Latest news with #PrithvirajKothari
Mint
07-05-2025
- Business
- Mint
US Fed meeting: Gold-silver ratio hits 102; is it the right time to buy gold, or silver ?EXPLAINED
US Fed meeting 2025: Gold prices declined on Wednesday due to reduced demand for safe-haven assets, driven by growing optimism over U.S.-China trade negotiations, ahead of the Federal Reserve's policy announcement later in the day. As of 0628 GMT, spot gold was down 1.2% at $3,389.37 per ounce, after rising nearly 3% on Tuesday. Investor focus is on the upcoming Federal Open Market Committee (FOMC) meeting, where the Federal Reserve is anticipated to maintain current interest rates, with Chair Jerome Powell set to speak afterward. Markets are estimating in a total of 80 basis points in rate cuts this year, beginning in July. 'With the US Fed meeting tomorrow, markets are eager for indications regarding rate cuts or monetary policy easings, which could affect both gold and silver. If the Fed indicates taking cuts, gold would likely stay strong, but silver will likely take on a greater role, as the interplay between industrial and precious metals comes into play,' said Prithviraj Kothari, Managing Director of RiddiSiddhi Bullions Limited (RSBL). The gold and silver ratio has reached 102, which implies that gold is much more expensive compared to silver, and history says silver is underpriced compared to gold. Investors employ this ratio to consider which metal might generate superior upside potential. Often, a larger ratio indicates silver can outperform should there is a reversal. 'Gold and silver are at a crucial point, just a day before the Fed reveals its decision. Gold has bounced back impressively, gaining back about $150 in just two days. The gold-silver ratio hit 102, but that's still lower than the recent 105 level we saw in early April after Trump's reciprocal tariff remarks,' said Rahul Kalantri, VP Commodities at Mehta Equities Ltd. Experts believe that its tough to call where gold and silver price are headed right now due to several recent geopolitical developments, including rising tensions between India and Pakistan, and renewed conflict between Israel and Gaza. 'If gold can hold above $3420 (spot), we might be looking at a strong rally—possibly 5–7% higher. On the downside, only a drop below $3280 would signal fresh weakness. Silver's still lagging, largely because industrial metals are weak. For traders, $34.50 is the key level for silver—get a close above that, and we could see it push toward $36.40 or even $37.80,' Kalantri added. According to Prithviraj Kothari of RSBL, silver currently has has more risk-reward potential right now. ' If you are a long-term investor or an investor who prefers a higher growth potential, silver has more risk-reward potential right now. But gold is the better choice as a stable investment and a safe-haven. Generally, diversifying into both investments, gold and silver, with a tilt towards silver, may be wise at this stage,' he added. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
02-05-2025
- Business
- Time of India
Nexus Developments Australia, JITO Apex, Victorian Chamber of Commerce and Industry launch five-city roadshow for bilateral opportunities
The Victorian Chamber of Commerce and Industry, in partnership with Nexus Developments, JITO Apex, is launching the Australia–India Trade Roadshow 2025, a dynamic and forward-looking initiative set to tour five of India's most vibrant commercial centres. Anchored by the transformative Australia–India Economic Cooperation and Trade Agreement (AIECTA), this roadshow brings together business leaders, policymakers, and innovators to explore new trade pathways, decode market entry strategies, and encourage co-investment in high-growth sectors. It will take place in Hyderabad, Mumbai, Ahmedabad, Delhi and Surat. #Pahalgam Terrorist Attack Pakistan reopens Attari-Wagah border to allow stranded citizens in India to return Key Jammu & Kashmir reservoirs' flushing to begin soon Air India sees Pakistan airspace ban costing it $600 mn over 12 months With curated sessions tailored to drive meaningful dialogue and actionable outcomes, the event aims to strengthen bilateral ties and spark the next wave of Australia–India economic collaboration. The Victorian Chamber of Commerce and Industry has highlighted nine priority sectors with which it can explore opportunities with India: food and agribusiness, education, digital technology and