DUBAI GOLD DISCOUNTS
Gold: The correction was the repositioning, not the end of the trend
Gold remains a vital liquidity source even with price drops. Central banks and individuals are selling gold to ease financial strains. In India, investors are shifting towards Gold ETFs for easier and more efficient investment. This trend offers attractive entry points for building gold exposure. Gold ETFs provide transparent pricing and security, making gold a liquid asset.
In hawala universe, it's a partial eclipse of dollar
The Indian money market's hawala sector is experiencing an unusual discount on the dollar-rupee exchange rate, a shift attributed to stalled flights and reduced trade with the Gulf. This irregular market, typically seeing a dollar premium, is now operating 1-2% below official rates, impacting informal remittance channels.
Gold prices down 18% since Iran war! Why yellow metal is not acting as safe haven this time
Gold has dropped 18% despite the West Asia conflict, as a surging dollar, rising oil prices and liquidity-driven selling overpower its safe-haven appeal. A hawkish US Federal Reserve stance, profit-taking after last year’s rally and higher bond yields have further weighed on sentiment, keeping investors on the sidelines.
Why is gold price rising by 1.9% and silver by 2.7%, and will gold touch $5,500 and silver reach $100 soon? Precious metals rise, analysts insights and market outlook explained. Here's what should investors do now
Why is gold price rising by 1.9% and silver by 2.7%, and will gold touch $5,500 and silver reach $100 soon? Gold rose as the dollar index slipped and oil prices declined. Investors track inflation data and Federal Reserve policy signals while silver and platinum also moved higher in global commodity markets.
Cheap gold in Dubai amid Middle East Crisis: How much gold can you buy and bring to India at lower cost and taxes?
Flight disruptions due to the Iran-Israel conflict have led to discounted gold prices in Dubai, presenting potential buying opportunities for Indians. However, experts caution that customs duties, GST, and other charges can significantly erode profit margins, making large-scale arbitrage unlikely.
NRIs in Dubai sell gold amid escalating Israel-Iran war to secure cash
With rising tensions from the Israel-Iran conflict, Indian expatriates in Dubai are cashing in on their gold investments. Many are opting to liquidate their gold to support family back home or bolster overseas bank accounts. This surge of sellers at unbranded jewellers illustrates a significant pivot in how assets are managed amidst global instability.
- Go To Page 1
Gold stuck in Dubai is being sold at a discount as war widens
Dubai's gold market is offering significant discounts, as Middle East conflict disrupts flights and shipping. Buyers are hesitant due to high costs and delivery uncertainties, leading traders to offer up to $30 an ounce below the global benchmark. While some shipments are moving, delays are impacting physical bullion availability in India, though current inventories are ample.
Under the war shadow: Dubai resilience keeps it going; we feel very safe here, says Danube chief Rizwan Sajan
Despite ongoing regional tensions, Dubai stands resilient and thriving. Officials assure that safety protocols are robust and effective. While minor incidents like drone activities and explosions have occurred, daily life remains largely unchanged. Local businesses extend their hospitality to tourists, and investors are drawn to Dubai’s distinctive allure.
Will the war soften Dubai properties, unsettle residency plans, & crypto fest?
Amidst geopolitical tensions, Dubai's booming property market faces scrutiny as Indian buyers and businesses reassess investments. While some anticipate price corrections and distress opportunities, others believe the market will stabilize. The city's appeal as a tax-friendly domicile and crypto hub is also being tested, with upcoming events crucial for maintaining confidence.
Oil, rice, textiles & more: The cost Indians may have to pay for Iran-Israel war
Iran-Israel War: India feels the pinch as the Israel-Iran conflict pushes up prices for pulses and onions. Exports of rice, textiles, and electronics are hampered by delays and higher freight costs. Strained shipping lanes and volatile markets are forcing a rethink of logistics. Essential imports and strategic sectors hang in the balance, with broader economic fallout likely if tensions rise.
Buying gold worth Rs 20 lakh in Dubai and selling it in India: Can you make huge gains without any risk? Experts weigh in
Suraj Nangia, founder, Nangia Global, says an Indian traveller who has resided abroad for over one year can bring in a limited amount of gold jewellery duty-free: up to 20 grams for men and 40 grams for women. He reveals travellers exceeding the duty-free jewellery allowance face a tiered duty structure, starting around 3% and rising to 6% and 10% for higher quantities.
