Gold award for the Income Tax Department

The Income Tax Department has been awarded GOLD by the Government of India under category “Cat-I-Excellence in Government Process Re-engineering” for National Award on e-governance 2014-15. The award has been conferred for “TDS Reconciliation Analysis & Correction Enabling System (TRACES)” project launched by the Department.

The Project marks a major step in ensuring TDS compliance through the processing of TDS returns and comprehensive data processing of TDS statements using technology driven end-to-end processes. At present 15 Lakh deductors and 2.5 crore tax payers are using various e-enabled online services through the CPC (TDS).

The award was presented today during the 18th National Conference on e-governance held at Mahatma Mandir, Gandhinagar, Gujarat. This third award on e-governance to the Income Tax Department in the last 5 years speaks volumes about the commitment of the Department to e-governance and to move towards a non-adversarial and tax-payer friendly regime.

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Embrace the ethnicity with a fascinating medley of festive jewellery

With the heavy traditional clothing worn on festivals, it is rather difficult to put on those long kept gold necklaces.

Eristona brings to you a solution to this with a heavy look yet light weight traditional range of accessory.

This festival flaunt your traditional outfit with a mix of contemporary fashion jewellery by the latest collection at Eristona.com.

Eristona is the epitome of affordable and effortless style founded by Shagun Chadha.

Carefully curated over countless hours and days, it consists of the perfect blend of pieces, all inspired by people and places from various parts of the world.

It blends contemporary styles with the age-old concept of personal adornment.

Consider this website your one stop shop to all baubles beautiful and affordable.

With the perfect blend of traditional and chic modern designs, glamorous yet very wearable – her collection ranges from Ethinc to New-age, and girlie to elegant pieces.

Earrings divided by dangling, neck pieces, bracelets & rings are some signature designs from ERISTONA.

A color fiesta can be seen through the vast palette used in Eristona's trademark color blending and blocking techniques.

A wide range of pastels and primary color tones are complemented with metallic hues, neons and antique textures to appease the contemporary Indian woman.

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Get More on Gold Loan from NBFCs

People those want to get the loan from the Non-Banking Financial Companies (NBFCs) would borrow more against the value of their gold, as the Reserve Bank of India (RBI) on Wednesday has allowed NBFCs to lend up to 75 per cent of the value of metal from 60 per cent at present.

The apex bank has allowed the NBFCs to lend up more against gold in a view to moderate the gold loan portfolios of these companies.

The gold loan would be a secure way to get loan for the people those want to borrow money from the banks and non-banking financial institutions. Earlier the RBI had allowed the NBFCs to avail 60 per cent of the value of the gold now that has been increased by 15 per cent making it to 75 per cent.

However, the value of the gold would be considered barring the other cost elements like making charges.

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Gold Price Plunges to 31 Months Low

The gold price tumbled tumble to 31 month low on Monday, the first day of the week, due heavy selling by the stockists. The weak cues from the foreign market had hit hard on the sentiments of the investors those were anticipating a gain from the safe investment yellow metal – gold.

The equity market in India has been signing and the investors have been confident getting around five to six per cent guaranteed income from their investments in the stock market. But when it comes to investing in the gold, rattled investors due the fluctuation in the price have been keeping looking other safe alternative portfolios instead of the gold.

In India the gold price was at Rs 26,370 per 10 grams on Monday and sliver was also being sold at price of Rs 42,170 per kg. The gold and silver prices were declined by Rs330 and aRs1530 respectively. Recently, the people of India had purchased good ornaments and gold coins on the occasion of Akshya Tritia on May 13, 2013. The day is being considered favourable to purchase good, which would bring fortune to them.

At the end of 2013 and beginning of 2013, the gold was traded at highest prices and was considered as safest investment. But the mid of 2013 has brought the gold to 31 months low prices and the further weak signal from the foreign markets could plunge it further to a new low level.

Considering possibility of further slip in the gold prices, traders and investors have been waiting a good call to purchase and hoard the gold for future trading.

Updated News:
On Tuesday, the gold price recovered from the steep fall recorded on Monday, the gold price went up by Rs.Rs 680 to Rs 27,050 per ten grams in the bullion market.

