase in duty on the actual price of gold is being passed on to the retail consumers by the jewellers. This may also lead to rise of illegal channels and malicious activities with respect to importing gold and related products like jewellery etc., in the country.
Duty hike unlikely to tame imports, say jewellers
The hike in customs duty on gold imports is unlikely to impact imports as jewellers expect customers to adjust to the rise in prices.
Gold gets the duty to cut the import bill
The government has hiked import duty on gold and platinum by 50%. The move, which is bound to push up prices of gold and platinum jewellery further, is aimed at curbing gold imports.Gold contributes the most to India’s import bill after oil, and has added to a widening of the current account deficit and the resultant pressure on the rupee.
Learn to earn from your gold holding
Aruna Nayak is keen on using the euphoria around gold and silver to her advantage. She has been purchasing gold in a staggered manner and is looking to earn from her investments. She wonders if depositing a part of her holdings in gold deposit schemes — that she has been reading about — would help.
Businessman files Rs 100 crore suit against bullion associat
The former president of the Bombay Bullion Association (BBA), Prithviraj Kothari, has filed a defamation suit against the body claiming damages of Rs 100 crore or an apology for "loss of reputation".
RSBL, Kothari file defamation case against BBA
This is in regards to recent developments between The Bombay Bullion Association (BBA) and RiddiSiddhi Bullions Limited (RSBL) and specifically relating to BBA’s advertisement in various news papers on 31st December announcing Prithviraj Kothari’s expulsion from the BBA and the article in a leading English daily (14th Jan 2013).
Consumers cut apparel, durables purchases for gold
Amit Maheswari, owner of a gold jewellery shop in suburban Andheri, could let only ten people into his shop at a time due to space constraints. It was Diwali eve. Another twenty-odd people did not mind waiting outside. He provided them chairs and served soft-drinks and snacks too.
Samvat 2069 : Gold falls, silver gains
Samvat 2069 began with a marginal decline in gold prices in Zaveri Bazaar here due to lack of business activity on Diwali, the first day of the Hindu calendar, as bullion dealers ended the day with puja and celebrations after recording the prices of precious metals in their annual handbooks.
Festival discounts on gold coin purchases
It’s raining discounts for gold purchases this festival season, as banks and other financial institutions are selling the precious metal coins at up to 8 per cent lower prices than the prevailing market rates.
Oh my Gold!
Rise in gold prices can be attributed to various reasons - global crisis, economic growth data from various countries, rising unrest in Syria etc. Gold prices fluctuate on a weekly basis due to data released from various countries which directly affect bullion prices.
Prithviraj Kothari’s views on the Bullion market
The primary propose of this blog is to educate the masses on the current happenings in the Bullion world.
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