Why Are Gold Prices Falling? Check Gold and Silver Prices in Your City

Gold prices have fallen on February 12, 2025, after the US central bank signalled that it is in no rush to implement further interest rate cuts.

In the international market, the spot gold price has dropped by 0.59%, falling below the $2,900 per ounce mark as of 11:41 AM on February 12, 2025.

Gold prices in both India and global markets have declined. In India, gold prices have fallen by ₹490 per 10 grams in major cities.

In Mumbai, 24-carat gold is priced at ₹8,503 per gram, while 22-carat gold costs ₹7,794 per gram. The price of 24-carat gold stands at ₹85,030 per 10 grams as of 11:41 AM on 12 February 2025.

In Delhi, the price of 22-carat gold is currently ₹77,825 per 10 grams, while 24-carat gold is trading at ₹84,900 per 10 grams.

Gold Prices Across Major Indian Cities (February 12, 2025)

City 24 Carat Gold (per 10gm in ₹) 22 Carat Gold (per 10gm in ₹)
Chennai 85,280 78,173
Hyderabad 85,160 78,063
Delhi 84,900 77,825
Mumbai 85,030 77,944
Bangalore 85,100 78,008

Silver Prices in India on February 12, 2025

The international silver price has declined by 0.31%, dropping below $32 as of 11:45 AM on February 12, 2025. In India, silver prices have fallen by ₹220 per kilogram.

Silver Prices Across Major Indian Cities

 

City Silver Rate in ₹/KG 
Mumbai 94,560
Delhi 94,360
Kolkata 94,430
Chennai 94,830

Key Takeaways

  • Gold Prices: Both 22-carat and 24-carat gold prices have dropped in major Indian cities. The international spot price of gold has slipped below $2,900 per ounce.
  • Silver Prices: Silver prices have also declined in India and the international market.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Gold ETF vs Index Fund: Which Gave Better Returns on ₹10 Lakh Investment Over 10 Years?

Investors often seek stable, long-term returns, and two popular options are gold ETFs and index mutual funds. While gold ETFs track the price of gold, index funds replicate a stock market index. But which of these has generated higher returns on a ₹10 lakh investment over the last decade? Let’s compare.

Top Gold ETF Performance: UTI Gold ETF

Among gold ETFs, UTI Gold ETF has been the top performer over the past 10 years.

  • Annualised return (CAGR): 11.33%
  • AUM (Assets Under Management): ₹1,599 crore
  • NAV (Net Asset Value): ₹72.85
  • Benchmark: Domestic gold price
  • Expense ratio: 0.50%
  • Minimum investment: ₹20,000

How Much Would ₹10 Lakh Have Grown?

At an 11.33% CAGR, an investment of ₹10 lakh in the UTI Gold ETF grew to ₹29,24,975 over the past decade. This means investors gained approximately ₹19,24,975 in long-term capital gains.

Top Index Fund Performance: Bandhan Nifty 50 Index Fund (Direct Plan)

Among index mutual funds, the Bandhan Nifty 50 Index Fund – Direct Plan has delivered the highest 10-year returns.

  • Annualised return (CAGR): 11.66%
  • AUM: ₹1,666 crore
  • NAV: ₹51.48
  • Benchmark: NIFTY 50 TRI
  • Expense ratio: 0.10%
  • Minimum SIP investment: ₹100
  • Minimum lump sum investment: ₹1,000

How Much Would ₹10 Lakh Have Grown?

At an 11.66% CAGR, a ₹10 lakh investment in the Bandhan Nifty 50 Index Fund grew to ₹30,12,841 over the 10-year period.

Gold ETF vs Index Fund: Which Performed Better?

Investment Type Fund/ETF Name 10-Year CAGR Final Value (₹10 Lakh Invested)
Gold ETF UTI Gold ETF 11.33% ₹29,24,975
Index Fund Bandhan Nifty 50 Index Fund 11.66% ₹30,12,841

While both investments have delivered impressive long-term returns, the index mutual fund slightly outperformed the gold ETF, providing an extra ₹87,866 over 10 years.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Hyundai Motor Joins MSCI Global Standard Index as the Only Large-Cap Inclusion in February Review

Hyundai Motor India Ltd. has secured a spot in the MSCI Global Standard Index, becoming the only Indian large-cap stock included in the February 2025 review. This addition marks a significant milestone for the company, which went public in November 2024.

