Changing Investment Preferences

Historically, gold was primarily associated with jewelry, serving as a status symbol and a cherished asset for emergencies. However, as economic circumstances evolve, individuals are now recognizing gold’s potential as a solid investment. This shift is evident as more people move away from real estate investments and gravitate toward precious metals like gold and silver.

Current Gold Prices in Telugu States

On the auspicious occasion of Durgashtami, let’s take a closer look at the current gold prices in the Telugu states. As of today, October 10th, the price of 10 grams of 22-carat gold in Hyderabad stands at ₹70,290, a slight decrease of ₹10. Meanwhile, 24-carat gold is priced at ₹76,680 for the same quantity. These prices remain consistent in major cities across Andhra Pradesh, including Vijayawada and Visakhapatnam.

Gold Prices in Major Cities Across India

As the demand for gold surges, here are the current prices for gold in various key cities:

• Chennai:
  • 22-carat gold: ₹70,290
  • 24-carat gold: ₹76,680
• Mumbai:
  • 22-carat gold: ₹70,290
  • 24-carat gold: ₹76,680
• Delhi:
  • 22-carat gold: ₹70,440
  • 24-carat gold: ₹76,830
• Bangalore:
  • 22-carat gold: ₹70,290
  • 24-carat gold: ₹76,680
• Kerala:
  • 22-carat gold: ₹70,290
  • 24-carat gold: ₹76,680

The Growing Demand for Silver

In addition to gold, silver (referred to as pasidi in Telugu) is also witnessing an upsurge in demand. Traditionally seen as a more accessible investment, silver is becoming increasingly popular among those looking to diversify their portfolios. As people celebrate festivals like Navratri, the inclination to purchase silver items for religious and cultural significance adds to its appeal.

Conclusion

As we celebrate the Navratri festival, the trends in gold and silver prices reflect a broader shift in investment strategies among the populace. The current prices in major cities indicate a growing recognition of precious metals as valuable assets. With fluctuating market conditions and the ongoing demand for these metals, investing in gold and silver remains a prudent choice for many.

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Mutual funds, once overlooked due to market risks and lack of fixed returns, saw a shift in demand with the introduction of SIPs. Offering a disciplined approach and consistent returns, SIPs have captured the interest of both seasoned and novice investors. The convenience of online platforms has further fueled the popularity of SIPs, making it accessible to a wider audience.

The reasons behind the increasing demand for SIPs are multifaceted. SIPs promote discipline and consistency in investing, encouraging regular contributions that build wealth over time. Additionally, the concept of rupee cost averaging minimizes market volatility, leading to better long-term returns. The power of compounding further enhances wealth creation through consistent reinvestment of returns.

Moreover, the flexibility and ease of investment associated with SIPs make it an attractive option for investors of all levels. By allowing individuals to start with small amounts and automate contributions, SIPs offer a hassle-free investment experience that doesn’t require constant monitoring.

While SIPs offer numerous benefits, it’s crucial to consider potential risks such as market fluctuations, lack of fixed returns, fees, overexposure, and psychological impact. Understanding these factors can help investors make informed decisions and navigate the complexities of the investment landscape.

The post The Rise of Systematic Investment Plans (SIPs): A Closer Look at India’s Favorite Investment Option appeared first on Vizag One.

Across six major cities, the real estate sector saw a total investment of $3.9 billion in the first half of 2024, as revealed in Cushman & Wakefield’s capital market report. Multi-city transactions accounted for a substantial portion of this investment, amounting to nearly $1.9 billion. Notable investments were seen in Bengaluru ($509.5 million), Hyderabad ($319.9 million), Chennai ($234.7 million), Pune ($151.7 million), and Mumbai ($147 million).

Somy Thomas, the Managing Director of Valuation and Advisory and Capital Markets at Cushman & Wakefield, highlighted the significant growth and investor confidence in India’s real estate market with the inflow of $3.9 billion in private equity investments during the first half of 2024. This amount has already exceeded 70% of the total investments made last year. The surge in investments is primarily being driven by infrastructure-related sectors such as logistics and industrial, supported by substantial public investments in multi-modal economic corridors.

The post Private Equity Investments Surge in Delhi-NCR Real Estate Market: A Closer Look at $633.3 Million Inflows appeared first on Vizag One.