India tops in investment in Dubai’s gold sector

Indians lead the top 10 nationalities investing in Dubai’s gold sector followed by the citizens of Pakistan, Britain, Saudi Arabia, Switzerland, Oman, Jordan, Belgium, Yemen and Canada, according to a new report. As many as 4,086 companies operate in the gold sector in Dubai and the number of investors stands at 62,125 including 60,012 businessmen and 2,113 businesswomen, the Business Registration and Licensing (BRL) sector in the Department of Economic Development (DED) said in its new report. The report includes statistics on the number of companies operating in Dubai, the…

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Gold merits a seat in larger investment portfolio

NEW DELHI: Down the ages, people have hoarded gold as a proven stock of value even in uncertain times. In civilizations like India and China that have witnessed invasions, disastrous natural calamities and at times mass migrations, gold has become the ultimate investment portfolio. No wonder, every family and every place of worship in these two Asian giants have hoarded gold. Two years ago, the Tirumala Tirupati Devasthanams at Tirupathi, which manages one of the world’s richest temples, deposited 2,780 kg of gold with the State Bank of India under…

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Gold investment demand returns, but rising dollar is a major hurdle

Crude oil prices slipped nearly 3 percent as the Saudi Arabian energy minister said it will keep the market well supplied. Moreover, the Saudi Arabian OPEC governor said on October 25, the oil market could be over-supplied in the fourth quarter. During the week gone by, such statements kept the sentiment in oil market bearish. Next week, the US will release its non-farm payrolls and core PCE price index. It would be interesting to see which direction the yellow metal is pulled. The latest plunge in equity prices and the spike…

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Health Benefits of Red, Green and Gold Coloured Vegetables and Fruits

It is that time of the year again when corridors are decked with holly and one is out and about, painting the town red in their best outfits. But with so many parties to attend, calorie counting becomes a tedious task. After all, the plum cakes and endless glasses of wine come at a price. A price tag that one repays in the form of additional inches on the waist. So, if you want your guests to go home with full tummies and yet have a healthy start to the…

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Oppo F1 Selfie-Focused Smartphone Now Available in Rose Gold Colour

Oppo has announced that its selfie-focused F1 smartphone will be also available in Rose Gold colour in India. The Chinese company had earlier unveiled the Oppo F1 smartphone in India in just Gold colour. Priced at Rs. 15,990, the new Rose Gold edition of the Oppo F1 smartphone is now available to buy. To recall, the Oppo F1 went on sale in India last month however the exact availability varied from state to state. (Also see: Oppo F1 Smartphone: Everything You Need to Know) Oppo being the official global partner…

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Want to Buy Gold? Here Are The Smart Ways For Investing

After posting negative returns for past three years, domestic gold prices have risen around 13 per cent this year so far. If you are looking to put money in gold, there are multiple investment options like physical gold, gold exchange traded funds (ETFs), and gold bonds. However, it always pays to be aware of the income tax implications of the different schemes. Here is a comparative analysis of various options available. Physical Gold You can buy gold coins or bars from banks and jewellers. Banks sell 24 carat gold with…

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