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Gold up by Rs 173 in Futures Trade

The yellow metal continued its recovery for the third consecutive trading session on Monday and increased by Rs 173 to Rs 26,220 per 10 gm in futures trade.

Globally, gold climbed 1.14 percent or USD 16.10 to USD 1,422.60 per ounce.

Analysts said that "Besides, rising physical demand at current levels, covering-up of short positions by speculators, helped gold prices to rise at futures trade here, recovery in the global markets as investors enlarged positions, taking advantage of the biggest plunge in prices in three decades, helped gold futures to extend its recovery move at futures trade.”

Increasing demand in the present levels, in the domestic spot market, has also influenced prices, they added.

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The see-saw game of Gold and its Buyers

By Jyoti Parida

Gold (graceful oldest luxury on demand) what we can say more about it is one the most beautiful gifts from nature to us. It can be also known as a luxury good. This yellow metal which was touching the sky a few days before has come down to become a part of jewelry for a common man. The gold has chosen a right time for its lovers because of the marriage season and the auspicious Akshay Tritia( occasion for buying gold) is ahead.

The going down prices of yellow metal can lead loss or profit to the companies. The gold loan companies & the buyers who have purchased before will have to bear the loss and the buyers who are purchasing now will gain profit. Experts are giving their own views like Gold in India is also expected to go up due to physical demand & others say it will touch 25000 per 10gms. But nothing is sure now, just we have to wait for tomorrow.

India is the world’s largest single consumer of gold, as Indians buy about 25% of the world’s gold, purchasing approximately 800 tons of gold every year; mostly for jewelry. The falling prices of the metal have grown the eagerness of the Indian buyers more and more. When the gold prices were high the no. of its buyers was low and now it has become vice-versa. Let’s wait and watch the game and also who maintains to remain still, on the higher or lower side.

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Gold Price Dips

Who will consider a safe investment, when the price of the gold hit back to 30 year low on  a single day? The price of gold has been going down for last couple days and the fall may continue. 

The yellow metal yesterday has seen its biggest one day drop, in more than thirty years. The prices of gold have declined to 9%, which is the lowest price. The price of gold plunged $140.30 to $1,361.10 an ounce, and has dropped $200 an ounce, in the last two trading days. The selling begun when the government reported a drop in inflation.

The investors have been looking for alternative to golds to invest, but the gold customers are not in mood to leave the chance to buy the gold at low price.

It is reported, that people have been rushing to purchase gold in all most cities as the gold price significantly went down in last few days. With festival seasons around in the eastern states of India, it is the perfect occasion for the gold lover to buy gold and hoard it for some time, as it may the price of gold may touch the sky again, who knows.

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Gold Jewellery Prices Likely to Get Cheaper

In a short term, Gold jewellery is likely to get cheaper. The gold prices in the country, are expected to slide over in the next three or four months. Analysts said Prices of Gold touched a 10-month-low of Rs 29,470 per 10 grams in Delhi on Thursday.


According to what analysts say, gold prices will continue to proceed in the negative direction. Even domestically, as the marriage season over, demand for physical gold is expected to be less, keeping prices low.

In the coming term, Gold prices are expected to see a fall as low as Rs 28,400 according to the experts.

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Gold Futures Price dips

The gold futures prices dipped to Rs 30,732 per 10 grams  due weak global market cues on Wednesday. Following the sharp fall in the gold price, the gold features dipped by arournd 0.40 per cent.

Photo Credit: bullionstreet.com

It is believed that further fall in the gold price might have impact on the futures at the commodity market. And it will also  hamper the sentiments of the investors at the Multi Commodity Exchange over purchasing gold lots.

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Commemorate the auspicious occasion of Eid with eternal white platinum jewellery

Press Release

2 August, 2012: Celebrate the conclusion of the last day of Ramadan with the white luster of platinum jewellery. The pure metal’s eternal and everlasting qualities make it an ideal choice to celebrate the special occasion of Eid. The denser, heavier and stronger attributes of platinum makes it the most desired metal amongst the men. The natural white colour of platinum does not fade or tarnish with time and thus can be treasured for a lifetime.



