Skip to main content

Gold just entered six-figure territory

・Gold hit ₹1 lakh/10 gms today.
It almost doubled in less than 3 years as the gold price jumped 100% to Rs 1 lakh.

Why is this happening? What are the factors fueling this trend?

The main reason is the ratcheting up of geopolitical tensions, which have strengthened the safe-haven
demand for gold across the world.
The freezing of Russian central bank assets in 2022 following the Russia-Ukraine war triggered a wave of gold buying by central banks as countries rushed to shore up their strategic buffers. 

The current upheaval around US President Donald Trump’s ‘on-again, off-again’ tariffs has further
burnished gold’s age-old reputation as a protective asset during uncertain times. 
The weakening of the US dollar index has also propelled rates, as gold is priced in USD globally.

Trend in Indian Markets?
Is it the right time to invest in the gold?
・What has been the trend in the Indian market?

India is the world’s second-largest consumer of gold. 

After two months of decline, gold imports reached $4.4 billion in March - nearly double the previous
month. 

Despite rising prices, imports rose to 812 tonnes in 2024 from 744 tonnnes in 2023. 

However, in a sign of profit-booking, gold ETFs saw net outflows of ₹77 crore in March, following 10 months of inflows.
‣ What should you do? Invest now or avoid?

Gold remains a top choice for asset diversification to reduce risks, and traditionally moves inversely to
stock markets. 

With Indian markets weighed by FII selling and
lack lustre corporate earnings, the case for having gold in one’s portfolio becomes stronger. 

Leading players like Kalyan Jewellers, Senco and
Titan have also reported strong topline growth of 23-39% in Q4.

Signs are positive for Gold.

Comments

Post a Comment

Popular posts from this blog

Income Tax Department Grapples with 9.7 Million ITR Backlog, Taxpayers Await Refunds

The Income Tax (I-T) Department is facing a significant backlog of over 9.7 million verified income tax returns (ITRs) for the Assessment Year (AY) 2025-26, according to the latest official figures. As of Sunday, November 2, 2025, while the department has successfully processed a substantial 6.72 crore (67.2 million) ITRs, a staggering 97,07,702 verified returns remain in the queue, causing anxiety among taxpayers, especially those expecting refunds. The data, sourced directly from the Income Tax Department’s official portal and reflected in a screenshot from November 2, reveals the scale of the task. The department has received 8,01,81,924 filed returns, of which 7,69,31,814 have been verified by taxpayers. The gap between verified and processed returns constitutes the current backlog. (Screenshot of the Income Tax Department portal showing ITR statistics as on November 2, 2025) This delay is particularly troubling for individuals who filed their returns around the July 31...
Post a Comment
Read more

Form 10IEA Filing Requirements

Default Regime is New Regime for ITR Filing Form 10IEA Filing Requirements  ITR 1 - No Requirements to File Form 10IEA to Opt for old regime or re-entering to New Regime (No Switching Restrictions) ITR 2 - No Requirements to File Form 10IEA to Opt for old regime or re-entering to New Regime (No Switching Restrictions) ITR 3 - Form 10IEA Filing mandatory when opting for old regime and if opting again for New Regime in subsequent Year  (if opted old regime for one year and then opted for new regime in subsequent year then not eligible to opt old regime again means one time Switching option is there (Need to file Form 10IEA maximum 2 times only, First when you opt for old regime and Second when you opt for new regime in subsequent year and leaving old regime) (If Form 10IEA already filed for old regime for particular year then cant opt new regime in such year and vice-versa) ITR 4 - Form 10IEA Filing mandatory when opting for old regime and if opting again for New Regime in subse...
Post a Comment
Read more

ðŸšĻ ITR REFUND ALERT – READ THIS BEFORE 31 DEC ðŸšĻ

Thousands of taxpayers are suddenly receiving this message 👇 👉 “Your ITR refund is on hold due to risk management discrepancies. File revised return within a week.” ðŸ’Ą Irony? ⏳ Income Tax Dept took 4+ months to identify the issue ⏰ And now gives taxpayers barely a few days to fix it ❓ Why no detailed email received? Because most of these are system-generated risk flags. Sometimes:  • Email goes to old registered ID • Lands in spam • Or only SMS/portal alert is triggered 👉 Always check the ITR portal → e-Proceedings / Worklist 📌 What does “ITR processing on hold” mean? It does NOT mean notice or scrutiny ❌ It means:  ðŸ”đ Refund claim looks unusual compared to data available with department ðŸ”đ Return is paused before issuing refund ðŸ”đ Taxpayer is given a chance to self-correct ⚠️ Common reasons refunds get flagged : ðŸ”đ TDS/TCS mismatch TDS claimed in ITR is higher than what appears in Form 26AS (employer/bank hasn’t deposited or corrected data yet) ðŸ”đ AIS vs ITR income mismat...
Post a Comment
Read more