Latest news with #AspectGlobalVentures
News18
4 days ago
- Business
- News18
Gold Nears Record High: Iran-Israel Tension Pushes Yellow Metal; City-Wise Rates
Last Updated: The Israel-Iran tension was triggered after Israel's unexpected missile bombardment on Iran, escalating the long-running confrontation between the two arch-rivals. Gold Price Today, June 16: Gold prices climbed to a record high in India amid the rising tension between Israel and Iran. In Mumbai, gold price was trading at Rs 1,01,510 per 10 gram for 24-carat and Rs 93,050 per 10 gram for 22-carat. On Monday, gold prices, however, weakened a bit to fall around Rs 150. Silver prices also weakened by Rs 100 to trade at Rs 1,09,900, which is still its 13-year high. The Israel-Iran tension was triggered after Israel's unexpected missile bombardment on Iran, escalating the long-running confrontation between the two arch-rivals. In response, Iran retaliated by launching a barrage of missiles on Israeli soil. Prime Minister Netanyahu said Israel launched Operation Rising Lion, a targeted military operation to roll back the Iranian threat to Israel's very survival. Geopolitical uncertainty remains a key driver for bullion in the near term, says Aksha Kamboj, Vice President, India Bullion and Jewellers Association and Executive Chairperson, Aspect Global Ventures. On MCX, gold futures was trading at Rs 1,00,290 per 10 gram with an unchanged moment. Meanwhile, silver futures traded in red to 1,06,443 per kg.
News18
12-06-2025
- Business
- News18
Silver Prices At 13-Year Peak: Is It Too Late To Buy? Experts Weigh In
Silver has, to some extent, rivalled gold's safe-haven status during times of geopolitical tension. Gold has also reached record highs, hitting the Rs 1 lakh mark for 10 grams of 24-carat gold. The recent surge in silver prices has attracted retail investors and driven inflows into silver funds, explains Satish Dondapati, VP and Fund Manager, Kotak AMC. He adds that funds like Silver ETFs and silver FOFs offer a convenient way to invest in silver without physical ownership, broadening their appeal to a wider investor base. According to the price of silver in Mumbai stood at Rs 1,08,900 per kg. In the past two weeks, the price of silver rose almost 9 per cent, from Rs 1 lakh per kg to Rs 1.09 lakh per kg. Meanwhile, silver futures were trading at $36. 'Silver's surge to over $36 per ounce, marking a 13-year high, underscores a confluence of factors: robust industrial demand, particularly in solar energy and electronics, a persistent supply deficit, and shifting investor sentiment towards precious metals amid global uncertainties," says Aksha Kamboj, Vice President, India Bullion and Jewellers Association and Executive Chairperson, Aspect Global Ventures. Dondapati notes that current silver prices are at a 13-year high, and investing at these levels presents both opportunities and risks. 'The current market environment, including rising geopolitical tensions, demand-supply constraints, increasing industrial demand, and inflation concerns, might support the continued rise in silver prices in the long term," he adds. Kamboj agrees that while the outlook remains positive, with potential for further gains, caution is warranted. She recommends 'a balanced strategy considering partial profit-taking, especially during price rallies, while maintaining a core position for long-term growth can be effective." Diversifying into silver-focused ETFs or physical holdings also offers strategic exposure. Dondapati cautions investors to consider the inherent volatility of silver prices and interest rate sensitivity. He suggests that a diversified investment approach and consideration of long-term trends can effectively mitigate these risks.
