Business
Prices of Gold Today In India
Gold has always held a special place in the hearts of Indians, not only for its cultural significance but also as an investment option. For centuries, gold has been a symbol of wealth and prosperity in India, often used in weddings, festivals, and as a store of value. In this blog, we’ll explore the prices of gold today in India and delve into the factors that influence its value.
Current Gold Prices in India:
As of today, [26-09-2023], here are the prevailing gold prices in India:
24K Gold (per 10 grams): INR [60100]
22K Gold (per 10 grams): INR [55100]
Please note that these prices are subject to change frequently due to various market factors. To get the most accurate and up-to-date prices, it’s advisable to check with your local jeweler or refer to a reputable financial news source.
Factors Affecting Gold Prices in India:
Several factors influence the daily fluctuations in gold prices in India:
Global Gold Market: The international gold market plays a significant role in determining gold prices in India. Gold is a globally traded commodity, and its prices are influenced by supply and demand dynamics worldwide.
Rupee-Dollar Exchange Rate: Gold is priced in U.S. dollars, so changes in the exchange rate between the Indian Rupee (INR) and the U.S. Dollar (USD) can have a substantial impact on gold prices in India. A weaker rupee relative to the dollar can make gold more expensive for Indian buyers.
Geopolitical Events: Political instability, conflicts, and global economic uncertainties can drive investors towards safe-haven assets like gold. During times of crisis, gold prices tend to rise as demand increases.
Inflation and Economic Conditions: Gold is often viewed as a hedge against inflation. When inflation rates are high or economic conditions are uncertain, people may invest in gold to preserve their wealth.
Monetary Policies: Central bank policies, such as interest rate changes and quantitative easing measures, can affect the demand for gold. Lower interest rates, for example, can make gold more attractive compared to interest-bearing assets.
Historical Perspective:
Gold prices in India have witnessed significant fluctuations over the years. It’s essential to remember that while gold can be a valuable long-term investment, short-term price movements can be influenced by various factors.
Investment Considerations:
When considering investing in gold, whether in the form of jewelry, coins, bars, or exchange-traded funds (ETFs), it’s crucial to:
Stay Informed: Keep an eye on gold prices and the factors influencing them. Being informed will help you make well-timed investment decisions.
Diversify Your Portfolio: While gold can be a valuable addition to your investment portfolio, it should be part of a diversified strategy that includes various asset classes.
Consult Experts: Consider seeking advice from financial advisors or experts who can provide insights tailored to your financial goals.
Gold prices in India, like elsewhere in the world, are subject to a range of economic, geopolitical, and market-driven factors. While gold continues to be an integral part of Indian culture, it’s also an investment avenue that can help individuals protect their wealth and diversify their financial portfolios. Staying informed and understanding the dynamics of the gold market are essential for making informed investment decisions.
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Fashion
Anant Ambani’s new ₹22 crore watch beats all previous records: has just three pieces in the world and resembles an ice cube.
Anant Ambani recently wore the Richard Mille RM 52-04 Skull Blue Sapphire watch, valued at ₹22 crore. This rare timepiece is one of 3 pieces ever made.
Anant Ambani is the proud owner of an envy-worthy collection of watches. The youngest son of Mukesh Ambani and Nita Ambani is a horologist and often wears pieces from luxury brands like Richard Mille, Patek Philippe, Audemars Piguet, and more. Recently, during an outing with Radhika Merchant, he wore a one-of-a-kind watch – The Richard Mille RM 52-04 “Skull” Blue Sapphire. It is one of the world’s rarest timepieces.
Anant Ambani’s rare Richard Mille watch
In the world of horology, the Richard Mille RM 52-04 “Skull” Blue Sapphire is considered one of the world’s rarest timepieces. Per the Instagram page, The Indian Horology, it is only available to the very best Richard Mille clients. Moreover, only three pieces have ever been made of the watch, making the RM 52-04 Skull an extremely rare sight for collectors, according to Vintage Grail, a luxury watch store. “You’d be lucky to have seen these in your lifetime,” a post on their Instagram page said.
The Richard Mille RM 52-04 is crafted in a single piece of sapphire and features a pirate skull and crossbones in the tonneau-shaped case. As per The Indian Horology, the back of the skull, part of the movement as a centre bridge, is visible via the sapphire caseback. Additionally, the four bridges that look like the “bones” of a pirate flag attach the movement to the case.
The price of Anant Ambani’s watch
The Richard Mille RM 52-04 “Skull” Blue Sapphire watch is worth USD 2,625,000, which is approximately ₹22,51,90,481 or 22 crore.
For the uninitiated, Richard Mille is a Swiss watchmaking brand known for its high prices and exclusive designs. It has become a status symbol among the wealthy and famous.
About Anant Ambani
Anant Ambani is the youngest son of Reliance Industries chairman Mukesh Ambani and his wife, Nita Ambani. Anant is married to Radhika Merchant. The couple tied the knot on July 12, 2024. Isha Ambani and Akash Ambani are his siblings.
