Business
From SGBs To ETFs: 5 Smart Gold Investment Options You Can Try This Festive Season
New Delhi: As the festive season draws near, gold prices are reaching record highs. For many Indian households, gold is more than just a metal as it carries cultural importance, emotional value, and serves as a financial safety net in uncertain times. With prices climbing, experts suggest that buyers plan their purchases wisely and explore smart strategies to make the most of their investment.
For generations, buying jewellery has been the most common way to own gold. But rising prices and making charges can cut into your actual returns. If you want to enjoy the benefits of gold without worrying about storage or security, there are safer and more flexible options to consider.
5 Smart Ways to Invest in Gold This Festive Season
Looking to invest in gold wisely this festive season? Here are five options that go beyond buying jewellery:
1. Gold Mutual Funds
These funds invest either in actual gold or in companies linked to the gold industry. Professionally managed, they give you easy exposure to the gold market without the need to track prices daily. They are also a great way to diversify your investment portfolio.
2. Sovereign Gold Bonds (SGBs)
Issued by the government, SGBs offer returns linked to gold prices along with a small fixed interest. Although new issues may sometimes be paused, existing bonds remain popular for their safety and tax benefits at maturity.
3. Gold Exchange-Traded Funds (ETFs)
Traded on stock exchanges, Gold ETFs track the market price of gold. They allow investors to buy even small amounts, like one gram, without worrying about purity, storage, or theft.
4. Gold Mining Stocks
Buying shares of companies that mine gold gives indirect exposure to gold prices. Returns depend on both gold prices and the company’s performance, making them suitable for investors with some stock market knowledge.
5. Gold Futures and Options
These contracts let investors lock in a future price for buying or selling gold. Best suited for experienced investors, they carry higher risks but can offer significant opportunities if managed carefully.
Mumbai: Warburg Pincus-backed housing finance company Truhome Finance ( formerly Shriram Housing) has filed draft papers with capital markets regulator SEBI to raise Rs 3,000 crore through an initial public offering.The IPO will comprise a fresh issue of equity shares of face value Rs 10 aggregating up to Rs 1,500 crore and an offer for sale of equity shares of face value Rs 10 aggregating up to Rs 1,500 crore, according to the draft red herring prospectus filed with SEBI. The offer for sale will be undertaken by promoter selling shareholder Mango Crest Investment, which plans to offload shares worth up to Rs 1,500 crore.Truhome Finance plans to use the net proceeds from the fresh issue to augment its capital base to support future capital requirements, including onward lending and general corporate purposes. The funds will also help the company comply with RBI’s capital adequacy norms as its business expands.The company said the proceeds are expected to be deployed over the financial years ending March 31, 2027 and March 31, 2028.JM Financial, IIFL Capital Services, Jefferies India and Kotak Mahindra Capital Company are the book running lead managers to the issue.Warburg Pincus completed its acquisition of Shriram Housing Finance (SHFL) from Shriram Finance and other sellers in December 2024 for approximately Rs 4,630 crore, marking a strategic shift in India’s housing finance sector.
Business
Ticketmaster parent Live Nation reaches settlement with Department of Justice over antitrust concerns
Signs are seen at the Live Nation NYC headquarters on May 23, 2024 in New York City.
Michael M. Santiago | Getty Images
Live Nation Entertainment has reached a settlement with the Department of Justice over antitrust concerns surrounding its Ticketmaster platform, a senior DOJ official said Monday.
The settlement would see Ticketmaster unwind some of its exclusivity agreements with musical artists and open up the ticketing industry to greater competition. It still needs approval by more than 20 states that had filed suit and by the court.
As part of the settlement, Ticketmaster will offer a standalone third-party ticketing system for other companies like SeatGeek to use its technology. Live Nation has also agreed to divest at least 13 of its amphitheaters and will no longer be able to require artists to use other Live Nation products tied to its venues. It has also agreed to pay roughly $280 million in civil penalties.
Shares of Live Nation rose 5% in morning trading. Live Nation and Ticketmaster did not immediately respond to requests for comment.
Ticketmaster has long faced criticism that its dominance in the live events and ticketing space pushes up prices for consumers. The company has come under heightened scrutiny in recent years from fans who argue that it’s become harder and pricier to snag coveted event tickets.
In 2022, the backlash boiled over when the rollout of tickets for Taylor Swift’s Eras Tour was mishandled, leading to a probe of the company. And in 2024, the DOJ — along with more than two dozen states — sued to break up Live Nation and Ticketmaster, which merged in 2010.
In September, Live Nation was separately sued by the Federal Trade Commission over what the agency called “illegal” ticket resale tactics. The FTC said Ticketmaster controls roughly 80% of major concert venues’ ticketing.
In a Monday statement, New York Attorney General Letitia James said her office would continue to fight against Live Nation’s alleged monopoly even after its agreement with the DOJ.
“The settlement recently announced with the U.S. Department of Justice fails to address the monopoly at the center of this case, and would benefit Live Nation at the expense of consumers. We cannot agree to it,” said James, who is joined by the attorneys general of more than 20 other states.
The conflict in the Middle East could raise the cost of petrol, household energy bills and even food.
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