Gold council urges investing in gold

MNB

With crude prices hitting the roof and the stock market is diving, gold is emerging as a good hedge option against inflation. “It is the right time to invest in gold,” says K Shivram, vice-president of the World Gold Council.

There has also been a shift in the consumption of gold. According to Shivram, a lot of jewelers are now setting up shop in tier-II and tier-III towns. “Small towns have definitely benefited from the influx of the large retail brands,” he said. Moreover, when it comes to gold purchase, it's not restricted to jewelry alone. The sale of gold coins is on the rise. “Many jewel retail brands are catering to the requirements of working women by designing light pieces,” he said. Against the backdrop of this, the Gold Club of Chennai and the World Gold Council are partnering to host an India Gold Conclave (IGC) on July 19. Around 250 delegates are expected to participate. (The Times of India)

ADVERTISEMENT

Regional Infrastructure for Energy Diversification Needed Green Energy

Regional Infrastructure for Energy Diversification Needed

Parliament Negates Mandatory Membership in MOK Parliament

Parliament Negates Mandatory Membership in MOK

Graphisoft Introduces Archicad Collaborate Construction

Graphisoft Introduces Archicad Collaborate

Meet the Expat CEO of the Year Nominees Awards

Meet the Expat CEO of the Year Nominees

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.