Rs 91,000/10g: Gold hits historic high ahead of wedding season
Gold prices in Nashik and Jalgaon have reached a historic high of Rs 91,000 per 10 grams due to international factors influencing the market. Buyers from Maharashtra, Gujarat, and MP flock to Jalgaon for high-quality gold and exceptional craftsmanship. Despite rising prices, gold remains a favored investment, especially during the wedding season.
Equity mutual funds lost up to 6% last week, international funds lead laggards
Equity mutual funds fell up to 6% last week, with Motilal Oswal Nasdaq 100 FOF losing the most. Tech and global funds were major losers, while 463 schemes declined and some gained up to 2.77%.
Why Warren Buffett turns to a 19th-century poem when markets slide
Warren Buffett advises investors to stay calm amid market volatility, quoting Kipling’s poem “If.” With Nasdaq in correction and recession fears rising, he sees downturns as buying opportunities. Historical data supports patience, as bear markets average under 10 months. Buffett urges disciplined investing and long-term focus.
Brokerage blues: Why Hemang Jani suggests weighing your options with AMCs
Hemang Jani advises investors to avoid brokerage firms like BSE due to market uncertainties and unclear growth prospects. He recommends asset management companies and wealth management firms as more stable investment options, citing strong mutual fund inflows and resilience among select financial players.