Hyundai Motor India has also recorded the highest weight increase among Indian securities in this rebalancing.

Hyundai Motor India in the MSCI Global Standard Index

The inclusion of Hyundai Motor India in the MSCI Global Standard Index is anticipated to attract an inflow of approximately $257 million from passive funds tracking the index as per the news report. This development is expected to enhance the company’s visibility among global institutional investors and increase liquidity in the stock.

Other Stocks Witnessing Weight Adjustments

Apart from Hyundai Motor India, several other stocks have seen their weightage revised in the index.

Stocks with Increased Weightage:

Stocks with Decreased Weightage:

Adani Green Energy Removed from MSCI Index

Adani Green Energy Ltd has been excluded from the MSCI Global Standard Index following the February review. The reasons for its removal are not explicitly stated but are likely due to changes in free float market capitalisation, liquidity, or overall market performance.

India’s Weight in MSCI Global Standard Index Rises

Following the latest rebalancing, India’s weight in the MSCI Global Standard Indexes will increase to 19% from 18.8%. However, despite this increase, India has slipped to 3rd place in the emerging markets ranking, losing the 2nd spot to Taiwan.

Emerging Market Rankings: China Maintains Leadership

  • China: 27.1% (up from 27%)
  • Taiwan: Moves to 2nd Position 
  • India: 19% (up from 18.8%)

The MSCI index adjustments will come into effect from February 28, 2025, influencing stock weightage and investment flows in global markets.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Shalby Hospital Secures Gujarat’s First Hand Transplant Approval

Shalby Hospital, Ahmedabad, has become the first medical institution in Gujarat to receive approval for conducting hand transplants. The approval, granted by the State Authorisation Committee, Government of Gujarat, under the Transplantation of Human Organs Act, 1994, marks a significant milestone for the hospital and the state’s healthcare sector.

As of 10:14 AM, Shalby’s share price was trading 3.27% lower on the NSE

Expanding the Scope of Reconstructive Surgery

Hand transplants represent a revolutionary advancement in reconstructive surgery, offering a life-changing solution for individuals who have lost their hands due to trauma, disease, or congenital conditions. 

With this approval, Shalby Hospital can now provide patients with the opportunity to regain hand functionality, significantly improving their independence and overall quality of life.

Enhancing Medical Capabilities and Patient Care

By being the first hospital in Gujarat to receive this approval, Shalby strengthens its position as a leader in advanced medical procedures. 

The ability to perform hand transplants not only expands the hospital’s service offerings but also enhances its reputation within the medical community. This milestone aligns with Shalby’s commitment to medical innovation and excellence in patient care.

Psychological and Emotional Benefits for Patients

Beyond the physical advantages, hand transplants have profound emotional and psychological benefits. Losing a limb can lead to significant mental distress, but the restoration of a hand through transplantation can alleviate trauma, boost confidence, and improve overall well-being.

A Progressive Step for Healthcare in Gujarat

This approval reflects the state’s growing emphasis on pioneering medical procedures and highlights the advancements being made in the healthcare infrastructure. It sets a precedent for other hospitals to pursue similar medical innovations, ultimately benefiting patients across the region.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Oil India Signs MoU with Petrobras at India Energy Week 2025

Oil India Limited (OIL), a Maharatna Central Public Sector Enterprise (CPSE) and one of India’s leading energy companies, has signed a Memorandum of Understanding (MoU) with Petrobras, Brazil’s state-controlled oil giant.

The agreement was formalised during India Energy Week (IEW) 2025 in New Delhi, signifying an important step towards bilateral cooperation in the energy sector.

The MoU was signed by Dr Ranjit Rath, Chairman & Managing Director of Oil India Limited, and Ms Magda Chambriard, CEO of Petrobras. This strategic collaboration is set to unlock potential hydrocarbon reserves in India’s offshore regions, furthering India’s aspirations in energy security and self-sufficiency.