innovation, tourism, arts and entertainment, sports, environment, sustainability, and energy, health, beauty, wellness, and personal care, and manufacturing and engineering solutions. Here are the eminent personalities who will be present at the multi-city roadshow: Prithviraj Kothari, Chairman, JITO Apex Vijay Bhandari, President, JITO Apex Pradeep Goyal, Chairman, Pradeep Metals Dr SK Chaddha, Hinduja Group Ramesh Jain, Chairman, GM Modular Hitesh Doshi, Chairman, Waree Group Ram Chandra Chowdhary, Chairman, Ajmer District Milk Cooperative Union Rohin Agarwal, Head, ASEAN and Oceania, CII Dharmendra Patel, Aussizz Group The Victorian Chamber of Commerce and Industry envisions a strong, enduring partnership between the Indian and Australian economies and societies— one built on mutual respect, shared opportunity, and a commitment to joint prosperity. It will chart out a development plan for: Live Events Strengthening connections for a meaningful and inclusive relationship Enhancing strategic economic co-operation for the mutual prosperity of India and the state of Victoria Deepening bilateral education, innovation, and technology ties for a vibrant knowledge economy. Designed for business leaders, entrepreneurs, and investors, this high-impact series of events is a unique platform to explore new trade opportunities, forge strategic partnerships, and gain insights into market expansion under the AIECTA framework. Whether you're looking to establish your footprint in Australia or tap into India's rapidly-evolving economy, these roadshows will equip you with the knowledge, connections, and momentum to drive real growth. Register now to secure your spot and take the next step in building cross-border success. For Hyderabad, register here For Delhi, register here For Mumbai, register here For Ahmedabad, register here For Surat, register here
Mint
29-04-2025
- Business
- Mint
Akshaya Tritiya 2025: Gold price jumps ₹68,500 in 10 years. Is it the right time to buy gold?
Akshaya Tritiya 2025: Gold purchases have traditionally been an integral part of Akshaya Tritiya celebrations for millions of Indians, symbolising prosperity and good fortune. In the last 10 years, gold prices have surged by over ₹ 68,500 per 10 grams, if one were to compare the levels from Akshaya Tritiya in 2015 to those in 2025, according to a study by HDFC Securities. If one had bought gold on Akshaya Tritiya in 2019 also, when prices were at ₹ 31,729 per 10 grams, they would have amassed a massive gain of 200 per cent on their investment. Meanwhile, the precious metal has seen a sharp rally of over 30 per cent since last Akshaya Tritiya, when it was trading at ₹ 73,240 per 10 grams, as per Ventura Securities. Gold prices have experienced a strong upward trend since mid-2024, driven by growing policy uncertainty and concerns about the economic outlook in major global economies, prompting increased investor demand. Experts say that despite sky-high gold prices, which are hovering around ₹ 1 lakh for 10 grams, consumer sentiment ahead of Akshaya Tritiya 2025 remains strong. Prithviraj Kothari, Managing Director of RiddiSiddhi Bullions Limited (RSBL), says that high prices have changed consumer behaviour, with buyers opting for lighter-weight jewellery and coins, rather than heavy jewellery. 'Retailers report solid footfall, particularly in southern India, where the festival is culturally important. That said, high prices have changed consumer behaviour, with buyers opting for lighter-weight jewellery and coins, rather than heavy jewellery,' said Kothari. Jewellers, on the other hand, are making lucrative offers like lighter jewellery (gold items made with 1 – 1 ½ sovereigns instead of 2 sovereigns) and exchange of old jewellery for full value. 'Jewellers are responding to high pricing by announcing new collections, discounts on making charges and promoting silver jewellery. While volumes of gold may decline, the overall value of gold sales is likely to remain constant or increase, with high pricing and careful promotional activity accounting for the additional value,' he said. Deveya Gaglani, Senior Research Analyst- Commodities, Axis Securities, recommends investors to purchase gold in a staggered manner on the festive day. 