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Dhante-rush in jewellery shops

the city to buy gold, silver and other precious metals on the occasion of Dhanteras. This year, the price of yellowThis year, the price of gold is Rs 31,500 per 10 gm for 24 carat and Rs 30,300 per 10 gm for 22 carat gold. Last year, the price was Rs 31,000 per 10 gm for 22 carat and Rs 32,000 per 10 gm for 24 carat gold.Manager of Maya Jewels, Deepak Sharma, said, "Compared to last year, the price...
Source : Times Of India |
Category : City | City : Thane

RBI standardises gold loan guidelines

the gold is of purity less than 22 carats, the bank should translate the collateral into 22 carat and value the exact grams of the collateral, RBI saysThe Reserve Bank of India (RBI), on Monday, said that it had been decided to prescribe a loan-to-value (LTV) ratio of not exceeding 75 per cent for banks’ lending against gold jewellery, including bullet-repayment loans against pledge of gold jewellery.“As...
Source : Indiainfoline |
Category : Business

Reserve Bank tightens norms for gold loans

eeking to keep demand of gold under check, the Reserve Bank of India has tightened norms for loans against pledge of gold jewellery."In order to standardise the valuation and make it more transparent to the borrower, it has been decided that gold jewellery accepted as collateral will have to be valued at the average of the closing price of 22 carat gold for the preceding 30 days as quoted by the Bombay...
Source : Rediff |
Category : Business

Gold Flavoured Tea Neither Harmful Nor Beneficial to Health, Say Experts

22-carat gold tea contains such a minute amount of gold that it neither harms nor benefits consumers, reveal experts. According to Khalid Sharif, Director of the Food Control Department at Dubai Municipality, 'gold tea' Gulf News reported. Addressing the claims that gold tea is merely a commercial product that allegedly exploits consumers, the senior municipal official clarified...
Source : Medindia |
Category : Health

RBI tightens norms for lending against jewellery

tightened the screws on gold loan Non-Banking Finance Companies to protect borrowers against unfair practices and check the unbridled growth of such NBFCs. The central bank has mandated that the gold the NBFCs receive as collateral should be valued transparently. This valuation will be based on the average closing price of 22 carat gold in the precedingto provide details of its gold assets as part...
Source : World News |
Category : Headlines

Drinking 'gold flavoured tea' neither harmful nor beneficial to health

Dubai, Sept 27 (ANI): The '22- carat gold' tea, which is being offered by a cafe in Dubai, is not harmful to health, experts have revealed.According to Khalid Sharif, Director of the Food Control Department at Dubai Municipality, 'gold tea' contains such a minute of gold that it neither harms nor benefits consumers, Gulf News reported.Addressing the claims that gold tea is merely a commercial product...
Source : News Track India |
Category : Health | City : Agra

Drinking 'gold flavoured tea' neither harmful nor beneficial to health

Dubai, Sept 27 : The '22- carat gold' tea, which is being offered by a cafe in Dubai, is not harmful to health, experts have revealed.According to Khalid Sharif, Director of the Food Control Department at Dubai Municipality, 'gold tea' contains such a minute of gold that it neither harms nor benefits consumers, Gulf News reported.Addressing the claims that gold tea is merely a commercial product that...
Source : Newkerala |
Category : Health

RBI tightens norms for lending against gold jewellery

Reserve Bank of India (RBI) has tightened norms for loans against pledge of gold jewellery, in a bid to keep demand for the yellow metal under check."In order to standardise the valuation and make it more transparent to the borrower, it has been decided that gold jewellery accepted as collateral will have to be valued at the average of the closing price of 22 carat gold for the preceding 30 days as...
Source : Business Today |
Category : Business | City : Mumbai

Tamil Nadu government on 400 kg gold hunt

on gold hunt now. It is not digging for the yellow metal at any site. It has instead tendered out its intention to buy 400 kg of gold for around Rs.120 crore.Tamil Nadu's Social Welfare and Nutritious Meals Programme Directorate Wednesday issued a tender for purchase of 100,000 gold coins of 22 carat each weighing four grams through competitive bidding by manufacturers and dealers of the yellow metal.The...
Source : Prokerala |
Category : National | City : National

RBI tightens rules for firms lending against gold

MUMBAI (Reuters) - The Reserve Bank of India (RBI) has tightened rules for finance companies which lend against gold, a fast-growing business in the country, in line with the recommendations of an internal panel.The RBI said lenders need to value the pledged gold at the average closing price of 22-carat gold for the preceding 30 days as quoted by the Bombay Bullion Association Ltd, to arrive at the...
Source : Yahoo Finance |
Category : Personal Finance | City : Mumbai