The share price of Oil India reached an intraday high of ₹421.10 on the NSE. As of 10:06 AM, the stock was trading 1.29% lower.

Exploration Focus: India’s Deep and Ultra-Deep Offshore Regions

As per the agreement, OIL and Petrobras will jointly explore India’s deep and ultra-deep offshore basins, including key regions such as:

  • Mahanadi Basin
  • Andaman Basin
  • Other sedimentary basins identified for exploration

This initiative aligns with India’s push to ramp up hydrocarbon exploration and production, in accordance with the Hydrocarbon Exploration and Licensing Policy (HELP) and the Open Acreage Licensing Policy (OALP). Both policies aim to facilitate investment in oil and gas exploration and improve domestic production.

Significance of the Collaboration

This partnership between Oil India and Petrobras is expected to:

  • Strengthen bilateral ties between India and Brazil in the energy sector.
  • Enhance technical cooperation in offshore hydrocarbon exploration.
  • Leverage Petrobras’ deep-water expertise in India’s complex offshore basins.
  • Support India’s goal of reducing dependence on energy imports through increased domestic production.

With Petrobras being a global leader in deep-water oil extraction and Oil India spearheading exploration in Indian waters, the synergy between the two companies could yield promising results for India’s energy security ambitions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Jupiter Wagons Secures ₹600 Crore Order from Adani Cement Group and Expands EV Ecosystem

Jupiter Wagons Ltd, a prominent manufacturer of railway wagons, wagon components, and castings, has announced a significant business development. The company has received a Letter of Acceptance (LoA) from Ambuja Cements Ltd and ACC Ltd, both part of the Adani Cement Group, for the manufacture and supply of BCFCM rakes and BVCM wagons.

According to the regulatory filing, the order is valued at approximately ₹600 crore and was awarded on February 10, 2025. BCFCM refers to bogie-covered fly ash/cement wagons, which are crucial for cement transportation.

Jupiter Electric Mobility Expands EV Ecosystem

Apart from its core railway business, Jupiter Wagons’ subsidiary, Jupiter Electric Mobility Private Limited (JEM), is making significant strides in the electric vehicle (EV) sector. The company has launched JEM Saathi, an all-in-one mobile application aimed at enhancing the EV ecosystem by providing vehicle service communications, local business discovery, and charging infrastructure access.

Key Features of JEM Saathi:

  • Charging Infrastructure: In collaboration with Bengaluru-based Pulse Energy, JEM Saathi offers access to 1,300+ fast chargers, enhancing convenience for EV users.
  • Service Network Expansion: JEM has strengthened its service ecosystem by partnering with Automovill and Battwheels, bringing a 140+ service station network across India.

Share Price and Financial Performance

Despite these positive developments, Jupiter Wagons’ share price was trading 2.7% lower as of 9:58 AM on February 12, 2025.

On the financial front, the company reported an 18.4% year-on-year (YoY) increase in consolidated net profit to ₹96.4 crore for the quarter ended December 2024 (Q3FY25). This growth was primarily driven by increased revenue and improved operational efficiency.

Financial Highlights for Q3FY25:

  • Revenue from operations: ₹1,029.8 crore (up 15% YoY)
  • Total income: ₹1,044.7 crore (up 16% YoY)
  • EBITDA: ₹148.7 crore (up 19.5% YoY)
  • EBITDA margin: Expanded to 14.4% from 13.9% YoY

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Goa Among Top 3 States in Average AUM Per Folio, Surpasses Maharashtra

The state-wise distribution of mutual fund assets under management (AUM) reveals intriguing insights about investor participation across different regions. As of December 2024, New Delhi, Goa, and Maharashtra have emerged as the top 3 states with the highest average AUM per folio, surpassing the ₹1 lakh mark.

The calculation of average AUM per folio is straightforward—it is derived by dividing the total AUM of a state by the total number of folios registered in that state. This metric provides an indicator of investor engagement, average ticket size, and the overall investment appetite of residents within each region.

