Samantha to do it for Prince Jewellery

Popular actress Samantha will inaugurate Ancient Secrets Antique Jewellery Exhibition and Sale of Prince Jewellery in Chennai on Friday (July 11).

The expo, which will feature arrays and arrays of antique jewels, will be on at Prince Jewellery's Cathedral Road showroom in the heart of Chennai.

The 'Neethane En Ponvasantham' and 'Naan Ee' actress will inaugurate the expo at 6.30 pm on Friday. On the occasion, she is expected to wear some beautiful jewels of Prince.

Prince Jewellery, one of the leading jewellers of Chennai, is currently in its 31st year. It has got showrooms in Bengaluru and Thiruvananthapuram. The showrooms are open on Sundays also.

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Shilpa Shetty enters gold biz

Bollywood actress Shilpa Shetty has ventured into gold business with Satyug Gold Pvt Ltd. The company has launched a new Gold plan called 'Satyug Mera Gold Plan’ (www.satyugmgp.com) in which customers can buy gold from just Rs 50 a day.


All due diligence and back office for Satyug Gold will be managed by Karvy Computers.
“It gives me great pleasure to launch the Satyug Mera Gold Plan a smart and efficient way for the people in India to buy gold in a systematic manner. Our key features are unique and we have our own consistent supply of gold direct from the mines through our own refinery in India that keeps our pricing very competitive. Along with my team we have spent days and nights in putting together a plan that is regulatory compliant, efficient and effective for the consumer. Welcome to the satyug mera gold plan.”  says CEO Raj Kundra (Shilpa Shetty's husband).

“Gold has always been an important part of our culture and a safety haven when markets become turmoil. We have seen Gold give good returns in the past years and above all is a very liquid asset. Now through my company Satyug I introduce ‘Mera Gold Plan’ making gold buying much more affordable, easier and 100% safe. I thank IDBI and Brinks for tying up with us in this innovative Gold Plan initiative and look forward to a long association”, said Shilpa Shetty Kundra, the company's chairperson.

“We are associated with Satyug Gold Private Limited as Trustees,” said Subrat Udgata, VP, IDBI Trusteeship Services Limited “We are pleased to be associated as a strong front office and back office service provider for Satyug Gold. We believe that our pan India network coupled with a strong technology platform would help provide a high level of customer service for their investors. We wish Satyug Gold the very best”, said V Ganesh, CEO of Karvy Computershare Pvt Ltd.


Satyug Mera Gold Plan (SMGP) is offered by Satyug Gold Pvt. Ltd. (SGPL) a Shilpa Shetty Kundra venture, to enable systematic accumulation of gold grams by customers for their personal requirements.

SMGP enables customers to accumulate physical gold in small quantities on a monthly basis through the benefit of "Monthly Rupee Average Pricing".

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Between Chennai Gold Price and China Gold Price

Gold is something that connects all. Be it the rich or the poor, the most powerful or the commonman, scholar or illiterate, everyone loves this shining yellow metal, which can be preserved as bullion, made as ornaments and pledged at times of financial crunch.

While the primary focus of this portal is Chennai gold price, there is nothing wrong in updating our visitors about latest happenings related to gold, from all over the world.

The latest news that is making waves about gold is that, the consumption of the yellow metal in China has jumped 41 percent in 2013 to exceed 1,000 tonnes for the first time. This has been revealed by data released by an industry body on Monday (February 10).

According to figures, a sharp slide in prices attracted buyers for jewellery and bullion, which increased the gold appetite of the Dragon country, which is one of the largest markets in the world.

China's huge population and its growing economy make the country an attractive and strong market for any product or service, and gold, the favorite metal of the Chinese, is no exception to this.

In its website, the China Gold Association said gold consumption in the country grew to 1,176.40 tonnes last year, with jewellery demand climbing 43 per cent to 716.50 tonnes and bullion demand soaring 57 percent to 375.73 tonnes.

Chinese demand hit a record as gold prices fell for the first time in 13 years amid an improving global economy and a rally in equities. Prices tumbled 28 percent in 2013.

The website of China Gold Association also indicated that China's gold output in 2013 rose 6.2 percent from the previous year to a record high 428.163 tonnes. This has made the country the world's biggest producer for a seventh year in a row.

Meanwhile, as per the latest figures on the central bank's website, China's gold consumption figures do not include demand from the central bank, whose gold reserves stand at 33.89 million ounces (1,054 tonnes), unchanged since April 2009.

Meanwhile, coming back to Chennai, the southern city of India which is known for its love towards gold, the metropolis has just witnessed a grand expo- the 10th edition of the three day mega B2B, Gem & Jewellery India International Exhibition (GJIIE 2014).