Scroll, spot, buy: Why fashion and lifestyle shopping is growing on Instagram
For many Gen Z shoppers in their early 20s, shopping via social media ads while scrolling through the feed is most natural, with impulse purchases offering both retail therapy and instant gratification.
Buying gold overseas seen to lose lustre as duty cut push domestic sales
Indian jewellers foresee a surge in domestic gold purchases due to a significant customs duty cut in the 2024-25 budget. This change has narrowed the price gap between India and Dubai, making Indian gold more appealing. The reduction is expected to boost domestic gold production, and jewellers plan to introduce new designs to attract customers.
India's four-week platinum imports surpass 2023 total as gold shown as platinum
India's platinum imports surged in June as dealers exploited a loophole by registering gold alloys as platinum to avoid higher duties. This led to revenue loss for the government and distorted market prices. The situation highlights the need for a review of import rules to prevent such practices.
Planning to buy iPhone from US or Dubai? Consider this before purchasing
Buying iPhones abroad, particularly the Pro models, can lead to significant savings of up to Rs 60,000. However, for the non-Pro models like the iPhone 15 and iPhone 15 Plus, the price differential is not substantial, making buying them from abroad less financially advantageous. Consider this detailed comparison before buying it from abroad.
Indian jewellers gear up for next festival as gold sales pick pace
"Dussehra sales gave confidence to jewellers. They're now buying for Diwali," said a Mumbai-based dealer with a bullion importing bank.
Indian jewellers gear up for next festival as sales pick pace
Indians celebrated the Dussehra festival on Sunday, and now await Diwali and Dhanteras in November. "Dussehra sales gave confidence to jewellers. They're now buying for Diwali," said a Mumbai-based dealer with a bullion importing bank.
Empty jewellery shops plague India market as Dubai exports arrive
On Friday, gold futures in India, traditionally the world's second biggest gold consumer after China, were trading around 51,800 rupees ($691.24) per 10 grams, having surged to a record high of 56,191 rupees earlier this month.
Incredible deals, a chance to win AED 200,000, dazzling sky fireworks: Dubai is a must-visit during the shopping festival
The Dubai Shopping Festival, now in its 25th edition, is on till February 1.
20 things to do in Dubai this season: Skydiving, underwater dining, a trip to Gold Souk
Here are the top places to tick off your list when you’re in town.
DRI sniffs out trail of smuggled gold trade
The huge, undeclared currency is allegedly used to buy jewellery overseas and bring it back in person by the same or unrelated parties
CBI sits on OBC complaint for 6 months, acts after Nirav Modi scam
The CBI has filed an FIR in Rs 390-crore ‘fraud’ even as the Delhi-based jewellers have gone missing. Four people named in the complaint.
Zomato Treats crosses 21,500 subscriptions in four months
The paid service allows subscribers a free chef-crafted dessert for every online order with partner restaurants in India and the UAE.
Sonam Kapoor recommends Dubai Shopping Festival for retail therapy
When Bollywood actress Sonam Kapoor was spotted shopping in Dubai
Oil slump empties Saudi wallets and Dubai's gold souk
Shopkeepers in Dubai say sales are declining because tourists from Saudi and Russia have less cash to spend.
Jewellers demand Narendra Modi government to cut import duty on gold
“Imports in 2014 will not be more than 650 tonnes, which is much less than 750 tonnes that we imported last year,” Bachhraj Bamalwa said.
Jewellers offer host of freebies to lure customers as growth dips this festive season
The freebies come at a time when buyers are facing a shopping dilemma due to high gold prices together with the nearing Diwali festival.
International Wellness Card launched
Facilitating easy medical access to patients from abroad, healthcare major Prime India today launched the International Wellness Card here.
Rupee weakens, Gold down
The rupee fell to its lowest level in 2-½ months on Wednesday as a dollar shortage in the market and concerns about foreign funds selling stocks prompted banks to sell the local unit. Gold prices on Wednesday fell by Rs 260 to Rs 11,690 per ten gram in the bullion market here as investors transferred funds to the surging stock market.
Load More
