Posts

Showing posts with the label investing

Boundary-Bound Boost: How the 2023 Cricket World Cup Will Ignite India's Economy

Image
  Boundary-Bound Boost: How the 2023 Cricket World Cup Will Ignite India's Economy "The 2019 Cricket World Cup gave a substantial ₹3,600 crore boost to the UK economy. Now, with the 2023 edition on the horizon, the Indian economy is poised to reap significant benefits as well. Here are some industries expected to thrive during the event: 🏨 Hospitality: With reports of even hospital beds being booked on matchdays, hotels and accommodations are set for substantial gains. ✈️ Airlines: Fans from around the world will flock in to witness the action live, resulting in soaring flight ticket prices. 🧳 Travel & Tourism: Cricket matches serve as a reason for fans to plan holidays near the host cities, leading to a spike in tourism. 📸 Media & Broadcasting: Broadcasting companies will provide a convenient way for fans to follow the matches from the comfort of their homes. 🍲 Food & Beverage: Enjoying favorite comfort foods while watching the games at home will be a popular ...

Different forms of GOLD to invest in

Image
  Different forms of GOLD to invest in Gold prices have rallied over 40% in the last year. As the world was grappling with uncertainty surrounding the COVID-19 pandemic, demand for the asset class rose rapidly due to its perception as a safe haven. Here are the different forms in which you can invest in Gold. Physical Gold One of the oldest ways to own gold is to buy it physically from a nearby jewellery shop. We Indians surely do love and cherish possessing gold. But keep in mind, that buying jewellery should not be construed as an investment. This is so because the making charges on jewellery can be as high as 25% in some cases plus GST which cannot be recovered on resale. Also owning physical gold has safety and storage concerns associated with it. Gold ETF It is an exchange-traded fund with physical gold (99.5% purity) as the underlying asset. These ETFs are listed on an exchange like NSE or BSE where they can be bought or sold. The benefits of investing in gold ETF...