Business Standard
06-05-2025
- Business
- Business Standard
Aspect Realty Breaks Ground on Landmark Project in Worli on the Auspicious Occasion of Akshaya Tritiya
NewsVoir Mumbai (Maharashtra) [India], May 6: In a landmark moment for Mumbai's luxury real estate market, Aspect Realty, the rapidly expanding real estate arm of Aspect Global Ventures, proudly announced the launch of their premium residential project, Shivam, on the auspicious occasion of Akshaya Tritiya. Strategically located in Worli, Mumbai, the project promises to redefine aspirational living in the heart of the city. Shivam is envisioned as a magnificent 57-storey residential tower, including a multi-level podium, standing at a height of 215 meters. Offering uninterrupted panoramic views of the Arabian Sea and Mumbai's city skyline from every apartment, the development spans an area of 5,50,000 sq ft. It promises a world-class living experience in the heart of the city. With an estimated completion timeline of six years, the project is poised to redefine luxury living in the heart of Mumbai. With a planned investment of Rs. 1,200 crore, the project is expected to generate a top-line revenue potential of approximately Rs. 3,850 crore upon completion. Prices are expected to start from Rs. 10 crore per apartment onwards, making it one of the few luxury projects in Worli offering panoramic sea views at a competitive rate relative to market benchmarks. Speaking on the occasion, Aksha Kamboj, Executive Chairperson of Aspect Global Ventures, said, "Shivam is not just another skyscraper--it is a symbol of our vision to deliver aspirational yet accessible homes that redefine city living. Unveiling it on Akshaya Tritiya, a day that signifies prosperity and new beginnings, adds deeper meaning to this milestone. Rooted in excellence, driven by integrity, and powered by innovation, this project reflects our unwavering commitment to shaping Mumbai's skyline with purpose, passion, and enduring value." Conceived in March 2024 under the Amnesty Scheme of the Government of Maharashtra, Shivam is already generating considerable excitement among homebuyers and investors for its strategic location, iconic design, and value-driven proposition. Aspect Realty is a forward-thinking real estate developer focused on delivering high-quality residential and commercial spaces with a strong emphasis on transparency, innovation, and long-term value. Aspect embodies a perfect blend of time-honoured values and forward-thinking innovation, with ventures spanning across diverse sectors. We are a global conglomerate with a footprint that extends to the USA, UK, Singapore, Japan, Australia and Dubai, establishing a dynamic presence in pivotal markets around the world. We are a diversified group of companies operating across various sectors, meeting the evolving demands of our nation. From bullion to realty, infrastructure to hospitality, logistics to sports--we are everywhere. We touch every corner of the world, championing a wide range of projects. We aspire to bring opportunities like never before in areas of employment, technology, infrastructure and sustainability with a commitment towards excellence to transcend lives for a better tomorrow. Our Vision: To be a global powerhouse where tradition and innovation unite, building a sustainable, impactful and visionary future for all stakeholders. Our Mission: To embrace our roots while propelling forward, delivering value through ethical, sustainable and pioneering solutions, and ensuring Aspect remains a symbol of trust, quality and progress for generations to come.
Time of India
30-04-2025
- Business
- Time of India
Aspect Bullion & Refinery to launch 50 gold, silver vending machines
Aspect Bullion and Refinery, a division of Aspect Global Ventures, on Wednesday said it plans to roll out 50 gold and silver vending machines across the country in the next 12-18 months, which will offer a curated range of gold and silver coins as well as bars. The machines will be equipped with real-time market pricing and customers can view live rate updates at the point of purchase, the company said in a release. #Pahalgam Terrorist Attack PM Modi-led 'Super Cabinet' reviews J&K security arrangements Pakistan's General Asim Munir is itching for a fight. Are his soldiers willing? India planning to launch military strike against Pakistan within 24 to 36 hours, claims Pak minister Aspect Bullion and Refinery claimed the vending machines are designed to make purchasing precious metals faster, safer, and more accessible than ever before. "Gold and silver have always been an important part of India's culture and traditions. With our vending machine, we are combining tradition with technology to make buying precious metals easier, safer, and more transparent," said Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures. GIF89a����!�,D; 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo The company said purchases can be completed in under three minutes using a variety of payment options, including UPI and debit/credit cards. In the lead-up to Akshaya Tritiya , Aspect Bullion has unveiled that it has the first bullion vending machine in Mumbai. Live Events The company said the bullion vending machines have been indigenously developed by it. The machines will be placed at high-footfall locations such as major malls, airports, temples.
Hans India
29-04-2025
- Business
- Hans India
Aspect Bullion to roll out 50 gold, silver vending machines soon
Hyderabad: Mumbai-headquartered Aspect Bullion and Refinery, a division of Aspect Global Ventures, announced its plan to roll out 50 gold and silver vending machines in the next 12-18 months. These bullion vending machines, indigenously developed by Aspect Bullion, will be placed at high-footfall locations such as major malls, airports, temples, and airports. In the lead-up to Akshaya Tritiya, Aspect Bullion unveiled its first bullion vending machine at R City Mall, Ghatkopar, Mumbai. The service is live till May 4, 2025. Each vending machine will offer a curated range of gold and silver coins and bars. The machines are equipped with real-time market pricing, wherein customers can view live rate updates at the point of purchase. Aspect Bullion will be opening another store in Mumbai and begin exploring franchise opportunities to enter new States across India. Aksha Kamboj, Executive Chairperson, Aspect Global Ventures, said: 'We have launched India's first bullion vending machine, and we believe this will change how consumers buy precious metals, especially during important occasions like Akshaya Tritiya.' Kamboj further said that the machines feature biometric authentication, live CCTV surveillance, backend tracking, and robust anti-tampering technology. 'Purchases can be completed in under three minutes using a variety of payment options, including UPI, Google Pay, and debit/credit cards. A digital and printed receipt is provided instantly, making the process seamless,' she added.
