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Budget News

  • World Gold Council Says Indian Gold Jewellery Demand Almost Doubled In 2021
  • January 28,2022  15:37
  • World Gold Council (WGC) noted that Indian gold jewellery demand almost doubled y-o-y in 2021, surging past pre-pandemic levels to reach a six-year high of 611 tonnes (t). Record quarterly demand of 265 tonnes (t) in Q4 set the seal on this remarkable annual performance. With the easing of lockdown restrictions from June onwards and continued successful roll out of the vaccination program, India's economy recovered in H2 2021. This boosted consumer sentiment particularly in urban India as reflected in an increase in the Reserve Bank of India's Consumer Confidence Index, which rose to 62.3 in November 2021. Rural demand was supported by normal monsoon rainfall, although crop loss due to floods in the Southern states of Kerala and Tamil Nadu impacted rural demand to a degree.

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ADVISORY FOR INVESTORS
ATTENTION INVESTORS
"1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
 2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
 3. Pay minimum 20% upfront margin of the transaction value to trade in cash market segment.
 4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.
 5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.
.......... Issued in the interest of Investors"
Prevent Unauthorized Transactions in your demat/trading account --> Update your Mobile Number/email ID with your stock broker/Depository Participant. Receive information of your transactions directly from Exchanges on your mobile/email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/CDSL on the same day. - Issued in the interest of investors.
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
No need to issue cheques by investors while subscribing for IPO. Just write the bank account number and sign-in the application form to authorise your bank to make payment in case of allotment. No worries of refund as the money remain in the investor's account.
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