stridhan: Husband has no control over wife’s ‘stridhan,’ rules Supreme Court

A husband has no control over his wife’s ‘stridhan’ (woman’s property) and while he may use it during the time of his distress, he has a moral obligation to return it to his wife, the Supreme Court has reiterated while directing a man to pay Rs 25 lakh to a woman in return for her … Read more

Gold trading volume spikes amid Middle East crisis

Representational image Seoul: The trading volume of gold in South Korea has jumped sharply this month amid escalating tensions in the Middle East, data showed on Saturday. The daily trading volume of gold in the country came to 16.9 billion won ($12.25 million) as of Friday, according to the data from Korea Exchange (KRX), the … Read more

South Africa overtakes Nigeria on medals table

Team Nigeria has dropped to third place in the medal standings at the ongoing African Games after failing to secure any new gold medals on Wednesday.While they added three silver and four bronze medals, it wasn’t enough to maintain their second-place position.South Africa now occupies that spot with 77 medals (22 gold, 22 silver, and … Read more

Youth appetite for gold rises as Chinese economy loses lustre

“STABLE” ASSETS Gold jewellery was among the best-performing consumer goods in China last year, as the post-pandemic recovery lost its shine in the face of flagging domestic consumption and declining business confidence. A long-running property sector crisis and more recent stock market rout have further dented investors’ options. The market in central Shanghai where AFP … Read more

Flyers from Muscat held for smuggling gold worth Rs 81 lakh

Photo: Delhi Customs/X Customs officials in Delhi arested two passengers coming from the Sultanate of Oman’s capital, Muscat, for allegedly smuggling gold worth Rs 81 lakh. The foreign origin gold, weighing 1452 grams was discovered during an inspection by authorities at Indira Gandhi International Airport. “On the basis of intelligence developed, Customs@IGI Airport have rummaged … Read more

Passenger from Kuwait held for smuggling gold worth Rs 38L

Representational image Kochi: Customs department officials at Cochin international airport seized 677.200 grams of ‘foreign origin gold’ from a passenger who came from Kuwait on Thursday. According to officials, on the basis of profiling, a passenger who came from Kuwait to Cochin vide flight 6E 1238 was intercepted at the green channel by the officers … Read more

Pebble Beach Food and Wine returns after 4-year hiatus

Elegant snacks at the Pebble Beach Food and Wine event. Courtesy Pebble Beach Food and Wine After four years, the extravagant Pebble Beach Food & Wine festival returns in April. Dormant since 2020, the elegant culinary spectacle returns to the California seaside town for four days, featuring influential and world-famous chefs from across the country. … Read more

Bullish or bearish on bullion? How to think about gold investing in 2024

Have gold’s go-go days arrived? Bullion bullishness is rising with its recent price breaking $2,100. Costco says it can’t keep gold bars in stock.  But be gold-darned careful before embracing the yellow brick road. Gold requires impeccable market timing. Otherwise, it’s portfolio pyrite—a lead weight. If you can’t time stocks, don’t try gold. Here is … Read more

Costco made $100 million off this golden item alone in most recent quarter — just 2 per customer

This fast-selling item continues to be a goldmine for Costco.   The members-only retailer sold a jaw-dropping $100 million worth of one-ounce gold bars in its latest quarter as buyers continue to swoop up the blingy blocks, the company’s CFO Richard Galanti said in an earnings call this week, according to Business Insider. He said … Read more