'As gold prices have surged and are approaching overbought levels, we recommend that investors consider buying gold in a staggered manner if prices correct by 5-10%. Currently, the risk-reward ratio is unfavourable at these record levels. In a bullish scenario, if prices hold above 100,000, they could reach 110,000 by the next Akshaya Tritiya. Conversely, we expect prices to consolidate around the 87,000 level on the downside,' Gaglani said. Meanwhile, brokerage firm Motilal Oswal recommends investors to continue to follow 'buy on dips' strategy. Herein, investors can start accumulating near mentioned support zone for the long term targets of ₹ 1,06,000. Technically, from a medium to long-term perspective, MOFSL sees support near ₹ 90,000-91,000 and resistance near ₹ 99,000. Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd said, 'Demand and supply factors historically have not directly made an impact on gold prices, and especially in a scenario where there are more overpowering uncertainties present in the market. Gold prices have posted a sharp rally over the last couple of months, hence some cool off in prices cannot not be ruled out. There are both positives and negatives for Gold prices at this juncture, mixed economic data points, tariff war, higher inflation expectations, rise in slower growth concerns, rate cut expectations, geo-political tensions, concerns regarding rising debt, increase in demand and fall in US Yields could act as tailwinds for prices. Any updates regarding ease off in above uncertainties could put further pressure on bullion.'
Mint
29-04-2025
- Business
- Mint
Akshaya Tritiya 2025: Gold price jumps ₹68,500 in 10 years. Is it the right time to buy gold?
Akshaya Tritiya 2025: Gold purchases have traditionally been an integral part of Akshaya Tritiya celebrations for millions of Indians, symbolising prosperity and good fortune. According to data from HDFC Securities, gold prices have surged by over ₹ 68,500 over the past 10 years, comparing levels from Akshaya Tritiya in 2015 to those in 2025. Gold has experienced a strong upward trend since mid-2024, driven by growing policy uncertainty and concerns about the economic outlook in major global economies, prompting increased investor demand. Precious metal has seen a sharp rally of over 30 per cent since last Akshaya Tritiya, which were trading at ₹ 73,240 per 10 grams, as per Ventura Securities report. It has delivered a 200 per cent return from its 2019 Akshaya Tritiya price of ₹ 31,729 per 10 grams. Experts say that despite sky-high gold prices hovering around ₹ 1 lakh for 10 grams, consumer sentiment ahead of Akshaya Tritiya 2025 remains strong. Prithviraj Kothari, Managing Director of RiddiSiddhi Bullions Limited (RSBL) says that high prices have changed consumer behaviour, with buyers opting for lighter-weight jewellery and coins, rather than heavy jewellery. 'Retailers report solid footfall, particularly in southern India, where the festival is culturally important. That said, high prices have changed consumer behaviour, with buyers opting for lighter-weight jewellery and coins, rather than heavy jewellery,' said Kothari said. Jewelers on the other hand are making lucrative offers like lighter jewelry (Gold items made with 1 – 1 ½ sovereigns instead of 2 sovereign) and exchange of old jewelry for full value. ' Jewellers are responding to high pricing by announcing new collections, discounts on making charges and promoting silver jewellery. While volumes of gold may decline, the overall value of gold sales is likely to remain constant or increase, with high pricing and careful promotional activity accounting for the additional value,' he said. Deveya Gaglani, Senior Research Analyst- Commodities, Axis Securities, recommends investors to purchase gold in staggered manner on the festive day. 'As gold prices have surged and are approaching overbought levels, we recommend that investors consider buying gold in a staggered manner if prices correct by 5-10%. Currently, the risk-reward ratio is unfavorable at these record levels. In a bullish scenario, if prices hold above 100,000, they could reach 110,000 by the next Akshaya Tritiya. Conversely, we expect prices to consolidate around the 87,000 level on the downside,' Gaglani said. Meanwhile, brokerage firm Motilal Oswal recommends investors to continue to follow 'buy on dips' strategy, herein investors can start accumulating near mentioned support zone for the long term targets of ₹ 1,06,000. Technically, from medium to long term perspective MOFSL sees support near ₹ 90,000-91,000 while, resistance near ₹ 99,000, the brokerage firm said. Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd said, 'Demand and supply factors historically have not directly made an impact on gold prices, and especially in a scenario where there are more overpowering uncertainties present in the market. Gold prices have posted a sharp rally over the last couple of months, hence some cool off in prices cannot not be ruled out. There are both positives and negatives for Gold prices at this juncture, mixed economic data points, tariff war, higher inflation expectations, rise in slower growth concerns, rate cut expectations, geo-political tensions, concerns regarding rising debt, increase in demand and fall in US Yields could act as tailwinds for prices. Any updates regarding ease off in above uncertainties could put further pressure on bullion.' Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions. First Published: 29 Apr 2025, 12:52 PM IST
Time of India
26-04-2025
- Business
- Time of India
Gold's record-breaking surge likely to face headwinds as analysts advise caution
Gold prices have rallied sharply in 2025, scaling historic highs amid a confluence of supportive factors such as central bank purchases, persistent inflationary concerns, and escalating geopolitical tensions. The precious metal briefly touched $3,500 per ounce three days ago, marking a stunning year-to-date (YTD) gain of 32%, before paring some gains to a YTD increase of 26% as of today. The surge has been driven by a mix of factors. Central banks globally have accelerated their gold buying, partly as a hedge against a weakening dollar and inflation risks. Meanwhile, heightened global uncertainties, from trade disputes to regional conflicts, have strengthened gold's appeal as a safe-haven asset. However, market experts are beginning to sound a note of caution after the metal's blistering rally. Prithviraj Kothari, Managing Director of RiddiSiddhi Bullions, warned that "gold may be showing early indications of weakness following its tremendous surge to record highs." While he affirmed that long-term fundamentals remain robust—"driven by central bank purchases, inflation fears, and geopolitical tensions"—he pointed out that "short-term momentum may stall." According to Kothari, "All of the negative news from the tariff war and forecasts of U.S. rate cuts have already been priced in, limiting any upside unless new catalysts materialize." He added, "If economic data improves or geopolitical threats diminish, gold may suffer pressure." Live Events Nevertheless, he tempered the caution by stating that it is too early to proclaim a major reversal—any drop could simply be a pause in a longer-term bullish trend, and estimated that if there is no new trigger in the market for a while, prices may fall by 5-6%, reaching Rs 90,000 in the immediate term. Tata Mutual Fund also recently highlighted the potential for short-term corrections, noting that "gold has surged more than 25% in the past six weeks, and historically, such sharp rallies tend to consolidate over a 3–5 month window." Sahil Shah, CIO and Fund Manager at Equirus Asset Management, echoed similar sentiments. Shah emphasized that "gold has undoubtedly been a standout performer in recent years, traditionally seen as a hedge against volatility." However, he pointed out a key shift in market dynamics: "Interestingly, the usual negative correlation between gold and equities has not held consistently, especially given increased central bank interest in gold as a reserve asset." Further explaining the macro backdrop, Shah said, "some central banks have refrained from adding USD reserves in recent times, shifting their focus toward gold." But with trade tensions expected to ease and negotiations likely to commence soon, he cautioned that if the US dollar regains its position as the preferred reserve currency, gold could stabilize or even retreat. "In such a scenario, gold may underperform after a stellar run," Shah concluded. "Thus, while it remains an important part of a diversified portfolio, significant new allocations may need to be approached cautiously." While gold's long-term appeal as a hedge against uncertainty remains intact, analysts caution that the recent surge may be difficult to sustain without fresh catalysts. With signs of consolidation emerging and global economic dynamics shifting, investors are advised to remain vigilant and adopt a measured approach when considering new allocations to the precious metal. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