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Health
Namita Thapar and Anupam Mittal of Shark Tank India argue on work-life balance: “70-hour work week…”
Shark Tank India’s Namita Thapar and Anupam Mittal clash over work-life balance debate: ‘70-hour work week…’
Should employees work longer hours? In a recent interview Shark Tank India’s Namita Thapar and Anupam Mittal expressed their contrasting views.
Creating the right work-life balance isn’t easy, and if you work for yourself, it can be almost impossible, as per entrepreneurs Namita Thapar and Anupam Mittal, who were both seen together in various seasons of the popular reality show Shark Tank India. Also read | Tips for maintaining a healthy work-life balance
During a recent interview with Humans of Bombay, Namita Thapar expressed her view on work-life balance, saying people who own businesses must work long hours, but ‘common’ salaried employees don’t need to. However, Anupam Mittal had a different viewpoint.
Anupam Mittal on work-life balance
When asked if he believed work-life balance was achievable and his view on the debate around it, Anupam, who is the founder-CEO of Shaadi.com, said, “I think it is a big lie that’s being told to this generation, and I think it stinks because you are not ever going to… okay this is for people who want to achieve something extraordinary in life… you are not going to achieve anything extraordinary in life by counting the hours that you are putting in. Work-life harmony and flexibility, all that I understand.”
He then spoke about how the productivity in his company has gone up by 30 percent due to a hybrid work model as people get to take care of their personal life while also being available for work from home.
He added, “But simply clocking hours as a means of defining work-life balance is destroying a whole generation. We work 16 hours a day because we believe so much in what we are trying to build; and we never looked at our clocks and watches, although we were on salaries. I think that really builds character, right? When you struggle… success builds ego, but struggle builds character. I think people need to really go all in as far as (possible), if they want to achieve (something) in the early part of their career, when they still have the energy and the clarity in terms of what they want.”
Chiming in, Namita, the CEO of Emcure Pharmaceuticals, said, “This is a crock of bull****. Pardon my language. I completely disagree. I apologise for interrupting you (Anupam).”
Namita Thapar on work-life balance
Namita then explained her position, saying, “Basically this whole discussion and argument that is going on, pardon my language, is a crock of bull****. I will give you three data points, very specific data points. No. 1, when Emcure went public, it was $3 billion, my family owns 80 percent, so imagine the kind of wealth I am making. The founders, set of co-founders and top management, look at the kind of money they are making. Obviously, we could work 20 hours a day, which is what we all do. But the employee? Today, my accountant, he is making a salary, he does not have the upside of putting in that kind of hours. If he is going to put in that kind of hours, my second data point is, he is going to have serious, serious, serious physical and mental health issues.”
She added, “So, I think for founders and high stakeholders, who make tons of money — go for it. Work 24 hours a day forever! But I think for the common man and woman… (there needs to be) a certain number of hours that they are supposed to work, and of course when there are deliverables… people work longer hours, but it is not on a non-stop, standard number basis.”
Namita also said, “Third thing: For God’s sake, don’t get married and have children because the next generation is suffering because of non-existent parents… just spare them the misery and mental health issues due to having an absentee parent. So, I think for people with high stakes, yes (work long hours), but for common employees, have a reasonable work limit, knowing that there will be some blips during deliverable time, but it cannot be a constant 70-hour work week, which is what a lot of people are proposing.”
Here are a few tips and tricks for work-life balance
A balanced lifestyle is not just a luxury; it’s essential. Finding the right balance between work and personal life is crucial for maintaining a healthy lifestyle, managing stress levels, and promoting better sleep quality. Click here to check out six helpful ways to maintain work-life balance for better mental health.
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Business
The PAN 2.0 project has been approved by the centre. What’s new, the main advantages, and all you need to know
Centre approves PAN 2.0 project: What’s new, top benefits and all you need to know
The PAN 2.0 Project is for digitizing the taxpayer registration system, upgrading the current system, and making PAN as a common identifier
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi announced its approval of the PAN 2.0 Project of the Income Tax Department on Monday, November 25, 2024.
The PAN 2.0 Project is an e-Governance project for digitizing the taxpayer registration system (Digital PAN/TAN services).
The government will be spending a total of ₹1,435 crore for the project, according to its official press statement.
The project also aims to upgrade the current PAN/TAN 1.0 eco-system by consolidating the core and non-core PAN/TAN activities as well as the PAN validation service.
The government also aims to enable the use of PAN as a common identifier for all digital systems of specified government agencies.
“PAN card is part of our life which is important for the middle class and small business, it has been highly upgraded and PAN 2.0 has been approved today,” said Union Minister Ashwini Vaishnaw, talking about the details of the Pan 2.0 project. “The existing system will be upgraded and the digital backbone will be brought in a new way.”
He also highlighted that the government aims to focus on the grievance redressal system, to cater to the queries and the needs of citizens.
Top 4 benefits of the PAN 2.0 Project
i) Ease of access and speedy service delivery with improved quality
ii) Single Source of Truth and data consistency
iii) Eco-friendly processes and cost optimization
iv) Security and optimization of infrastructure for greater agility
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