NEWS
India Retail Investor Insights report announced by WGC
Survey highlights that 29% of retail investors in India have Never bought gold but are open to buying it in future!
The
World Gold Council’s latest India Retail Investor Insights report revealed that
29% of retail investors have never bought gold in the past but are open to the
idea of buying gold in the future. 52% of investors already owned some form of
gold, with 48% having invested in the 12 months preceding the survey. Gold
jewellery and gold coins remained two of the top five investments held by
Indian investors across the board – a position that has been a permanent
fixture for some years.
Jewellers’ expectation at Akshay Tritiya amid Covid-19
Vaibhav Saraf, Director, Aisshpra Gems
& Jewels:
“These
are tough times for everyone. We have to stay safe and follow our traditions
also. We were getting many queries on our toll-free numbers and social handles
where the enquiry was majorly for fixing gold rates.
Keeping
this in mind we are bringing out a pre-booking offer for gold jewellery where
the customer can fix gold rates for future delivery and get a discount of
Rs1000/10g on gold rates also. Based on the current scenario and calls received
we are sure that the scheme will generate good business for us.”
Senco offers Akshay Tritiya buying with price protection!
Go online and book your jewellery on this auspicious occasion at sencogoldanddiamonds.com
Lock
in to the gold price of the day and get assured price protection guarantee
Rs.
400/- per gram off on 22k and 24k gold; making charge discounts on diamond,
silver, platinum
1%
of sales to be donated to COVID-19 relief fund
Offer
valid from April 22 – April 27
With PNG facilities, buy gold this Akshay Tritiya
PNG
jewellers announced the launch of Vedhani E - Vouchers and the Pure Price offer
to facilitate booking of gold for Akshay Tritiya. These offers are currently
available on their website, www.Pngadgil.com. Customers availing
these offers can now book gold on Akshay Tritiya and have the delivery of the
same once the lockdown ends. The Vedhani E-vouchers are available in 1, 2, 5
& 10 Gms of bullion only.
Traditionally,
Akshay Tritiya has been a day of fervent gold buying across the country. Buying
gold on Akshay Tritiya is considered to be very auspicious. This year, with the
ongoing Covid-19 crisis and all retail stores being shut during this auspicious
period have disappointed many consumers unable to make traditional gold purchases
at a time when gold prices are rising almost every day and gold once again has
become the favorite mode of investment the world over.
Gemfields releases responsible sourcing video
To
coincide with World Earth Day, Gemfields – the company that owns the Kagem
emerald mine in Lufwanyama in partnership with the Zambian government –
announces the launch of an exciting video series, offering viewers a glimpse
inside its world of coloured gemstones.
Consisting
of four impactful and educational short films, the series will cover
responsible sourcing; offer up a guide to buying these prize gems; and then
look at emeralds and rubies – the crown jewels of coloured gemstones –
individually. Each film, running between one and two minutes in length, will be
available to view on both Gemfields’ website and on its YouTube channel: https://gemfields.com/responsible-sourcing-film ,
Thinking about the Restart
Recently
Goldman Sachs Research on Thinking about the Restart presented. As the corona
crisis continues to weigh on the growth outlook, attention has turned to how
the global economy will restart. Optimists think the apparent peaking of new
active cases globally will allow economies to reopen soon, while pessimists’
counter that continued social distancing will be necessary to hold off a large
second wave of infections.
Even
if “business as usual” is off the table until a vaccine is ready, a sharp
increase in testing and changes to business practices could bring back part of
the lost output in sectors like manufacturing and construction, which account
for about half the total hit to GDP in April by Goldman Sachs Research
estimates. If policymakers manage to thread the needle between continued virus
control and a gradual reopening of the economy, the level of GDP should begin
to move higher in the months ahead.
E-mails for facilitating faster refund
The
Central Board of Direct Taxes (CBDT) responding to some observations being
circulated on social media alleging that the Income Tax Department is pursuing
recovery proceedings and using arm-twisting methods by adjusting outstanding
demands of the start-ups, today stated that these observations are completely
unfounded and are total misrepresentation of facts.
The
CBDT said that its email seeking clarification from all those who are entitled
to get tax refund but also have outstanding tax to pay cannot be misconstrued
as harassment. These computer generated emails have been sent to almost 1.72
lakh assesses which includes all classes of taxpayers – from individual to HUF
to firms, big or small companies including start-ups and therefore to say that
start-ups are being singled out and harassed is total misrepresentation of
facts.
A great step to deal with current ambiguity
Brickwork
Ratings is India’s home-grown credit rating agency built with superior
analytical prowess from industry’s most experienced credit analysts, bankers
and regulators has focussed on RBI’s recent measures! The Reserve Bank of India
(RBI) convened its Monetary Policy Committee (MPC) meeting well before its scheduled
of April 2020, considering the urgency of intervention in the wake of severe
uncertainty caused by the COVID-19 outbreak.
B2Gold 1Q revenue increased by 44%!
B2Gold
announces its gold production and gold revenue for the first quarter of 2020.
All dollar figures are in United States dollars unless otherwise indicated.
The
Company is continuing to focus on its Covid-19 response measures and to date
has not experienced any incidents of the Covid-19 virus at its sites or
corporate offices. B2Gold places the safety and wellbeing of its workforce as
the highest priority and continues to encourage input from all its stakeholders
as the situation continues to evolve, including cooperation from all levels of
government in Mali, Namibia, the Philippines and Colombia.
Parral production over 600K Oz precious metals
GoGold
Resources reports a record production for the quarter ending March 31, 2020 of
600,697 silver equivalent ounces, consisting of 365,795 silver ounces, 2,355
gold ounces, and 28 tonnes of copper.
“Production
at Parral has increased for 6 consecutive quarters, as it continues to perform
well. This quarter we also have the benefit of some copper by-product from the
SART as it completed commissioning, which equates to 9,509 silver equivalent
ounces.” said Brad Langille, President and CEO.