Top States Based on Average AUM Per Folio

A closer look at the numbers highlights the significant gap between the leading states and others. The top 3 states with the highest average AUM per folio are:

  • New Delhi: ₹2.76 lakh
  • Goa: ₹2.45 lakh
  • Maharashtra: ₹2.25 lakh

These are the only three regions where the average AUM per folio exceeds ₹1 lakh, indicating a concentration of high-value investments in these states.

Following closely behind, Haryana, Karnataka, and Gujarat occupy the next three positions with figures of ₹78,700, ₹71,750, and ₹71,570, respectively. These states have a robust investor base but trail the leaders by a considerable margin.

Interestingly, smaller regions like Sikkim and Andaman & Nicobar Islands have also made it to the top ten, suggesting that even states with lower population densities are witnessing growing investment participation.

Here’s a look at the 9 nine states based on average AUM per folio:

States/UTs Average AUM per capita in ₹
New Delhi 2,75,570
Goa 2,44,630
Maharashtra 2,24,760
Haryana 78,700
Karnataka 71,750
Gujarat 71,570
Tamil Nadu 41,190
West Bengal 35,480
Sikkim 32,780

At the lower end of the spectrum, Bihar has the lowest average AUM per folio at ₹5,700, followed by Manipur (₹5,190) and Jammu & Kashmir (₹7,570), indicating a relatively lower mutual fund penetration in these regions.

AUM to GDP Ratio: Measuring Investment Depth

While average AUM per folio provides insights into individual investment levels, another important metric to consider is the AUM to GDP ratio, which indicates the proportion of a state’s economic output held in mutual fund investments.

As expected, Maharashtra leads the rankings with an AUM to GDP ratio of 90%, reflecting its dominant position as India’s financial hub. New Delhi follows with 54%, while Goa holds the 3rd position with 46%.

Interestingly, Jharkhand, which doesn’t feature in the top states for average AUM per folio, finds its place in the top 10 when measured by the AUM to GDP ratio. This highlights how investment penetration varies when adjusted for the size of the state’s economy.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.

SEBI’s Proposed Framework for Unclaimed Funds and Securities: Protecting Investor Interests

In an effort to safeguard investor interests, the Securities and Exchange Board of India (SEBI) has proposed a structured framework to handle unclaimed funds and securities lying with stockbrokers. According to SEBI, as of January 31, 2024, unclaimed funds in the market had reached ₹323 crore, while unclaimed securities amounted to ₹182 crore.

These unclaimed assets often arise due to incomplete or incorrect demat account details, non-traceability of clients, or a lack of access for legal heirs and nominees. To mitigate these challenges, SEBI’s proposal outlines a process to systematically deal with such funds and securities.

Placing Unclaimed Accounts Under “Enquiry Status”

To address instances where investors are unreachable or their bank accounts cannot be credited, SEBI proposes placing such accounts under “enquiry status”.

  • Stockbrokers will be required to reach out to clients using all feasible communication channels.
  • If securities remain with the broker for over 30 days under enquiry status, they will be classified as unclaimed securities.
  • If funds remain unclaimed for 1 year, they will be transferred to a dedicated bank account of the designated stock exchange on a quarterly basis.
  • After 3 years, these funds will be moved to the Investor Protection Fund (IPF), a pool that is used to safeguard investors.

Enabling Investors, Nominees, and Legal Heirs to Claim Funds

To facilitate the retrieval process, SEBI has mandated that stock exchanges and stockbrokers provide an online search facility on their websites. This feature will allow:

  • Investors to check for any unclaimed funds or securities in their name.
  • Legal heirs and nominees to track and claim assets belonging to deceased investors.

Additionally, SEBI has outlined specific procedures and timelines for handling funds before they are transferred to the dedicated bank account or the IPF. This structured approach aims to streamline the recovery process and enhance investor protection.

SEBI’s Broader Investor Protection Measures

SEBI has been actively working towards enhancing transparency and protecting investors’ assets. In December 2024, the regulator proposed a new platform named Mutual Fund Investment Tracing and Retrieval Assistant (MITRA). This initiative is designed to help investors track and retrieve inactive mutual fund folios, further extending its commitment to investor security.