The exhibition, which started on Friday, brought all attention on Chennai gold price. The event that took place at Chennai Trade Centre in Nandambakkam concluded on Sunday.
Organisers of the grand event said the Gem & Jewellery India International Exhibition (GJIIE 2014) was a grand success and it witnessed many visitors.

Since global stakeholders camped in Chennai for this fair, Chennai gold price was under the scanner of everone. Some of the exhibitors at GJIIE 2014 were Chain and Chains (Mumbai), Derewala Jewellery (Jaipur), Mukti Gold (Mumbai), JJ Jewellers (Thrissur), Laxmi Diamonds (Bangalore), Maturshree Gold (Bangalore), Prakash Gold Palace (Chennai), Vinati Jewellwers (Hyderabad), White Fire (Chennai), Mukti Gold (Mumbai),
Deepa Jewellers (Hyderabad), RKR Gold (Coimbatore), Jewel Park (Nellore) to name a few. One can expect much more flashing of beautifully crafted metal pieces from the other exhibitors as well at GJIIE 2014.
Meanwhile, another latest development is that NCDEX has launched GoldHedge, which lets traders buy or sell gold at international prices. Gold Hedge is designed as an intention-matching contract where delivery occurs only when both the buyer and the seller agree in advance on the quantity and the location.
National Commodity & Derivatives Exchange Limited (NCDEX) is an online multi commodity exchange based in India. It is a public limited company incorporated on 23 April 2003 under the Companies Act, 1956.

It obtained its Certificate for Commencement of Business on 9 May 2003. It has commenced its operations on 15 December 2003. NCDEX is the only commodity exchange in the country promoted by national level institutions. This unique parentage enables it to offer a bouquet of benefits, which are currently in short supply in the commodity markets.

The institutional promoters and shareholders of NCDEX are prominent players in their respective fields and bring with them institutional building experience, trust, nationwide reach, technology and risk management skills. NCDEX is regulated by Forward Markets Commission (FMC) in respect of futures trading in commodities.


Besides, NCDEX is subjected to various laws of the land like the Companies Act, Stamp Act, Contracts Act, Forward Commission (Regulation) Act and various other legislations, which impinge on its working.

For more details;

Contact,

Chennai.GoldrateLive.Com is continually growing, and to ensure that we are always giving you exactly what you want we would love to hear any feedback you may have. It may be about our website, our service, or any new features you would like to see us include

+91 99623 60756
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Live Gold Rate in Chennai - Good news: Govt to ease gold curbs: Chidambaram’s budget and gold rate today in Chenna...

Live Gold Rate in Chennai - Good news: Govt to ease gold curbs: Chidambaram’s budget and gold rate today in Chenna...: All eyes were on India's Finance Minister P Chidambaram on Monday as he was set to make his budget presentation. Though it was an ...

Chidambaram’s budget and gold rate today in Chennai

All eyes were on India's Finance Minister P Chidambaram on Monday as he was set to make his budget presentation. Though it was an interim one since the Lok Sabha elections are fast approaching, stake holders in gold and jewellery industry were expecting some announcements from him, especially after an instruction from Congress president and UPA chairperson Sonia Gandhi to Chidambaram to ease curbs on gold imports, following which he too assured that the restrictions would be relaxed soon.

As expected, the Harvard-educated Chidambaram, who hails from the southern state of Tamil Nadu, spoke about gold. He said the government was looking into the pros and cons of easing controls on gold imports, but would not let the current account deficit balloon again.

Chidambaram predicted the current account deficit would be contained at $45 billion at the end of March, around half the level at the start of the fiscal year, thanks largely to tight restrictions on gold imports and a recovery in exports.

Since this announcement from Chidambaram was almost like maintaining status quo on the curbs, the industry is left disappointed. Gold rate today in Chennai too is largely unchanged.

The All India Gems and Jewellery Trade Federation (GJF) has expressed deep disappointment and shock at the Interim Budget.

The GJF, which is the national trade federation for the promotion and growth of trade in Gems and Jewellery (G&J) Industry across India, is disappointed at "proposals that are anti jewellery sector, depriving livelihood of millions of people engaged in the sector."

Haresh Soni, Chairman, GJF said, "It is anti-people budget impacting over three crores people as the Finance Minister ignores the plight of jewellery artisans and craftsmen. The entire Gems & Jewellery Industry is deeply disappointed and shocked at the insensitive treatment meted out to it by the Government."

He further said: "The Government seems to be inconsiderate to the plight of lakhs of families of goldsmiths and craftsmen, who are suffering due to lack of job work and thereby threatening their livelihood. The Government is also turning a blind eye to the increasing instances of gold smuggling that is not only creating a parallel economy but also threatening the security of the country due to rise in anti-social activities”, Soni said.

