News, Updates & Insights
Insights from RSBL
Gold jewellery demand likely to rebound after note ban
India’s gold jewellery demand is likely to increase 17 per cent in 2017 on a bounce-back after demonstration.
Factors Affecting GOLD Prices in 2017 – Mr. Prithviraj Kothari, MD, RSBL
Going past the revolutionary Indian Budget 2017 where I did find some key government initiatives Budget like capping the maximum cash donation to INR 2000, steps to avoid money laundering etc are noteworthy, I did feel that Bullion Trade reforms that were the key to the survival of industry did not come through.
Global cues help gold regain its asset appeal
Growing concerns regarding US President Donald Trump’s policies and political risks from elections in some of the Eurozone countries have helped gold regain its appeal as a safe haven asset. The prices of gold rose to a three-month high in the global market and the positive momentum is expected to gather further pace in the coming days.
RiddiSiddhi Bullions demands to reduce import duty on gold
Import duty on gold, which is 10% should be brought down to 5% -6%, which would restrict import from unauthorised sector and in turn, provide a support to the local industry, said managing director of RiddiSiddhi Bullions Ltd (RSBL) and ex-president of Bombay Bullion Association Prithviraj Kothari.
Govt should invest 500 to 1000 cr in R&D
A commerce graduate from the Mumbai University, Prithviraj Kothari MD, Riddi Siddhi Bullions Ltd (RSBL) has been in the family business of gold trading since over 30 years and counting. As one of the promoters, he has almost single handedly steered RiddiSiddhi Bullions Ltd. (RSBL) to the top 10 unlisted public companies in India. Gold, which has swayed enormously with the downturn of events during the calendar year 2016 and with the Indian Budget 2017 being on the roll, Kothari spoke to AD&C and gave an overview to what impact it could lead on the Bullion sector.
HIGH GOLD PRICES HIT JEWELLERY SALES THIS YEAR, SAYS RSBL
Are higher gold prices affecting jewellery sales in India? Prithviraj Kothari, director, RiddiSiddhi Bullions (RSBL), one of India’s largest bullion dealer, says high prices of the yellow metal this year have dent the sale of gold jewellery this festive season with people choosing to delay their purchases.
GOLD, JEWELLERY SALES SPURT UP BY 30% ON DHANTERAS
Gold and jewellery sales were up 30 % this Dhanteras, with jewellers across the country recording brisk business on the auspicious day on the back of favourable price and a good monsoon
GOLD PRICE FORECAST FOR THIS FESTIVE SEASON BY MR. PRITHVIRAJ KOHARI, MANAGING DIRECTOR OF RIDDISIDDHI BULLIONS LTD. (RSBL)
Gold Price Forecast for this Festive Season by Mr. Prithviraj Kohari, Managing Director of RiddiSiddhi Bullions Ltd. (RSBL).
TRADE WILL PROSPER UNDER GST – PRITHVIRAJ KOTHARI, MD, RIDDISIDDHI BULLIONS LIMITED (RSBL)
The most important characteristic of GST is that 48 different taxes will be subsumed into one tax and this will provide ease to do business. We do not have to open multiple branches in different locations. One can do business from single location and with one tax compliance...
RIDDISIDDHI BULLIONS LIMITED HONOURED WITH “BEST GOLD BULLION DEALER OF THE YEAR 2015-16” AWARD BY INDIA INTERNATIONAL GOLD CONVENTION – 2016
RiddiSiddhi Bullions Ltd. (RSBL) was honoured with prestigious “Best Gold Bullion Dealer of the Year 2015-16” Award, by India International Gold Convention - 2016 in a glittering event held at Jaypee Palace, Agra recently. The award was received by Mr. Prithviraj Kothari, MD- RiddiSiddhi Bullions Ltd. Along with the same he was awarded with a memento of being a distinguished speaker at the event.
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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