You are here: Home >> English News & Features >> Business & Economy

Small is big in online gold buying

DNAHM74429 | 8/22/2014 | Author : dna correspondent | WC :299

Gold purchase on e-commerce platform is cheaper, says Ketan Kothari, director of Bullion India

When it comes to buying gold online, small seems to be big. Around 40% customers of e-commerce company Bullion India buy one gram of gold. The company has offered 2% discount to buyers during the upcoming Diwali festivals. Gujarat accounts for around 12-15% share in the Rs500-crore gold market on e-commerce platform.
The buying of yellow metal on e-commerce is increasing. The market for online gold purchase was around Rs200 crore two years back which has increased to Rs500 crore, said Ketan Kothari, director of Bullion India.
He also said the turnover of his company is Rs50 crore and the target is to take it to Rs150 crore in the current financial year. Gujarat accounts for 15% of the company’s total business.

Read full story



Copyright restricted. Under license from www.dnasyndication.com   
Add To Lightbox
Calculate Price

More on Business & Economy

IT stocks likely to be in focus today
DNMUM441701 | 8/23/2019 12:00:00 AM | Author : Siddharth Sedani | WC :252

Bull market or bear market today?Considering the current trend, we can expect the market to be trading on a negative note today. However, a short covering in the second half of the day cannot be ruled out. The next support for Nifty will be at 105

Add To LightboxCalculate Price

Rupee crashes to eight-month low of 71.81/$
DNMUM441702 | 8/23/2019 12:00:00 AM | Author : DNA Correspondent | WC :160

Mumbai: The rupee on Thursday plunged 26 paise to an over eight-month low of 71.81 against the US dollar as falling stocks and foreign fund outflows hit sentiment.
The fall was also precipitated by the volatility in the emerging market currencie
Add To LightboxCalculate Price

CEA rules out fiscal boost for key sectors
DNMUM441703 | 8/23/2019 12:00:00 AM | Author : DNA Correspondent | WC :178

New Delhi: Chief economic adviser KV Surbramanian on Thursday indicated that the government may not come out with any major fiscal stimulus package as demanded by the industry to deal with the slowdown in key sectors of the economy.
Speaking at a
Add To LightboxCalculate Price

Auditors to now ascertain compliance of CSR spends
DNMUM441704 | 8/23/2019 12:00:00 AM | Author : Anjul Tomar | WC :537

Auditors may soon have to verify whether the company has spent a minimum of 2% of its average net profits towards Corporate Social Responsibility (CSR) in a financial year. The Ministry of Corporate Affairs (MCA) is working on a proposal to make t

Add To LightboxCalculate Price