Today all Gold ETF’s can be traded without any transaction fee , its like no wastage charge for gold today in ETF’s also . Already gold went to the peak price week before and its kind of down from that moment on and i’m thinking it might go down a little after today.
Goldiam International Ltd has informed the market that it has bagged order worth 1 Million Dollar from US for Diamond Studded Jewelery, this is after the single export order worth US$ 6 million (approximately Rs. 27 crores) for diamond studded jewellery as intimated on November 02, 2010.
Shree Ganesh Jewellery House Limited has informed the market that it has orders worth Rs. 508.00 crores for manufacture and export of gold jewelleries, from Company’s various overseas buyers. These orders are to be executed within the current financial year i.e. FY 10-11.After hearign this news this counter saw some raise.
Gold Price which has already seen its heights for some time now would reach new heights, As we all know that government has proposed a 50 per cent hike in custom duty on precious metals, including gold and silver. Which is like increase from Rs 200 to Rs 300 per gramme on gold almost 100 rs per 10 grams increase and On silver its from the current Rs 1,000 to Rs 1,500 per kilo. This for sure has to be sent directly to the retailers , so in a week or so we can see the price going up by 10 to 20 rs per gram.
Precious Metals – Budget 2010 Impacts
>On gold and platinum from Rs.200 per 10 grams to Rs.300 per 10 grams
>On silver from Rs.1,000 per kg to Rs.1,500 per kg.
> Basic customs on Rhodium – a precious metal used for polishing jewellery reduced to 2 per cent.
> Basic customs duty on gold ore and concentrates reduced from 2 per cent ad valorem
to a specific duty of Rs.140 per 10 grams of gold content with full exemption from
special additional duty. Further, the excise duty on refined gold made from such
ore or concentrate reduced from 8 per cent to a specific duty of Rs.280 per 10
Flawless Diamond (India) Ltd has informed the market that the company has bagged order from CALDAZ FZC, Dubai for Polished Diamond / Designer Jewelery, which is worth INR 256 Million which is equivalent to 2560 lac INR or 25.60 crore.The order will be completed in 180 days or so . The stock went up on news but closed below opening price.
Flawless Diamond infromed the market that they have bagged order worth 18 crore from Sidhh Jewellers, Dubai.The stock price dint show much sign ,but went from days low to days high.
Flawless daimond has informed the market that it has received 2 orders worth 320 million rs and the order has to be finished in 180 days.
1.Malay Impex Hong Kong – 185 Million rs.
2.Madrid Impex FZE – Dubai – 135 Million rs.
Flawless Diamond bagged two orders worth 11 crores today its for the same old buyers with whom they had trades before.After they infromed the market it was hitting the upper circuit , but the stock closed just 1.8 percent up at closing.
Flawless Diamond India touched upper limit of 5 percent but closed the market just above 3.89 percent ,this all happened when the Company has received order for it’s Designer Jewellery from (1) Tsutsumi Jewellery Co Ltd from Japan worth INR 240 Million and (2) Brilliant Gems Inc USA worth INR 96 Million. the execution time for these orders are 4 months.These orders are worth around 33 crores.
Here is the List of Gold ETF that is available in India and you can see the performance of each Fund since the launch , Over here every single ETF represent 1 Gram of Gold except Quantum Gold Fund which is 1/2 a Gram of gold , and we can go on arguing why the rate for every Gold ETF is not the same as they represent 1 gram of gold its just because of varying operating expenses and cash component and other inner expenses involved in trading the ETF .
|Kotak Gold ETF
|UTI Gold ETF
|Reliance Gold ETF
|Gold Benchmark ETF
Hi all , i have just added links to Daily Indian gold price , oil price per barrel and also whats the rate of rupee when it comes to US Dollar , so have added all the three as pages on the main menu, if you see this image you can easily identify.
Flawless Diamond informed the market that it has bagged two export orders worth Rs 31.50 crore from Hong Kong and Dubai. The Stock got noticed and it went up by almost 10 percent today.This is like one of the stock which can be considered good investment in gold and diamond sectors.The current price of 55 to 56 rs is just PE multiple of 2.76.considering the annualized eps of 21 .
Flawless Diamond India Ltd has informed the market that they have received Two Prestigious Order for its newly launched Designer Jewellery.
1. First Order received from Diambel N.V., Belgium for its AUM Signature and AUM Star Series of Designer Jewellery worth Rs 192 Million.
2. Second Order received from Malay Impex, Hong Kong for its AUM Ethereal and AUM Galaxy Series of Designer Jewellery worth Rs 234 Million.
Gitanjali Gems through it subsidiary Gitanjali Lifestyle limited has acquired three company i various fields but something to deal with gold , the company is as follows.
RENAISSANCE RETAIL VENTURE PVT LTD : It was sold by renaissance Jewellers , they deal with retail shopping for jewels.
MOHAR JEWELS LTD : They deal with gold loans.
Trinity Watch Company Pvt Ltd : They with Wtahc Sales under its premium brand IRIS.
Yesterday we saw some stocks that really benefit from Raiulway budget today , even before the Budget i have some recommendations like in the Gems and Jewels section , almost every analyst are looking for a Excise Duty cut for Gems and Jewels , So if thats the case that will increase the Revenue by reducing the spendings , these stocks will benefit from any measure like that.
Just did some analysis and these stocks look good fundamentally also
Classic Diamonds (B1) 80.75
Gitanjali Gems (B1) 302.35
Shrenuj & Co (B1) 51.80
Su-RajDiamonds&Jewel (B1) 64.30
Suashish Diamond (B1) 245.05
Flawless Diamond (B2) 75.35
Golkunda Diamond (B2) 15.35
Rajesh Exports L (B2) 120.45
Shyam Star Gems (B2) 116.80
Rajesh Exports Ltd has informed BSE that the Company has bagged a mega order worth Rs 743 crores of gold jewellery from Gold Star Jewellery, Singapore.I had earlier recommended 2 days back after the company posted a very good profit .
Gitanjali Gems Ltd has informed that D’Damas Jewellery (India) Pvt Ltd, a joint venture Company, has become the Company’s 51% subsidiary.
Reliance Money, the stock broking arm of Anil Dhirubhai Ambani Group, is now foraying into retailing of its own brand of gold coins, which would be made exclusively by Swiss precious metal refining major Valcambi.