"Even GJF's suggestions to control CAD thrown out of window as it demanded that the 80:20 must be withdrawn and duty must be brought down to 2%. Government now should roll back the restricted policy as the Current Account Deficit has reduced substantially. Such policy reversal would also curve the growing black marketing activities in the trade.”

GJF has reiterated that the Government’s recent policies such as 80:20 scheme has resulted in high premium and monopolized business environment, destroying the organized G&J industry as well as lead to unemployment and starvation amongst the workforce.

GJF said that the Government should recognize people’s sentiments to consider gold jewellery as the best social security and also preserve the centuries old jewellery design legacy of India. If India’s artisans, craftsmen and goldsmiths don’t survive, then the country’s centuries old heritage of jewellery making will die a natural death and will be lost forever.

“We urge the Government to keep import duties on gold low to eliminate smuggling; and immediately remove the 80:20 Rule while allowing consignment gold imports to ensure fair open market controlled business. We urge the Government to keep import duties on ready finished imports moderately high to protect Indian industry, still not banning imports. Competition from overseas is important for keeping domestic jewellery manufacturing industry competitive in design and quality."

Those tracking and monitoring gold rate today in Chennai have expressed shock over the budget. "We were expecting some good announcements, especially on the removal of curbs. But we are disappointed. At least we now expect some genuine promises in the manifestos of political parties," experts tracking gold rate today in Chennai said.

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Muthoot on diversification mode

It was not long back Muthoot Group, a leading player in gold loan business, ventured into Tamil Nadu and opened shops across the State, in a bid to establish itself a pan-Indian player.

The entry of titans like Muthoot and Manappuram changed the gold and gold loan business s in Tamil Nadu, especially in Chennai.  They offered more amount to the gold, making Chennai gold rate live and attractive. Also, the interest rates are low when compared to others, which again made Chennai gold rate live.




And now, Muthoot Leisure and Hospitality Services (MLHS), the hospitality division of Muthoot Group has announced the acquisition of Costa Rica’s award winning, high-end property ‘Xandari Resort & Spa’. This is the first acquisition by an Indian hospitality company in Central America.

Based in Alajuela, Costa Rica, Xandari Resort & Spa a luxurious property becomes the first overseas acquisition by MLHS.The resort was added to MLHS group in December 2013. MLHS has also extended its collaboration with Raxa Collective to manage the property hereon.MLHS plans to spend Rs 200 crore in next two years



George M George, Executive Director, MLHS, said, “The concept of eco-friendly resorts originated in Costa-Rica and this acquisition is an expression of our belief in promoting environment-friendly projects around the world. Moreover, it is aligned to our vision of offering excellent service and hospitality to our guests, complemented by exquisite exposure to the heritage of that region. I am confident that the uniqueness of this property will appeal to global visitors and will go a long way in strengthening our business here. Having said that, India continues to be our focus market and we will announce our domestic expansion plans very soon”.

Xandari Resort & Spa is a tropical paradise of 24 individually designed villas nestled on a 40 acre plantation overlooking the Central Valley of Costa Rica. Each villa is beautifully designed and dressed up in a combination of barrel vaulted ceilings, thatch roofs, colorful walls, tile floors, original artwork by the owners, rattan chairs and traditional textiles. Adding serenity are the expansive lawns, covered by palapas. Guests are offered therapeutic spa service, set in the tropical garden with private palm-roofed gazebos, each with its own Jacuzzi and view. The resort also offers farm-fresh scrumptious cuisines for health-conscious and other guests.

Costa Rica stands as the most visited nation in the Central American region, with 2.2 million foreign visitors in 2011. International tourist receipts rose to US$2.4 billion in 2012, and the lead country of origin was the United States, followed by Nicaragua and Canada. Ecotourism draws many tourists to visit the extensive national parks and protected areas around the country.

The resort has received many recognitions and awards for its exceptional hospitality. To name a few such as, Condé Nast Platinum List (awarded for 5 consecutive years on Gold List), Top 10 Central South American Resortsorganised by Travel + Leisure; Trip Advisor Travelers Choice Winner,World Travel Award for Costa Rica’s Leading Spa Resort

MHLS owns seven properties across India and Latin America. Cardamom County, a conservation focused Resort in PeriyarTiger Reserve,Kerela; River Escapes, with a fleet of houseboats endowed with Imperial guest rooms in Alleppey, Kerela; Pampa Villa, a whispering riverfront villa in Champakkulam, Kerela; Kayal Villa, an exotic  backwater villa at Panangad, Kerela; Spice Harbour, a Boutique hotel in the Mattenchery, Kerela; Pearl Beach, a sparkling villa-resort in Mararikulum, Kerela and the most recently added, Xandari Resort & Spa, a villa-resort in Alajuela, Costa Rica.