Platinum appeals to the man’s sense of practicality as the metal withstand the rigors of daily wear. It is a highly precious and valuable metal and therefore satisfies the price and value consideration as platinum offers the wearer exclusivity and unmatched status.

The platinum range for men includes charismatic rings, striking bracelets and chains, just right for men of style. Textured platinum rings with smart patterns studded with flush set diamonds, in a subtle matte finish to add that extra dynamism to the ring. Geometric designs in bracelets, crafted with alternating matte and high polish links resulting from sheer genius. The platinum collection also includes light weight platinum chains, handsomely crafted for masculine sensibilities.



In order to assure consumers of the purity of platinum jewellery, Platinum Guild India Pvt. Ltd. has appointed Underwriters Laboratories (UL Inc, USA) to audit and monitor its Quality Assurance Scheme. Under this scheme, all authentic platinum jewellery in India comes with a Quality Assurance Card and bears the purity hallmark of “Pt 950” stamped inside the piece. This also serves as an assurance of a ‘buy back’ programme.


For further information, please contact:
Atul Malikram
9827092823

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FM rolls back excise duty on gold jewellery

Business News: Jewellers in India have been opposing the levy of excise duty on branded or unbranded gold jewellery, now they have some reason to smile with the Finance Minister declaring roll back today.

budgetary proposal of levying excise duty on gold items has been rolled back by the government of India. The impact would be positive in the market; this could boost the gold import into India.

The jewellers were went on 21 days strike opposing the excise tax on branded or unbranded gold items. The withdraw will be with effect from March 17.

The Finance Minister has also declared to differ the the general anti-avoidance rules (GAAR)by one year. Markets rebound from the loss to gain following the GAAR clarification from the government. The sensational index -BSE Sensex closed at 16913 with 82 points up and the Nifty closed up 27 points at at 5114.

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BSE gains 300 points

The Bombay Stock Exchange (BSE) has gained 300 points on Monday bouncing back from the last week losses. The foreign sentiments helped the market to have confidence. The European stocks were are also seen in green on the first days of the week.

The impact of the debt crisis has weighed high on Indian stock market. The country would be celebrating the biggest festival of Diwali in couple of days, and the bouncing back would be good reason for the the investors to celebrate and bestow their confidence.

However, in India, gold has been the favorite option in terms of investment during the time of Diwali and Dhanteras, the special occasion where people choose to invest to in gold.

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BSE Sensex slips 328 points, Gold shines 28k/10gm

The BSE Sensex tanked 328.12 points to close at at 16,141.67 or 1.99 per cent down on Friday. The Sensex plunged to lowest level of 25 May 2010 on Friday due the fear of recession in the world economy.

Worried investors choose gold and silver as safe option to invest. The gold rate on Friday touched to the all-time high of Rs 28,000 per 10 gms in bullion market. On the other hand, Nifty lost 98.50 and closed at 4845.65 points down 1.99 per cent .

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Bullion Market: Gold price rises and Silver price at all time high

The gold price in India has been increasing day by day. Today the gold price touched to Rs 21,050 per 10 grams while the silver price rose to all time high of Rs 45,500 per kg.

The demand of the gold and silver has been high in India. The demand and supply forces in Indian market have been weighs high on the gold and silver prices.

There is high demand for gold and silver from industrial units, coin makers and households. The investors are also considering the investment in gold as safest investment and there is assurance of high returns with less risk involve. As the bullion market has been on the top priority list of every investor.

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Gold and Silver Prices up in Indian Bullion Market

The celebration of Dhanteras and Diwali over in India, but there is high surge in the gold and silver price in Indian bullion market.

Gold price rose around Rs 235 per gram and the price for 10 grams pure gold in India would now cost around Rs 20,335.

The demand for silver is also high in Indian bullion market, the price of silver all time high at Rs 39,900 per kg.

The price of silver up by around Rs 1000 in Indian market.

The investment in gold has been the best option for investors and the high in gold price can deliver highest returns.

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