With these measures in place, SEBI continues to reinforce market integrity and ensure that investors’ assets do not remain unclaimed due to procedural inefficiencies.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

CDSL Registers Over 15 Crore Demat Accounts

Central Depository Services (India) Limited (CDSL) has achieved a significant milestone by becoming the first depository in India to register over 15 crore (150 million) demat accounts. This achievement cements CDSL’s role as a pivotal institution in the Indian capital markets, facilitating seamless digital transactions and financial inclusion.

CDSL’s share price has slipped below ₹1,200 as of 9:32 AM, trading down 3.56% on the NSE amid a fragile market.

About CDSL: Pioneering Depository Services in India

Established in 1999, CDSL has consistently aimed to provide secure, efficient, and reliable depository services to investors across India. Over the past 25 years, the company has played a crucial role in modernising the capital markets by enabling electronic holding and transactions of securities.

As a Market Infrastructure Institution (MII), CDSL supports various capital market participants, including depository participants, issuers, investors, registrars and transfer agents (RTAs), clearing corporations, and stock exchanges. The depository’s robust infrastructure ensures safe and seamless transactions for investors nationwide.

The Only Listed Depository in Asia

CDSL holds a unique position as the only publicly listed depository in Asia. With over 570+ depository participants and an ever-expanding network, it has successfully integrated cutting-edge technology to enhance market efficiency.

Its commitment to innovation and excellence has earned it prestigious accolades, including:

  • ‘Market Infrastructure of the Year’ at the 7th Regulation Asia Awards for Excellence 2024.
  • ‘CSD of the Year’ at the Asset Service Times – Industry Excellence Award 2023.
  • Several other industry recognitions for business transformation and market innovation.

CDSL’s Subsidiaries: Strengthening Financial Infrastructure

Beyond its core depository services, CDSL has diversified its offerings through key subsidiaries that provide essential financial services:

  • CDSL Ventures Limited (CVL): India’s first and largest KYC Registration Agency (KRA), also offering services such as Registrar & Share Transfer Agent (RTA), GST Suvidha Provider (GSP), and Academic Depository.
  • Centrico Insurance Repository Limited (CIRL): A certified Insurance Repository under the IRDAI, facilitating seamless management of insurance policies in digital form.
  • Countrywide Commodity Repository Limited (CCRL): Provides electronic warehouse receipts (eNWRs or eNNWRs) for commodities stored in WDRA-registered warehouses, supporting farmers, farmer producer organisations (FPOs), and manufacturers.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Cyient DLM Signs Production Deal With Boeing for Precision Machining

Cyient DLM has secured a production contract with Boeing Global Services for precision-machined parts and assemblies. This agreement signifies a significant step in their partnership and highlights Cyient DLM’s growing expertise in delivering high-precision components to the aerospace industry.  

Advancing Aerospace Capabilities  

The contract underscores Cyient DLM’s advanced manufacturing capabilities and commitment to excellence in aerospace engineering. CEO Anthony Montalbano emphasised that this collaboration strengthens their relationship with Boeing and showcases their ability to meet high industry standards.  

Industry Certifications and Expertise  

Cyient DLM is a recognised leader in the aerospace and defence sector, holding AS9100C aerospace certification and being the first in India to receive NADCAP certification for Circuit Card Assembly. With over three decades of experience, the company specialises in manufacturing prototypes, precision machining and additive manufacturing.  

Commitment to Innovation  

As an integrated electronics manufacturing solutions provider, Cyient DLM offers design-led manufacturing solutions, including design, testing and certification support. Their global presence and focus on safety-critical electronics in regulated industries reinforce their role as a transformative force in aerospace and defence technology.

Diverse Manufacturing Capabilities  

Cyient DLM specialises in end-to-end manufacturing solutions including small-batch production, box builds, sub-assemblies and full-system integration. The company also leverages additive manufacturing (3D printing) for proof-of-concept designs, design verification and functional testing, ensuring innovative and high-quality solutions for its clients.

Share Price Performance 

As of February 12, 2025, at 9:25 AM, shares of Client DLM are trading at ₹425.60 per share, reflecting a surge of 0.87% from the previous day’s closing price. Over the past month, the stock has registered a loss of 28.10%. The stock’s 52-week high stands at ₹883.80 per share, while its 52-week low is ₹413.85 per share.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.