With gold prices nearly doubling in a year, Muslims in Hyderabad are set to contribute significantly more Zakat this Ramzan. Zakat, one of Islam’s five pillars, requires 2.5 percent of annual savings to be given to the needy. Religious leaders emphasise its obligatory nature, regardless of rising costs.
Hard to resist is the lure of gold. Whether as an embellishment to show off or quietly tuck away as investment, the precious metal happens to be the choice of most.
On the Multi Commodity Exchange (MCX), 24-carat gold April futures rose by 0.21 per cent, touching Rs 86,875 per 10 grams. The surge in gold prices is mainly driven by global instability
In the past four months, the prices of yellow metal have been volatile, reaching as high as Rs 75,000 and dropping to as low as Rs 72,000. The current upward trend suggests that prices may soon hit Rs 78,000.
New Delhi: Gold rates had been strengthening since yesterday. Before Saturday, the bullion market was not looking up for some time, however, the markets turned around yesterday and started strengthening. Due to the auspicious hours timing, Dhanteras is being celebrated on two days which led to an upward trend in market leading to shine back […]
Hyderabad: Demand for gold reached 1,147 tonnes in Q4 2021, its highest quarterly level since Q2 2019 and an increase of almost 50 per cent year-on-year, according to the World Gold Council. The World Gold Council’s latest Gold Demand Trends Report revealed that annual demand (excluding OTC markets) has recovered many of the Covid-induced losses […]