After being one of the factors in making Chennai gold rate live and attractive, Muthoot has now started focusing on hospitality business. Meanwhile, the gold chain is expected to open more outlets in Tamil Nadu in the coming months.

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Gold: Between Chennai and China

Gold is something that connects all. Be it the rich or the poor, the most powerful or the common man, scholar or illiterate, everyone loves this shining yellow metal, which can be preserved as bullion, made as ornaments and pledged at times of financial crunch.

While the primary focus of this portal is Chennai gold price, there is nothing wrong in updating our visitors about latest happenings related to gold, from all over the world.

The latest news that is making waves about gold is that, the consumption of the yellow metal in China has jumped 41 percent in 2013 to exceed 1,000 tonnes for the first time. This has been revealed by data released by an industry body on Monday (February 10).

According to figures, a sharp slide in prices attracted buyers for jewelry and bullion, which increased the gold appetite of the Dragon country, which is one of the largest markets in the world.

China’s huge population and its growing economy make the country an attractive and strong market for any product or service, and gold, the favorites metal of the Chinese, is no exception to this.

In its website, the China Gold Association said gold consumption in the country grew to 1,176.40 tonnes last year, with jewelry demand climbing 43 per cent to 716.50 tonnes and bullion demand soaring 57 percent to 375.73 tonnes.

Chinese demand hit a record as gold prices fell for the first time in 13 years amid an improving global economy and a rally in equities. Prices tumbled 28 percent in 2013.

The website of China Gold Association also indicated that China’s gold output in 2013 rose 6.2 percent from the previous year to a record high 428.163 tonnes. This has made the country the world’s biggest producer for a seventh year in a row.

Meanwhile, as per the latest figures on the central bank’s website, China’s gold consumption figures do not include demand from the central bank, whose gold reserves stand at 33.89 million ounces (1,054 tonnes), unchanged since April 2009.

Meanwhile, coming back to Chennai, the southern city of India which is known for its love towards gold, the metropolis has just witnessed a grand expo- the 10th edition of the three day mega B2B, Gem & Jewellery India International Exhibition (GJIIE 2014).
The exhibition, which started on Friday, brought all attention on Chennai gold price. The event that took place at Chennai Trade Centre in Nandambakkam concluded on Sunday.

Organisers of the grand event said the Gem & Jewellery India International Exhibition (GJIIE 2014) was a grand success and it witnessed many visitors.

Since global stakeholders camped in Chennai for this fair, Chennai gold price was under the scanner of everyone. Some of the exhibitors at GJIIE 2014 were Chain and Chains (Mumbai), Derewala Jewellery (Jaipur), Mukti Gold (Mumbai), JJ Jewellers (Thrissur), Laxmi Diamonds (Bangalore), Maturshree Gold (Bangalore), Prakash Gold Palace (Chennai), Vinati Jewellwers (Hyderabad), White Fire (Chennai), Mukti Gold (Mumbai),
Deepa Jewellers (Hyderabad), RKR Gold (Coimbatore), Jewel Park (Nellore) to name a few. One can expect much more flashing of beautifully crafted metal pieces from the other exhibitors as well at GJIIE 2014.

Meanwhile, another latest development is that NCDEX has launched Gold Hedge, which lets traders buy or sell gold at international prices. Gold Hedge is designed as an intention-matching contract where delivery occurs only when both the buyer and the seller agree in advance on the quantity and the location.

National Commodity & Derivatives Exchange Limited (NCDEX) is an online multi commodity exchange based in India. It is a public limited company incorporated on 23 April 2003 under the Companies Act, 1956.
It obtained its Certificate for Commencement of Business on 9 May 2003. It has commenced its operations on 15 December 2003. NCDEX is the only commodity exchange in the country promoted by national level institutions. This unique parentage enables it to offer a bouquet of benefits, which are currently in short supply in the commodity markets.

The institutional promoters and shareholders of NCDEX are prominent players in their respective fields and bring with them institutional building experience, trust, nationwide reach, technology and risk management skills. NCDEX is regulated by Forward Markets Commission (FMC) in respect of futures trading in commodities.

Besides, NCDEX is subjected to various laws of the land like the Companies Act, Stamp Act, Contracts Act, Forward Commission (Regulation) Act and various other legislations, which impinge on its working.

For more details;

Contact,

Chennai.GoldrateLive.Com is continually growing, and to ensure that we are always giving you exactly what you want we would love to hear any feedback you may have. It may be about our website, our service, or any new features you would like to see us include
 

+91 99623 60756
enquiry@goldratelive.com
http://www.chennai.goldratelive.com/