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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

UCBs should not lend more than 75% against gold

Gold jewellery accepted as security will have to be valued at the average of the closing price of 22 carat gold for the preceding 30 daysGold jewellery accepted as security will have to be valued at the average of the closing price of 22 carat gold for the preceding 30 daysThe RBI has decided to prescribe a Loan to Value (LTV) Ratio of not exceeding 75 per cent for UCBs’ (Urban Cooperative Banks) lending...
Source : Indiainfoline |
Category : Business

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

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

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

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

New gold jewellery valuation norm in place

Reserve Bank of India on Monday came out with standardised norms for valuation of gold jewellery as collateral for loan from banks."In order to standardise the valuation and make it more transparent to the borrower, it has been decided that gold jewellery accepted as security/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...
Source : Rediff |
Category : Business

'Gold flavoured tea' neither good nor bad

Drinking 'gold flavoured tea' neither harmful nor beneficial to health (Thinkstock photos/Getty Images)The '22- carat gold' tea, which is being offered by a cafe in Dubai, is not harmful to health, experts have revealed.is merely a commercial product that allegedly exploits consumers, the senior municipal official clarified that a warning has not been issued against tea mixed with gold, because the...
Source : Times Of India |
Category : Health

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
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